Applications / Mortgage Analytics / Lenders / Minnesota / First Resource Bank
Lino Lakes, MN · State non-member bank · FDIC · $827 million assets · 69 loans in 2025
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69
loans originated, 2025
72
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Resource Bank, of Lino Lakes, Minnesota, is a Twin Cities bank that makes big loans, and its lending grew faster in 2025 than at four in five similar lenders.
Its loans rose 38% to 69, against 9% at similar lenders (state non-member banks making between half and twice as many loans). The dollar value more than doubled, to $74.0 million from $32.8 million. It remains below its 2022 peak of 137 loans.
Its typical loan was $465,000, against $175,000 at similar lenders, higher than at more than nine in ten of them. Jumbo loans (larger than the conforming limit) made up 14.8% of its lending, against 1.7%. All its loans were conventional.
Low- and moderate-income (LMI) borrowers took 6.2% of its loans, against 27.5% at similar lenders, among the lowest tenth of them. Its large loans may be one reason, since bigger loans tend to go to higher earners. Its share of loans in LMI neighborhoods, 21.2%, was a little above the middle of its peers.
It first lent in Grand Forks in 2025 and took 2.3% of that market at once, ranking 14 of 131. In Minneapolis-St. Paul-Bloomington, where it has lent since 1990, it ranked 118 of 688 with 0.1%; Bell Bank led.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Resource Bank took 72 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 59.4% · Refinance 40.6%
Conventional 100.0% · of 69 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 | 55 | 79.7% |
| Florida | 5 | 7.2% |
| North Dakota | 3 | 4.3% |
| Wisconsin | 3 | 4.3% |
| Colorado | 1 | 1.4% |
| Nebraska | 1 | 1.4% |
| Washington | 1 | 1.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 50 |
| Grand Forks | 2 |
| Naples-Marco Island | 2 |
| Cape Coral-Fort Myers | 1 |
| Denver-Aurora-Centennial | 1 |
| Duluth | 1 |
| Fargo | 1 |
| Omaha | 1 |
| Orlando-Kissimmee-Sanford | 1 |
| Punta Gorda | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900G7NNSN8LRSPM89 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3314043 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 358039 | 2014–2015 |
Established 27 June 2005. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: First Resource Bank's data.
First Resource Bank's data
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First Resource 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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