Lenders › Plains Commerce Bank
Plains Commerce Bank
HMDA reporter, headquartered in Hoven, South Dakota. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
In 2024, Plains Commerce Bank filed HMDA records for 23,093 applications and 13,605 originations in 46 states, worth $4.5bn.
Its denial rate, the share of decided applications the lender denied, was 5.0%, below the national rate of 24.3% and below the Florida rate of 29.0%. 8,747 applications were withdrawn by the applicant and 0 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.3 percentage points (national median 0.3); 7.8% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (90%) and refinancing (4%); by loan type, conventional (64%) and FHA (26%).
The largest volumes were in Florida (2,182 originations), South Dakota (1,903 originations) and Arizona (1,057 originations).
Applications were up 5% on 2023.
VA lender statistics list 34 VA-guaranteed loans for the lender in August 2026.
Compared with Florida and the nation
| Measure | This lender | Florida, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 5.0% | 29.0% | 24.3% |
| Median rate spread, percentage points | 0.3 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 7.8% | 16.4% | 15.6% |
| Average originated loan | $327k | $359k | $329k |
| Home purchase share of originations | 90.3% | 62.9% | 57.0% |
| FHA-insured share of originations | 26.4% | 17.7% | 13.4% |
| VA-guaranteed share of originations | 8.9% | 9.5% | 7.9% |
| Applications withdrawn by applicant | 37.9% | 15.9% | 14.3% |
Florida is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderFloridaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 3,676 |
| 2019 | — | — | — | — | — | 5,224 |
| 2020 | — | — | — | — | — | 23,755 |
| 2021 | — | — | — | — | — | 28,455 |
| 2022 | 17,723 | 11,876 | $3.3bn | 3.3% | 0.6 | 17,771 |
| 2023 | 22,030 | 13,492 | $4.4bn | 3.8% | 0.4 | 22,109 |
| 2024 | 23,093 | 13,605 | $4.5bn | 5.0% | 0.3 | 23,164 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 90% (12,291)Home improvement 1% (156)Refinancing 4% (577)Cash-out refinancing 3% (440)Other purpose 1% (141)
By type
Conventional 64% (8,666)FHA 26% (3,593)VA 9% (1,214)USDA 1% (132)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 14,634 | 8,666 | 431 | 2.9% |
| FHA-insured | 6,295 | 3,593 | 255 | 4.1% |
| VA-guaranteed | 1,950 | 1,214 | 32 | 1.6% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 214 | 132 | 4 | 1.9% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 13,605 | 58.7% |
| 2 Application approved but not accepted | 19 | 0.1% |
| 3 Application denied | 722 | 3.1% |
| 4 Application withdrawn by applicant | 8,747 | 37.8% |
| 5 File closed for incompleteness | 0 | 0.0% |
| 6 Purchased loan | 71 | 0.3% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 722 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Florida | 3,908 | 2,182 | $684m | 6.5% | 0.4 |
| South Dakota | 2,607 | 1,903 | $515m | 7.0% | 0.1 |
| Arizona | 1,820 | 1,057 | $399m | 4.7% | 0.2 |
| Texas | 1,809 | 995 | $337m | 4.0% | 0.3 |
| Utah | 1,076 | 678 | $215m | 2.9% | 0.6 |
| Minnesota | 797 | 492 | $131m | 6.6% | 0.7 |
| Colorado | 790 | 454 | $224m | 2.8% | 0.0 |
| Georgia | 681 | 396 | $128m | 2.2% | 0.3 |
| California | 659 | 317 | $132m | 1.5% | 0.3 |
| Virginia | 520 | 277 | $107m | 3.8% | 0.2 |
| Michigan | 514 | 308 | $88m | 2.2% | 0.5 |
| Nebraska | 479 | 306 | $72m | 9.5% | 0.5 |
| Maryland | 433 | 254 | $97m | 3.4% | 0.3 |
| Iowa | 425 | 287 | $50m | 10.3% | 0.5 |
| North Carolina | 417 | 232 | $82m | 1.3% | 0.2 |
| Alabama | 381 | 227 | $63m | 4.6% | 0.5 |
| Nevada | 381 | 230 | $94m | 2.1% | 0.2 |
| New Jersey | 380 | 188 | $89m | 4.1% | 0.1 |
| Missouri | 359 | 212 | $56m | 3.2% | 0.5 |
| Kentucky | 318 | 197 | $55m | 1.0% | 0.4 |
| Pennsylvania | 302 | 179 | $55m | 4.8% | 0.6 |
| Washington | 301 | 181 | $72m | 6.7% | 0.2 |
| Tennessee | 295 | 135 | $50m | 4.3% | 0.3 |
| New York | 292 | 114 | $58m | 12.3% | 0.6 |
| Ohio | 278 | 158 | $43m | 2.5% | 0.5 |
| South Carolina | 271 | 156 | $54m | 6.0% | 0.4 |
| Indiana | 268 | 148 | $35m | 4.5% | 0.7 |
| New Mexico | 240 | 147 | $44m | 3.3% | 0.3 |
| Illinois | 229 | 119 | $30m | 7.8% | 0.7 |
| Kansas | 202 | 107 | $28m | 7.0% | 0.6 |
| Oregon | 191 | 118 | $51m | 2.5% | 0.3 |
| Idaho | 181 | 98 | $42m | 1.0% | -0.1 |
| Montana | 165 | 105 | $48m | 5.4% | 0.1 |
| Wyoming | 140 | 85 | $22m | 2.3% | 0.3 |
| Arkansas | 137 | 77 | $23m | 2.5% | 0.2 |
| Hawaii | 107 | 59 | $37m | 10.6% | -0.2 |
| Wisconsin | 104 | 61 | $18m | 3.2% | 0.6 |
| Louisiana | 97 | 67 | $15m | 4.3% | 0.6 |
| Massachusetts | 90 | 50 | $21m | 0.0% | 0.5 |
| Alaska | 68 | 43 | $16m | 0.0% | 0.3 |
| North Dakota | 68 | 30 | $8.2m | 9.1% | 0.3 |
| Connecticut | 67 | 40 | $16m | 4.8% | 0.4 |
| New Hampshire | 53 | 36 | $14m | 0.0% | 0.2 |
| Oklahoma | 50 | 23 | $6.5m | 8.0% | — |
| Delaware | 49 | 26 | $9.2m | 0.0% | — |
| Mississippi | 25 | 13 | $3.5m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Minnehaha County | SD | 1,163 | 867 | $242m | 5.7% |
| Maricopa County | AZ | 1,373 | 792 | $310m | 4.3% |
| Lincoln County | SD | 482 | 357 | $101m | 7.5% |
| Polk County | FL | 423 | 278 | $74m | 6.1% |
| Salt Lake County | UT | 359 | 215 | $75m | 3.6% |
| Miami-Dade County | FL | 395 | 172 | $69m | 12.2% |
| Broward County | FL | 311 | 168 | $51m | 7.2% |
| Orange County | FL | 270 | 167 | $58m | 6.2% |
| Clark County | NV | 268 | 164 | $64m | 2.4% |
| Pennington County | SD | 227 | 157 | $48m | 3.7% |
| Utah County | UT | 234 | 149 | $49m | 1.3% |
| Brevard County | FL | 204 | 110 | $33m | 8.3% |
| Harris County | TX | 220 | 107 | $32m | 10.1% |
| Duval County | FL | 183 | 106 | $31m | 0.9% |
| Pinal County | AZ | 179 | 106 | $36m | 7.0% |
| Davison County | SD | 125 | 104 | $20m | 5.5% |
| Hillsborough County | FL | 208 | 103 | $34m | 1.9% |
| Tarrant County | TX | 178 | 96 | $32m | 4.0% |
| Douglas County | NE | 140 | 84 | $23m | 8.7% |
| Pinellas County | FL | 136 | 83 | $27m | 7.8% |
| Palm Beach County | FL | 158 | 82 | $30m | 9.9% |
| Volusia County | FL | 123 | 82 | $24m | 3.5% |
| El Paso County | CO | 131 | 80 | $35m | 3.6% |
| Oakland County | MI | 118 | 78 | $23m | 0.0% |
| Hennepin County | MN | 118 | 78 | $26m | 7.1% |
| Weber County | UT | 115 | 76 | $20m | 7.3% |
| Davis County | UT | 114 | 75 | $25m | 1.3% |
| Seminole County | FL | 105 | 74 | $24m | 3.9% |
| Pima County | AZ | 128 | 73 | $24m | 3.9% |
| Lee County | FL | 154 | 72 | $19m | 8.9% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 34 | 31 | 3 | 0 |
| Jul 2026 | 55 | 50 | 4 | 1 |
| Jun 2026 | 71 | 65 | 2 | 4 |
| May 2026 | 83 | 62 | 10 | 11 |
| Apr 2026 | 77 | 56 | 5 | 16 |
| Mar 2026 | 83 | 67 | 4 | 12 |
| Feb 2026 | 47 | 29 | 8 | 10 |
| Jan 2026 | 35 | 29 | 5 | 1 |
| Dec 2025 | 68 | 56 | 3 | 9 |
| Nov 2025 | 54 | 44 | 0 | 10 |
| Oct 2025 | 60 | 47 | 1 | 12 |
| Sep 2025 | 60 | 51 | 5 | 4 |
Fiscal-year totals (VA): FY2018 29,600,751 · FY2019 33,548,438 · FY2020 129,870,456 · FY2021 435,004,932 · FY2022 303,756,952 · FY2023 620,937,215 · FY2024 420,451,486 · FY2025 503,278,380. Matched to the VA lender name "PLAINS COMMERCE BANK"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Plains Commerce Bank originate in 2024?
13,605 loans totalling $4.5bn, from 23,093 applications reported under HMDA. It also purchased 71 loans from other institutions, which are counted separately.
What is Plains Commerce Bank's denial rate and how does it compare?
5.0% of decided applications were denied in 2024, against 24.3% nationally and 29.0% in Florida. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Plains Commerce Bank lend in most?
By originations: Minnehaha County, SD (867), Maricopa County, AZ (792), Lincoln County, SD (357), Polk County, FL (278) and Salt Lake County, UT (215).
What loan types does Plains Commerce Bank make?
Conventional 8,666, FHA 3,593, VA 1,214 and USDA 132 originations in 2024; by purpose, home purchase 12,291, home improvement 156, refinancing 577, cash-out refinancing 440 and other purpose 141.
What reasons did Plains Commerce Bank report for denials?
The first denial reason recorded most often was debt-to-income ratio (318), credit history (156) and collateral (114), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.