MidWestOne Bank in Minnesota vs the state
22.3%Denial rate+8.69 pts vs state
24.6%Decision denial rate+8.25 pts vs state
67.2%Origination rate+0.79 pts vs state
5.99%Median rate-0.63 pts vs state
-1.20Rate spread (pts)-1.45 pts vs state
$107kMedian applicant income
229Loans originated
76Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 377 | 249 | 20.7% | 6.24% | #86 |
| 2024 | 258 | 175 | 19.4% | 6.99% | #107 |
| 2025 | 341 | 229 | 22.3% | 5.99% | #102 |
What MidWestOne Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most MidWestOne Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 67 | 47 | 13 | 19.4% |
| Washington County | 64 | 48 | 11 | 17.2% |
| Anoka County | 49 | 38 | 7 | 14.3% |
| Chisago County | 40 | 25 | 12 | 30.0% |
| Wright County | 30 | 16 | 9 | 30.0% |
| Dakota County | 21 | 16 | 4 | 19.0% |
| Ramsey County | 20 | 8 | 8 | 40.0% |
| Sherburne County | 12 | 8 | 3 | 25.0% |
| Scott County | 6 | 2 | 2 | 33.3% |
| Isanti County | 5 | 1 | 3 | 60.0% |
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: 341 applications in 2025, of which 229 were originated and 76 denied.
22.3% of all applications, or 24.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans MidWestOne Bank originated in Minnesota in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are MidWestOne 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