Applications / Mortgage Analytics / Lenders / South Dakota / Dacotah Bank
Aberdeen, SD · State member bank · FRS · $4.8 billion assets · 578 loans in 2025
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578
loans originated, 2025
680
applications, 2025
12
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Dacotah Bank is a South Dakota purchase lender with more government-backed loans than most similar banks, ranking 6 of 239 lenders in non-metro South Dakota.
RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) were 2.2% of its loans, more than at nearly all similar lenders (state member banks making between half and twice as many loans). VA loans (guaranteed by the Department of Veterans Affairs) were 4.3% and FHA loans (insured by the Federal Housing Administration) 7.6%; peers' typical share of each was 0.0%. Home purchases were 68.5% of its loans.
LMI (low- and moderate-income) borrowers took 36.5% of its loans, against 27.4% at peers, higher than more than four in five. Loans in LMI areas were 9.5%, among the lowest tenth; its largest market is non-metro South Dakota, which is one possible reason.
Its share rose 0.6 points to 3.2% in Rapid City, where it ranked 9 of 181 lenders, and 0.2 points to 0.8% in Sioux Falls. In Fargo it fell 0.2 points to 0.4%, with a small share where a few loans make a difference.
Originations rose 3% to 578, while similar lenders grew 7% and the whole market 10%. That is well below its 1,288 loans of 2020, when its typical rate was 2.88%.
Questions the data can answer next
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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Dacotah Bank took 680 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.5% · Refinance 18.9% · Home improvement 7.4% · Other 5.2%
Conventional 85.8% · FHA 7.6% · VA 4.3% · USDA (RHS or FSA) 2.2% · of 578 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 |
|---|---|---|
| South Dakota | 433 | 74.9% |
| North Dakota | 109 | 18.9% |
| Minnesota | 21 | 3.6% |
| Arizona | 4 | 0.7% |
| Colorado | 2 | 0.3% |
| Iowa | 2 | 0.3% |
| Nebraska | 2 | 0.3% |
| Arkansas | 1 | 0.2% |
| Michigan | 1 | 0.2% |
| Missouri | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rapid City | 74 |
| Sioux Falls | 63 |
| Fargo | 23 |
| Minot | 20 |
| Bismarck | 8 |
| Phoenix-Mesa-Chandler | 4 |
| Sioux City | 3 |
| Fort Collins-Loveland | 2 |
| Minneapolis-St. Paul-Bloomington | 2 |
| Omaha | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300UQPFB0RR8JCA42 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 256553 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2256553 | 1992–2017 |
Established 30 April 1955. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Dacotah Bank's data.
Dacotah Bank's data
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