Second in Sioux Falls
It ranked 2 of 204 lenders in Sioux Falls, behind Plains Commerce Bank, with a 7.9% share against 7.8% the year before; it has lent there since 1996. It ranked 8 of 239 in non-metro South Dakota.
Applications / Mortgage Analytics / Lenders / South Dakota / First Premier Bank
First Premier Bank
Sioux Falls, SD · State member bank · FRS · $4.2 billion assets · 977 loans in 2025
First Premier Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
977
loans originated, 2025
1,511
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Premier Bank is a South Dakota home-purchase lender that ranked 2 of 204 lenders in Sioux Falls in 2025 and makes more government-backed loans than similar banks.
More FHA and VA lending than similar banks
Loans insured by the Federal Housing Administration (FHA) were 11.3% of its loans, against 1.8% at similar lenders (state member banks making between half and twice as many loans), higher than about nine in ten of them. Loans guaranteed by the Department of Veterans Affairs (VA) were 3.1%, against 0.5%. Low- and moderate-income (LMI) borrowers took 32.4%, against 28.1%, higher than about seven in ten peers.
Growth in line with peers, below its 2020 level
Originations rose 7% to 977, the same as the typical similar lender's 7%, while the whole market grew 10%. They remain well below the 2,419 of 2020. Home purchases were 51.7% of its loans and home improvement 15.8%.
No loans in majority-minority areas
None of its loans, 0.0%, were in majority-minority areas, against 7.4% at peers, the lowest among them. Its largest markets are in South Dakota and Iowa, and the make-up of those areas is one possible reason.
Questions the data can answer next
- Which lenders gained share in Sioux Falls in 2025, and in which counties?
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
977 loans in 2025, against a peak of 2,419 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Premier Bank took 1,511 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
51.7% of its 2025 loans were purchase loans; 85.3% were Conventional.
Purchase 51.7% · Refinance 25.3% · Home improvement 15.8% · Other 7.3%
Conventional 85.3% · FHA 11.3% · VA 3.1% · USDA (RHS or FSA) 0.4% · of 977 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
5 states, 7 metros, 48 counties
| State | Loans | Share |
|---|---|---|
| South Dakota | 942 | 96.4% |
| Iowa | 18 | 1.8% |
| Minnesota | 12 | 1.2% |
| Arizona | 3 | 0.3% |
| Nebraska | 2 | 0.2% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Sioux Falls | 681 |
| Sioux City | 12 |
| Rapid City | 4 |
| Phoenix-Mesa-Chandler | 2 |
| Des Moines-West Des Moines | 1 |
| Lake Havasu City-Kingman | 1 |
| Omaha | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Z77WUYJM3QG591 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 374653 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2374653 | 1996–2017 |
Established 1 January 1914. Reported under HMDA 1996-2025.
Mergers, name changes, data editions and corrections: First Premier Bank's data.
The data and the software behind these pages
First Premier Bank's data
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First Premier Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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