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Dacotah Bank
Bank|Aberdeen, SD|Multi-Region
Loans Originated
357
Applications
422
Volume
$92 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.003%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,809
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
84.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 0.30 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and USDA loans
Report Card
Dacotah Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Sound | Industry Standard | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 5 metro areas · 11 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$260,266
Average Borrower Income
$147,751
Average Property Value
$343,483
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 283 | 79.3% | +0.037% | $1,963 |
FHA Loans | Strong | Sound | Exceptional | Strong | 30 | 8.4% | +0.071% | $708 |
VA Loans | Sound | Sound | N/A | N/A | 15 | 4.2% | -0.450% | $1,960 |
USDA Loans | Strong | Strong | N/A | Exceptional | 26 | 7.3% | -0.474% | $719 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 328 | 91.9% | -0.004% | $1,795 |
Refinance | Sound | Sound | Acceptable | Strong | 29 | 8.1% | +0.003% | $1,948 |
Geographic Coverage
Metro Areas
4
States Served
11
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCOFLIAIDKYMIMNNDNESD
Top Metro Areas by Place Specialization Score
1
Rapid City, SD, SDMSA
Volume: 35Mix: 9.80%
Place Specialization
Strong
2
Sioux Falls, SD, SD-MNMSA
Volume: 26Mix: 7.28%
Place Specialization
Sound
3
Minot, ND, NDMSA
Volume: 22Mix: 6.16%
Place Specialization
Sound
4
Fargo, ND, ND-MNMSA
Volume: 21Mix: 5.88%
Place Specialization
Sound
Top States by Place Specialization Score
1
SDState
Volume: 256Mix: 71.71%
Place Specialization
Exceptional
2
NDState
Volume: 74Mix: 20.73%
Place Specialization
Strong
3
MNState
Volume: 16Mix: 4.48%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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