National Bank of Commerce in Minnesota vs the state
4.4%Denial rate-9.22 pts vs state
4.7%Decision denial rate-11.64 pts vs state
86.4%Origination rate+20.00 pts vs state
6.75%Median rate+0.13 pts vs state
0.23Rate spread (pts)-0.02 pts vs state
$105kMedian applicant income
355Loans originated
18Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 187 | 162 | 3.7% | 6.75% | #129 |
| 2024 | 179 | 143 | 7.3% | 7.20% | #135 |
| 2025 | 411 | 355 | 4.4% | 6.75% | #91 |
What National Bank of Commerce lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most National Bank of Commerce applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Louis County | 132 | 117 | 7 | 5.3% |
| Crow Wing County | 58 | 53 | 1 | 1.7% |
| Beltrami County | 52 | 41 | 2 | 3.8% |
| Cass County | 24 | 22 | 2 | 8.3% |
| Clearwater County | 14 | 10 | 1 | 7.1% |
| Stevens County | 13 | 12 | 0 | 0.0% |
| Carlton County | 11 | 9 | 0 | 0.0% |
| Itasca County | 10 | 9 | 1 | 10.0% |
| Hennepin County | 9 | 9 | 0 | 0.0% |
| Sherburne County | 8 | 6 | 1 | 12.5% |
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: 411 applications in 2025, of which 355 were originated and 18 denied.
4.4% of all applications, or 4.7% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans National Bank of Commerce originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are National Bank of Commerce'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