Applications / Mortgage Analytics / Lenders / North Dakota / Bell Bank
Fargo, ND · State non-member bank · FDIC · $14.4 billion assets · 11,534 loans in 2025
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11,534
loans originated, 2025
14,535
applications, 2025
38
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bell Bank is the largest lender by dollars in both Minneapolis-St. Paul and Fargo, and in 2025 widened its lead in Fargo, where its share rose from 9.5% to 11.5%.
It ranks first of 688 lenders in Minneapolis-St. Paul-Bloomington, with 6.5% (down 0.1 points), ahead of United Wholesale Mortgage, and first of 207 in Fargo. It also lends at scale in Phoenix-Mesa-Chandler (22 of 879) and entered three new metros in 2025.
Similar lenders are state non-member banks making between half and twice as many loans. Conventional loans were 89.2% of Bell's originations against 75.0% for similar lenders, with FHA (insured by the Federal Housing Administration) at 6.0% against 14.0%. Higher-priced loans (a rate well above the average for similar loans) were 0.8%, lower than about four in five similar lenders, which may follow from a conventional mix with fewer government-insured loans.
LMI (low- and moderate-income) borrowers took 30.9% of its loans, more than about four in five similar lenders. Yet 9.2% of loans were in majority-minority areas against 20.1% for the group, among the lowest tenth. The upper Midwest markets where most of its lending sits may have fewer such areas than its peers' markets.
Originations reached 23,023 in 2020. In 2025 they rose 6% to 11,534, while the typical similar lender's fell 5% and the whole market grew 10%; that put its growth near the middle of similar lenders.
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, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bell Bank took 14,535 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.9% · Refinance 14.7% · Home improvement 7.8% · Other 5.6%
Conventional 89.2% · FHA 6.0% · VA 4.4% · USDA (RHS or FSA) 0.3% · of 11,534 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 | 6,525 | 56.6% |
| Arizona | 1,256 | 10.9% |
| Wisconsin | 1,031 | 8.9% |
| North Dakota | 674 | 5.8% |
| Florida | 407 | 3.5% |
| Missouri | 405 | 3.5% |
| New Mexico | 397 | 3.4% |
| Kansas | 352 | 3.1% |
| Tennessee | 190 | 1.6% |
| Colorado | 39 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 5,079 |
| Phoenix-Mesa-Chandler | 1,190 |
| Fargo | 813 |
| Kansas City | 383 |
| Madison | 299 |
| Milwaukee-Waukesha | 260 |
| Rochester | 192 |
| Duluth | 188 |
| St. Louis | 171 |
| Albuquerque | 135 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WYBPIWKK6SQC06 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 929352 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 319581 | 1990–2017 |
Established 6 May 1966. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Bell Bank's data.
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