Bankwest, Inc. Mortgage Lending & HMDA Data, 2025

In 2025, Bankwest, Inc. of Pierre, SD reported 1,776 mortgage applications totaling $260.2 million, up 7% from 2024. The average application was for $146,531, and applicants reported an average income of $91,926. 37% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (344), Rapid City, SD (150) and Sioux Falls, SD (106) (applications in parentheses).

Mortgage Company & Address Bankwest, Inc.
420 S. Pierre Street, Po Box 998
Pierre, SD 57501
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 1,776
Total Mortgage Loan Application Amount $260,240,000
Average Mortgage Loan Application Amount $146,531
Highest Mortgage Loan Application Amount $13,195,000
Average Applicant Income $91,926
Highest Applicant Income $3,240,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankwest, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Bankwest, Inc. by County in 2025

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hughes, South Dakota 150 $ 30,750,000 $ 205,000 $ 97,000
Pennington, South Dakota 108 $ 19,950,000 $ 184,722 $ 87,000
Anoka, Minnesota 85 $ 6,835,000 $ 80,411 $ 74,000
Dakota, Minnesota 70 $ 5,450,000 $ 77,857 $ 69,000
Minnehaha, South Dakota 70 $ 28,130,000 $ 401,857 $ 93,000
Washington, Minnesota 56 $ 4,520,000 $ 80,714 $ 70,000
Ramsey, Minnesota 43 $ 4,215,000 $ 98,023 $ 73,000
Lawrence, South Dakota 39 $ 8,815,000 $ 226,025 $ 130,000
Wright, Minnesota 38 $ 3,070,000 $ 80,789 $ 71,000
Davison, South Dakota 36 $ 12,060,000 $ 335,000 $ 225,000
Stanley, South Dakota 35 $ 5,605,000 $ 160,142 $ 91,000
Meade, South Dakota 28 $ 3,210,000 $ 114,642 $ 98,000
Lincoln, South Dakota 25 $ 3,405,000 $ 136,200 $ 72,000
Lake, South Dakota 22 $ 5,780,000 $ 262,727 $ 126,000
Blue Earth, Minnesota 21 $ 1,655,000 $ 78,809 $ 63,000
Olmsted, Minnesota 18 $ 1,130,000 $ 62,777 $ 77,000
St. Louis, Minnesota 17 $ 1,495,000 $ 87,941 $ 75,000
Gregory, South Dakota 17 $ 1,955,000 $ 115,000 $ 89,000
Walworth, South Dakota 17 $ 2,825,000 $ 166,176 $ 107,000
McLeod, Minnesota 15 $ 1,235,000 $ 82,333 $ 62,000
Scott, Minnesota 15 $ 1,395,000 $ 93,000 $ 65,000
Butte, South Dakota 15 $ 2,205,000 $ 147,000 $ 76,000
Tripp, South Dakota 15 $ 3,195,000 $ 213,000 $ 134,000
Custer, South Dakota 14 $ 3,160,000 $ 225,714 $ 103,000
Chisago, Minnesota 13 $ 1,015,000 $ 78,076 $ 55,000
Crow Wing, Minnesota 13 $ 1,155,000 $ 88,846 $ 60,000
Lyman, South Dakota 13 $ 1,285,000 $ 98,846 $ 82,000
Clay, Minnesota 12 $ 370,000 $ 30,833 $ 86,000
Nicollet, Minnesota 12 $ 940,000 $ 78,333 $ 84,000
Stark, North Dakota 12 $ 2,090,000 $ 174,166 $ 97,000
Brookings, South Dakota 12 $ 1,890,000 $ 157,500 $ 99,000
Brown, South Dakota 12 $ 1,500,000 $ 125,000 $ 84,000
Hutchinson, South Dakota 12 $ 1,550,000 $ 129,166 $ 100,000
Sully, South Dakota 12 $ 1,450,000 $ 120,833 $ 71,000
Stearns, Minnesota 11 $ 705,000 $ 64,090 $ 53,000
Williams, North Dakota 11 $ 1,905,000 $ 173,181 $ 134,000
Goodhue, Minnesota 10 $ 900,000 $ 90,000 $ 110,000
Douglas, South Dakota 9 $ 1,135,000 $ 126,111 $ 63,000
Isanti, Minnesota 8 $ 640,000 $ 80,000 $ 57,000
Grand Forks, North Dakota 8 $ 550,000 $ 68,750 $ 68,000
Aurora, South Dakota 8 $ 1,350,000 $ 168,750 $ 96,000
Benton, Minnesota 7 $ 635,000 $ 90,714 $ 56,000
Sherburne, Minnesota 7 $ 715,000 $ 102,142 $ 63,000
Lewis and Clark, Montana 7 $ 605,000 $ 86,428 $ 142,000
Lincoln, Nebraska 7 $ 655,000 $ 93,571 $ 103,000
McKenzie, North Dakota 7 $ 2,245,000 $ 320,714 $ 123,000
Codington, South Dakota 7 $ 675,000 $ 96,428 $ 121,000
Haakon, South Dakota 7 $ 945,000 $ 135,000 $ 60,000
McCook, South Dakota 7 $ 1,155,000 $ 165,000 $ 95,000
Moody, South Dakota 7 $ 1,665,000 $ 237,857 $ 207,000
Cass, North Dakota 6 $ 360,000 $ 60,000 $ 84,000
Brule, South Dakota 6 $ 1,310,000 $ 218,333 $ 108,000
Fall River, South Dakota 6 $ 1,530,000 $ 255,000 $ 106,000
Jones, South Dakota 6 $ 1,480,000 $ 246,666 $ 136,000
Yankton, South Dakota 6 $ 540,000 $ 90,000 $ 137,000
Crook, Wyoming 6 $ 1,140,000 $ 190,000 $ 122,000
Story, Iowa 5 $ 295,000 $ 59,000 $ 76,000
Freeborn, Minnesota 5 $ 255,000 $ 51,000 $ 41,000
Hennepin, Minnesota 5 $ 445,000 $ 89,000 $ 72,000
Todd, South Dakota 5 $ 835,000 $ 167,000 $ 108,000
Weston, Wyoming 5 $ 2,425,000 $ 485,000 $ 288,000
Carver, Minnesota 4 $ 330,000 $ 82,500 $ 84,000
Winona, Minnesota 4 $ 140,000 $ 35,000 $ 67,000
Box Butte, Nebraska 4 $ 150,000 $ 37,500 $ 86,000
Douglas, Nebraska 4 $ 280,000 $ 70,000 $ 88,000
Bon Homme, South Dakota 4 $ 640,000 $ 160,000 $ 78,000
Morrison, Minnesota 3 $ 555,000 $ 185,000 $ 88,000
Yellowstone, Montana 3 $ 365,000 $ 121,666 $ 63,000
McLean, North Dakota 3 $ 755,000 $ 251,666 $ 185,000
Clay, South Dakota 3 $ 65,000 $ 21,666 $ 87,000
Dewey, South Dakota 3 $ 455,000 $ 151,666 $ 45,000
Hand, South Dakota 3 $ 455,000 $ 151,666 $ 110,000
Hanson, South Dakota 3 $ 995,000 $ 331,666 $ 161,000
Harding, South Dakota 3 $ 295,000 $ 98,333 $ 66,000
Jackson, South Dakota 3 $ 435,000 $ 145,000 $ 140,000
Turner, South Dakota 3 $ 535,000 $ 178,333 $ 99,000
Campbell, Wyoming 3 $ 195,000 $ 65,000 $ 106,000
Sweetwater, Wyoming 3 $ 185,000 $ 61,666 $ 79,000
O'Brien, Iowa 2 $ 250,000 $ 125,000 $ 98,000
Polk, Iowa 2 $ 90,000 $ 45,000 $ 93,000
Kennebec, Maine 2 $ 880,000 $ 440,000 $ 100,000
Big Horn, Montana 2 $ 130,000 $ 65,000 $ 78,000
Hill, Montana 2 $ 550,000 $ 275,000 $ 69,000
Musselshell, Montana 2 $ 530,000 $ 265,000 $ 106,000
Richland, Montana 2 $ 400,000 $ 200,000 $ 108,000
Antelope, Nebraska 2 $ 440,000 $ 220,000 $ 90,000
Dawes, Nebraska 2 $ 250,000 $ 125,000 $ 127,000
Valley, Nebraska 2 $ 310,000 $ 155,000 $ 44,000
Billings, North Dakota 2 $ 260,000 $ 130,000 $ 90,000
Bowman, North Dakota 2 $ 300,000 $ 150,000 $ 123,000
Burleigh, North Dakota 2 $ 80,000 $ 40,000 $ 43,000
Dickey, North Dakota 2 $ 630,000 $ 315,000 $ 134,000
LaMoure, North Dakota 2 $ 480,000 $ 240,000 $ 111,000
McIntosh, North Dakota 2 $ 420,000 $ 210,000 $ 120,000
Richland, North Dakota 2 $ 350,000 $ 175,000 $ 48,000
Rolette, North Dakota 2 $ 370,000 $ 185,000 $ 112,000
Walsh, North Dakota 2 $ 640,000 $ 320,000 $ 160,000
Bennett, South Dakota 2 $ 420,000 $ 210,000 $ 142,000
Charles Mix, South Dakota 2 $ 460,000 $ 230,000 $ 101,000
Edmunds, South Dakota 2 $ 130,000 $ 65,000 $ 42,000
Hamlin, South Dakota 2 $ 1,010,000 $ 505,000 $ 80,000
Hyde, South Dakota 2 $ 470,000 $ 235,000 $ 114,000
Jerauld, South Dakota 2 $ 130,000 $ 65,000 $ 45,000
Marshall, South Dakota 2 $ 330,000 $ 165,000 $ 90,000
Potter, South Dakota 2 $ 410,000 $ 205,000 $ 129,000
Roberts, South Dakota 2 $ 250,000 $ 125,000 $ 78,000
Spink, South Dakota 2 $ 400,000 $ 200,000 $ 430,000
Union, South Dakota 2 $ 220,000 $ 110,000 $ 63,000
Ziebach, South Dakota 2 $ 500,000 $ 250,000 $ 185,000
Goshen, Wyoming 2 $ 160,000 $ 80,000 $ 51,000
Niobrara, Wyoming 2 $ 400,000 $ 200,000 $ 70,000
Sheridan, Wyoming 2 $ 140,000 $ 70,000 $ 149,000
Douglas, Colorado 1 $ 695,000 $ 695,000 $ 322,000
Sarasota, Florida 1 $ 385,000 $ 385,000 $ 370,000
Jefferson, Indiana 1 $ 85,000 $ 85,000 $ 0
Cherokee, Iowa 1 $ 275,000 $ 275,000 $ 174,000
Clay, Iowa 1 $ 105,000 $ 105,000 $ 59,000
Dallas, Iowa 1 $ 55,000 $ 55,000 $ 83,000
Jackson, Iowa 1 $ 95,000 $ 95,000 $ 98,000
Plymouth, Iowa 1 $ 115,000 $ 115,000 $ 63,000
Aitkin, Minnesota 1 $ 455,000 $ 455,000 $ 109,000
Becker, Minnesota 1 $ 25,000 $ 25,000 $ 41,000
Brown, Minnesota 1 $ 55,000 $ 55,000 $ 42,000
Cass, Minnesota 1 $ 65,000 $ 65,000 $ 67,000
Kanabec, Minnesota 1 $ 35,000 $ 35,000 $ 66,000
Marshall, Minnesota 1 $ 75,000 $ 75,000 $ 54,000
Mower, Minnesota 1 $ 65,000 $ 65,000 $ 59,000
Otter Tail, Minnesota 1 $ 45,000 $ 45,000 $ 35,000
Pine, Minnesota 1 $ 145,000 $ 145,000 $ 53,000
Rock, Minnesota 1 $ 55,000 $ 55,000 $ 81,000
Roseau, Minnesota 1 $ 15,000 $ 15,000 $ 37,000
Steele, Minnesota 1 $ 85,000 $ 85,000 $ 57,000
Wabasha, Minnesota 1 $ 35,000 $ 35,000 $ 46,000
Broadwater, Montana 1 $ 265,000 $ 265,000 $ 116,000
Dawson, Montana 1 $ 55,000 $ 55,000 $ 136,000
Flathead, Montana 1 $ 555,000 $ 555,000 $ 155,000
Judith Basin, Montana 1 $ 135,000 $ 135,000 $ 89,000
Powder River, Montana 1 $ 325,000 $ 325,000 $ 134,000
Ravalli, Montana 1 $ 345,000 $ 345,000 $ 73,000
Teton, Montana 1 $ 45,000 $ 45,000 $ 23,000
Valley, Montana 1 $ 105,000 $ 105,000 $ 16,000
Wibaux, Montana 1 $ 45,000 $ 45,000 $ 89,000
Cherry, Nebraska 1 $ 185,000 $ 185,000 $ 128,000
Holt, Nebraska 1 $ 195,000 $ 195,000 $ 91,000
Platte, Nebraska 1 $ 245,000 $ 245,000 $ 103,000
Rock, Nebraska 1 $ 25,000 $ 25,000 $ 13,000
Sheridan, Nebraska 1 $ 235,000 $ 235,000 $ 83,000
Grant, North Dakota 1 $ 315,000 $ 315,000 $ 0
Logan, North Dakota 1 $ 105,000 $ 105,000 $ 28,000
Morton, North Dakota 1 $ 25,000 $ 25,000 $ 55,000
Mountrail, North Dakota 1 $ 105,000 $ 105,000 $ 44,000
Nelson, North Dakota 1 $ 235,000 $ 235,000 $ 175,000
Ramsey, North Dakota 1 $ 245,000 $ 245,000 $ 94,000
Sargent, North Dakota 1 $ 105,000 $ 105,000 $ 187,000
Ward, North Dakota 1 $ 135,000 $ 135,000 $ 150,000
Tulsa, Oklahoma 1 $ 195,000 $ 195,000 $ 84,000
Beadle, South Dakota 1 $ 15,000 $ 15,000 $ 38,000
Campbell, South Dakota 1 $ 245,000 $ 245,000 $ 104,000
Corson, South Dakota 1 $ 115,000 $ 115,000 $ 53,000
Day, South Dakota 1 $ 235,000 $ 235,000 $ 156,000
Faulk, South Dakota 1 $ 165,000 $ 165,000 $ 52,000
Grant, South Dakota 1 $ 45,000 $ 45,000 $ 26,000
Kingsbury, South Dakota 1 $ 155,000 $ 155,000 $ 78,000
McPherson, South Dakota 1 $ 55,000 $ 55,000 $ 26,000
Mellette, South Dakota 1 $ 15,000 $ 15,000 $ 34,000
Miner, South Dakota 1 $ 135,000 $ 135,000 $ 74,000
Sanborn, South Dakota 1 $ 175,000 $ 175,000 $ 114,000
Bell, Texas 1 $ 65,000 $ 65,000 $ 29,000
Converse, Wyoming 1 $ 205,000 $ 205,000 $ 203,000
Fremont, Wyoming 1 $ 125,000 $ 125,000 $ 46,000
Natrona, Wyoming 1 $ 405,000 $ 405,000 $ 94,000
Sublette, Wyoming 1 $ 105,000 $ 105,000 $ 64,000

Mortgage Loan Application Detail Totals for Bankwest, Inc. in 2025

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 1,530 $229,090,000 $149,000 $13,195,000 $91,000 $3,240,000
Cash-out Refinancing 91 $13,435,000 $147,000 $505,000 $99,000 $524,000
Home Improvement 64 $3,700,000 $57,000 $455,000 $87,000 $254,000
Refinancing 50 $11,030,000 $220,000 $3,225,000 $103,000 $236,000
Other Purpose 41 $2,985,000 $72,000 $385,000 $105,000 $700,000
Not Applicable 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,231 $173,325,000 $140,000 $4,445,000 $93,000 $2,269,000
Not Provided 178 $16,100,000 $90,000 $695,000 $95,000 $3,240,000
Hispanic 174 $14,320,000 $82,000 $375,000 $76,000 $806,000
American Indian or Alaskan Native 60 $9,210,000 $153,000 $755,000 $130,000 $1,831,000
Asian 56 $4,940,000 $88,000 $155,000 $72,000 $145,000
Not applicable 48 $39,340,000 $819,000 $13,195,000 $0 $0
Black or African American 27 $2,795,000 $103,000 $185,000 $72,000 $158,000
Native Hawaiian or Other Pacific Islander 2 $210,000 $105,000 $185,000 $34,000 $48,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,664 $233,240,000 $140,000 $13,195,000 $92,000 $3,240,000
FHA-insured (Federal Housing Administration) 80 $19,790,000 $247,000 $525,000 $88,000 $196,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 22 $3,390,000 $154,000 $275,000 $62,000 $97,000
VA-guaranteed (Veterans Administration) 10 $3,820,000 $382,000 $925,000 $119,000 $200,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 650 $134,950,000 $207,000 $13,195,000 $111,000 $2,269,000
Application Denied By Financial Institution 615 $55,845,000 $90,000 $515,000 $69,000 $3,240,000
Application Withdrawn By Applicant 342 $53,530,000 $156,000 $4,005,000 $99,000 $1,831,000
File Closed For Incompleteness 169 $15,915,000 $94,000 $565,000 $89,000 $806,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 1,161 $204,395,000 $176,000 $13,195,000 $104,000 $2,269,000
Debt-To-Income Ratio 361 $33,645,000 $93,000 $495,000 $51,000 $261,000
Credit History 212 $17,270,000 $81,000 $355,000 $97,000 $3,240,000
Insufficient Cash (Downpayment, Closing Cost) 14 $1,960,000 $140,000 $515,000 $70,000 $112,000
Collateral 8 $1,530,000 $191,000 $355,000 $134,000 $249,000
Employment History 7 $455,000 $65,000 $105,000 $23,000 $115,000
Other 7 $535,000 $76,000 $265,000 $91,000 $161,000
Unverifiable Information 5 $415,000 $83,000 $105,000 $61,000 $72,000
Credit Application Incomplete 1 $35,000 $35,000 $35,000 $92,000 $92,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankwest, Inc.'s 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Bankwest, Inc.'s mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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