Minnwest Bank in South Dakota vs the state
9.1%Denial rate-3.66 pts vs state
10.9%Decision denial rate-4.82 pts vs state
74.2%Origination rate+8.20 pts vs state
7.40%Median rate+0.90 pts vs state
1.26Rate spread (pts)+1.08 pts vs state
$101kMedian applicant income
49Loans originated
6Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 23 | 17.9% | 6.25% | #79 |
| 2024 | 71 | 46 | 18.3% | 7.90% | #59 |
| 2025 | 66 | 49 | 9.1% | 7.40% | #63 |
What Minnwest Bank lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Minnwest Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 29 | 20 | 2 | 6.9% |
| Roberts County | 11 | 8 | 2 | 18.2% |
| Grant County | 9 | 6 | 2 | 22.2% |
| Codington County | 5 | 3 | 0 | 0.0% |
| Lincoln County | 3 | 3 | 0 | 0.0% |
| Yankton County | 1 | 1 | 0 | 0.0% |
| Kingsbury County | 1 | 1 | 0 | 0.0% |
| Brookings County | 1 | 1 | 0 | 0.0% |
| McCook County | 1 | 1 | 0 | 0.0% |
| Brown County | 1 | 1 | 0 | 0.0% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Black Hills Federal Credit Union | D | 1,223 | 23.0% | 7.75% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
Frequently asked questions
South Dakota: 66 applications in 2025, of which 49 were originated and 6 denied.
9.1% of all applications, or 10.9% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Minnwest Bank originated in South Dakota in 2025 was 7.40%, against a statewide median of 6.50%.
About this data. Figures are Minnwest Bank's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology