Applications / Mortgage Analytics / Lenders / Michigan / Independent Bank / Competition
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
Who Independent Bank competes with, by dollars lent in 2025, in its five largest markets and the three it entered most recently. A Pareto chart puts the lenders in order of size and draws their running share, so the reader sees how concentrated each market is: where the line climbs steeply, a few lenders hold most of it.
FIG. 1 — DETROIT-WARREN-DEARBORN, MI, 2025
Independent Bank ranks 25th of 599 lenders in Detroit-Warren-Dearborn, MI, with $184.8M lent: 0.7% of a $25.80B market.
Detroit-Warren-Dearborn, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 51% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 2 — GRAND RAPIDS-WYOMING-KENTWOOD, MI, 2025
Independent Bank ranks 8th of 436 lenders in Grand Rapids-Wyoming-Kentwood, MI, with $170.0M lent: 2.3% of a $7.34B market.
Grand Rapids-Wyoming-Kentwood, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 3 — NON-METRO MICHIGAN, 2025
Independent Bank ranks 15th of 606 lenders in non-metro Michigan, with $81.9M lent: 1.2% of a $7.04B market.
non-metro Michigan is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 39% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 4 — TRAVERSE CITY, MI, 2025
Independent Bank ranks 5th of 274 lenders in Traverse City, MI, with $67.2M lent: 4.8% of a $1.39B market.
Traverse City, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 52% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 5 — LANSING-EAST LANSING, MI, 2025
Independent Bank ranks 27th of 333 lenders in Lansing-East Lansing, MI, with $18.0M lent: 0.9% of a $2.02B market.
Lansing-East Lansing, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 6 — GREENSBORO-HIGH POINT, NC, 2025
Independent Bank ranks 345th of 469 lenders in Greensboro-High Point, NC, with $345K lent: 0.0% of a $4.20B market.
Greensboro-High Point, NC is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 38% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 7 — DURHAM-CHAPEL HILL, NC, 2025
Independent Bank ranks 412th of 470 lenders in Durham-Chapel Hill, NC, with $285K lent: 0.0% of a $5.66B market.
Durham-Chapel Hill, NC is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 43% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 8 — RALEIGH-CARY, NC, 2025
Independent Bank ranks 491st of 638 lenders in Raleigh-Cary, NC, with $585K lent: 0.0% of a $15.84B market.
Raleigh-Cary, NC is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Independent Bank in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 36% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED