North Shore Bank of Commerce in Minnesota vs the state
4.4%Denial rate-9.17 pts vs state
4.7%Decision denial rate-11.61 pts vs state
83.7%Origination rate+17.28 pts vs state
6.63%Median rate0.00 pts vs state
0.29Rate spread (pts)+0.04 pts vs state
$110kMedian applicant income
491Loans originated
26Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 546 | 490 | 2.8% | 6.50% | #62 |
| 2024 | 625 | 549 | 4.6% | 6.75% | #64 |
| 2025 | 587 | 491 | 4.4% | 6.63% | #73 |
What North Shore Bank of Commerce lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most North Shore Bank of Commerce applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Louis County | 429 | 371 | 15 | 3.5% |
| Itasca County | 66 | 48 | 8 | 12.1% |
| Carlton County | 56 | 45 | 1 | 1.8% |
| Lake County | 15 | 13 | 2 | 13.3% |
| Ramsey County | 3 | 3 | 0 | 0.0% |
| Dakota County | 3 | 1 | 0 | 0.0% |
| Washington County | 2 | 1 | 0 | 0.0% |
| Pine County | 2 | 1 | 0 | 0.0% |
| Cook County | 2 | 2 | 0 | 0.0% |
| Beltrami 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: 587 applications in 2025, of which 491 were originated and 26 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 North Shore Bank of Commerce originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are North Shore 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