Dacotah Bank in Minnesota vs the state
10.7%Denial rate-2.89 pts vs state
12.5%Decision denial rate-3.85 pts vs state
75.0%Origination rate+8.63 pts vs state
6.60%Median rate-0.03 pts vs state
0.68Rate spread (pts)+0.42 pts vs state
$77kMedian applicant income
21Loans originated
3Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 19 | 0.0% | 6.75% | #362 |
| 2024 | 24 | 22 | 8.3% | 6.94% | #366 |
| 2025 | 28 | 21 | 10.7% | 6.60% | #346 |
What Dacotah Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Dacotah Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Stevens County | 12 | 8 | 2 | 16.7% |
| Clay County | 3 | 3 | 0 | 0.0% |
| Otter Tail County | 3 | 3 | 0 | 0.0% |
| Traverse County | 2 | 1 | 1 | 50.0% |
| Becker County | 1 | 1 | 0 | 0.0% |
| Anoka County | 1 | 1 | 0 | 0.0% |
| Scott County | 1 | 1 | 0 | 0.0% |
| Kandiyohi County | 1 | 1 | 0 | 0.0% |
| Pipestone County | 1 | 0 | 0 | 0.0% |
| Douglas County | 1 | 1 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 28 applications in 2025, of which 21 were originated and 3 denied.
10.7% of all applications, or 12.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Dacotah Bank originated in Minnesota in 2025 was 6.60%, against a statewide median of 6.63%.
About this data. Figures are Dacotah Bank's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology