Applications / Mortgage Analytics / Lenders / Minnesota / Falcon National Bank
Foley, MN · National bank · OCC · $921 million assets · 45 loans in 2025
Falcon National Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
45
loans originated, 2025
71
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Falcon National Bank's share of the St. Cloud market rose to 2.3% from 0.3% in 2025, even as it made fewer loans.
In St. Cloud, where it has lent since at least 1990, it ranked 12 of 243 lenders. In Duluth its share rose to 0.7% from 0.1%. Its dollar total rose to $42.2 million from $23.6 million, higher than about nine in ten similar lenders, national banks making between half and twice as many loans. It lends in 16 counties, mainly in Minnesota.
Its loans fell 10% to 45, while similar lenders grew 2%. It filed no report for 2020 to 2022, and it made 85 loans in 2018. Purchases were 68.9% of its loans, so its volume may follow home sales in its markets.
40.0% of its loans went to low- and moderate-income (LMI) borrowers, against 23.6% at similar lenders, higher than about four in five of them. In LMI neighborhoods its share was 25.0%, against 16.7%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 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. Falcon National Bank took 71 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.9% · Refinance 15.6% · Other 8.9% · Home improvement 6.7%
Conventional 100.0% · of 45 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 | 41 | 91.1% |
| Wisconsin | 3 | 6.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 19 |
| St. Cloud | 15 |
| Duluth | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900QRJBX9155TRB79 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3184228 | 2006–2023 |
| Respondent ID (the HMDA filer code before 2018) | 124373 | 2006–2017 |
Established 1 July 2003. Reported under HMDA 2006-2025.
Mergers, name changes, data editions and corrections: Falcon National Bank's data.
Falcon National Bank's data
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Falcon National 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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