Applications / Mortgage Analytics / Lenders / Minnesota / First National Bank Bagley
Bagley, MN · National bank · OCC · $128 million assets · 59 loans in 2025
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59
loans originated, 2025
64
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First National Bank Bagley, a small Minnesota bank, is a manufactured-home lender: such homes made up 23.7% of its 59 loans in 2025, against 1.2% at similar lenders.
Its manufactured-home share was higher than nearly all similar lenders', national banks making between half and twice as many loans. That may help explain why its typical loan, $135,000, was smaller than their $175,000. Yet none of its loans were higher-priced (a rate well above the average for similar loans), against 2.6% at similar lenders.
Low- and moderate-income (LMI) borrowers took 39.5% of its loans, against 22.8% at similar lenders, higher than more than four in five of them. Only 4.4% were in LMI neighborhoods, among the lowest tenth. The five counties where it lends may hold few lower-income tracts.
Its loans rose 51% from 39, faster than nine in ten similar lenders, whose typical growth was 2%. Purchases were 59.3% and refinancing 37.3%. It filed no HMDA report for 2020 to 2022, a gap in the record rather than years without lending.
In Grand Forks, where it has lent since 1994, it ranked 36 of 131 lenders, its share down 0.2 points to 0.4%. Its small loans and lending centered outside the metro may be reasons; at this size a few loans move the share.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. First National Bank Bagley took 64 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 59.3% · Refinance 37.3% · Home improvement 3.4%
Conventional 100.0% · of 59 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 | 45 | 76.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Forks | 11 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OTZJELCR34CD18 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 392255 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 16813 | 1994–2017 |
Established 2 June 1903. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: First National Bank Bagley's data.
First National Bank Bagley's data
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First National Bank Bagley 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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