Applications / Mortgage Analytics / Lenders / Minnesota / Security Bank & Trust Company
Glencoe, MN · State non-member bank · FDIC · $1.3 billion assets · 114 loans in 2025
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114
loans originated, 2025
119
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Bank & Trust Company, a Minnesota bank that has absorbed several smaller banks, lends to borrowers of modest income far more than most similar banks.
Of its borrowers, 43.8% had low or moderate incomes (LMI), up from 36.5% in 2024. That is higher than at about nine in ten similar lenders, state non-member banks making between half and twice as many loans, where the typical figure is 27.9%. Its share in poorer neighborhoods, 16.2%, sits a little below the middle.
It made 114 loans, 16% fewer than the 136 of 2024, while similar lenders grew 9% and the whole market 10%. The 2024 figure was itself far above the 50 of 2023. It merged with Cambridge State Bank and Flagship Bank Minnesota in 2024, which may account for part of that jump. It filed no report for 2020 to 2022, a gap in the record rather than years without lending.
Its typical loan was $225,000, against $175,000 at similar lenders. Its lending in dollars, $45.9 million, was higher than at about three-quarters of them, though its count of loans sits near the middle. Every loan was conventional.
In Minneapolis-St. Paul-Bloomington it ranks 123 of 688 lenders, with 0.1% of the market, down 0.1 points; Bell Bank and United Wholesale Mortgage lead. The fall in its own loan count may explain the slip. Its shares in Duluth and Fargo held steady.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Security Bank & Trust Company took 119 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 45.6% · Refinance 43.0% · Other 6.1% · Home improvement 5.3%
Conventional 100.0% · of 114 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 | 110 | 96.5% |
| North Dakota | 2 | 1.8% |
| Florida | 1 | 0.9% |
| Wisconsin | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 76 |
| Duluth | 2 |
| Fargo | 2 |
| Naples-Marco Island | 1 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900J2U7OF6AWF3P54 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1001059 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315324 | 2014–2017 |
Established 12 October 1935. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: Security Bank & Trust Company's data.
Security Bank & Trust Company's data
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Security Bank & Trust Company 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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