Applications / Mortgage Analytics / Lenders / Minnesota / Northeast Bank
Minneapolis, MN · State non-member bank · FDIC · $829 million assets · 28 loans in 2025
Northeast Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
28
loans originated, 2025
28
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northeast Bank, a Minneapolis bank that has reported since 1990, is a small home-purchase lender whose loans fell by about a third in 2025.
Purchases made up 71.4% of its 28 loans, refinances 17.9% and home improvement 10.7%. All were conventional. Its typical loan was $245,000, against $175,000 at similar lenders, which are state non-member banks making between half and twice as many loans.
Its loans fell 35%, to 28 from 43, while similar lenders held steady and the whole market grew 10%. That is a steeper fall than at almost nine in ten similar lenders. It filed no report for 2020 to 2022; those are gaps, not years without lending. It made 47 loans in 2018.
Low- and moderate-income (LMI) neighborhoods took 32.1% of its loans, against 18.8% at similar lenders. The share was 27.9% in 2024, on 43 loans, so the pattern holds across two years. Its lending centers on one metro, Minneapolis-St. Paul-Bloomington, which may explain it.
In Minneapolis-St. Paul-Bloomington it ranked 233 of 688 lenders, in a market Bell Bank led. It was called 13th Avenue State Bank of Minneapolis until 1996.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Northeast Bank took 28 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.4% · Refinance 17.9% · Home improvement 10.7%
Conventional 100.0% · of 28 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 | 28 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 27 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001FOLPDJ44AZD23 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 689357 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316659 | 1990–2017 |
Established 3 January 1948. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Northeast Bank's data.
Northeast Bank's data
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