Bremer Bank Mortgage Rates, Fees & Info
St. Paul, MNLEI: 54930082GM1TWV6QVI24
Tax ID: 41-0224890
3.8 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Bremer Bank is a small bank specializing in Home Purchase and Refi loans. Bremer Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Minneapolis, Rochester, Fargo, Grand Forks, and St. Cloud among others. Bremer Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bremer Bank is typically an average fee lendor.Originations
6,117Origination Dollar Volume (All Markets)
$1,580,995,000Employee count
1,457Awards
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Bremer Bank - 2021
Bremer Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Bremer Bank's average 30 year fixed rate mortgage of loans were
3.49%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.34%.
Relative Fees
Bremer Bank's average total fees for a 30 year fixed rate
mortgage are $4,922.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1,602 | $566,320,000 | $353,508 | $4,846 | 3.28% |
| Outside of Metro Areas | 1,068 | $191,730,000 | $179,522 | $3,817 | 3.34% |
| ROCHESTER, MN (FHA|USDA|VA) | 480 | $128,860,000 | $268,458 | $4,331 | 3.15% |
| FARGO, ND-MN (FHA|USDA|VA) | 285 | $87,115,000 | $305,667 | $4,377 | 3.26% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 304 | $61,560,000 | $202,500 | $4,851 | 3.18% |
| ST. CLOUD, MN (FHA|USDA|VA) | 323 | $61,125,000 | $189,241 | $3,947 | 3.33% |
| Brainerd, MN (FHA|USDA|VA) | 223 | $50,725,000 | $227,466 | $4,790 | 3.40% |
| Willmar, MN (FHA|USDA|VA) | 191 | $37,825,000 | $198,037 | $3,830 | 3.24% |
| Alexandria, MN (FHA|USDA|VA) | 178 | $36,450,000 | $204,775 | $4,587 | 3.42% |
| Fergus Falls, MN (FHA|USDA|VA) | 174 | $35,660,000 | $204,943 | $4,528 | 3.31% |
| MANKATO, MN (FHA|USDA|VA) | 116 | $34,570,000 | $298,017 | $4,960 | 3.13% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 146 | $33,000,000 | $226,027 | $2,639 | 3.24% |
| Marshall, MN (FHA|USDA|VA) | 132 | $19,720,000 | $149,394 | $3,729 | 3.32% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 41 | $19,535,000 | $476,463 | $6,320 | 3.03% |
| DULUTH, MN-WI (FHA|USDA|VA) | 58 | $17,160,000 | $295,862 | $4,612 | 3.22% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 75 | $17,025,000 | $227,000 | $3,085 | 3.25% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 9 | $16,375,000 | $1,819,444 | $4,074 | 3.57% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 99 | $15,825,000 | $159,848 | $4,214 | 3.32% |
| Minot, ND (FHA|USDA|VA) | 70 | $15,360,000 | $219,429 | $5,358 | 3.21% |
| Menomonie, WI (FHA|USDA|VA) | 79 | $13,475,000 | $170,570 | $2,243 | 3.53% |
| Owatonna, MN (FHA|USDA|VA) | 67 | $13,185,000 | $196,791 | $4,718 | 3.01% |
| Winona, MN (FHA|USDA|VA) | 90 | $12,070,000 | $134,111 | $2,948 | 3.57% |
| BISMARCK, ND (FHA|USDA|VA) | 35 | $9,585,000 | $273,857 | $5,843 | 3.23% |
| Austin, MN (FHA|USDA|VA) | 57 | $8,985,000 | $157,632 | $3,856 | 3.05% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 21 | $8,205,000 | $390,714 | $7,544 | 2.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $6,300,000 | $630,000 | $9,266 | 3.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $3,935,000 | $562,143 | $7,650 | 2.99% |
| Red Wing, MN (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $5,386 | 2.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $3,405,000 | $1,135,000 | $12,618 | 2.63% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $3,185,000 | $1,061,667 | $13,483 | 3.39% |
| OCALA, FL (FHA|USDA|VA) | 3 | $3,135,000 | $1,045,000 | $14,345 | 3.08% |
| MADISON, WI (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $3,446 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $2,545,000 | $848,333 | $11,183 | 3.29% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $4,196 | 3.08% |
| Hutchinson, MN (FHA|USDA|VA) | 12 | $2,440,000 | $203,333 | $5,139 | 2.86% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $2,395,000 | $798,333 | $12,758 | 3.18% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,370,000 | $296,250 | $5,200 | 3.27% |
| Bemidji, MN (FHA|USDA|VA) | 9 | $2,345,000 | $260,556 | $5,390 | 3.13% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $13,725 | 3.53% |
| Albert Lea, MN (FHA|USDA|VA) | 11 | $1,635,000 | $148,636 | $3,580 | 2.82% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $2,836 | 3.41% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $8,148 | 2.92% |
| Grand Rapids, MN (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $4,835 | 3.50% |
| Spearfish, SD (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $6,480 | 3.51% |
| Durango, CO (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $4,508 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $7,038 | 3.31% |
| Dickinson, ND (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $3,552 | 3.53% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $16,808 | 3.38% |
| Williston, ND (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $11,091 | 3.34% |
| Stevens Point, WI (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $2,612 | 3.79% |
| RAPID CITY, SD (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $8,449 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $3,619 | 3.16% |
| New Ulm, MN (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $4,489 | 2.86% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $5,631 | 3.11% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,367 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,463 | 2.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,756 | 2.81% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $2,364 | 3.73% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,004 | 3.46% |
| Jamestown, ND (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,258 | 3.23% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,642 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,666 | 2.44% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,747 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,350 | 3.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,089 | 3.19% |
| Edwards, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,277 | 3.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,568 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,300 | 2.25% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,216 | 3.25% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,534 | 2.63% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,140 | 2.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,952 | 2.25% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,281 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,802 | 2.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,842 | 2.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,967 | 3.38% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,112 | 3.25% |
| Worthington, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.29% |
Bremer Bank's top markets include Minneapolis, Rochester, Fargo, Grand Forks, and St. Cloud among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,879 | $1,533,035,000 | $260,765 | $4,276 | 3.29% |
| FHA | 111 | $21,775,000 | $196,171 | $7,499 | 3.06% |
| USDA | 70 | $10,370,000 | $148,143 | $5,296 | 2.75% |
| VA | 57 | $15,815,000 | $277,456 | $6,100 | 2.86% |
For the 2021 period, Bremer Bank's most frequently originated loan type of loans were Conventional, with 5,879 originations. Their 2nd most popular type is FHA, with 111 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,070 | $722,270,000 | $348,923 | $5,211 | 3.12% |
| Refi | 1,981 | $514,525,000 | $259,730 | $3,770 | 3.01% |
| Cash Out Refi | 1,148 | $261,100,000 | $227,439 | $4,187 | 2.93% |
| Other | 738 | $70,840,000 | $95,989 | $199 | 4.61% |
| Home Improvement | 180 | $12,260,000 | $68,111 | $0 | 4.70% |
For the 2021, Bremer Bank's most frequently cited loan purpose of loans were Home Purchase, with 2,070 originations. The 2nd most popular reason of loans were Refi, with 1,981 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,131 | $1,028,725,000 | $249,026 | $4,922 | 3.49% |
| 15 Year | 1,049 | $239,915,000 | $228,708 | $3,820 | 2.48% |
| 20 Year | 377 | $87,435,000 | $231,923 | $4,016 | 2.85% |
| 10 Year | 317 | $74,715,000 | $235,694 | $2,001 | 3.23% |
| 5 Year | 126 | $74,660,000 | $592,540 | $0 | 3.94% |
| Other | 110 | $55,120,000 | $501,091 | $2,493 | 3.62% |
| 1 Year | 6 | $1,310,000 | $218,333 | $0 | 4.00% |
| 3 Year | 1 | $19,115,000 | $19,115,000 | $0 | 3.50% |
For the 2021, Bremer Bank's most frequently cited loan length of loans were 30 Year, with 4,131 originations. The 2nd most popular length of loans were 15 Year, with 1,049 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 1,303 | $273,405,000 | $209,827 |
| $<1k | 1,092 | $277,640,000 | $254,249 |
| $1k-2k | 1,040 | $187,030,000 | $179,837 |
| $3k-4k | 942 | $299,640,000 | $318,089 |
| $5k+ | 316 | $230,170,000 | $728,386 |
$4,922 of loans were Bremer Bank's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 1,303 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,090 | $635,390,000 | $304,014 |
| 3-4% | 1,877 | $606,675,000 | $323,215 |
| <2.5% | 1,003 | $235,225,000 | $234,521 |
| 4-5% | 937 | $88,935,000 | $94,915 |
| 5-6% | 166 | $13,190,000 | $79,458 |
| 6-7% | 42 | $1,490,000 | $35,476 |
| 7-8% | 2 | $90,000 | $45,000 |
During 2021, Bremer Bank's average interest rate of loans were 3.49%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,090 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 2,039 | $301,805,000 | $148,016 | $3,547 | 3.12% |
| $200k-400k | 1,990 | $536,350,000 | $269,523 | $4,690 | 3.07% |
| $100,000 or less | 1,300 | $72,480,000 | $55,754 | $2,051 | 4.01% |
| $400k-600k | 449 | $217,155,000 | $483,641 | $6,030 | 2.99% |
| $600k-1MM | 207 | $158,605,000 | $766,208 | $8,013 | 2.97% |
| $1MM+ | 132 | $294,600,000 | $2,231,818 | $10,966 | 3.03% |
2021 saw Bremer Bank place emphasis on $100k-200k loans with 2,039 originations, totaling $301,805,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,224 | $257,890,000 | $210,694 | $4,388 | 3.34% |
| $50k-75k | 1,208 | $195,440,000 | $161,788 | $3,822 | 3.20% |
| $75k-100k | 921 | $168,335,000 | $182,774 | $4,086 | 3.29% |
| $50k or less | 919 | $125,035,000 | $136,055 | $3,508 | 3.21% |
| $150k-250k | 832 | $245,860,000 | $295,505 | $5,218 | 3.36% |
| $250k+ | 651 | $365,885,000 | $562,035 | $7,050 | 3.18% |
Bremer Bank lent most frequently to those with incomes in the $100k-150k range, with 1,224 originations. The second most popular income band? $50k-75k, with 1,208 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,595 | $359,985,000 | $225,696 | $4,126 | 3.26% |
| 30-36% | 1,135 | $263,625,000 | $232,269 | $4,498 | 3.31% |
| <20% | 790 | $198,190,000 | $250,873 | $4,136 | 3.20% |
| 44% | 245 | $51,105,000 | $208,592 | $4,240 | 3.51% |
| 38% | 235 | $49,515,000 | $210,702 | $4,118 | 3.28% |
| 36% | 212 | $52,950,000 | $249,764 | $4,650 | 3.24% |
| 39% | 208 | $55,340,000 | $266,058 | $5,182 | 3.27% |
| 42% | 204 | $56,750,000 | $278,186 | $4,679 | 3.19% |
| 40% | 197 | $49,615,000 | $251,853 | $4,829 | 3.15% |
| 37% | 192 | $46,560,000 | $242,500 | $4,268 | 3.22% |
| 43% | 186 | $38,480,000 | $206,882 | $4,247 | 3.24% |
| 41% | 175 | $42,175,000 | $241,000 | $4,635 | 3.26% |
| 45% | 107 | $22,335,000 | $208,738 | $4,227 | 3.03% |
| 48% | 94 | $23,770,000 | $252,872 | $4,607 | 2.99% |
| 47% | 92 | $23,290,000 | $253,152 | $4,884 | 2.99% |
| 49% | 85 | $20,045,000 | $235,824 | $4,648 | 2.96% |
| 46% | 72 | $16,920,000 | $235,000 | $4,521 | 2.95% |
| >60% | 34 | $19,470,000 | $572,647 | $6,985 | 3.27% |
| 50-60% | 24 | $5,380,000 | $224,167 | $5,713 | 3.98% |
Bremer Bank lent most frequently to those with DTI ratios of 20-30%, with 1,595 originations. The next most common DTI ratio? 30-36%, with 1,135 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4,640 | $1,149,400,000 | $247,716 | $4,409 | 3.09% |
| Not provided | 1,174 | $218,500,000 | $186,116 | $4,111 | 3.98% |
| Not applicable | 153 | $174,785,000 | $1,142,386 | $0 | 3.72% |
| Asian | 83 | $24,425,000 | $294,277 | $4,802 | 3.02% |
| Black | 42 | $9,700,000 | $230,952 | $4,945 | 2.96% |
| American Indian | 17 | $2,925,000 | $172,059 | $4,301 | 3.29% |
| Other Asian | 3 | $495,000 | $165,000 | $4,513 | 3.08% |
| Native Hawaiian | 3 | $395,000 | $131,667 | $4,060 | 2.71% |
| Asian Indian | 2 | $370,000 | $185,000 | $3,250 | 3.78% |
Approval Rates
Total approvals of all applications93.23%
Bremer Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.53%
Bremer Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $590,000 | $147,500 |
| 13.0 | 4 | $90,000 | $22,500 |
| 39.0 | 1 | $15,000 | $15,000 |
| 4.0 | 1 | $15,000 | $15,000 |
| 5.0 | 2 | $40,000 | $20,000 |
| NA | 6,105 | $1,580,245,000 | $258,844 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,117 | $1,580,995,000 | $258,459 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 633 | $77,725,000 | $122,788 | $2,773 | 3.85% |
| 40-60% | 981 | $218,205,000 | $222,431 | $3,724 | 2.95% |
| 60-80% | 2,089 | $747,325,000 | $357,743 | $4,546 | 3.04% |
| 80-100% | 1,760 | $502,480,000 | $285,500 | $5,058 | 3.11% |
| Over 100% | 9 | $2,765,000 | $307,222 | $14,600 | 3.21% |
| Under 20% | 644 | $32,430,000 | $50,357 | $691 | 4.42% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BREMER BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bremer Bank, National Association | 129 South Broad Street Bayfield, WI 54814 | Full Service B&M | $98,403 |
| Bremer Bank, National Association | 100 East Main Street Rice, MN 56367 | Full Service B&M | $61,894 |
| Bremer Bank, National Association | 10040 City Walk Drive Woodbury, MN 55129 | Full Service B&M | $115,998 |
| Bremer Bank, National Association | 101 East Fourth Street Redwood Falls, MN 56283 | Full Service B&M | $151,068 |
| Bremer Bank, National Association | 202 South Rum River Dr Princeton, MN 55371 | Full Service B&M | $193,814 |
| Bremer Bank, National Association | 202 West Johnson Avenue Warren, MN 56762 | Full Service B&M | $110,396 |
| Bremer Bank, National Association | 208 East College Drive Marshall, MN 56258 | Full Service B&M | $290,608 |
| Bremer Bank, National Association | 2210 Highway 29 South Alexandria, MN 56308 | Limited, Drive-thru | $54,408 |
| Bremer Bank, National Association | 225 Lafayette Street Winona, MN 55987 | Full Service B&M | $34,232 |
| Bremer Bank, National Association | 225 North Fifth Street Breckenridge, MN 56520 | Full Service B&M | $98,282 |
| Bremer Bank, National Association | 225 West Superior Street, Suite 120 Duluth, MN 55802 | Full Service B&M | $9,909 |
| Bremer Bank, National Association | 2330 College Way Fergus Falls, MN 56537 | Full Service B&M | $122,223 |
| Bremer Bank, National Association | 2401 Lowry Avenue, Northeast St. Anthony, MN 55418 | Full Service B&M | $325,685 |
| Bremer Bank, National Association | 24449 State Road 35 70 Siren, WI 54872 | Full Service B&M | $234,071 |
| Bremer Bank, National Association | 2570 Midwest Drive Onalaska, WI 54650 | Full Service B&M | $155,187 |
| Bremer Bank, National Association | 27 West Second Street Eyota, MN 55934 | Full Service B&M | $47,680 |
| Bremer Bank, National Association | 45 28th St Se Rochester, MN 55904 | Full Service B&M | $173,481 |
| Bremer Bank, National Association | 301 Territorial St E Watertown, MN 55388 | Full Service B&M | $105,926 |
| Bremer Bank, National Association | 31 West Bayfield Street Washburn, WI 54891 | Full Service B&M | $96,676 |
| Bremer Bank, National Association | 3100 South Columbia Road Grand Forks, ND 58201 | Full Service B&M | $457,952 |
| Bremer Bank, National Association | 3131 Frontage Road South Moorhead, MN 56560 | Full Service B&M | $56,642 |
| Bremer Bank, National Association | 318 1st Avenue Sw Rochester, MN 55902 | Full Service B&M | $99,895 |
| Bremer Bank, National Association | 321 South 7th Street Brainerd, MN 56401 | Full Service B&M | $244,519 |
| Bremer Bank, National Association | 3415 Vicksburg Lane North Plymouth, MN 55447 | Full Service B&M | $132,675 |
| Bremer Bank, National Association | 345 Fourth Avenue International Falls, MN 56649 | Full Service B&M | $119,982 |
| Bremer Bank, National Association | 372 Saint Peter Street Saint Paul, MN 55102 | Full Service B&M | $1,472,267 |
| Bremer Bank, National Association | 3947 Oakwood Hills Pkwy Eau Claire, WI 54701 | Full Service B&M | $66,350 |
| Bremer Bank, National Association | 4150 2nd St South Saint Cloud, MN 56301 | Full Service B&M | $270,789 |
| Bremer Bank, National Association | 424 5th Street Ne Devils Lake, ND 58301 | Full Service B&M | $129,957 |
| Bremer Bank, National Association | 710 South Washington Bismarck, ND 58504 | Full Service B&M | $101,433 |
| Bremer Bank, National Association | 720 Broadway Alexandria, MN 56308 | Full Service B&M | $316,193 |
| Bremer Bank, National Association | 730 West Bridge Street Owatonna, MN 55060 | Full Service B&M | $49,612 |
| Bremer Bank, National Association | 748 Whitewater Avenue St. Charles, MN 55972 | Full Service B&M | $103,622 |
| Bremer Bank, National Association | 7558 Design Road Baxter, MN 56425 | Full Service B&M | $129,009 |
| Bremer Bank, National Association | 80 South 8th Street Suite 240 Minneapolis, MN 55402 | Full Service B&M | $1,548,072 |
| Bremer Bank, National Association | 801 Market Street Perham, MN 56573 | Full Service B&M | $75,342 |
| Bremer Bank, National Association | 805 North Main Street Austin, MN 55912 | Full Service B&M | $52,113 |
| Bremer Bank, National Association | 807 Main Street Carrington, ND 58421 | Full Service B&M | $96,567 |
| Bremer Bank, National Association | 8800 Highway 7 St. Louis Park, MN 55426 | Full Service B&M | $238,410 |
| Bremer Bank, National Association | 910 Hill Avenue Grafton, ND 58237 | Full Service B&M | $108,807 |
| Bremer Bank, National Association | 921 North Washington Grand Forks, ND 58201 | Full Service B&M | $3,267 |
| Bremer Bank, National Association | 925 31st Avenue Sw Minot, ND 58701 | Limited, Drive-thru | $19,452 |
| Bremer Bank, National Association | 101 Minnesota Avenue North Aitkin, MN 56431 | Full Service B&M | $78,802 |
| Bremer Bank, National Association | 102 Keller Ave S Amery, WI 54001 | Full Service B&M | $191,835 |
| Bremer Bank, National Association | 105 Third Street, S.W. Rugby, ND 58368 | Full Service B&M | $76,076 |
| Bremer Bank, National Association | 108 Cedar Street, East Houston, MN 55943 | Full Service B&M | $49,500 |
| Bremer Bank, National Association | 109 South Mantorvill Avenue Kasson, MN 55944 | Full Service B&M | $61,018 |
| Bremer Bank, National Association | 11 Langer Avenue N Casselton, ND 58012 | Full Service B&M | $72,557 |
| Bremer Bank, National Association | 1100 St. Germain Street Saint Cloud, MN 56301 | Full Service B&M | $510,037 |
| Bremer Bank, National Association | 113 E. Front Street Brandon, MN 56315 | Full Service B&M | $54,545 |
| Bremer Bank, National Association | 113 Main Street N Fordville, ND 58231 | Limited, Drive-thru | $10,523 |
| Bremer Bank, National Association | 115 East Holmes Street Detroit Lakes, MN 56501 | Full Service B&M | $363,141 |
| Bremer Bank, National Association | 11800 Singletree Lane Eden Prairie, MN 55344 | Full Service B&M | $105,005 |
| Bremer Bank, National Association | 119 East First Street Stewartville, MN 55976 | Full Service B&M | $64,667 |
| Bremer Bank, National Association | 119 Towner Avenue Larimore, ND 58251 | Full Service B&M | $60,013 |
| Bremer Bank, National Association | 4600 White Bear Parkway White Bear Lake, MN 55110 | Full Service B&M | $73,789 |
| Bremer Bank, National Association | 500 Willmar Avenue Se Willmar, MN 56201 | Full Service B&M | $502,973 |
| Bremer Bank, National Association | 503 Broadway Street South, Ste 10 Menomonie, WI 54751 | Full Service B&M | $158,353 |
| Bremer Bank, National Association | 5125 Highway 52 North Rochester, MN 55901 | Full Service B&M | $64,794 |
| Bremer Bank, National Association | 532 S Knowles Ave New Richmond, WI 54017 | Full Service B&M | $161,698 |
| Bremer Bank, National Association | 5540 Brooklyn Boulevard Brooklyn Center, MN 55429 | Full Service B&M | $47,435 |
| Bremer Bank, National Association | 5990 Nova Scotia Avenue North Stillwater, MN 55082 | Full Service B&M | $46,955 |
| Bremer Bank, National Association | 622 Main Street Lisbon, ND 58054 | Full Service B&M | $126,234 |
| Bremer Bank, National Association | 633 Concord St S South Saint Paul, MN 55075 | Full Service B&M | $389,490 |
| Bremer Bank, National Association | 6800 Cahill Avenue Inver Grove Heights, MN 55076 | Full Service B&M | $100,416 |
| Bremer Bank, National Association | 6900 France Avenue South Edina, MN 55435 | Full Service B&M | $148,167 |
| Bremer Bank, National Association | 701 Atlantic Avenue Morris, MN 56267 | Full Service B&M | $203,796 |
| Bremer Bank, National Association | 1290 Raintree Road Mankato, MN 56001 | Full Service B&M | $111,937 |
| Bremer Bank, National Association | 1444 45th Street, Sw Fargo, ND 58103 | Full Service B&M | $313,980 |
| Bremer Bank, National Association | 1500 North Broadway Menomonie, WI 54751 | Full Service B&M | $18,860 |
| Bremer Bank, National Association | 1600 University Ave W Ste 2 Saint Paul, MN 55104 | Limited, Drive-thru | $63,215 |
| Bremer Bank, National Association | 1618 Commerce Street Wahpeton, ND 58075 | Full Service B&M | $72,470 |
| Bremer Bank, National Association | 1677 Dan Patch Avenue Saint Paul, MN 55108 | Limited, Mobile/Seasonal Office | $0 |
| Bremer Bank, National Association | 1715 West County Road B2 Roseville, MN 55113 | Full Service B&M | $196,642 |
| Bremer Bank, National Association | 17600 Highway 7 Minnetonka, MN 55345 | Full Service B&M | $69,364 |
| Bremer Bank, National Association | 1995 Rahncliff Court Eagan, MN 55122 | Full Service B&M | $170,043 |
| Bremer Bank, National Association | 20 First Street, S.W. Minot, ND 58701 | Full Service B&M | $470,430 |
| Bremer Bank, National Association | 201 North Broadway Crookston, MN 56716 | Full Service B&M | $267,270 |
For 2021, Bremer Bank had 78 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $461,322 |
| Net interest income | $442,607 |
| Total noninterest income | $127,748 |
| Gross Fiduciary activities income | $22,279 |
| Service charges on deposit accounts | $16,457 |
| Trading account gains and fees | $4,606 |
| Additional Noninterest Income | $84,406 |
| Pre-tax net operating income | $232,766 |
| Securities gains (or losses, -) | $652 |
| Income before extraordinary items | $186,010 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $186,010 |
| Minority interest net income | $0 |
| Net income | $186,010 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $185,488 |
Bremer Bank's gross interest income from loans was $461,322,000.
Bremer Bank's net interest income from loans was $442,607,000.
Bremer Bank's fee based income from loans was $16,457,000.
Bremer Bank's net income from loans was $186,010,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $18,715 |
| Provision for credit losses | $-10,295 |
| Total noninterest expense | $347,884 |
| Salaries and employee benefits | $216,235 |
| Premises and equipment expense | $43,984 |
| Additional noninterest expense | $87,665 |
| Applicable income taxes | $47,408 |
| Net charge-offs | $-4,157 |
| Cash dividends | $100,000 |
Bremer Bank's interest expense for loans was $18,715,000.
Bremer Bank's payroll and benefits expense were $216,235,000.
Bremer Bank's property, plant and equipment expenses $43,984,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $14,648,519 |
| Deposits held in domestic offices | $14,648,519 |
| Deposits by Individuals, partnerships, and corporations | $12,170,698 |
| Deposits by U.S. Government | $15 |
| Deposits by States and political subdivisions in the U.S. | $2,461,075 |
| Deposits by Commercial banks and other depository institutions in U.S. | $16,731 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,220,396 |
| Demand deposits | $1,922,460 |
| Nontransaction accounts | $12,428,123 |
| Money market deposit accounts (MMDAs) | $5,894,967 |
| Other savings deposits (excluding MMDAs) | $5,571,242 |
| Total time deposits | $961,914 |
| Total time and savings deposits | $12,726,059 |
| Noninterest-bearing deposits | $5,285,908 |
| Interest-bearing deposits | $9,362,611 |
| Retail deposits | $13,453,004 |
| IRAs and Keogh plan accounts | $219,078 |
| Brokered deposits | $864,361 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $16,499,164 |
| Cash & Balances due from depository institutions | $1,695,715 |
| Interest-bearing balances | $1,565,578 |
| Total securities | $3,956,223 |
| Federal funds sold & reverse repurchase | $1,935 |
| Net loans and leases | $10,096,542 |
| Loan and leases loss allowance | $123,647 |
| Trading account assets | $76,882 |
| Bank premises and fixed assets | $106,988 |
| Other real estate owned | $207 |
| Goodwill and other intangibles | $125,962 |
| All other assets | $438,710 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $16,499,164 |
| Total Liabilities | $15,043,298 |
| Total deposits | $14,648,519 |
| Interest-bearing deposits | $9,362,611 |
| Deposits held in domestic offices | $14,648,519 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $100,969 |
| Trading liabilities | $43,522 |
| Other borrowed funds | $152,214 |
| Subordinated debt | $0 |
| All other liabilities | $98,074 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $10,096,542 |
| Loan and leases loss allowance | $123,647 |
| Total loans and leases (domestic) | $10,220,189 |
| All real estate loans | $7,106,270 |
| Real estate loans in domestic offices | $7,106,270 |
| Construction and development loans | $894,286 |
| Residential 1-4 family construction | $69,849 |
| Other construction, all land development and other land | $824,437 |
| Loans secured by nonfarm nonresidential properties | $3,220,114 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,355,498 |
| Commercial real estate & other non-farm, non-residential | $1,864,616 |
| Multifamily residential real estate | $772,264 |
| 1-4 family residential loans | $1,575,707 |
| Farmland loans | $643,899 |
| Loans held in foreign offices | $0 |
| Farm loans | $513,280 |
| Commercial and industrial loans | $1,655,951 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $116,128 |
| Credit card loans | $0 |
| Related Plans | $43,200 |
| Consumer Auto Loans | $21,151 |
| Other loans to individuals | $51,777 |
| All other loans & leases | $828,607 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3,324 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $230 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $10,100 |
| Non 1-4 family restructured loans & leases | $1,996 |
| Total loans and leases (foreign) | $0 |
Bremer Bank had $10,096,542,000 of loans outstanding in 2021. $7,106,270,000 of loans were in real estate loans. $894,286,000 of loans were in development loans. $772,264,000 of loans were in multifamily mortgage loans. $1,575,707,000 of loans were in 1-4 family mortgage loans. $513,280,000 of loans were in farm loans. $0 of loans were in credit card loans. $21,151,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,932 | $445,930 | $230,813 |
| Nonfarm, nonresidential loans - <$100k | 389 | $11,613 | $29,853 |
| Nonfarm, nonresidential loans - $100-250k | 626 | $75,337 | $120,347 |
| Nonfarm, nonresidential loans - $250k-1MM | 917 | $358,980 | $391,472 |
| Commercial & Industrial, US addressed loans - <$1MM | 5,501 | $324,533 | $58,995 |
| Commercial & Industrial, US addressed loans - <$100k | 3,430 | $51,997 | $15,159 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,074 | $76,035 | $70,796 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 997 | $196,501 | $197,092 |
| Farmland loans - <$1MM | 1,642 | $254,672 | $155,099 |
| Farmland loans - <$100k | 370 | $14,762 | $39,897 |
| Farmland loans - $100-250k | 693 | $84,659 | $122,163 |
| Farmland loans - $250k-1MM | 579 | $155,251 | $268,136 |
| Agriculture operations loans - <$1MM | 3,795 | $205,336 | $54,107 |
| Agriculture operations loans - <$100k | 2,483 | $41,080 | $16,545 |
| Agriculture operations loans - $100-250k | 789 | $67,524 | $85,582 |
| Agriculture operations loans - $250k-1MM | 523 | $96,732 | $184,956 |
