Applications / Mortgage Analytics / Lenders / North Dakota / Dakota Heritage Bank
Hunter, ND · State non-member bank · FDIC · $425 million assets · 62 loans in 2025
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62
loans originated, 2025
66
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Dakota Heritage Bank lends heavily on manufactured homes, and most of its borrowers have low or moderate incomes.
Manufactured homes took 24.2% of its loans, against 2.7% at similar lenders (state non-member banks making between half and twice as many loans), more than at over nine in ten of them. That fits its small loans: a typical $95,000, against $165,000 at peers.
Low- and moderate-income (LMI) borrowers took 57.4% of its loans, against 26.9% at peers, more than at nearly all of them, and up from 47.6%. Smaller loans on manufactured homes may reach lower-income buyers. Only 4.8% of its loans were in poorer neighborhoods and none in majority-minority areas. That may reflect its rural markets in non-metro Minnesota and North Dakota.
Its loans rose 29%, from 48 to 62, against 8% for peers and 10% for the whole market, faster than about three-quarters of peers. It filed no report from 2018 to 2022, so its record restarts in 2023. Those years are a gap, not a pause in lending.
It has lent in Fargo since at least 1990, with an unchanged 0.1% share. In Grand Forks, where it has lent since 2005, it ranked 51 of 131 lenders with an unchanged 0.2%.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Dakota Heritage Bank took 66 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 46.8% · Refinance 43.5% · Home improvement 8.1% · Other 1.6%
Conventional 100.0% · of 62 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 | 39 | 62.9% |
| North Dakota | 23 | 37.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Forks | 10 |
| Fargo | 7 |
| Minot | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900R1W1FMZ4RIZ113 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 860352 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316231 | 1990–2016 |
Established 8 February 1945. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Dakota Heritage Bank's data.
Dakota Heritage Bank's data
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Dakota Heritage 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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