A small, purchase-led book
Its loans fell 20%, to 20 from 25, and from 31 in 2023. Similar lenders (state non-member banks making between half and twice as many loans) fell 13%. Purchases made up 80.0% of its loans.
Applications / Mortgage Analytics / Lenders / North Dakota / The Union Bank
The Union Bank
Beulah, ND · State non-member bank · FDIC · $327 million assets · 20 loans in 2025
The Union Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
20
loans originated, 2025
23
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Union Bank, of Beulah, North Dakota, is a very small lender, with 20 home loans in 2025, most of them for home purchases.
Rural ground
Its largest market is non-metro North Dakota, where it ranked 34th of 191 lenders; Gate City Bank leads there. In Bismarck it ranked 95th of 145, with 0.1% of lending, unchanged on 2024.
Too few loans to judge
Some of its loans were guaranteed by the Department of Agriculture's Rural Housing Service and some were for manufactured homes, but with 20 loans each such share rests on two or three borrowers. The bank first reported under the Home Mortgage Disclosure Act in 2014 and filed no report for 2018 to 2022; those are gaps in the record, not years without lending.
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, 2023–2025
20 loans in 2025, against a peak of 31 in 2023.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Union Bank took 23 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
80.0% of its 2025 loans were purchase loans; 85.0% were conventional loans.
Purchase 80.0% · Home improvement 10.0% · Refinance 10.0%
Conventional 85.0% · USDA (RHS or FSA) 15.0% · of 20 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
2 states, 1 metro, 4 counties
| State | Loans | Share |
|---|---|---|
| North Dakota | 19 | 95.0% |
| Montana | 1 | 5.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Bismarck | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 8945000AM2179BQQ2C24 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 852254 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39420 | 2014–2017 |
Established 1 January 1899. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: The Union Bank's data.
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