Applications / Mortgage Analytics / Lenders / South Dakota / First National Bank
Oldham, SD · National bank · OCC · $462 million assets · 37 loans in 2025
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37
loans originated, 2025
48
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First National Bank, based in Oldham, South Dakota, is a small bank that lends mainly in Minnesota, and its loans rose 19% in 2025 while similar lenders' fell.
It made 37 loans, up from 31, while similar lenders (national banks making between half and twice as many loans) made 2% fewer and the market grew by 10%. It has reported only for 2023 to 2025; 2018 to 2022 are gaps in the record, not years without lending.
Low- and moderate-income (LMI) borrowers took 55.2% of its loans, against 24.2% at similar lenders, higher than almost all of them. With 37 loans, a few can move that share, so it needs more years before it reads as a settled pattern.
Purchases made up 51.4% of its loans and refinances 29.7%, with home improvement at 13.5%. All were conventional. Its typical loan was $105,000, against $175,000 at similar lenders, lower than more than four in five of them.
Its loans spread over 18 counties in 5 states. In Rochester, MN it ranked 94 of 276 lenders, with 0.1% of the market, and in Minneapolis-St. Paul-Bloomington 373 of 688. In 2025 it first lent in State College, PA.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First National Bank took 48 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 51.4% · Refinance 29.7% · Home improvement 13.5% · Other 5.4%
Conventional 100.0% · of 37 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 |
|---|---|---|
| Minnesota | 26 | 70.3% |
| Iowa | 6 | 16.2% |
| Illinois | 2 | 5.4% |
| South Dakota | 2 | 5.4% |
| Pennsylvania | 1 | 2.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rochester | 9 |
| Davenport-Moline-Rock Island | 6 |
| Minneapolis-St. Paul-Bloomington | 6 |
| State College | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900RND4J0SY320F06 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 944355 | 2004–2016 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 91204255 | 2023–2023 |
| Respondent ID (the HMDA filer code before 2018) | 121793 | 1994–2016 |
Established 15 February 1985. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: First National Bank's data.
First National Bank's data
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First 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.
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