Applications / Mortgage Analytics / Lenders / Minnesota / Citizens Bank Minnesota
New Ulm, MN · State non-member bank · FDIC · $596 million assets · 120 loans in 2025
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120
loans originated, 2025
165
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Citizens Bank Minnesota, a home-purchase lender, makes far fewer loans than it did in 2020, though its count rose 5% in 2025.
It made 120 loans, up 5% from 114, against 9% growth at similar lenders (state non-member banks making between half and twice as many loans) and 10% for the whole market. It made 477 in 2020 and 458 in 2021. Its dollar volume was $25.6 million, against $91.4 million in 2020. Refinancing may have swelled those earlier counts; it is now 23.3% of its loans, so the drop may reflect fewer refinances rather than a retreat from its markets.
Home purchases made up 61.7% of its loans, refinances 23.3% and home improvement 9.2%. All were conventional, and it made no manufactured-home loans, against 3.2% at similar lenders. Its typical loan, $175,000, matched theirs.
Low- and moderate-income (LMI) borrowers took 33.0% of its loans, against 27.9% at similar lenders, more than at about two-thirds of them. Poorer neighborhoods (LMI tracts) took 8.3%, against 17.9%, lower than at more than four in five, which may reflect the counties it serves.
Its largest market is non-metro Minnesota, where it ranks 81 of 536 lenders; United Wholesale Mortgage leads. It ranks 61 of 180 in Mankato, MN, with 0.2% of lending, and 249 of 688 in Minneapolis-St. Paul-Bloomington, MN-WI.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Citizens Bank Minnesota took 165 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.7% · Refinance 23.3% · Home improvement 9.2% · Other 5.8%
Conventional 100.0% · of 120 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 | 117 | 97.5% |
| Montana | 1 | 0.8% |
| South Dakota | 1 | 0.8% |
| Wisconsin | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 31 |
| Mankato | 6 |
| St. Cloud | 3 |
| Rochester | 2 |
| Duluth | 1 |
| Helena | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900NR9EA98B6A4L55 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 874050 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38200 | 2005–2017 |
Established 13 December 1875. Reported under HMDA 2005-2025.
Mergers, name changes, data editions and corrections: Citizens Bank Minnesota's data.
Citizens Bank Minnesota's data
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Citizens Bank Minnesota 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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