Applications / Mortgage Analytics / Lenders / Minnesota / Bonanza Valley State Bank
Brooten, MN · State non-member bank · FDIC · $80.4 million assets · 44 loans in 2025
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44
loans originated, 2025
45
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bonanza Valley State Bank, a small Minnesota bank, is mostly a refinance lender, and more of its borrowers have low or moderate incomes than at almost any similar lender.
Refinancing made up 75.0% of its 44 loans in 2025; purchases were just 18.2%. Its lending rose 5%, near the middle of similar lenders, lenders of the same type making between half and twice as many loans. The whole market grew 10%.
Its typical loan was $90,000, the same as the year before, against $165,000 for similar lenders. That is lower than about nine in ten of them. Small refinances may be part of the reason. Its total lending, $5.6 million, was among the lowest tenth of the group.
Borrowers with low or moderate incomes received 61.9% of its loans, against 28.2% at similar lenders, a higher share than almost all of them. It was 40.0% the year before. With 44 loans, the figure rests on a small number of borrowers.
It ranks 71 of 243 lenders in St. Cloud, with 0.3% of lending, unchanged from the year before. It has lent there since at least 1990. It filed no report for 2020 to 2022, a gap in the record rather than years without lending.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Bonanza Valley State Bank took 45 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 75.0% · Purchase 18.2% · Home improvement 4.5% · Other 2.3%
Conventional 100.0% · of 44 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 | 44 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| St. Cloud | 19 |
| Minneapolis-St. Paul-Bloomington | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493009OGIRBMW7R8T35 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 107758 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 310993 | 1990–2017 |
Established 22 February 1894. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Bonanza Valley State Bank's data.
Bonanza Valley State Bank's data
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