OCMBC in South Dakota vs the state
21.7%Denial rate+8.99 pts vs state
55.6%Decision denial rate+39.83 pts vs state
13.0%Origination rate-53.00 pts vs state
7.25%Median rate+0.75 pts vs state
0.77Rate spread (pts)+0.58 pts vs state
$332kMedian applicant income
3Loans originated
5Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 7 | 5 | 0.0% | 7.75% | #139 |
| 2025 | 23 | 3 | 21.7% | 7.25% | #99 |
What OCMBC lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most OCMBC applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 9 | 0 | 1 | 11.1% |
| Minnehaha County | 4 | 1 | 0 | 0.0% |
| Lincoln County | 4 | 0 | 2 | 50.0% |
| Lyman County | 1 | 1 | 0 | 0.0% |
| Hamlin County | 1 | 0 | 1 | 100.0% |
| Hughes County | 1 | 0 | 1 | 100.0% |
| Codington County | 1 | 0 | 0 | 0.0% |
| Lawrence County | 1 | 0 | 0 | 0.0% |
| Brookings 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: 23 applications in 2025, of which 3 were originated and 5 denied.
21.7% of all applications, or 55.6% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans OCMBC originated in South Dakota in 2025 was 7.25%, against a statewide median of 6.50%.
About this data. Figures are OCMBC'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