Applications / Mortgage Analytics / Lenders / Minnesota / Midwest Bank
Detroit Lakes, MN · State non-member bank · FDIC · $893 million assets · 166 loans in 2025
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166
loans originated, 2025
187
applications, 2025
11
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Midwest Bank lends to home buyers in 11 states from Detroit Lakes, MN, but its loans fell 6% in 2025 as similar banks' rose.
It made 166 loans, down from 177, while similar banks (state non-member banks making between half and twice as many loans) grew 10%, as did the whole market. Fewer applications or stiffer competition in its markets could account for the fall. Its dollar volume, $62.6 million, was still higher than at about four in five similar banks, because its typical loan, $200,000, was larger than their $175,000.
Purchases were 65.7% of its loans. It lends in 12 metros and 34 counties. It ranked 41 of 536 lenders in non-metro Minnesota and 138 of 372 in non-metro Montana. In 2025 it lent in Sacramento-Roseville-Folsom and Billings for the first time.
Of its loans, 21.8% were in low- and moderate-income (LMI) areas, more than at about two-thirds of similar banks, where the typical share was 17.2%. Majority-minority areas took 9.0%, against 5.4%. Its share to LMI borrowers, 26.6%, was near the middle.
In Fargo its share fell to 0.6% from 1.0%, leaving it 34 of 207 lenders; Bell Bank and Gate City Bank lead there. Its smaller volume goes with the drop, and stronger lending by competitors is another possibility.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Midwest Bank took 187 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.7% · Refinance 25.3% · Other 5.4% · Home improvement 3.6%
Conventional 99.4% · VA 0.6% · of 166 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 | 141 | 84.9% |
| North Dakota | 8 | 4.8% |
| Florida | 3 | 1.8% |
| Montana | 3 | 1.8% |
| California | 2 | 1.2% |
| South Dakota | 2 | 1.2% |
| Wisconsin | 2 | 1.2% |
| Wyoming | 2 | 1.2% |
| Arkansas | 1 | 0.6% |
| Arizona | 1 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 28 |
| Minneapolis-St. Paul-Bloomington | 4 |
| Billings | 1 |
| Bismarck | 1 |
| Cape Coral-Fort Myers | 1 |
| Duluth | 1 |
| Fayetteville-Springdale-Rogers | 1 |
| Phoenix-Mesa-Chandler | 1 |
| Punta Gorda | 1 |
| Riverside-San Bernardino-Ontario | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900WRP19TBSQG0Z89 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 806958 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39737 | 1999–2017 |
Established 1 June 1917. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Midwest Bank's data.
Midwest Bank's data
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Midwest 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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