Applications / Mortgage Analytics / Lenders / South Dakota / Plains Commerce Bank
Sioux Falls, SD · State non-member bank · FDIC · $1.3 billion assets · 12,504 loans in 2025
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12,504
loans originated, 2025
20,196
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Plains Commerce Bank is a home-purchase lender with national reach: 90.4% of its 12,504 loans were purchases, spread over 51 states, with Florida its largest.
A bank of $1.3 billion in assets, it made 12,504 loans in 1,264 counties. Its lending jumped from 3,375 in 2019 to 18,300 in 2020 and has stayed well above the earlier level since. Against similar lenders (state non-member banks making between a quarter and four times as many loans), it made more loans than nearly nine in ten.
Originations fell 8% in 2025 while the typical similar lender grew 13% and the whole market 10%, lower growth than nearly nine in ten of them, and are down from 20,978 in 2021. With almost all its lending in home purchases, it gains little when refinancing picks up, which may explain part of the gap.
It is still first in Sioux Falls, but its share fell from 19.1% to 15.1%. Local lenders' growth, or its own focus on larger markets such as Phoenix, where its share rose to 0.9%, could account for the fall.
FHA loans (insured by the Federal Housing Administration) were 24.9% of its lending, against 10.5% in 2020 and 4.5% for the typical peer, and conventional loans fell from 81.6% to 66.0%. Its denial rates on first-lien home-purchase (8.5%) and refinance (16.3%) applications on owner-occupied homes were near the middle of similar lenders.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Plains Commerce Bank took 20,196 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 90.4% · Refinance 8.8% · Other 0.4% · Home improvement 0.3%
Conventional 66.0% · FHA 24.9% · VA 8.4% · USDA (RHS or FSA) 0.7% · of 12,504 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 1,839 | 14.7% |
| South Dakota | 1,570 | 12.6% |
| Arizona | 1,203 | 9.6% |
| Texas | 1,036 | 8.3% |
| Utah | 934 | 7.5% |
| Colorado | 484 | 3.9% |
| Georgia | 407 | 3.3% |
| Minnesota | 377 | 3.0% |
| Nebraska | 357 | 2.9% |
| California | 304 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 1,045 |
| Phoenix-Mesa-Chandler | 1,044 |
| Orlando-Kissimmee-Sanford | 355 |
| Salt Lake City-Murray | 323 |
| Denver-Aurora-Centennial | 261 |
| Ogden | 242 |
| Houston-Pasadena-The Woodlands | 231 |
| Lakeland-Winter Haven | 214 |
| Provo-Orem-Lehi | 214 |
| Omaha | 203 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300KJ8PAJ7E52HG32 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 593052 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 31678 | 2007–2017 |
Established 16 July 1931. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Plains Commerce Bank's data.
Plains Commerce Bank's data
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