Applications / Mortgage Analytics / Lenders / Wisconsin / Northern State Bank
Ashland, WI · State non-member bank · FDIC · $331 million assets · 110 loans in 2025
Northern State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
110
loans originated, 2025
158
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northern State Bank makes small loans in northern Wisconsin, many of them on manufactured homes and in poorer neighborhoods, and it held steady at 110 loans in 2025.
Its typical loan was $95,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans), lower than more than nine in ten of them. Manufactured homes took 13.6% of its loans, against 3.3% at the typical peer. Refinances were 46.4% of its lending and purchases 37.3%.
Low- and moderate-income neighborhoods (LMI tracts) took 38.2% of its loans, against 18.2% at peers, higher than about nine in ten of them. Low- and moderate-income borrowers took 35.7%, against 27.6%. Its small loans and its manufactured-home lending may both help explain this.
Its loans rose 3%, from 107 to 110, while similar lenders grew 9% and the whole market 10%. It made 115 loans five years earlier and 166 in 2018, so its volume has drifted down over several years.
It first reported in 2011, after merging with State Bank of Aurora in 2010; counting that bank's filings, it has lent in Duluth since at least 1990. There it ranks 86 of 318 lenders, behind North Shore Bank of Commerce. It entered Green Bay in 2025.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northern State Bank took 158 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 46.4% · Purchase 37.3% · Other 11.8% · Home improvement 4.5%
Conventional 100.0% · of 110 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 |
|---|---|---|
| Wisconsin | 99 | 90.0% |
| Minnesota | 11 | 10.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Duluth | 12 |
| Green Bay | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900X5QCTPBYKG4S42 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 625757 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315242 | 2011–2017 |
Established 5 September 1933. Reported under HMDA 2011-2025.
Mergers, name changes, data editions and corrections: Northern State Bank's data.
Northern State Bank's data
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Northern 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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