Applications / Mortgage Analytics / Lenders / Minnesota / Security State Bank of Marine
Marine On St. Croix, MN · State non-member bank · FDIC · $232 million assets · 90 loans in 2025
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90
loans originated, 2025
104
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security State Bank of Marine is a Minnesota bank that lends mainly to home buyers, and its loans are bigger than those of most banks its size.
Purchases made up 72.2% of its 90 loans in 2025. Its loans grew by 11%, close to the 9% at the typical similar lender, meaning state non-member banks making between half and twice as many loans. It filed no report for 2020 to 2022, so the record has a gap rather than a lull.
Its typical loan was $250,000, against $175,000 at similar banks, larger than at about four in five of them. It made no manufactured-home loans, where peers made 3.0%.
Some 20.3% of its loans went to low- and moderate-income (LMI) borrowers, against 27.6% at similar banks; 13.3% went to poorer neighborhoods, against 18.3%. Both are below most peers. Plausible reasons include its focus on purchases and its larger loans, which may suit buyers with higher incomes.
It has lent in Minneapolis-St. Paul since at least 1990, but ranks 151 of 688 there with 0.1% of the market. Bell Bank and United Wholesale Mortgage lead.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 State Bank of Marine took 104 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.2% · Home improvement 11.1% · Refinance 11.1% · Other 5.6%
Conventional 100.0% · of 90 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 | 86 | 95.6% |
| Wisconsin | 4 | 4.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 82 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OQMIO8XPU2KT43 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 990053 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 310163 | 1990–2017 |
Established 12 May 1919. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Security State Bank of Marine's data.
Security State Bank of Marine's data
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Security State Bank of Marine 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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