Applications / Mortgage Analytics / Lenders / South Dakota / Security Savings Bank
Canton, SD · State non-member bank · FDIC · $533 million assets · 63 loans in 2025
Security Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
63
loans originated, 2025
76
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Savings Bank, a small South Dakota lender, grew its lending by 54% in 2025, faster than about nine in ten similar banks.
Its loans rose from 41 to 63. The typical similar lender, a state non-member bank making between half and twice as many loans, grew by 9%, and the whole market by 10%. The jump looks more like a recovery than a break: the bank made 62 loans in 2022 before slipping. It filed no report for 2020 or 2021, so those years are gaps, not lean ones.
Sioux Falls is its largest market, and there its share rose from 0.3% to 0.6%. That still leaves it 37 of 204 lenders, far behind Plains Commerce Bank and First Premier Bank. Its typical loan rose to $185,000, a little above the $165,000 at similar banks.
Every loan was conventional, with no government backing. Purchases made up 55.6% and refinancing 30.2%. Lending to low- and moderate-income (LMI) borrowers, at 25.6%, sat near the middle of its peers. It made no loans in majority-minority neighborhoods, against 6.7% at similar banks. One possible reason is its footprint: just 12 counties in three states, where such neighborhoods may be scarce.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Security Savings Bank took 76 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.6% · Refinance 30.2% · Home improvement 12.7% · Other 1.6%
Conventional 100.0% · of 63 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 | 36 | 57.1% |
| Minnesota | 14 | 22.2% |
| Iowa | 13 | 20.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 40 |
| Ames | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300R92KASZD16MT49 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 811747 | 2012–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315734 | 2012–2017 |
Established 14 June 1920. Reported under HMDA 2012-2025.
Mergers, name changes, data editions and corrections: Security Savings Bank's data.
Security Savings Bank's data
$215
Security 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.
Buy Security Savings Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]