Premier Bank · South Dakota · 2025

Premier Bank in South Dakota: approval rate, denial rate and rates (2025)

Premier Bank took 30 mortgage applications in South Dakota in 2025, ranking #92 of 386 lenders active in the state. It originated 76.7% of them and denied 16.7% (17.2% of the applications it decided), against a statewide denial rate of 12.8%.

30Applicationsin SD
17.2%Decision denial ratestate 15.7%
Median ratestate 6.50%
$155,000Median loanstate $225,000
$4.9MVolume6 counties

Premier Bank in South Dakota vs the state

16.7%Denial rate+3.92 pts vs state
17.2%Decision denial rate+1.51 pts vs state
76.7%Origination rate+10.63 pts vs state
Median rate
Rate spread (pts)
$74kMedian applicant income
23Loans originated
5Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023221627.3%#90
202425198.0%#91
2025302316.7%#92

What Premier Bank lends in South Dakota

By loan purpose

Home purchase 15 50% · 26.7% denied
Refinance 10 33% · 10.0% denied
Home improvement 4 13% · 0.0% denied
Other / HELOC 1 3% · 0.0% denied

By loan type

Conventional 28 93% · 10.7% denied
USDA / RHS 2 7% · 100.0% denied

Where in South Dakota

Counties with the most Premier Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Union County 1291 8.3%
Lincoln County 1192 18.2%
Minnehaha County 440 0.0%
Yankton County 101 100.0%
Clay County 101 100.0%
Tripp County 110 0.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 30 applications in 2025, of which 23 were originated and 5 denied.

16.7% of all applications, or 17.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Premier 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