Applications / Mortgage Analytics / Lenders / North Dakota / First State Bank
Buxton, ND · State non-member bank · FDIC · $410 million assets · 82 loans in 2025
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82
loans originated, 2025
83
applications, 2025
14
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank, based in Buxton, North Dakota, is a conventional home-purchase lender of typical size for its peers, with Grand Forks its main market and new loans in states far from home.
Its 82 loans matched the typical count at similar lenders (state non-member banks making between half and twice as many loans) and were 15% more than in 2024, against 9% for its peers. Its volume barely moves: 83 loans in 2018, 82 in 2019 and 86 in 2022. It filed no report for 2020 or 2021.
Purchases made up 61.0% of its loans, all conventional, and it made none on manufactured homes. Its typical loan, $195,000, was higher than about six in ten similar lenders, against $172,500.
In Grand Forks, where it has lent since 1990, its share fell from 2.2% to 1.7%; it ranks 19 of 131 lenders. In 2025 it entered North Port-Bradenton-Sarasota, Charleston-North Charleston, Lexington-Fayette and Chicago, and it now lends in 14 states. More of its lending going elsewhere could explain the slip at home; faster growth by competitors there could too.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 State Bank took 83 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.0% · Refinance 28.0% · Home improvement 6.1% · Other 4.9%
Conventional 100.0% · of 82 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 |
|---|---|---|
| North Dakota | 61 | 74.4% |
| Minnesota | 4 | 4.9% |
| Florida | 2 | 2.4% |
| Illinois | 2 | 2.4% |
| Kentucky | 2 | 2.4% |
| South Carolina | 2 | 2.4% |
| Texas | 2 | 2.4% |
| Kansas | 1 | 1.2% |
| Maryland | 1 | 1.2% |
| Missouri | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Forks | 38 |
| Fargo | 8 |
| Charleston-North Charleston | 2 |
| Chicago-Naperville-Schaumburg | 2 |
| Bismarck | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Columbus | 1 |
| Elizabethtown | 1 |
| Fort Worth-Arlington-Grapevine | 1 |
| Frederick-Gaithersburg-Bethesda | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300R8N9KVQUKVNJ71 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 917050 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315539 | 1990–2017 |
Established 1 January 1885. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First State Bank's data.
First State Bank's data
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First 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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