Applications / Mortgage Analytics / Lenders / Minnesota / Kensington Bank
Kensington, MN · State non-member bank · FDIC · $446 million assets · 56 loans in 2025
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56
loans originated, 2025
70
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Kensington Bank, a Minnesota bank, held its lending steady at 56 loans in 2025, mostly small conventional loans spread over 22 counties in three states.
It made 56 loans, against 58 the year before, a fall of 3% while similar banks (state non-member banks making between half and twice as many loans) grew by 7%. It filed no report for 2020, 2021 and 2022; those are gaps in the record, not years without lending. When it reported again, in 2023, it made 65.
Its typical loan was $125,000, against $167,500 at its peers; about three in four lend more per loan. Home improvement accounts for 14.3% of its loans and manufactured homes for 8.9%, against 2.7% at its peers. Both may keep the typical amount down.
Its largest market is non-metro Minnesota, where it ranks 141 of 536 lenders. In St. Cloud its share slipped to 0.0% from 0.2%; with so few loans there, a handful more or less moves the figure. Its market figures include the filings of two banks it merged with, State Bank of Cokato in 2012 and North American State Bank in 2018.
Low- and moderate-income borrowers took 30.0% of its loans, close to the 27.0% at its peers. Majority-minority neighborhoods took 1.8%, against 6.6%, which may reflect a rural footprint with few such neighborhoods.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Kensington Bank took 70 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 46.4% · Refinance 32.1% · Home improvement 14.3% · Other 7.1%
Conventional 100.0% · of 56 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 | 54 | 96.4% |
| Texas | 1 | 1.8% |
| Wisconsin | 1 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 16 |
| St. Cloud | 2 |
| Dallas-Plano-Irving | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q9WQZE336R0U94 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 58757 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 31409 | 2013–2017 |
Established 1 January 1898. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Kensington Bank's data.
Kensington Bank's data
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Kensington 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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