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Plains Commerce Bank
Bank|Sioux Falls, SD|National
Loans Originated
11,610
Applications
19,418
Volume
$4 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.278%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,989
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
59.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Plains Commerce Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 50 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$359,820
Average Borrower Income
$131,198
Average Property Value
$434,491
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 6,712 | 57.8% | +0.261% | $3,159 |
FHA Loans | Strong | Exceptional | Sound | Strong | 3,500 | 30.1% | +0.518% | $2,788 |
VA Loans | Strong | Exceptional | Sound | Strong | 1,163 | 10.0% | -0.307% | $2,485 |
Jumbo Loans | Sound | Exceptional | Acceptable | Sound | 104 | 0.9% | +0.404% | $2,681 |
USDA Loans | Strong | Exceptional | Strong | Sound | 131 | 1.1% | -0.035% | $2,056 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 10,754 | 92.6% | +0.296% | $2,981 |
Refinance | Sound | Exceptional | Acceptable | Sound | 856 | 7.4% | +0.088% | $3,068 |
Geographic Coverage
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Sioux Falls, SD, SD-MNMSA
Volume: 1,018Mix: 8.77%
Place Specialization
Exceptional
2
Rapid City, SD, SDMSA
Volume: 169Mix: 1.46%
Place Specialization
Exceptional
3
Phoenix, AZMSA
Volume: 763Mix: 6.57%
Place Specialization
Strong
4
Lakeland, FLMSA
Volume: 229Mix: 1.97%
Place Specialization
Strong
5
Orlando, FLMSA
Volume: 305Mix: 2.63%
Place Specialization
Strong
6
Salt Lake City, UTMSA
Volume: 187Mix: 1.61%
Place Specialization
Strong
7
Cincinnati, OHMSA
Volume: 172Mix: 1.48%
Place Specialization
Strong
8
Omaha, NE, NE-IAMSA
Volume: 141Mix: 1.21%
Place Specialization
Strong
9
Denver, COMSA
Volume: 264Mix: 2.27%
Place Specialization
Strong
10
Savannah, GA, GAMSA
Volume: 78Mix: 0.67%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
SDState
Volume: 1,524Mix: 13.13%
Place Specialization
Exceptional
2
FLState
Volume: 1,767Mix: 15.22%
Place Specialization
Exceptional
3
AZState
Volume: 902Mix: 7.77%
Place Specialization
Exceptional
4
UTState
Volume: 475Mix: 4.09%
Place Specialization
Strong
5
NEState
Volume: 269Mix: 2.32%
Place Specialization
Strong
6
TXState
Volume: 927Mix: 7.98%
Place Specialization
Strong
7
MNState
Volume: 424Mix: 3.65%
Place Specialization
Strong
8
NVState
Volume: 219Mix: 1.89%
Place Specialization
Strong
9
COState
Volume: 416Mix: 3.58%
Place Specialization
Strong
10
ALState
Volume: 207Mix: 1.78%
Place Specialization
Strong
Showing 10 of 48 states
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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