Applications / Mortgage Analytics / Lenders / Ohio / The Sherwood State Bank
Sherwood, OH · State non-member bank · FDIC · $105 million assets · 45 loans in 2025
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45
loans originated, 2025
53
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Sherwood State Bank lends to low- and moderate-income borrowers more than most similar lenders, 38.9% against 27.7%, yet makes few loans in such areas, a split that may mean lower-income households living outside areas classed as low-income.
38.9% of its loans went to LMI (low- and moderate-income) borrowers, up from 34.2%, higher than about three-quarters of similar lenders (state non-member banks making between half and twice as many loans). Only 8.9% were in LMI areas, against 18.7%, lower than about four in five, and none were in majority-minority areas, against 5.6%. Its largest market is non-metro Ohio, where few tracts may carry either label.
A typical loan is $135,000, up from $105,000 but below peers' $165,000. Its $7.2 million in total is lower than more than four in five peers. Every loan is conventional and none jumbo, consistent with a local bank lending on modest rural homes.
It made 45 loans against 44 a year earlier, up 2%, against 3% for peers and 10% for the whole market, near the middle. It made 92 loans in 2019 and filed no report for 2020 to 2022, so those years are gaps, not zeros. Its Toledo share rose from 0.0% to 0.1%, ranking 123 of 334 behind The Huntington National Bank and Fifth Third Bank, and it entered Sandusky in 2024.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. The Sherwood State Bank took 53 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 88.9% · Refinance 11.1%
Conventional 100.0% · of 45 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 |
|---|---|---|
| Ohio | 44 | 97.8% |
| Michigan | 1 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Toledo | 11 |
| Sandusky | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300PUSHGXQLDM7552 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 546320 | 2017–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316222 | 2017–2017 |
Established 8 January 1945. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: The Sherwood State Bank's data.
The Sherwood State Bank's data
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The Sherwood State 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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