Applications / Mortgage Analytics / Lenders / Massachusetts / Marblehead Bank
Marblehead, MA · State member bank · FRS · $267 million assets · 32 loans in 2025
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32
loans originated, 2025
41
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Marblehead Bank makes few but large loans, a typical $465,000 against $195,000 for similar lenders, and lends to low- and moderate-income borrowers more than most peers, while its yearly count has fallen from 158 in 2021 to 32.
It made 158 loans in 2021, then 83, 46, 41 and 32. In 2025 its lending fell 22%, against a fall of 2% for the typical similar lender (state member banks making between half and twice as many loans) and a rise of 10% for the whole market, lower than about four in five of them. It filed no report for 2020, a gap rather than a lost year. Fewer refinancing applications, fewer home sales where it lends, or a choice to lend less could each play a part.
A typical loan of $465,000 is more than double peers' and higher than about three-quarters of them; 9.7% were jumbo (larger than the conforming limit), against 3.4%. So its $18.1 million is above peers' $14.9 million despite fewer loans. That may reflect house prices in Boston-Cambridge-Newton, where it ranks 260 of 664.
40.0% of loans went to LMI (low- and moderate-income) borrowers, against 23.3%, higher than more than four in five similar lenders. 28.1% were in LMI areas, against 16.3%, up from 12.5%. With only 32 loans, a few loans move these shares a long way, so the jump in the area share deserves care.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Marblehead Bank took 41 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 62.5% · Refinance 28.1% · Home improvement 6.3% · Other 3.1%
Conventional 100.0% · of 32 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
| State | Loans | Share |
|---|---|---|
| Massachusetts | 32 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 28 |
| Boston | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007C2UVB2OGY1G25 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 816304 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390234 | 1992–2002 |
| Respondent ID (the HMDA filer code before 2018) | 2816304 | 2003–2017 |
Established 18 March 1871. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Marblehead Bank's data.
Marblehead Bank's data
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Marblehead Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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