Applications / Mortgage Analytics / Lenders / North Dakota / First Western Bank & Trust
Minot, ND · State member bank · FRS · $2.3 billion assets · 446 loans in 2025
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446
loans originated, 2025
565
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Western Bank & Trust lends to low- and moderate-income borrowers far more than similar lenders do, with 41.5% of its 2025 loans going to them, even as its overall volume slipped.
41.5% of its loans went to LMI (low- and moderate-income) borrowers, against 28.0% for similar lenders (state member banks making between half and twice as many loans), higher than more than nine in ten of them. It was 26.5% five years before. Its share in LMI tracts, 15.0%, is close to the peers' 17.1%, so the tilt is in who borrows rather than where.
Only 87.0% of its loans were conventional, against 99.9% for similar lenders. VA (guaranteed by the Department of Veterans Affairs) loans were 5.4%, FHA (insured by the Federal Housing Administration) 6.1% and RHS (guaranteed by the Department of Agriculture's Rural Housing Service) 1.6%. Together they may point to first-time, rural and military buyers.
It turned down 5.9% of the first-lien home-purchase applications it decided, against 7.3% for similar lenders, a little below the middle. Yet 5.1% of its loans were higher-priced (a rate well above the average for similar loans), against 2.4%. Manufactured homes, 5.6% of its loans against 1.4%, and its government-backed loans could account for this.
Originations fell 3% while similar lenders grew 7%. Its Minot share held at 5.5%, ranking 6 of 95, and its Sioux Falls share rose 0.8 points to 0.9%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Western Bank & Trust took 565 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.8% · Refinance 18.4% · Other 3.1% · Home improvement 2.7%
Conventional 87.0% · FHA 6.1% · VA 5.4% · USDA (RHS or FSA) 1.6% · of 446 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 | 219 | 49.1% |
| North Dakota | 205 | 46.0% |
| South Dakota | 9 | 2.0% |
| Arizona | 5 | 1.1% |
| Florida | 4 | 0.9% |
| Michigan | 1 | 0.2% |
| Oregon | 1 | 0.2% |
| Pennsylvania | 1 | 0.2% |
| Texas | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 95 |
| Minot | 70 |
| Bismarck | 45 |
| Minneapolis-St. Paul-Bloomington | 25 |
| Sioux Falls | 8 |
| Phoenix-Mesa-Chandler | 3 |
| St. Cloud | 3 |
| Duluth | 2 |
| Grand Forks | 2 |
| Punta Gorda | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005A0757T9GRRI44 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 687951 | 2012–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2687951 | 2012–2017 |
Established 11 May 1964. Reported under HMDA 2012-2025.
Mergers, name changes, data editions and corrections: First Western Bank & Trust's data.
First Western Bank & Trust's data
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First Western Bank & Trust 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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