Park State Bank in Minnesota vs the state
9.9%Denial rate-3.72 pts vs state
12.1%Decision denial rate-4.25 pts vs state
70.9%Origination rate+4.56 pts vs state
6.75%Median rate+0.13 pts vs state
0.13Rate spread (pts)-0.13 pts vs state
$92kMedian applicant income
244Loans originated
34Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 285 | 172 | 15.4% | 7.00% | #99 |
| 2024 | 349 | 216 | 11.5% | 7.13% | #92 |
| 2025 | 344 | 244 | 9.9% | 6.75% | #101 |
What Park State Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Park State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Louis County | 130 | 86 | 12 | 9.2% |
| Itasca County | 52 | 35 | 8 | 15.4% |
| Lake County | 50 | 37 | 4 | 8.0% |
| Hennepin County | 28 | 21 | 2 | 7.1% |
| Pennington County | 13 | 11 | 0 | 0.0% |
| Cook County | 11 | 8 | 0 | 0.0% |
| Olmsted County | 8 | 6 | 1 | 12.5% |
| Carlton County | 6 | 3 | 2 | 33.3% |
| Scott County | 5 | 5 | 0 | 0.0% |
| Dakota County | 5 | 4 | 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: 344 applications in 2025, of which 244 were originated and 34 denied.
9.9% of all applications, or 12.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Park State Bank originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Park State 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