Applications / Mortgage Analytics / Lenders / Minnesota / The First National Bank of Le Center
Lonsdale, MN · National bank · OCC · $178 million assets · 53 loans in 2025
The First National Bank of Le Center's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
53
loans originated, 2025
55
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The First National Bank of Le Center, a small Minnesota national bank, lends to low- and moderate-income borrowers far more often than its peers, and a quarter of its loans pay for home improvements.
In 2025, 41.5% of its borrowers had low or moderate incomes (LMI), against 22.6% at the typical similar lender, meaning national banks making between half and twice as many loans. That is higher than more than four in five of them. Five years earlier the share was 26.9%, so the tilt has grown.
Home improvement made up 26.4% of its loans, beside 41.5% for purchases and 32.1% for refinances. Every loan was conventional, with no government backing. It lent $10.6 million, less than about four in five similar lenders, although its 53 loans were close to the typical peer's 62 and its typical loan, $175,000, sat near the middle.
It made 53 loans in both 2024 and 2025, while similar lenders grew 3% and the whole market 10%. Its peak came in 2020, with 108 loans, and 94 followed in 2021. Before that it made 47 and 43 a year, so today's volume is above its level before 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The First National Bank of Le Center took 55 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.5% · Refinance 32.1% · Home improvement 26.4%
Conventional 100.0% · of 53 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 | 52 | 98.1% |
| Florida | 1 | 1.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 41 |
| Mankato | 4 |
| Cape Coral-Fort Myers | 1 |
| Duluth | 1 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002XYKZPDHNHJY97 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 986551 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 16921 | 2014–2017 |
Established 1 January 1903. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: The First National Bank of Le Center's data.
The First National Bank of Le Center's data
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The First National 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.
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