Granite Bank Mortgage Lending & HMDA Data, 2025
In 2025, Granite Bank of Cold Spring, MN reported 3,310 mortgage applications totaling $985.2 million, up 137% from 2024. The average application was for $297,628, and applicants reported an average income of $129,804. 78% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,111), Rapid City, SD (218) and Waco, TX (148) (applications in parentheses).
| Mortgage Company & Address | Granite Bank 202 2nd Avenue South, P.O. Box 416 Cold Spring, MN 56320 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 3,310 |
| Total Mortgage Loan Application Amount | $985,150,000 |
| Average Mortgage Loan Application Amount | $297,628 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $129,804 |
| Highest Applicant Income | $3,123,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Granite Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,111 | $ 350,335,000 | $ 315,333 | $ 128,306 |
| Outside any metro area | 738 | $ 181,180,000 | $ 245,501 | $ 119,647 |
| Rapid City, SD | 218 | $ 62,370,000 | $ 286,100 | $ 119,000 |
| Waco, TX | 148 | $ 41,180,000 | $ 278,243 | $ 125,000 |
| Phoenix-Mesa-Scottsdale, AZ | 117 | $ 45,695,000 | $ 390,555 | $ 174,000 |
| Davenport-Moline-Rock Island, IA-IL | 74 | $ 9,330,000 | $ 126,081 | $ 78,445 |
| Colorado Springs, CO | 72 | $ 33,740,000 | $ 468,611 | $ 165,000 |
| Fargo, ND-MN | 71 | $ 18,995,000 | $ 267,535 | $ 114,521 |
| Duluth, MN-WI | 66 | $ 8,760,000 | $ 132,727 | $ 70,909 |
| Milwaukee-Waukesha-West Allis, WI | 62 | $ 15,030,000 | $ 242,419 | $ 108,000 |
| St. Cloud, MN | 58 | $ 14,300,000 | $ 246,551 | $ 105,000 |
| Grand Forks, ND-MN | 51 | $ 10,885,000 | $ 213,431 | $ 94,137 |
| Huntsville, AL | 44 | $ 15,360,000 | $ 349,090 | $ 168,000 |
| Punta Gorda, FL | 38 | $ 9,660,000 | $ 254,210 | $ 107,000 |
| Bismarck, ND | 32 | $ 10,940,000 | $ 341,875 | $ 128,000 |
| La Crosse-Onalaska, WI-MN | 27 | $ 6,215,000 | $ 230,185 | $ 102,851 |
| Cheyenne, WY | 26 | $ 6,900,000 | $ 265,384 | $ 113,000 |
| Rochester, MN | 26 | $ 7,180,000 | $ 276,153 | $ 150,000 |
| Coeur D'Alene, ID | 19 | $ 8,955,000 | $ 471,315 | $ 148,000 |
| Spokane-Spokane Valley, WA | 18 | $ 4,150,000 | $ 230,555 | $ 80,000 |
| Kansas City, MO-KS | 14 | $ 4,810,000 | $ 343,571 | $ 149,000 |
| Cape Coral-Fort Myers, FL | 13 | $ 4,355,000 | $ 335,000 | $ 162,000 |
| Denver-Aurora-Lakewood, CO | 13 | $ 6,285,000 | $ 483,461 | $ 163,000 |
| North Port-Sarasota-Bradenton, FL | 12 | $ 4,590,000 | $ 382,500 | $ 145,000 |
| Dallas-Plano-Irving, TX | 11 | $ 6,025,000 | $ 547,727 | $ 379,000 |
| Killeen-Temple, TX | 7 | $ 1,775,000 | $ 253,571 | $ 101,000 |
| Las Vegas-Henderson-Paradise, NV | 7 | $ 3,235,000 | $ 462,142 | $ 137,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 3,335,000 | $ 476,428 | $ 153,000 |
| Riverside-San Bernardino-Ontario, CA | 7 | $ 3,575,000 | $ 510,714 | $ 391,000 |
| Atlanta-Sandy Springs-Roswell, GA | 6 | $ 2,150,000 | $ 358,333 | $ 82,000 |
| Fort Worth-Arlington, TX | 6 | $ 1,990,000 | $ 331,666 | $ 197,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 5,105,000 | $ 1,021,000 | $ 300,000 |
| Sioux Falls, SD | 5 | $ 925,000 | $ 185,000 | $ 87,000 |
| Arlington-Alexandria-Reston, VA-WV | 4 | $ 4,120,000 | $ 1,030,000 | $ 325,000 |
| Cleveland, OH | 4 | $ 700,000 | $ 175,000 | $ 214,000 |
| Knoxville, TN | 4 | $ 1,700,000 | $ 425,000 | $ 90,000 |
| Lakeland-Winter Haven, FL | 4 | $ 750,000 | $ 187,500 | $ 72,000 |
| Ogden-Clearfield, UT | 4 | $ 1,350,000 | $ 337,500 | $ 71,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 2,680,000 | $ 670,000 | $ 183,250 |
| Tacoma-Lakewood, WA | 4 | $ 1,530,000 | $ 382,500 | $ 137,000 |
| Albuquerque, NM | 3 | $ 2,285,000 | $ 761,666 | $ 282,000 |
| Chicago-Naperville, IL | 3 | $ 1,745,000 | $ 581,666 | $ 324,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,115,000 | $ 371,666 | $ 113,000 |
| Decatur, AL | 3 | $ 345,000 | $ 115,000 | $ 126,000 |
| Everett, WA | 3 | $ 1,515,000 | $ 505,000 | $ 156,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 1,145,000 | $ 381,666 | $ 198,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,735,000 | $ 578,333 | $ 346,000 |
| Madison, WI | 3 | $ 1,125,000 | $ 375,000 | $ 100,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,455,000 | $ 485,000 | $ 169,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 1,745,000 | $ 581,666 | $ 237,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 785,000 | $ 261,666 | $ 132,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 965,000 | $ 321,666 | $ 168,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 2,305,000 | $ 768,333 | $ 242,000 |
| St. Petersburg-Clearwater-Largo, FL | 3 | $ 1,075,000 | $ 358,333 | $ 216,000 |
| Tulsa, OK | 3 | $ 1,035,000 | $ 345,000 | $ 99,000 |
| Victoria, TX | 3 | $ 525,000 | $ 175,000 | $ 53,000 |
| Yuma, AZ | 3 | $ 1,285,000 | $ 428,333 | $ 179,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 520,000 | $ 260,000 | $ 114,000 |
| Bakersfield, CA | 2 | $ 690,000 | $ 345,000 | $ 234,000 |
| Birmingham-Hoover, AL | 2 | $ 720,000 | $ 360,000 | $ 129,000 |
| Casper, WY | 2 | $ 760,000 | $ 380,000 | $ 147,000 |
| Charleston-North Charleston, SC | 2 | $ 1,210,000 | $ 605,000 | $ 266,000 |
| Corpus Christi, TX | 2 | $ 510,000 | $ 255,000 | $ 170,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 130,000 | $ 65,000 | $ 185,000 |
| Florence-Muscle Shoals, AL | 2 | $ 460,000 | $ 230,000 | $ 111,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,580,000 | $ 790,000 | $ 200,000 |
| Fresno, CA | 2 | $ 1,150,000 | $ 575,000 | $ 405,000 |
| Grand Junction, CO | 2 | $ 740,000 | $ 370,000 | $ 172,000 |
| Mankato-North Mankato, MN | 2 | $ 470,000 | $ 235,000 | $ 99,000 |
| Marietta, GA | 2 | $ 800,000 | $ 400,000 | $ 236,000 |
| Oklahoma City, OK | 2 | $ 720,000 | $ 360,000 | $ 158,000 |
| Olympia-Tumwater, WA | 2 | $ 960,000 | $ 480,000 | $ 217,000 |
| Pinehurst-Southern Pines, NC | 2 | $ 770,000 | $ 385,000 | $ 97,000 |
| Port St. Lucie, FL | 2 | $ 750,000 | $ 375,000 | $ 96,000 |
| Racine, WI | 2 | $ 550,000 | $ 275,000 | $ 105,000 |
| Raleigh, NC | 2 | $ 840,000 | $ 420,000 | $ 267,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,070,000 | $ 535,000 | $ 808,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,590,000 | $ 795,000 | $ 344,000 |
| Sioux City, IA-NE-SD | 2 | $ 1,080,000 | $ 540,000 | $ 72,000 |
| St. Louis, MO-IL | 2 | $ 260,000 | $ 130,000 | $ 154,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 800,000 | $ 400,000 | $ 135,000 |
| Austin-Round Rock, TX | 1 | $ 315,000 | $ 315,000 | $ 83,000 |
| Boise City, ID | 1 | $ 805,000 | $ 805,000 | $ 313,000 |
| Bozeman, MT | 1 | $ 405,000 | $ 405,000 | $ 150,000 |
| Cedar Rapids, IA | 1 | $ 145,000 | $ 145,000 | $ 127,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 805,000 | $ 805,000 | $ 293,000 |
| Columbia, MO | 1 | $ 535,000 | $ 535,000 | $ 220,000 |
| Columbia, SC | 1 | $ 145,000 | $ 145,000 | $ 72,000 |
| Columbus, OH | 1 | $ 805,000 | $ 805,000 | $ 625,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 315,000 | $ 315,000 | $ 204,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 65,000 |
| Dubuque, IA | 1 | $ 285,000 | $ 285,000 | $ 112,000 |
| Eau Claire, WI | 1 | $ 315,000 | $ 315,000 | $ 92,000 |
| Fayetteville, NC | 1 | $ 495,000 | $ 495,000 | $ 176,000 |
| Flagstaff, AZ | 1 | $ 675,000 | $ 675,000 | $ 182,000 |
| Florence, SC | 1 | $ 145,000 | $ 145,000 | $ 80,000 |
| Fort Collins, CO | 1 | $ 805,000 | $ 805,000 | $ 378,000 |
| Fort Wayne, IN | 1 | $ 85,000 | $ 85,000 | $ 76,000 |
| Gadsden, AL | 1 | $ 65,000 | $ 65,000 | $ 63,000 |
| Greeley, CO | 1 | $ 325,000 | $ 325,000 | $ 84,000 |
| Green Bay, WI | 1 | $ 215,000 | $ 215,000 | $ 191,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 365,000 | $ 365,000 | $ 157,000 |
| Homosassa Springs, FL | 1 | $ 305,000 | $ 305,000 | $ 206,000 |
| Jacksonville, FL | 1 | $ 705,000 | $ 705,000 | $ 532,000 |
| Jacksonville, NC | 1 | $ 345,000 | $ 345,000 | $ 150,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 795,000 | $ 795,000 | $ 174,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 225,000 | $ 225,000 | $ 303,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 765,000 | $ 765,000 | $ 293,000 |
| Las Cruces, NM | 1 | $ 305,000 | $ 305,000 | $ 81,000 |
| Lawton, OK | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 355,000 | $ 355,000 | $ 169,000 |
| Manhattan, KS | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Minot, ND | 1 | $ 215,000 | $ 215,000 | $ 114,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 965,000 | $ 965,000 | $ 596,000 |
| Oshkosh-Neenah, WI | 1 | $ 395,000 | $ 395,000 | $ 240,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 735,000 | $ 735,000 | $ 145,000 |
| Panama City, FL | 1 | $ 185,000 | $ 185,000 | $ 61,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 325,000 | $ 325,000 | $ 166,000 |
| Provo-Orem, UT | 1 | $ 345,000 | $ 345,000 | $ 205,000 |
| Redding, CA | 1 | $ 275,000 | $ 275,000 | $ 61,000 |
| San Diego-Carlsbad, CA | 1 | $ 735,000 | $ 735,000 | $ 226,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 625,000 | $ 625,000 | $ 403,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 1,125,000 | $ 1,125,000 | $ 353,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 735,000 | $ 735,000 | $ 881,000 |
| Savannah, GA | 1 | $ 285,000 | $ 285,000 | $ 79,000 |
| Sebring, FL | 1 | $ 5,000 | $ 5,000 | $ 0 |
| Sheboygan, WI | 1 | $ 265,000 | $ 265,000 | $ 140,000 |
| Springfield, MO | 1 | $ 115,000 | $ 115,000 | $ 26,000 |
| St. George, UT | 1 | $ 595,000 | $ 595,000 | $ 188,000 |
| Topeka, KS | 1 | $ 235,000 | $ 235,000 | $ 51,000 |
| Tucson, AZ | 1 | $ 315,000 | $ 315,000 | $ 95,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 215,000 | $ 215,000 | $ 91,000 |
| Wichita, KS | 1 | $ 125,000 | $ 125,000 | $ 76,000 |
| Wildwood-The Villages, FL | 1 | $ 115,000 | $ 115,000 | $ 106,000 |
| Yakima, WA | 1 | $ 305,000 | $ 305,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Granite Bank in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 2,908 | $839,880,000 | $288,000 | $2,095,000 | $126,000 | $3,123,000 |
| Refinancing | 244 | $90,200,000 | $369,000 | $2,275,000 | $166,000 | $1,440,000 |
| Cash-out Refinancing | 116 | $42,270,000 | $364,000 | $4,005,000 | $131,000 | $696,000 |
| Other Purpose | 31 | $9,015,000 | $290,000 | $1,285,000 | $182,000 | $1,045,000 |
| Home Improvement | 11 | $3,785,000 | $344,000 | $1,305,000 | $173,000 | $264,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,160 | $634,200,000 | $293,000 | $2,275,000 | $129,000 | $3,123,000 |
| Not Provided | 579 | $181,985,000 | $314,000 | $1,305,000 | $138,000 | $1,440,000 |
| Hispanic | 217 | $59,195,000 | $272,000 | $1,285,000 | $117,000 | $1,045,000 |
| Black or African American | 139 | $41,875,000 | $301,000 | $1,125,000 | $121,000 | $855,000 |
| Asian | 109 | $34,825,000 | $319,000 | $965,000 | $125,000 | $596,000 |
| American Indian or Alaskan Native | 53 | $10,995,000 | $207,000 | $465,000 | $88,000 | $207,000 |
| Not applicable | 49 | $18,915,000 | $386,000 | $4,005,000 | $194,000 | $296,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $3,160,000 | $790,000 | $1,825,000 | $777,000 | $1,440,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2,309 | $660,845,000 | $286,000 | $4,005,000 | $140,000 | $3,123,000 |
| FHA-insured (Federal Housing Administration) | 680 | $190,640,000 | $280,000 | $645,000 | $94,000 | $325,000 |
| VA-guaranteed (Veterans Administration) | 282 | $125,450,000 | $444,000 | $2,095,000 | $134,000 | $487,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $8,215,000 | $210,000 | $365,000 | $80,000 | $115,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,598 | $772,490,000 | $297,000 | $4,005,000 | $128,000 | $3,123,000 |
| Application Withdrawn By Applicant | 527 | $159,565,000 | $302,000 | $2,275,000 | $142,000 | $1,440,000 |
| Application Denied By Financial Institution | 173 | $50,305,000 | $290,000 | $1,305,000 | $100,000 | $490,000 |
| Application Approved But Not Accepted | 9 | $2,085,000 | $231,000 | $525,000 | $208,000 | $866,000 |
| File Closed For Incompleteness | 2 | $700,000 | $350,000 | $455,000 | $178,000 | $216,000 |
| Loan Purchased By The Institution | 1 | $5,000 | $5,000 | $5,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 3,137 | $934,845,000 | $298,000 | $4,005,000 | $131,000 | $3,123,000 |
| Debt-To-Income Ratio | 74 | $23,910,000 | $323,000 | $1,305,000 | $94,000 | $295,000 |
| Credit History | 28 | $7,890,000 | $281,000 | $835,000 | $106,000 | $278,000 |
| Collateral | 23 | $4,585,000 | $199,000 | $675,000 | $105,000 | $383,000 |
| Credit Application Incomplete | 15 | $4,665,000 | $311,000 | $675,000 | $113,000 | $231,000 |
| Employment History | 14 | $3,440,000 | $245,000 | $405,000 | $104,000 | $490,000 |
| Unverifiable Information | 11 | $3,515,000 | $319,000 | $745,000 | $85,000 | $199,000 |
| Other | 5 | $945,000 | $189,000 | $355,000 | $100,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,355,000 | $451,000 | $685,000 | $127,000 | $189,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Granite Bank's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Granite Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
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