Applications / Mortgage Analytics / Lenders / Michigan / Independent Bank
Independent Bank
Grand Rapids, MI · State member bank · FRS · $5.5 billion assets · 2,357 loans in 2025
2,357
loans originated, 2025
3,466
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
FIG. 1 — LOANS ORIGINATED, 2018–2025
2,357 loans in 2025, against a peak of 8,185 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Independent Bank took 3,466 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
54.9% of its 2025 loans were purchase loans; 95.8% were Conventional.
Purchase 54.9% · Home improvement 18.0% · Refinance 17.1% · Other 10.1%
Conventional 95.8% · FHA 3.4% · VA 0.8% · of 2,357 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
6 states, 41 metros, 103 counties
| State | Loans | Share |
|---|---|---|
| Michigan | 2,257 | 95.8% |
| Ohio | 66 | 2.8% |
| Florida | 19 | 0.8% |
| Indiana | 11 | 0.5% |
| North Carolina | 3 | 0.1% |
| Illinois | 1 | 0.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 600 |
| Warren-Troy-Farmington Hills | 299 |
| Detroit-Dearborn-Livonia | 232 |
| Traverse City | 168 |
| Lansing-East Lansing | 127 |
| Saginaw | 92 |
| Bay City | 75 |
| Muskegon-Norton Shores | 51 |
| Ann Arbor | 49 |
| Akron | 42 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 20TVKH7M13MUBGE80C53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 636771 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 4321 | 1990–1998 |
| Respondent ID (the HMDA filer code before 2018) | 327811 | 1999–2006 |
| Respondent ID (the HMDA filer code before 2018) | 2636771 | 2007–2017 |
Established 1 January 1890. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Independent Bank's data.