Lending Analyst Salary in Sioux Falls, South Dakota

How much does a Lending Analyst make in Sioux Falls, SD?

As of April 01, 2025, the average annual salary for a Lending Analyst in Sioux Falls, SD is $68,882. According to Salary.com, salaries can range from a low of $58,423 to a high of $81,202, with most professionals earning between $63,407 and $75,331.

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Salary range for an Lending Analyst

$63,407 to $75,331

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What is a Lending Analyst?

A Lending Analyst is responsible for evaluating and analyzing loan applications and financial data to determine the creditworthiness of potential borrowers. They review and assess the financial statements, credit reports, and other relevant documents to make informed decisions on loan approvals or denials. Lending Analysts also work closely with loan officers and underwriters to ensure that all necessary information is gathered and accurately assessed. Additionally, they may be involved in developing and implementing lending policies and procedures to minimize risk and maximize profitability for the lending institution. Strong analytical skills, attention to detail, and a thorough understanding of lending regulations and best practices are essential for success in this role.

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Job Openings for Lending Analyst in Sioux Falls, SD

What does a Lending Analyst do?

Common responsibilities of a Lending Analyst

Monitor and track the performance of existing loans to identify potential issues and recommend appropriate actions.

September 01, 2023

Review financial statements, credit reports, and other relevant documents to assess borrower's financial situation.

September 14, 2023

Provide recommendations on loan terms, interest rates, and collateral requirements based on risk assessment and financial analysis.

September 14, 2023

Prepare and present reports on lending activities, portfolio performance, and risk management to senior management.

September 18, 2023

Stay updated on industry trends, regulatory changes, and best practices in lending analysis.

September 18, 2023

Assist in the development and implementation of new lending products and strategies based on market analysis and customer needs.

September 20, 2023

Conduct industry and market research to assess the potential risks and opportunities associated with lending to specific sectors or businesses.

September 24, 2023

Collaborate with underwriters and loan officers to ensure compliance with lending policies and regulations.

October 15, 2023

Analyze and evaluate loan applications to determine creditworthiness and risk level.

October 29, 2023

Develop and maintain financial models to forecast loan performance and assess potential impact on the lending portfolio.

November 01, 2023

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Lending Analyst Salary By Experience Levels in Sioux Falls, SD

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Lending Analyst Salary By Level of Education in Sioux Falls, SD

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Average Salary Range for Lending Analyst in Sioux Falls, SD

Average Base Salary

Core compensation

63407

75331

68882

Average Total Cash Compensation

Includes base and annual incentives

64947

78190

70865

What is the average salary for Lending Analyst in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Analyst in Sioux Falls, SD. The base salary for Lending Analyst ranges from $63,407 to $75,331 with the average base salary of $68,882. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $64,947 to $78,190 with the average total cash compensation of $70,865.

View Average Salary for Lending Analyst as table

	Average Salary	Average Salary Range
Base Salary	$68,882	$63,407 - $75,331
Bonus	$1,982	$1,540 - $2,859
Total Pay	$70,865	$64,947 - $78,190

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Lending Analyst Salary Near Sioux Falls, SD

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Sioux Falls, SD
CITY, STATE Brookings, SD	AVERAGE SALARY RANGE $62,360 - $74,086	COMPARE TO Sioux Falls, SD
CITY, STATE Sioux City, IA	AVERAGE SALARY RANGE $62,786 - $74,592	COMPARE TO Sioux Falls, SD
CITY, STATE Watertown, SD	AVERAGE SALARY RANGE $62,360 - $74,086	COMPARE TO Sioux Falls, SD
CITY, STATE Norfolk, NE	AVERAGE SALARY RANGE $62,157 - $73,845	COMPARE TO Sioux Falls, SD
CITY, STATE Fremont, NE	AVERAGE SALARY RANGE $65,042 - $77,273	COMPARE TO Sioux Falls, SD
CITY, STATE Aberdeen, SD	AVERAGE SALARY RANGE $57,805 - $68,675	COMPARE TO Sioux Falls, SD

See salaries for Lending Analyst in locations close to Sioux Falls, SD. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Sioux Falls, South Dakota

Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and the 143rd-most populous city in the United States. It is the county seat of Minnehaha County and also extends into Lincoln County to the south, proximate with the Minnesota state line. It is the 47th-fastest-growing city in the United States and the fastest-growing metro area in South Dakota, with a population increase of 22% between 2000 and 2010. As of 2019, Sioux Falls had an estimated population of 187,200. The metropolitan population of 259,0...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Analyst, Securities Lending	LOCATION Sioux Falls, SD	MINIMUM SALARY $43,177	MAXIMUM SALARY $53,519
JOB TITLE Commercial Lending Analyst	LOCATION Sioux Falls, SD	MINIMUM SALARY $56,055	MAXIMUM SALARY $71,908
JOB TITLE Credit Analyst I - Lending	LOCATION Sioux Falls, SD	MINIMUM SALARY $47,260	MAXIMUM SALARY $56,560
JOB TITLE Credit Analyst II - Lending	LOCATION Sioux Falls, SD	MINIMUM SALARY $54,890	MAXIMUM SALARY $66,690
JOB TITLE Credit Analyst III - Lending	LOCATION Sioux Falls, SD	MINIMUM SALARY $72,910	MAXIMUM SALARY $78,750
JOB TITLE Credit Analyst IV - Lending	LOCATION Sioux Falls, SD	MINIMUM SALARY $85,710	MAXIMUM SALARY $100,090

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