Applications / Mortgage Analytics / Lenders / Minnesota / Bankwest
Rockford, MN · State non-member bank · FDIC · $248 million assets · 30 loans in 2025
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30
loans originated, 2025
34
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bankwest is a very small home lender, with 30 loans in 2025, all conventional, at a typical size of $240,000, larger than the $175,000 typical of similar lenders.
Similar lenders are state non-member banks making between half and twice as many loans. Bankwest's originations rose 20%, from 25 to 30, while the typical similar lender was flat at 0% and the whole market rose 10%. It filed no HMDA report for 2018 to 2022, gaps in the record rather than years without lending, and it reported again in 2023, with 26 loans.
Every loan was conventional, with no FHA (insured by the Federal Housing Administration) or VA (guaranteed by the Department of Veterans Affairs) loans and no jumbo loans. Its typical loan of $240,000 was larger than about seven in ten similar lenders'. With so few loans, a handful of larger homes can move that figure.
Shares of LMI (low- and moderate-income) borrowers and areas rest on about 30 loans, too few to read much into. Its loans sit in nine counties, so where it lends, rather than whom it serves, may shape these figures.
In Minneapolis-St. Paul-Bloomington it ranks 293 of 688, with a share that rounds to 0.0%, where Bell Bank leads; it has lent there since before 1990. Its loans are spread over nine counties in two states, so its share in any one market is small.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Bankwest took 34 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.0% · Refinance 36.7% · Other 13.3%
Conventional 100.0% · of 30 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
| State | Loans | Share |
|---|---|---|
| Minnesota | 29 | 96.7% |
| North Dakota | 1 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 22 |
| St. Cloud | 2 |
| Duluth | 1 |
| Grand Forks | 1 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493004O4O6HBJZIXH92 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 791353 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316704 | 1990–2016 |
Established 1 January 1948. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Bankwest's data.
Bankwest's data
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Bankwest and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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