Applications / Mortgage Analytics / Lenders / Minnesota / HomeTown Bank
Carver, MN · State non-member bank · FDIC · $663 million assets · 318 loans in 2025
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318
loans originated, 2025
372
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
HomeTown Bank, a Minnesota purchase lender, grew a little faster than similar lenders in 2025 and gained share in Mankato, MN.
Originations rose 12% to 318, against 8% at similar lenders (state non-member banks making between half and twice as many loans). That is still far below the 1,173 loans it made in 2020. The data do not show what drove that peak.
In Mankato, MN its share rose to 1.0% from 0.7%, and it ranked 23 of 180. In Minneapolis-St. Paul-Bloomington its share slipped to 0.1% from 0.2%, ranking 109 of 688 in a market led by Bell Bank. A small lender's share in so large a market can move on a handful of loans.
Low- and moderate-income (LMI) borrowers took 31.7% of its loans, higher than at about two-thirds of similar lenders and up from 18.2% in 2020. It made no loans in majority-minority neighborhoods, against 6.7% at peers; one possible reason is that most of its lending is in Minnesota markets with few such neighborhoods.
Every loan was conventional. Jumbo loans (larger than the conforming limit) were 3.2%, higher than at about three in four similar lenders. Its denial rate on home-purchase applications, 4.7%, 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. HomeTown Bank took 372 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 52.2% · Refinance 29.9% · Home improvement 9.4% · Other 8.5%
Conventional 100.0% · of 318 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 | 310 | 97.5% |
| South Dakota | 5 | 1.6% |
| Iowa | 2 | 0.6% |
| Wisconsin | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 130 |
| Mankato | 31 |
| Rochester | 5 |
| St. Cloud | 3 |
| Duluth | 1 |
| Sioux Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900KSUTZO899YU680 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 788773 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 46278 | 2009–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1706278 | 2011–2017 |
Established 1 January 1924. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: HomeTown Bank's data.
HomeTown Bank's data
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HomeTown 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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