Applications / Mortgage Analytics / Lenders / South Dakota / Rivers Edge Bank
Marion, SD · State non-member bank · FDIC · $337 million assets · 88 loans in 2025
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88
loans originated, 2025
98
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rivers Edge Bank, a rural South Dakota bank, lends to modest earners more than nine in ten similar banks do: borrowers with low or moderate incomes took 47.3% of its 88 loans in 2025.
That share compares with 27.4% at similar banks (banks of the same type making between half and twice as many loans), higher than at more than nine in ten. Its typical loan was $115,000, against $175,000 at its peers, smaller than at more than four in five. Manufactured homes made up 10.2% of its lending, against 2.8%, which may help explain the small loans.
Most of its markets are rural. It ranked 63 of 239 lenders in non-metro South Dakota and 119 of 465 in non-metro Iowa. Few of its loans, 4.5%, were in low- and moderate-income neighborhoods, against 18.3% at its peers, and none in majority-minority ones. Rural counties with few such neighborhoods may produce shares like these.
Its loans rose 14%, against 9% at similar banks, and have risen every reported year since 2018. In Sioux Falls its share rose from 0.2% to 0.4%, ranking it 44 of 204 lenders; Plains Commerce Bank led there. It filed no HMDA report for 2020 to 2022, so those years are gaps, not years without lending. It was Farmers State Bank until 2017.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 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. Rivers Edge Bank took 98 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 44.3% · Purchase 36.4% · Home improvement 15.9% · Other 3.4%
Conventional 100.0% · of 88 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 | 55 | 62.5% |
| Iowa | 33 | 37.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 40 |
| Sioux City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490034470BYC1MSE16 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 474450 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39935 | 1998–2017 |
Established 1 January 1904. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: Rivers Edge Bank's data.
Rivers Edge Bank's data
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Rivers Edge 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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