Third in Sioux Falls, with a rising share
In Sioux Falls it ranked 3 of 204 lenders with 6.7%, up from 6.0%, behind Plains Commerce Bank and First Premier Bank. In non-metro South Dakota it ranked 5 of 239.
Applications / Mortgage Analytics / Lenders / South Dakota / First Dakota National Bank
First Dakota National Bank
Yankton, SD · National bank · OCC · $3.2 billion assets · 633 loans in 2025
First Dakota National Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
633
loans originated, 2025
753
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Dakota National Bank is a South Dakota national bank that ranked third in Sioux Falls, and its 633 loans in 2025 were 10% more than in 2024 as it began lending in markets as far away as Alabama.
New markets in 2025
It first lent in Grand Forks, where it took 1.9% and ranked 17 of 131, and in Florence-Muscle Shoals, with 0.6%. It lent in 15 states in all. Originations rose 10%, against 5% at similar lenders (national banks making between half and twice as many loans) and 10% for the whole market.
Few loans in LMI and majority-minority areas
LMI (low- and moderate-income) areas took 5.7% of its loans, against 15.6% at peers, the lowest share among them, and majority-minority areas 0.2%, against 7.7%. A possible reason is the markets it serves, centred on Sioux Falls and non-metro South Dakota. Its share to LMI borrowers, 26.0%, was the same as at peers.
Lower denial rates
Its denial rate on first-lien home-purchase applications was 4.0%, against 6.2% at peers, and on refinance applications 6.8%, against 14.7%, lower than about nine in ten. Its typical loan, $275,000, was higher than the $185,000 at peers.
Questions the data can answer next
- How did its loans in Grand Forks and Florence-Muscle Shoals split between purchases and refinances?
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
633 loans in 2025, against a peak of 2,060 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Dakota National Bank took 753 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
71.7% of its 2025 loans were purchase loans; 90.8% were Conventional.
Purchase 71.7% · Refinance 23.1% · Other 3.6% · Home improvement 1.6%
Conventional 90.8% · FHA 4.7% · VA 2.4% · USDA (RHS or FSA) 2.1% · of 633 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
15 states, 17 metros, 66 counties
| State | Loans | Share |
|---|---|---|
| South Dakota | 576 | 91.0% |
| Minnesota | 14 | 2.2% |
| Iowa | 13 | 2.1% |
| Nebraska | 12 | 1.9% |
| Colorado | 3 | 0.5% |
| Arizona | 2 | 0.3% |
| Florida | 2 | 0.3% |
| North Dakota | 2 | 0.3% |
| Tennessee | 2 | 0.3% |
| Texas | 2 | 0.3% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Sioux Falls | 294 |
| Sioux City | 21 |
| Rapid City | 5 |
| Dallas-Plano-Irving | 2 |
| Denver-Aurora-Centennial | 2 |
| Minneapolis-St. Paul-Bloomington | 2 |
| Phoenix-Mesa-Chandler | 2 |
| Colorado Springs | 1 |
| Duluth | 1 |
| Fayetteville-Springdale-Rogers | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300T1ONVEMLQ4B629 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 441256 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 12068 | 2004–2017 |
Established 7 December 1872. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: First Dakota National Bank's data.
The data and the software behind these pages
First Dakota National Bank's data
$215
First Dakota National 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.
Buy First Dakota National Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
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.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]