Applications / Mortgage Analytics / Lenders / Minnesota / Bridgewater Bank
Saint Louis Park, MN · State non-member bank · FDIC · $5.4 billion assets · 241 loans in 2025
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241
loans originated, 2025
353
applications, 2025
11
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bridgewater Bank makes bigger loans than more than nine in ten similar banks, and after two lean years its loans rose 39% to 241 in 2025.
Its originations rose 39%, against 9% at the typical similar lender (state non-member banks making between half and twice as many loans) and 10% for the whole market. It had made between 435 and 494 loans a year from 2018 to 2022, then 237 and 173. Its 2024 merger with First Minnetonka City Bank may have added borrowers.
Purchases were 83.0% of its lending. Its typical loan was $355,000, against $175,000 at similar lenders. Its total of $482.7 million, against peers' $50.3 million on a similar count, may mean some very large loans among its 241.
In Minneapolis-St. Paul-Bloomington, where it has lent since at least 1990, its share rose from 0.6% to 1.3% and it ranked 24 of 688 lenders. Bell Bank led the market. Shares are measured in dollars, so a few large loans could account for much of that change.
Low- and moderate-income (LMI) neighborhoods took 27.7% of its loans, against 17.5% at similar lenders, and majority-minority neighborhoods 14.9%, against 6.5%. Its share to LMI borrowers, 28.6%, was near the middle of its peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bridgewater Bank took 353 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 83.0% · Refinance 14.5% · Home improvement 1.7% · Other 0.8%
Conventional 100.0% · of 241 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 | 90.9% |
| Florida | 4 | 1.7% |
| Wisconsin | 4 | 1.7% |
| Colorado | 3 | 1.2% |
| Indiana | 3 | 1.2% |
| Georgia | 2 | 0.8% |
| Tennessee | 2 | 0.8% |
| California | 1 | 0.4% |
| Montana | 1 | 0.4% |
| North Dakota | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 204 |
| St. Cloud | 3 |
| Atlanta-Sandy Springs-Roswell | 2 |
| Cape Coral-Fort Myers | 2 |
| Duluth | 2 |
| Nashville-Davidson--Murfreesboro--Franklin | 2 |
| Boulder | 1 |
| Bozeman | 1 |
| Fargo | 1 |
| Indianapolis-Carmel-Greenwood | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FKWBMLIMGZ7Q40 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3378773 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 358210 | 2007–2017 |
Established 2 November 2005. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Bridgewater Bank's data.
Bridgewater Bank's data
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Bridgewater 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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