First State Bank and Trust in Minnesota vs the state
9.9%Denial rate-3.69 pts vs state
12.8%Decision denial rate-3.56 pts vs state
65.8%Origination rate-0.60 pts vs state
—Median rate
—Rate spread (pts)
$113kMedian applicant income
73Loans originated
11Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 89 | 69 | 9.0% | — | #197 |
| 2024 | 116 | 72 | 16.4% | — | #172 |
| 2025 | 111 | 73 | 9.9% | — | #191 |
What First State Bank and Trust lends in Minnesota
By loan purpose
By loan type
Where in Minnesota
Counties with the most First State Bank and Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washington County | 67 | 44 | 7 | 10.4% |
| Hennepin County | 16 | 10 | 1 | 6.3% |
| Ramsey County | 11 | 7 | 2 | 18.2% |
| Dakota County | 6 | 4 | 0 | 0.0% |
| Carver County | 1 | 1 | 0 | 0.0% |
| Pine County | 1 | 1 | 0 | 0.0% |
| Itasca County | 1 | 1 | 0 | 0.0% |
| Anoka County | 1 | 1 | 0 | 0.0% |
| Nicollet County | 1 | 0 | 0 | 0.0% |
| Goodhue County | 1 | 0 | 1 | 100.0% |
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: 111 applications in 2025, of which 73 were originated and 11 denied.
9.9% of all applications, or 12.8% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are First State Bank and 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