First Dakota National Bak

Compiled by PlainLender Editorial, Mortgage Lending Editorial Team · May 16, 2026

Yankton, SD

First Dakota National Bak processed 708 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 573 loans with a 5.9% denial rate. Home Purchase was the primary loan purpose. Based in Yankton, SD. The approval rate of 80.9% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Dakota National Bak's 80.9% origination rate tells you how often an application turned into funded money; the 5.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (612 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

708

Applications

573

Originated

5.9%

Denial Rate

$372,133

Avg Loan Amount

Avg Interest Rate: 6.902% Avg Applicant Income: $35,000

Lending Activity

Type	Applications	Originated	Denied	Avg Loan
Conventional	612	507	28	$391,454
FHA	56	39	9	$233,750
VA	23	13	4	$335,870
USDA	17	14	1	$181,471

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Dakota National Bak (LEI: 549300T1ONVEMLQ4B629) · 2024 Accessed 2026-07-23 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history

Debt-to-income ratio

Collateral

Other

Insufficient cash

Unverifiable information

Mortgage insurance denied

Employment history

Loan Purpose Breakdown

Purpose	Applications	Originated	Avg Loan
Home Purchase	519	432	$352,977
Refinancing	100	86	$628,300
Cash-out Refinancing	39	23	$306,026
Other	26	19	$141,154
Home Improvement	24	13	$76,667

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race	Applications	Approval Rate	Denial Rate
White	603	80.1%	6.0%
Asian *	14	71.4%	14.3%
Joint *	8	62.5%	12.5%
Black or African American *	4	50.0%	0.0%
American Indian or Alaska Native *	2	0.0%	100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity	Applications	Approval Rate	Denial Rate
Not Hispanic or Latino	608	79.4%	6.3%
Hispanic or Latino *	16	75.0%	12.5%
Joint *	2	100.0%	0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in SD

Other HMDA-reporting lenders in SD with similar activity. Compare any two side-by-side.

Plains Commerce Bank

Hoven, SD

23,164 apps 13,605 originated 3.1% denied

First Bank & Trust

Sioux Falls, SD

1,951 apps 1,358 originated 12.6% denied

Black Hills Federal Credit Union

RAPID CITY, SD

1,766 apps 1,019 originated 22.9% denied

Bankwest, INC.

PIERRE, SD

1,663 apps 636 originated 38.6% denied

First Premier Bank

SIOUX FALLS, SD

1,495 apps 909 originated 19.6% denied

Compare First Dakota National Bak vs Plains Commerce Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Dakota National Bak process?

First Dakota National Bak processed 708 mortgage applications in the 2024 HMDA reporting year. Of these, 573 were originated (approved and funded), 87 were withdrawn by the applicant, and 42 were denied.

What is First Dakota National Bak's mortgage approval rate?

First Dakota National Bak has an approval (origination) rate of 80.9%, meaning 80.9% of all applications resulted in a funded mortgage. The denial rate is 5.9%.

What is the average loan amount at First Dakota National Bak?

The average mortgage loan amount at First Dakota National Bak is $372,133. The average interest rate is 6.902%. The average applicant income is $35,000.

What are the most common reasons for mortgage denial at First Dakota National Bak?

The most common reasons for mortgage denial at First Dakota National Bak are: Credit history, Debt-to-income ratio, Collateral. In total, 42 applications were denied out of 708 total applications.

What types of mortgage loans does First Dakota National Bak offer?

First Dakota National Bak processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 612 applications and an average loan amount of $391,454.

What loan purposes does First Dakota National Bak serve?

First Dakota National Bak serves the following loan purposes: Home Purchase (519 applications), Refinancing (100 applications), Cash-out Refinancing (39 applications), Other (26 applications), Home Improvement (24 applications). Home Purchase is the most common purpose.

Where is First Dakota National Bak located?

First Dakota National Bak is headquartered in Yankton, SD. The lender is identified by LEI 549300T1ONVEMLQ4B629 in HMDA data.

How does First Dakota National Bak compare in lending across racial demographics?

First Dakota National Bak reports demographic lending data under HMDA requirements. White applicants have an approval rate of 80.1% and denial rate of 6.0%; Asian applicants have an approval rate of 71.4% and denial rate of 14.3%; Joint applicants have an approval rate of 62.5% and denial rate of 12.5%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.