Applications / Mortgage Analytics / Lenders / Minnesota / First State Bank of Le Center
Le Center, MN · State non-member bank · FDIC · $114 million assets · 47 loans in 2025
First State Bank of Le Center's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
47
loans originated, 2025
51
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank of Le Center, a small Minnesota bank, lends unusually often to low- and moderate-income (LMI) borrowers: 50.0% of its loans in 2025, against 27.5% at similar lenders.
That share was higher than more than nine in ten similar lenders (state non-member banks making between half and twice as many loans), and it was 62.2% in 2024. Yet only 6.4% of its loans were in LMI neighborhoods, against 18.4%, and none were in majority-minority areas. Its smaller loans fit lower-income borrowers, and the places it serves may hold few LMI or majority-minority neighborhoods; county detail would show whether they do.
Purchases made up 40.4% of its loans and refinancing 38.3%, all conventional. Its typical loan, $125,000, was lower than about three in four similar lenders, against $165,000, and its $7.2 million in lending was about half their $14.3 million.
Its 47 loans were 15% more than in 2024, against 3% at similar lenders. Its count has stayed in a narrow band since it first reported in 2014: 45 in 2018 and 55 in 2023, with no report for 2020 to 2022. In Mankato its share rose from 0.0% to 0.2%; it ranks 48 of 180 lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. First State Bank of Le Center took 51 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 40.4% · Refinance 38.3% · Home improvement 12.8% · Other 8.5%
Conventional 100.0% · of 47 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 | 46 | 97.9% |
| Florida | 1 | 2.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 23 |
| Mankato | 7 |
| Ocala | 1 |
| St. Cloud | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549007Q0B6XK1XTYG16 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 986159 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39330 | 2014–2017 |
Established 1 January 1902. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: First State Bank of Le Center's data.
First State Bank of Le Center's data
$215
First State Bank of Le Center 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.
Buy First State Bank of Le Center's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]