Applications / Mortgage Analytics / Lenders / South Dakota / Quoin Financial Bank
Miller, SD · State non-member bank · FDIC · $242 million assets · 42 loans in 2025
Quoin Financial Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
42
loans originated, 2025
58
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Quoin Financial Bank, a small South Dakota bank, lifted its lending from 25 loans to 42 in 2025, a faster rise than at almost every bank its size.
It made 42 loans in 2025, up from 25, while similar lenders, state non-member banks making between half and twice as many loans, grew by 2%. That growth was faster than at more than nine in ten of them. It filed no HMDA report for 2018 through 2022, so its recent record covers only three years, and with so few loans a single year can swing widely.
Its loan count was below most peers', yet it lent $20.7 million, more than nearly three-quarters of them, against a peer figure of $12.5 million. Its typical loan was $195,000, against $165,000 for peers. More than half its loans financed a purchase and 38.1% were refinancings.
Sioux Falls is its biggest market. It has lent there since 2009, ranks 31 of 204 lenders and lifted its share from 0.5% to 0.8%. In 2025 it also made its first loans in Mankato, Minnesota.
The bank took its present name in 2007; it was First State Bank of Miller before that. It first reported under HMDA in 2009.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Quoin Financial Bank took 58 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 54.8% · Refinance 38.1% · Other 7.1%
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 |
|---|---|---|
| South Dakota | 41 | 97.6% |
| Minnesota | 1 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 29 |
| Mankato | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003FRXPF7VWOYZ40 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 592550 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315629 | 2009–2016 |
Established 1 January 1938. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Quoin Financial Bank's data.
Quoin Financial Bank's data
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Quoin Financial 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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