Western State Bank in Minnesota vs the state
8.5%Denial rate-5.13 pts vs state
9.4%Decision denial rate-6.92 pts vs state
81.4%Origination rate+14.99 pts vs state
6.50%Median rate-0.13 pts vs state
0.00Rate spread (pts)-0.25 pts vs state
$96kMedian applicant income
48Loans originated
5Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 39 | 31 | 2.6% | 6.88% | #303 |
| 2024 | 31 | 24 | 3.2% | 6.75% | #334 |
| 2025 | 59 | 48 | 8.5% | 6.50% | #271 |
What Western State Bank lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Western State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clay County | 42 | 33 | 5 | 11.9% |
| Otter Tail County | 7 | 7 | 0 | 0.0% |
| Beltrami County | 3 | 2 | 0 | 0.0% |
| Becker County | 2 | 1 | 0 | 0.0% |
| Hennepin County | 2 | 2 | 0 | 0.0% |
| Polk County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 1 | 0 | 0.0% |
| Crow Wing 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: 59 applications in 2025, of which 48 were originated and 5 denied.
8.5% of all applications, or 9.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Western State Bank originated in Minnesota in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Western 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