Applications / Mortgage Analytics / Lenders / South Dakota / Pioneer Bank & Trust
Belle Fourche, SD · State non-member bank · FDIC · $1.0 billion assets · 139 loans in 2025
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139
loans originated, 2025
192
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Pioneer Bank & Trust is a South Dakota purchase lender that makes bigger loans than most banks its size, and far more of them are backed by the government.
Its typical loan was $325,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans), larger than at more than nine in ten of them. Its dollar total, $52.7 million, was higher than peers' $35.6 million. Home purchases made up 79.1% of its loans.
Loans insured by the Federal Housing Administration (FHA) were 7.2% of its lending and those guaranteed by the Department of Veterans Affairs (VA) 7.9%; peers made 0.0% of each. Manufactured homes took 12.2%, against 2.9%, more than at about four in five similar lenders.
Low- and moderate-income (LMI) borrowers took 18.3% of its loans, against 28.0% at peers, fewer than at about four in five similar lenders. Its larger typical loan, which may go to higher-income buyers, is one possible reason. LMI areas took 15.8%, against 17.5%.
Its loans rose 4%, from 134 to 139, against 9% at peers; in 2020 it made 376. In Rapid City, where it has lent since at least 1990, it ranked 17 of 181 with 2.0% of the market, down from 2.1%. CMG Mortgage leads there. In 2025 it first lent in Fargo, Grand Junction and Virginia Beach-Chesapeake-Norfolk.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Pioneer Bank & Trust took 192 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 79.1% · Refinance 17.3% · Home improvement 2.2% · Other 1.4%
Conventional 84.2% · VA 7.9% · FHA 7.2% · USDA (RHS or FSA) 0.7% · of 139 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 | 130 | 93.5% |
| Wyoming | 4 | 2.9% |
| Arizona | 2 | 1.4% |
| Colorado | 1 | 0.7% |
| North Dakota | 1 | 0.7% |
| Virginia | 1 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rapid City | 58 |
| Phoenix-Mesa-Chandler | 2 |
| Sioux Falls | 2 |
| Fargo | 1 |
| Grand Junction | 1 |
| Virginia Beach-Chesapeake-Norfolk | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900CYWJYH3ES8BV63 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 65559 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 265559 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 315562 | 2011–2017 |
Established 30 August 1937. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Pioneer Bank & Trust's data.
Pioneer Bank & Trust's data
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Pioneer Bank & Trust 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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