Applications / Mortgage Analytics / Lenders / Minnesota / BankCherokee
Saint Paul, MN · State non-member bank · FDIC · $408 million assets · 24 loans in 2025
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24
loans originated, 2025
26
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
BankCherokee, a Saint Paul state bank that has lent in the Twin Cities since 1990, made just 24 home loans in 2025, all conventional and most of them for home purchases.
Its loans fell 29% from 34 in 2024, while similar lenders (state non-member banks making between half and twice as many loans) fell by a typical 7% and the whole market grew 10%. It made 43 loans in 2023 and 44 in 2019. It filed no report for 2020 to 2022; those years are gaps in the record, not years without lending. With so few loans, a handful of deals either way moves every figure.
Its typical loan was $265,000, against $175,000 at similar lenders, larger than at about three in four of them. Every loan was conventional; it made no government-backed loans and none on manufactured homes. Two-thirds were purchases and a quarter refinances, though on 24 loans none of these shares says much.
Nearly all its lending is in Minneapolis-St. Paul-Bloomington, MN-WI, where it ranked 250 of 688 lenders and Bell Bank led. It also lends in non-metro Minnesota, and made its first loan around Naples-Marco Island, FL in 2013. Its loans fall in seven counties across two states, with Minnesota the main one.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. BankCherokee took 26 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 66.7% · Refinance 25.0% · Home improvement 4.2% · Other 4.2%
Conventional 100.0% · of 24 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 | 23 | 95.8% |
| Florida | 1 | 4.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 22 |
| Naples-Marco Island | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900WS1VXVLBPOY323 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 748254 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38537 | 1990–2017 |
Established 15 January 1908. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: BankCherokee's data.
BankCherokee's data
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BankCherokee 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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