Finance Atlas

Banking & Mortgage-Lending Access in South Dakota

221 FDIC-insured institutions (56 currently active) are recorded in South Dakota in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 17.5% in South Dakota.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

221
FDIC institutions (total)
56
Currently active
17.5%
Overall denial rate (HMDA 2024)
15,894
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in South Dakota?

FDIC BankFind records 221 FDIC-insured institutions (all historical) in South Dakota, of which 56 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 221
Currently active 56

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in South Dakota?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for South Dakota:

Charter class Description Count
NM State non-member bank (Fed non-member) 117
N National bank (OCC-chartered) 56
SM State member bank (Fed member) 30
SB Savings bank (state-chartered) 9
SL Savings institution (state-chartered S&L) 9

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in South Dakota? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 17.5% in South Dakota. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 17.5%
White applicants 15.8%
Black applicants 30.6%
Black/White denial rate ratio 1.94x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=SD

Mortgage origination volume in South Dakota (2024)

HMDA 2024 data record 15,894 originated mortgage loans in South Dakota , totaling $4.1B , with an average loan size of $256,186.

Metric Value
Originated loans (2024) 15,894
Total origination volume $4.1B
Average loan size $256,186

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=SD

Data exported June 20, 2026 · content hash 851e57c02f2cfc8d · machine-readable brief: /finance/states/sd/context.md

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