Applications / Mortgage Analytics / Lenders / Minnesota / Granite Bank
Granite Bank
Cold Spring, MN · State non-member bank · FDIC · $351 million assets · 2,598 loans in 2025
2,598
loans originated, 2025
3,309
applications, 2025
33
states and territories
0
gaps bigger than at similar lenders
FIG. 1 — LOANS ORIGINATED, 2018–2025
2,598 loans in 2025, its most in any year since 2018.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Granite Bank took 3,309 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
90.5% of its 2025 loans were purchase loans; 69.3% were Conventional.
Purchase 90.5% · Refinance 8.3% · Other 1.0% · Home improvement 0.2%
Conventional 69.3% · FHA 20.8% · VA 8.5% · USDA (RHS or FSA) 1.3% · of 2,598 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
33 states, 119 metros, 316 counties
| State | Loans | Share |
|---|---|---|
| Minnesota | 1,395 | 53.7% |
| South Dakota | 229 | 8.8% |
| Texas | 149 | 5.7% |
| North Dakota | 136 | 5.2% |
| Wisconsin | 119 | 4.6% |
| Arizona | 105 | 4.0% |
| Florida | 79 | 3.0% |
| Colorado | 72 | 2.8% |
| Iowa | 55 | 2.1% |
| Alabama | 46 | 1.8% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 887 |
| Rapid City | 165 |
| Waco | 123 |
| Phoenix-Mesa-Chandler | 97 |
| Colorado Springs | 59 |
| Fargo | 54 |
| Davenport-Moline-Rock Island | 53 |
| Duluth | 52 |
| Milwaukee-Waukesha | 50 |
| St. Cloud | 44 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300INKSPQCTELMO58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 311256 | 2004–2019 |
| Respondent ID (the HMDA filer code before 2018) | 18051 | 1990–2012 |
| Respondent ID (the HMDA filer code before 2018) | 35116 | 2013–2017 |
Established 1 January 1902. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Granite Bank's data.