Applications / Mortgage Analytics / Lenders / Minnesota / The First National Bank of Milaca
Milaca, MN · National bank · OCC · $284 million assets · 73 loans in 2025
The First National Bank of Milaca's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
73
loans originated, 2025
98
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The First National Bank of Milaca makes most of its loans in low- and moderate-income neighborhoods, and nearly a quarter of them on manufactured homes.
In 2025, 67.1% of its loans went to low- and moderate-income (LMI) neighborhoods, against 15.9% at the typical similar lender, meaning national banks making between half and twice as many loans. Almost no peer had a higher share. Its borrowers lean the same way: 54.1% had LMI incomes, against 23.3%.
Manufactured homes made up 23.3% of its loans, against 1.2% for the typical peer. That may go a long way to explain its small loans. Its typical loan was $115,000, against $182,500, and it lent $11.5 million in all. On both counts it sat in the lowest fifth of peers.
It made 73 loans, up 22% on 2024, faster than the 3% of similar lenders and the whole market's 10%. It filed no report for 2020 to 2022; those are gaps in the record, not years without lending. Before them it made 74 loans in 2018.
It ranked 88 of 243 lenders in St. Cloud, its best-ranked market, with a share of 0.1%. It has reported since 2003 and lends in one state.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. The First National Bank of Milaca took 98 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 53.4% · Refinance 26.0% · Other 12.3% · Home improvement 8.2%
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 |
|---|---|---|
| Minnesota | 73 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 57 |
| St. Cloud | 6 |
| Mankato | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LX1HMON836J004 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 924357 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 19050 | 2003–2017 |
Established 24 August 1897. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: The First National Bank of Milaca's data.
The First National Bank of Milaca's data
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The First National Bank of Milaca 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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