Applications / Mortgage Analytics / Lenders / North Dakota / Bank Forward
Fargo, ND · State non-member bank · FDIC · $1.1 billion assets · 152 loans in 2025
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152
loans originated, 2025
178
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank Forward, of Fargo, made slightly fewer loans in 2025 but almost doubled its share of Fargo, its largest market.
It made 152 loans, down 3% from 156, while similar lenders (state non-member banks making between half and twice as many loans) grew 10%, as did the whole market. Yet its dollar volume rose to $70.2 million from $42.1 million, more than at over four in five of them. Its typical loan barely moved, to $215,000 from $205,000, so a few larger loans may explain the jump.
In Fargo, where it has lent since 2004, its share rose to 1.3% from 0.7%; it ranks 26 of 207 lenders, behind Bell Bank and Gate City Bank. In Grand Forks its share fell to 0.8% from 1.3%. With few loans there, a handful either way, or a shift of lending to Fargo, could account for it.
Low- and moderate-income (LMI) borrowers took 39.2% of its loans, up from 28.4% a year earlier and more than at over four in five similar lenders, where the typical share is 28.0%. LMI neighborhoods took 21.2%, a little above the typical 17.5%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bank Forward took 178 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 77.6% · Refinance 19.1% · Other 2.0% · Home improvement 1.3%
Conventional 100.0% · of 152 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 |
|---|---|---|
| North Dakota | 93 | 61.2% |
| Minnesota | 54 | 35.5% |
| Florida | 2 | 1.3% |
| South Dakota | 2 | 1.3% |
| Arizona | 1 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 37 |
| Grand Forks | 15 |
| Minneapolis-St. Paul-Bloomington | 5 |
| Deltona-Daytona Beach-Ormond Beach | 1 |
| Naples-Marco Island | 1 |
| Prescott Valley-Prescott | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300J9E3YDKIBPUY45 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 812557 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38941 | 2004–2017 |
Established 5 September 1927. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Bank Forward's data.
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