Applications / Mortgage Analytics / Lenders / Minnesota / 21st Century Bank
Loretto, MN · State non-member bank · FDIC · $876 million assets · 42 loans in 2025
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42
loans originated, 2025
47
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
21st Century Bank makes few loans but large ones, mostly to buy homes, and Minneapolis-St. Paul is its biggest market.
Its typical loan was $295,000, against $165,000 at similar lenders (state non-member banks making between half and twice as many loans), larger than more than eight in ten of them. It made fewer loans than about two-thirds of them, yet its $26.6 million was more than about four in five lent. Purchases were 66.7% of its loans, and all were conventional.
It made 42 loans in 2025, up 50% from 28, while similar lenders grew 2% and the whole market 10%. It reported 85 loans in 2018. It filed no report for 2020 to 2022; those years are gaps in the record, not years without lending.
Of its loans, 35.7% were in low- and moderate-income (LMI) areas, against 19.0% at similar lenders, higher than more than eight in ten. And 16.7% were in majority-minority areas, against 5.6%. Its lending is concentrated in ten Minnesota counties, and where their LMI areas lie may explain the difference from banks elsewhere.
It has lent in Minneapolis-St. Paul-Bloomington since 1990. It ranks 139 of 688 lenders there, with 0.1% of a $27.60B market, unchanged from 2024. Bell Bank leads, followed by United Wholesale Mortgage.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. 21st Century Bank took 47 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 66.7% · Refinance 26.2% · Home improvement 7.1%
Conventional 100.0% · of 42 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 | 42 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 39 |
| Duluth | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300M3TJGNW53OWQ30 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 340256 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39751 | 1990–2017 |
Established 2 June 1917. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: 21st Century Bank's data.
21st Century Bank's data
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21st Century 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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