West Gate Bank in South Dakota vs the state
4.4%Denial rate-8.40 pts vs state
4.4%Decision denial rate-11.38 pts vs state
95.7%Origination rate+29.61 pts vs state
6.44%Median rate-0.06 pts vs state
0.08Rate spread (pts)-0.10 pts vs state
$125kMedian applicant income
44Loans originated
2Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 17 | 14 | 11.8% | 6.50% | #99 |
| 2024 | 34 | 29 | 2.9% | 6.63% | #78 |
| 2025 | 46 | 44 | 4.4% | 6.44% | #74 |
What West Gate 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 West Gate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 19 | 19 | 0 | 0.0% |
| Lincoln County | 8 | 7 | 1 | 12.5% |
| Brown County | 3 | 3 | 0 | 0.0% |
| Yankton County | 3 | 3 | 0 | 0.0% |
| Turner County | 3 | 3 | 0 | 0.0% |
| Fall River County | 2 | 2 | 0 | 0.0% |
| Union County | 2 | 2 | 0 | 0.0% |
| McCook County | 1 | 1 | 0 | 0.0% |
| Bon Homme County | 1 | 1 | 0 | 0.0% |
| Lawrence 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: 46 applications in 2025, of which 44 were originated and 2 denied.
4.4% of all applications, or 4.4% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans West Gate Bank originated in South Dakota in 2025 was 6.44%, against a statewide median of 6.50%.
About this data. Figures are West Gate 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