Applications / Mortgage Analytics / Lenders / North Dakota / Cornerstone Bank
Fargo, ND · State non-member bank · FDIC · $1.8 billion assets · 143 loans in 2025
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143
loans originated, 2025
165
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Cornerstone Bank made almost as many loans in 2025 as the year before, but lent less than half as much money.
It made 143 loans, down 4%, while similar lenders, state non-member banks making between half and twice as many loans, grew 9%. Its dollar volume fell to $42.7 million from $95.7 million. Its typical loan fell only to $145,000 from $175,000, so the drop may come from fewer very large loans than in 2024.
In Sioux Falls its share fell to 0.6% from 2.0%; it ranked 38 of 204 lenders. In Fargo it fell to 0.6% from 2.7%. Shares are counted in dollars, so a few large loans in 2024 may have lifted them that year. In Minot its share rose to 0.7% from 0.2%.
Refinances made up 45.5% of its loans and purchases 35.0%, all conventional. Manufactured homes were 10.5% of its loans, against 3.0% at similar lenders.
Its loan count has drifted down from 224 in 2018. Until 2025 bigger loans made up for fewer of them: it lent $104.8 million in 2020 and $95.7 million in 2024. Bell Bank leads in Fargo and Plains Commerce Bank in Sioux Falls.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Cornerstone Bank took 165 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 45.5% · Purchase 35.0% · Other 11.2% · Home improvement 8.4%
Conventional 100.0% · of 143 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 | 106 | 74.1% |
| South Dakota | 19 | 13.3% |
| Minnesota | 16 | 11.2% |
| Michigan | 1 | 0.7% |
| Missouri | 1 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 37 |
| Bismarck | 24 |
| Sioux Falls | 16 |
| Minot | 10 |
| Grand Forks | 1 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Joplin | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003LIT6MPMIF5W07 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 743857 | 2010–2014 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 879457 | 2015–2023 |
| Respondent ID (the HMDA filer code before 2018) | 313198 | 2007–2017 |
Established 15 July 1907. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Cornerstone Bank's data.
Cornerstone Bank's data
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