Wells Fargo Bank in South Dakota vs the state
17.5%Denial rate+4.76 pts vs state
22.0%Decision denial rate+6.24 pts vs state
61.8%Origination rate-4.29 pts vs state
6.50%Median rate0.00 pts vs state
0.17Rate spread (pts)-0.02 pts vs state
$94kMedian applicant income
134Loans originated
38Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 277 | 151 | 24.2% | 6.50% | #23 |
| 2024 | 257 | 132 | 16.7% | 6.50% | #24 |
| 2025 | 217 | 134 | 17.5% | 6.50% | #30 |
What Wells Fargo 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 Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 62 | 41 | 9 | 14.5% |
| Lincoln County | 19 | 16 | 2 | 10.5% |
| Pennington County | 17 | 11 | 3 | 17.6% |
| Codington County | 12 | 10 | 0 | 0.0% |
| Lawrence County | 12 | 5 | 3 | 25.0% |
| Brookings County | 10 | 7 | 0 | 0.0% |
| Union County | 7 | 2 | 2 | 28.6% |
| Yankton County | 6 | 4 | 0 | 0.0% |
| Clay County | 5 | 2 | 3 | 60.0% |
| Brule County | 5 | 3 | 1 | 20.0% |
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: 217 applications in 2025, of which 134 were originated and 38 denied.
17.5% of all applications, or 22.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Wells Fargo Bank originated in South Dakota in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Wells Fargo 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