Applications / Mortgage Analytics / Lenders / North Dakota / American Federal Bank
Fargo, ND · Savings institution · OCC · $783 million assets · 186 loans in 2025
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186
loans originated, 2025
255
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
American Federal Bank, a Fargo savings institution that mostly finances home purchases, has long held a place in Fargo and Grand Forks, where it ranks 20 of 207 and 12 of 131 lenders.
Its Grand Forks share fell 2.0 points to 2.7%, and its Fargo share fell 0.6 points to 1.5%. It has lent in both since at least 1990. Bell Bank, Gate City Bank and First International Bank & Trust lead in Fargo. Its loans fell 7% while the whole market grew 10%; choices about which loans to make, or faster-growing rivals, are possible reasons.
Purchases made up 70.4% of its 186 loans, refinances 21.5% and home improvement 8.1%. It made no jumbo loans (larger than the conforming limit), against 2.6% at similar lenders (savings institutions making between half and twice as many loans). Its typical loan, $225,000, was close to peers' $230,000.
Low- and moderate-income (LMI) borrowers took 26.1% of its loans, against 24.7% at similar lenders, near the middle and up from 19.2% in 2020. Its share in LMI neighborhoods, 12.4%, was close to its 12.1% of 2020.
It made 186 loans, against 200 in 2024 and 565 in 2020. Similar lenders grew 7%, and its change was lower than at about four in five of them.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. American Federal Bank took 255 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 70.4% · Refinance 21.5% · Home improvement 8.1%
Conventional 96.8% · FHA 1.6% · VA 1.6% · of 186 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 | 122 | 65.6% |
| North Dakota | 58 | 31.2% |
| Arizona | 1 | 0.5% |
| Georgia | 1 | 0.5% |
| Kentucky | 1 | 0.5% |
| Montana | 1 | 0.5% |
| South Dakota | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 58 |
| Grand Forks | 34 |
| Minneapolis-St. Paul-Bloomington | 3 |
| Atlanta-Sandy Springs-Roswell | 1 |
| Bismarck | 1 |
| Bowling Green | 1 |
| Bozeman | 1 |
| Minot | 1 |
| Phoenix-Mesa-Chandler | 1 |
| Sioux Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OHXNUMVE33Q475 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 637170 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 42983 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1702983 | 2011–2017 |
Established 1 January 1891. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: American Federal Bank's data.
American Federal Bank's data
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American Federal Bank 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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