Security Bank & Trust Company Mortgage Lending & HMDA Data, 2025
In 2025, Security Bank & Trust Company of Glencoe, MN reported 119 mortgage applications totaling $47.2 million, down 21% from 2024. The average application was for $396,932, and applicants reported an average income of $207,033. 96% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (79), Duluth, MN-WI (2) and Fargo, ND-MN (2) (applications in parentheses).
| Mortgage Company & Address | Security Bank & Trust Company 735 11th St E Glencoe, MN 55336 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 119 |
| Total Mortgage Loan Application Amount | $47,235,000 |
| Average Mortgage Loan Application Amount | $396,932 |
| Highest Mortgage Loan Application Amount | $2,665,000 |
| Average Applicant Income | $207,033 |
| Highest Applicant Income | $2,506,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hennepin, Minnesota | 29 | $ 18,385,000 | $ 633,965 | $ 197,000 |
| McLeod, Minnesota | 15 | $ 2,905,000 | $ 193,666 | $ 286,000 |
| Ramsey, Minnesota | 15 | $ 5,165,000 | $ 344,333 | $ 675,000 |
| Carver, Minnesota | 14 | $ 3,250,000 | $ 232,142 | $ 107,000 |
| Sibley, Minnesota | 8 | $ 1,780,000 | $ 222,500 | $ 176,000 |
| Anoka, Minnesota | 5 | $ 585,000 | $ 117,000 | $ 86,000 |
| Isanti, Minnesota | 5 | $ 1,625,000 | $ 325,000 | $ 122,000 |
| Cass, Minnesota | 3 | $ 1,285,000 | $ 428,333 | $ 248,000 |
| Dakota, Minnesota | 3 | $ 775,000 | $ 258,333 | $ 247,000 |
| Renville, Minnesota | 3 | $ 455,000 | $ 151,666 | $ 661,000 |
| Washington, Minnesota | 3 | $ 1,275,000 | $ 425,000 | $ 282,000 |
| Wright, Minnesota | 3 | $ 565,000 | $ 188,333 | $ 135,000 |
| Meeker, Minnesota | 2 | $ 190,000 | $ 95,000 | $ 42,000 |
| St. Louis, Minnesota | 2 | $ 1,320,000 | $ 660,000 | $ 0 |
| Cass, North Dakota | 2 | $ 1,100,000 | $ 550,000 | $ 0 |
| Collier, Florida | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Crow Wing, Minnesota | 1 | $ 1,665,000 | $ 1,665,000 | $ 0 |
| Kanabec, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Mille Lacs, Minnesota | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Olmsted, Minnesota | 1 | $ 445,000 | $ 445,000 | $ 188,000 |
| Scott, Minnesota | 1 | $ 2,335,000 | $ 2,335,000 | $ 282,000 |
| Polk, Wisconsin | 1 | $ 985,000 | $ 985,000 | $ 0 |
Mortgage Loan Application Detail Totals for Security Bank & Trust Company 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 | 55 | $27,065,000 | $492,000 | $2,665,000 | $239,000 | $900,000 |
| Refinancing | 51 | $18,105,000 | $355,000 | $2,335,000 | $151,000 | $1,277,000 |
| Other Purpose | 7 | $1,325,000 | $189,000 | $355,000 | $443,000 | $2,506,000 |
| Home Improvement | 6 | $740,000 | $123,000 | $245,000 | $115,000 | $250,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 58 | $16,040,000 | $276,000 | $2,665,000 | $213,000 | $2,506,000 |
| Not applicable | 49 | $25,825,000 | $527,000 | $1,875,000 | $0 | $0 |
| Not Provided | 7 | $1,685,000 | $240,000 | $595,000 | $168,000 | $254,000 |
| Asian | 3 | $2,705,000 | $901,000 | $2,335,000 | $247,000 | $418,000 |
| Black or African American | 2 | $980,000 | $490,000 | $495,000 | $90,000 | $108,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 119 | $47,235,000 | $396,000 | $2,665,000 | $207,000 | $2,506,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 114 | $45,920,000 | $402,000 | $2,665,000 | $209,000 | $2,506,000 |
| Application Denied By Financial Institution | 3 | $645,000 | $215,000 | $485,000 | $60,000 | $108,000 |
| Application Withdrawn By Applicant | 2 | $670,000 | $335,000 | $365,000 | $349,000 | $445,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 116 | $46,590,000 | $401,000 | $2,665,000 | $213,000 | $2,506,000 |
| Credit History | 2 | $160,000 | $80,000 | $95,000 | $37,000 | $42,000 |
| Debt-To-Income Ratio | 1 | $485,000 | $485,000 | $485,000 | $108,000 | $108,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Bank & Trust Company'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 Security Bank & Trust Company'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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