Applications / Mortgage Analytics / Lenders / Minnesota / MinnStar Bank
Lake Crystal, MN · National bank · OCC · $191 million assets · 59 loans in 2025
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59
loans originated, 2025
61
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
MinnStar Bank, a national bank in Lake Crystal, made 37% more loans in 2025 while similar banks barely grew, and won a larger slice of Mankato.
Its loans rose to 59 from 43. Similar lenders (national banks making between half and twice as many loans) grew 2% and the whole market 10%, so it grew faster than about four in five of its peers. The rise is a recovery as much as a record: it made 75 loans in 2022. It filed no report for 2020 or 2021, which are gaps in the record rather than years without lending.
In Mankato, its largest market, it ranked 16 of 180 lenders and its share of dollars lent rose to 1.8% from 1.4%. United Wholesale Mortgage, Pioneer Bank and Minnwest Bank led the market. It first reported lending there in 2009.
Refinancing made up 45.8% of its loans and purchases 40.7%. Every loan was conventional. Its typical loan, $195,000, was a little above the $175,000 of similar banks and up from $145,000 in 2024.
Low- and moderate-income neighborhoods took 22.0% of its loans, against 16.3% at similar banks, a higher share than about two-thirds. That share more than doubled from 9.3% in 2024.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. MinnStar Bank took 61 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 45.8% · Purchase 40.7% · Other 11.9% · Home improvement 1.7%
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 | 58 | 98.3% |
| Wisconsin | 1 | 1.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Mankato | 39 |
| Minneapolis-St. Paul-Bloomington | 9 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900GWSHKTMAYXI472 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 89854 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 113972 | 2009–2017 |
Established 29 January 1934. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: MinnStar Bank's data.
MinnStar Bank's data
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