PlainLender

FIRST NATIONAL BANK

PIERRE, SD

FIRST NATIONAL BANK processed 293 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 214 loans with a 9.6% denial rate. Home Purchase was the primary loan purpose. Based in PIERRE, SD. The approval rate of 73.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FIRST NATIONAL BANK processed 293 HMDA-reported mortgage applications in 2024, originating 214 loans and denying 28 for a denial rate of 9.6% (applicants themselves withdrew 51 files before a decision). The average loan amount was $271,041. The lender reports under LEI 254900OD9TDRYGWJ0N48 from PIERRE, SD.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 NATIONAL BANK's 73.0% origination rate tells you how often an application turned into funded money; the 9.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (247 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.

293
Applications
214
Originated
9.6%
Denial Rate
$271,041
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 247 182 20 $275,364
FHA 36 24 7 $222,500
VA 9 7 1 $366,111
USDA 1 1 0 $95,000

Top loan types — FIRST NATIONAL BANK

Top loan types — FIRST NATIONAL BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — FIRST NATIONAL BANK Top 4 1. Conventional 247 2. FHA 36 3. VA 9 4. USDA 1 Top 5 loan types by application volume at FIRST NATIONAL BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FIRST NATIONAL BANK (LEI: 254900OD9TDRYGWJ0N48) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
9
Collateral
9
Other
8
Credit history
5
Insufficient cash
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 225 174 $272,644
Refinancing 31 20 $384,677
Cash-out Refinancing 24 9 $188,750
Home Improvement 11 10 $128,636
Other 2 1 $100,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 206 71.8% 8.3%
Asian 21 47.6% 28.6%
Joint 9 77.8% 0.0%
American Indian or Alaska Native 4 75.0% 25.0%
Black or African American 4 75.0% 25.0%
Native Hawaiian or Other Pacific Islander 1 100.0% 0.0%

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 216 73.6% 9.7%
Hispanic or Latino 11 45.5% 9.1%
Joint 5 60.0% 0.0%

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 NATIONAL BANK vs Plains Commerce Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did FIRST NATIONAL BANK process?
FIRST NATIONAL BANK processed 293 mortgage applications in the 2023 HMDA reporting year. Of these, 214 were originated (approved and funded), 51 were withdrawn by the applicant, and 28 were denied.
What is FIRST NATIONAL BANK's mortgage approval rate?
FIRST NATIONAL BANK has an approval (origination) rate of 73.0%, meaning 73.0% of all applications resulted in a funded mortgage. The denial rate is 9.6%.
What is the average loan amount at FIRST NATIONAL BANK?
The average mortgage loan amount at FIRST NATIONAL BANK is $271,041.
What are the most common reasons for mortgage denial at FIRST NATIONAL BANK?
The most common reasons for mortgage denial at FIRST NATIONAL BANK are: Debt-to-income ratio, Collateral, Other. In total, 28 applications were denied out of 293 total applications.
What types of mortgage loans does FIRST NATIONAL BANK offer?
FIRST NATIONAL BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 247 applications and an average loan amount of $275,364.
What loan purposes does FIRST NATIONAL BANK serve?
FIRST NATIONAL BANK serves the following loan purposes: Home Purchase (225 applications), Refinancing (31 applications), Cash-out Refinancing (24 applications), Home Improvement (11 applications), Other (2 applications). Home Purchase is the most common purpose.
Where is FIRST NATIONAL BANK located?
FIRST NATIONAL BANK is headquartered in PIERRE, SD. The lender is identified by LEI 254900OD9TDRYGWJ0N48 in HMDA data.
How does FIRST NATIONAL BANK compare in lending across racial demographics?
FIRST NATIONAL BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.8% and denial rate of 8.3%; Asian applicants have an approval rate of 47.6% and denial rate of 28.6%; Joint applicants have an approval rate of 77.8% and denial rate of 0.0%. 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.