Applications / Mortgage Analytics / Lenders / South Dakota / First National Bank
Fort Pierre, SD · National bank · OCC · $2.1 billion assets · 314 loans in 2025
First National Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
314
loans originated, 2025
395
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First National Bank, a South Dakota national bank, makes government-backed loans that most similar banks hardly touch, and its lending rose 47% in a year when it merged with another bank.
Its 314 loans in 2025 were 47% more than in 2024, a faster rise than at more than nine in ten similar lenders (national banks making between half and twice as many loans). Those lenders grew 5%. It merged with Wyoming Bank & Trust in 2025, one possible source of the growth. It still made far fewer loans than the 824 of 2020.
Loans insured by the Federal Housing Administration (FHA) made up 10.5% of its book, and loans guaranteed by the Department of Veterans Affairs (VA) 7.3%. The typical similar lender made none of either. Home purchases were 73.9% of its loans, and its typical loan, $275,000, was larger than peers' $185,000.
In Rapid City, SD its share rose to 2.1% from 1.2%, ranking it 14 of 181. In Cheyenne, WY it jumped from 0.0% to 1.1%. The merged bank's filings count as its own in these figures, which may explain the jump.
Low- and moderate-income (LMI) borrowers took 36.7% of its loans, against 26.0% at similar lenders, a higher share than at almost nine in ten of them. Five years earlier the figure was 18.8%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First National Bank took 395 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 73.9% · Refinance 22.0% · Home improvement 2.2% · Other 1.9%
Conventional 81.5% · FHA 10.5% · VA 7.3% · USDA (RHS or FSA) 0.6% · of 314 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 | 189 | 60.2% |
| Wyoming | 40 | 12.7% |
| Colorado | 39 | 12.4% |
| Minnesota | 25 | 8.0% |
| Arizona | 3 | 1.0% |
| Iowa | 3 | 1.0% |
| Florida | 2 | 0.6% |
| Illinois | 2 | 0.6% |
| Nebraska | 2 | 0.6% |
| Wisconsin | 2 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rapid City | 57 |
| Cheyenne | 33 |
| Minneapolis-St. Paul-Bloomington | 18 |
| Greeley | 16 |
| Fort Collins-Loveland | 11 |
| Denver-Aurora-Centennial | 9 |
| Sioux Falls | 5 |
| Davenport-Moline-Rock Island | 3 |
| Phoenix-Mesa-Chandler | 3 |
| Colorado Springs | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900OD9TDRYGWJ0N48 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 355858 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 114252 | 1998–2017 |
Established 1 January 1934. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: First National Bank's data.
First National Bank's data
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