Applications / Mortgage Analytics / Lenders / Wisconsin / River Falls State Bank
River Falls, WI · State non-member bank · FDIC · $138 million assets · 73 loans in 2025
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73
loans originated, 2025
78
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
River Falls State Bank, a small Wisconsin bank whose main market is Minneapolis-St. Paul, made 40% more home loans in 2025, and more of its loans went to low- and moderate-income borrowers than at most similar lenders.
Its loans rose 40% in 2025, from 52 to 73, while similar lenders (state non-member banks making between half and twice as many loans) grew 9% and the whole market 10%. That is faster than more than four in five of them. It remains well below the 158 it made in 2021. The bank filed no report for 2020, a gap in the record rather than a year without lending.
Some 41.7% of its loans went to low- and moderate-income borrowers, against 27.1% at similar lenders, a higher share than more than four in five. Only 4.5% went to low- and moderate-income neighborhoods, against 18.5%. It lends in only four counties, so that figure may depend on how many such neighborhoods those counties hold.
In Minneapolis-St. Paul it ranks 174 of 688 lenders with 0.1% of the dollars, unchanged; Bell Bank leads there. In non-metro Wisconsin it ranks 621 of 659.
Purchases made up 50.7% of its loans and refinancing 34.2%. Every loan was conventional, none was for a manufactured home and none was jumbo (larger than the conforming limit). Its typical loan, $225,000, was larger than the $172,500 at similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. River Falls State Bank took 78 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.7% · Refinance 34.2% · Home improvement 9.6% · Other 5.5%
Conventional 100.0% · of 73 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 | 64 | 87.7% |
| Minnesota | 2 | 2.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 65 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RP0N2VARTRFQ77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 955753 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316840 | 1994–2017 |
Established 3 October 1949. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: River Falls State Bank's data.
River Falls State Bank's data
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