Applications / Mortgage Analytics / Lenders / South Dakota / First Western Federal Savings Bank
Rapid City, SD · Savings institution · OCC · $66.7 million assets · 42 loans in 2025
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42
loans originated, 2025
61
applications, 2025
24
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Western Federal Savings Bank, a small Rapid City savings institution, makes small purchase loans scattered across 24 states, far more of them in low- and moderate-income (LMI) neighborhoods than at similar lenders.
Purchases made up 90.5% of its loans, all conventional. Its typical loan, $105,000, was lower than at almost all similar lenders (savings institutions making between half and twice as many loans), whose typical loan was $245,000. It made no jumbo loans, those larger than the conforming limit.
Its 42 loans fell in 34 metros; North Carolina was its main state. In no market shown did its share exceed 0.1%. In the largest, Charlottesville, it ranked 208 of 337.
LMI areas took 39.0% of its loans, against 16.7% at peers, a higher share than at about nine in ten. Majority-minority areas took 38.1%, against 7.7%. Both shares have held near these levels since 2020. Its share of loans to LMI borrowers is not available.
Its loans rose 2%, while peers' were flat and the market rose 10%. The count has held between 41 and 45 since 2023, below the 88 of 2020 and the 132 of 2021.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Western Federal Savings Bank took 61 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 90.5% · Refinance 7.1% · Home improvement 2.4%
Conventional 100.0% · of 42 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 |
|---|---|---|
| North Carolina | 5 | 11.9% |
| Ohio | 4 | 9.5% |
| Virginia | 4 | 9.5% |
| South Carolina | 3 | 7.1% |
| Arizona | 2 | 4.8% |
| Florida | 2 | 4.8% |
| Illinois | 2 | 4.8% |
| Pennsylvania | 2 | 4.8% |
| Tennessee | 2 | 4.8% |
| Texas | 2 | 4.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Charlottesville | 3 |
| Charlotte-Concord-Gastonia | 2 |
| Cleveland | 2 |
| Greenville-Anderson-Greer | 2 |
| Memphis | 2 |
| Tucson | 2 |
| Austin-Round Rock-San Marcos | 1 |
| Baltimore-Columbia-Towson | 1 |
| Bend | 1 |
| Birmingham | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300N1R0R39PYT7O68 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 715470 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 47674 | 1990–1998 |
| Respondent ID (the HMDA filer code before 2018) | 1707674 | 2016–2017 |
Established 6 June 1979. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First Western Federal Savings Bank's data.
First Western Federal Savings Bank's data
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First Western Federal Savings 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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