Applications / Mortgage Analytics / Lenders / North Dakota / First United Bank
Park River, ND · State non-member bank · FDIC · $724 million assets · 61 loans in 2025
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61
loans originated, 2025
68
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First United Bank, which first reported in 2023, lends to more low- and moderate-income (LMI) borrowers than about four in five similar lenders.
It made 61 loans in 2025, down 8% from 66, while similar lenders (state non-member banks making between half and twice as many loans) rose 8% and the market 10%. It filed no report for 2018 to 2022; those are gaps in the record, not years without lending.
LMI borrowers took 38.0% of its loans, against 26.9% at peers. LMI areas took 13.1%, down from 22.7% and below peers' 18.5%. It made no loans in majority-minority areas. The North Dakota markets it mainly serves may have few of them.
Its typical loan rose to $205,000 from $145,000 in 2024. That was higher than at more than half of peers, whose typical loan was $170,000. Purchases made up 49.2% of its loans and refinances 39.3%, all conventional.
It ranked 33 of 191 lenders in non-metro North Dakota, where Gate City Bank led. In Fargo its share fell 0.4 points to 0.2%, a rank of 46 of 207, behind Bell Bank and Gate City Bank. Its own fall in lending may be one reason.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. First United Bank took 68 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 49.2% · Refinance 39.3% · Other 8.2% · Home improvement 3.3%
Conventional 100.0% · of 61 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 | 56 | 91.8% |
| Minnesota | 3 | 4.9% |
| Arizona | 2 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 19 |
| Grand Forks | 4 |
| Phoenix-Mesa-Chandler | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493000N2MFQSET3L013 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1011955 | 2023–2023 |
Established 1 January 1886. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: First United Bank's data.
First United Bank's data
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First United 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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