First Bank & Trust in Minnesota vs the state
15.2%Denial rate+1.64 pts vs state
19.7%Decision denial rate+3.39 pts vs state
61.4%Origination rate-4.99 pts vs state
7.00%Median rate+0.37 pts vs state
0.68Rate spread (pts)+0.43 pts vs state
$102kMedian applicant income
302Loans originated
75Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 524 | 356 | 12.8% | 6.88% | #64 |
| 2024 | 520 | 339 | 16.2% | 7.25% | #77 |
| 2025 | 492 | 302 | 15.2% | 7.00% | #83 |
What First Bank & Trust lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most First Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pipestone County | 96 | 55 | 14 | 14.6% |
| Hennepin County | 47 | 23 | 8 | 17.0% |
| Scott County | 46 | 33 | 10 | 21.7% |
| Isanti County | 45 | 22 | 9 | 20.0% |
| Anoka County | 23 | 16 | 2 | 8.7% |
| Sherburne County | 22 | 8 | 4 | 18.2% |
| Le Sueur County | 21 | 15 | 2 | 9.5% |
| Dakota County | 20 | 18 | 0 | 0.0% |
| Mille Lacs County | 19 | 13 | 4 | 21.1% |
| Lincoln County | 18 | 11 | 3 | 16.7% |
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: 492 applications in 2025, of which 302 were originated and 75 denied.
15.2% of all applications, or 19.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans First Bank & Trust originated in Minnesota in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are First Bank & Trust'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