Lenders › Central Bank › South Dakota
Central Bank in South Dakota
HMDA record for properties in South Dakota, calendar year 2024. National record · South Dakota overview
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. Cells under 25 applications are withheld.
In South Dakota, Central Bank reported 263 applications and 204 originations for 2024, $60m in all.
Its denial rate in the state was 8.4%, below the South Dakota rate of 17.0% across all lenders and compared with the lender's national rate of 6.6%.
The median rate spread on its South Dakota originations was 0.0 percentage points (state median 0.2).
Applications in the state were down 5% on 2023.
Compared with the state and the lender's national record
| Measure | In South Dakota | South Dakota, all lenders | Central Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 8.4% | 17.0% | 6.6% | 24.3% |
| Median rate spread, pp | 0.0 | 0.2 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 1.1% | 13.0% | 1.9% | 15.6% |
| Average originated loan | $296k | $256k | $235k | $329k |
| Home purchase share | 64.7% | 60.0% | 66.4% | 57.0% |
| FHA-insured share | 2.0% | 13.0% | 1.8% | 13.4% |
| VA-guaranteed share | 0.5% | 9.5% | 0.5% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateSouth Dakota, all lenders
Loan purpose and loan type in South Dakota
By purpose
Home purchase 65% (132)Home improvement 9% (19)Refinancing 11% (23)Cash-out refinancing 7% (15)Other purpose 7% (15)
By type
Conventional 98% (199)FHA 2% (4)VA 0% (1)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in South Dakota
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 99 | 83 | $21m | 4.5% |
| Lincoln County | 59 | 45 | $12m | 8.2% |
| Union County | 53 | 40 | $14m | 12.8% |
| Brookings County | 30 | 22 | $6.6m | 4.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Central Bank originate in South Dakota in 2024?
204 loans totalling $60m, from 263 applications reported for properties in South Dakota.
What is Central Bank's denial rate in South Dakota?
8.4% of decided applications in South Dakota were denied, against 17.0% for all lenders in the state and 6.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which South Dakota counties does Central Bank lend in most?
By originations: Minnehaha County (83), Lincoln County (45), Union County (40), Brookings County (22).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in South Dakota. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.