Morgan Stanley Private Bank in South Dakota vs the state
16.7%Denial rate+3.92 pts vs state
20.0%Decision denial rate+4.27 pts vs state
66.7%Origination rate+0.63 pts vs state
6.06%Median rate-0.44 pts vs state
-0.36Rate spread (pts)-0.54 pts vs state
$367kMedian applicant income
8Loans originated
2Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 5 | 0.0% | 5.85% | #148 |
| 2024 | 10 | 9 | 0.0% | 5.90% | #124 |
| 2025 | 12 | 8 | 16.7% | 6.06% | #128 |
What Morgan Stanley Private 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 Morgan Stanley Private Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lawrence County | 5 | 3 | 2 | 40.0% |
| Minnehaha County | 2 | 2 | 0 | 0.0% |
| Pennington County | 2 | 2 | 0 | 0.0% |
| Davison County | 1 | 0 | 0 | 0.0% |
| Lincoln County | 1 | 1 | 0 | 0.0% |
| Custer County | 1 | 0 | 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: 12 applications in 2025, of which 8 were originated and 2 denied.
16.7% of all applications, or 20.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Morgan Stanley Private Bank originated in South Dakota in 2025 was 6.06%, against a statewide median of 6.50%.
About this data. Figures are Morgan Stanley Private 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