Nicolet National Bank in Minnesota vs the state
3.0%Denial rate-10.57 pts vs state
3.2%Decision denial rate-13.12 pts vs state
87.9%Origination rate+21.51 pts vs state
7.41%Median rate+0.79 pts vs state
0.22Rate spread (pts)-0.03 pts vs state
$166kMedian applicant income
29Loans originated
1Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 33 | 30 | 0.0% | 7.50% | #331 |
| 2024 | 28 | 23 | 0.0% | 7.50% | #344 |
| 2025 | 33 | 29 | 3.0% | 7.41% | #334 |
What Nicolet National Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Nicolet National Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Carver County | 12 | 10 | 0 | 0.0% |
| Hennepin County | 9 | 8 | 0 | 0.0% |
| Washington County | 4 | 3 | 1 | 25.0% |
| Wright County | 2 | 2 | 0 | 0.0% |
| Cass County | 1 | 1 | 0 | 0.0% |
| Anoka County | 1 | 1 | 0 | 0.0% |
| Roseau County | 1 | 1 | 0 | 0.0% |
| Dakota County | 1 | 1 | 0 | 0.0% |
| McLeod County | 1 | 1 | 0 | 0.0% |
| Blue Earth 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: 33 applications in 2025, of which 29 were originated and 1 denied.
3.0% of all applications, or 3.2% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Nicolet National Bank originated in Minnesota in 2025 was 7.41%, against a statewide median of 6.63%.
About this data. Figures are Nicolet National 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