Applications / Mortgage Analytics / Lenders / Minnesota / Highland Bank
Saint Paul, MN · State non-member bank · FDIC · $766 million assets · 352 loans in 2025
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352
loans originated, 2025
489
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Highland Bank lends to people who already own their homes: home improvement and refinancing were its two biggest lines in 2025, and purchases only 8.0% of its 352 loans.
Home-improvement loans made up 38.9% of its lending and refinances 35.2%. Its typical loan was $105,000, smaller than at about nine in ten similar lenders (state non-member banks making between half and twice as many loans), where it was $185,000. So its loans came to $51.7 million, against $80.5 million at the typical similar lender.
It filed no HMDA report for 2020, 2021 or 2022. Those years are blank in the record, not years without lending. When it reported again in 2023 it made 363 loans, against 51 in 2018. Its merger that year with Boundary Waters Bank may account for some of the rise. In 2025 its loans rose 10%, in line with the 9% at similar lenders.
Borrowers with low or moderate incomes (LMI) took 19.9% of its loans, a lower share than at about four in five similar lenders. Poorer neighborhoods took 12.0%, against 16.6%. One possible reason is its book of refinance and home-improvement loans, which go to people who already own homes.
It ranks 98 of 688 lenders in Minneapolis-St. Paul-Bloomington, where it has lent since at least 1990. Its share there held at 0.2%. Bell Bank leads that market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Highland Bank took 489 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 38.9% · Refinance 35.2% · Other 17.9% · Purchase 8.0%
Conventional 100.0% · of 352 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 | 340 | 96.6% |
| Wisconsin | 11 | 3.1% |
| Arizona | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 318 |
| Duluth | 8 |
| Rochester | 3 |
| Mankato | 2 |
| Phoenix-Mesa-Chandler | 1 |
| St. Cloud | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TN0C13QXN1P552 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 764058 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316111 | 1990–2017 |
Established 28 December 1943. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Highland Bank's data.
Highland Bank's data
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