U.S. Bank in South Dakota vs the state
24.0%Denial rate+11.27 pts vs state
27.6%Decision denial rate+11.89 pts vs state
61.5%Origination rate-4.50 pts vs state
6.99%Median rate+0.49 pts vs state
0.56Rate spread (pts)+0.37 pts vs state
$98kMedian applicant income
392Loans originated
153Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 538 | 302 | 32.3% | 8.35% | #11 |
| 2024 | 588 | 345 | 28.4% | 7.13% | #11 |
| 2025 | 637 | 392 | 24.0% | 6.99% | #10 |
What U.S. 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 U.S. Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 186 | 115 | 46 | 24.7% |
| Pennington County | 115 | 66 | 30 | 26.1% |
| Lincoln County | 82 | 54 | 20 | 24.4% |
| Brown County | 73 | 43 | 19 | 26.0% |
| Davison County | 27 | 19 | 7 | 25.9% |
| Union County | 25 | 19 | 2 | 8.0% |
| Meade County | 18 | 10 | 5 | 27.8% |
| Lawrence County | 12 | 11 | 0 | 0.0% |
| Clay County | 8 | 6 | 0 | 0.0% |
| Yankton County | 6 | 3 | 2 | 33.3% |
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% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 637 applications in 2025, of which 392 were originated and 153 denied.
24.0% of all applications, or 27.6% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans U.S. Bank originated in South Dakota in 2025 was 6.99%, against a statewide median of 6.50%.
About this data. Figures are U.S. 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