Applications / Mortgage Analytics / Lenders / Wisconsin / Dairy State Bank
Rice Lake, WI · State non-member bank · FDIC · $732 million assets · 110 loans in 2025
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110
loans originated, 2025
150
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Dairy State Bank made fewer loans in 2025 but lent more money, and it lends to low- and moderate-income borrowers far more than most similar banks.
It made 110 loans, down 17% from 133. Similar lenders, state non-member banks making between half and twice as many loans, grew 9%, and its change was lower than about nine in ten of theirs. Yet the amount it lent rose from $23.0 million to $33.0 million, as its typical loan rose from $125,000 to $175,000, in line with peers.
Low- and moderate-income (LMI) borrowers took 39.8% of its loans, against 27.6% at peers, more than at over four in five of them. In 2020 the share was 26.3%. Its shares in poorer neighborhoods, 10.0% against 18.3%, and in majority-minority areas, 0.0% against 6.3%, were lower. That may reflect where it lends: mostly non-metro Wisconsin and smaller metros such as Eau Claire and Wausau.
Its share in Eau Claire rose from 0.3% to 0.5%, and it ranked 38 of 220 lenders. In Wausau its share rose from 0.0% to 0.2%. In non-metro Wisconsin, its largest market, it ranked 71 of 659.
It made 489 loans in 2020 and fewer in each year since. The data give no reason. Demand in its markets may have cooled after 2020, rather than the bank changing course.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Dairy State Bank took 150 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.5% · Refinance 32.7% · Other 8.2% · Home improvement 3.6%
Conventional 100.0% · of 110 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 |
|---|---|---|
| Wisconsin | 109 | 99.1% |
| Minnesota | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Eau Claire | 16 |
| Minneapolis-St. Paul-Bloomington | 3 |
| Duluth | 2 |
| Wausau | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006KT1XNB09W2M78 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 57451 | 2017–2023 |
| Respondent ID (the HMDA filer code before 2018) | 317162 | 2017–2017 |
Established 2 January 1953. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: Dairy State Bank's data.
Dairy State Bank's data
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Dairy State 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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