Applications / Mortgage Analytics / Lenders / Wisconsin / National Bank of Commerce
Superior, WI · National bank · OCC · $2.2 billion assets · 502 loans in 2025
National Bank of Commerce's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
502
loans originated, 2025
589
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
National Bank of Commerce more than doubled its mortgage lending in 2025, to 502 loans from 235, and ranked 2 of 318 lenders in Duluth.
Originations rose 114%, more than at any similar lender (national banks making between half and twice as many loans); the typical one grew 5%. Its merger with RiverWood Bank in 2024 may account for part of the rise, as may a larger presence in markets such as La Crosse-Onalaska and St. Cloud.
It has lent in Duluth since at least 1990. There it ranked 2 of 318 with 5.0%, behind North Shore Bank of Commerce. Its shares rose in La Crosse-Onalaska to 0.9% and in St. Cloud to 0.8%.
Borrowers with low or moderate incomes (LMI) took 32.6% of its loans, against 26.4% at similar lenders, higher than about three in four of them. Five years before, the share was 18.4%. Its share in poorer neighborhoods, 15.6%, was close to its peers'.
It turned down 1.4% of home-purchase applications, against 6.2% at similar lenders, among the lowest tenth of them. Home purchases made up 57.8% of its loans and refinances 32.7%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. National Bank of Commerce took 589 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 57.8% · Refinance 32.7% · Home improvement 5.8% · Other 3.8%
Conventional 100.0% · of 502 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 | 353 | 70.3% |
| Wisconsin | 142 | 28.3% |
| Missouri | 1 | 0.2% |
| Montana | 1 | 0.2% |
| South Carolina | 1 | 0.2% |
| Texas | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Duluth | 245 |
| Minneapolis-St. Paul-Bloomington | 34 |
| St. Cloud | 5 |
| Mankato | 2 |
| Austin-Round Rock-San Marcos | 1 |
| Billings | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Fargo | 1 |
| Grand Forks | 1 |
| La Crosse-Onalaska | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YSSK1TDPTWQ036 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 775456 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 114109 | 1990–2017 |
Established 7 February 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: National Bank of Commerce's data.
National Bank of Commerce's data
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National Bank of Commerce 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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