Applications / Mortgage Analytics / Lenders / Michigan / The Dart Bank
Mason, MI · State non-member bank · FDIC · $1.4 billion assets · 4,084 loans in 2025
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4,084
loans originated, 2025
5,495
applications, 2025
38
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Dart Bank grew faster than nearly all similar banks in 2025, with originations up 81% as it lent in markets far beyond Michigan, while keeping first place in Lansing-East Lansing.
Similar lenders are state non-member banks making between half and twice as many loans. Originations rose 81% to 4,084, against 10% for similar lenders and the whole market, and the amount it lent about doubled to $1.45 billion. Purchases made up 76.8% of its loans.
It lent in 38 states in 2025 and entered Hartford-West Hartford-East Hartford, Kiryas Joel-Poughkeepsie-Newburgh and San Jose-Sunnyvale-Santa Clara that year. At home it ranked 1 of 333 in Lansing-East Lansing, with 11.4% of the market against 11.2%, ahead of MSU Federal Credit Union.
FHA loans (insured by the Federal Housing Administration) rose to 8.9% from 1.6% five years before, against 4.2% for similar banks. Its typical loan was $305,000 against $215,000, higher than more than four in five of them. Loans in majority-minority areas rose to 13.8% from 1.9% five years before, against 10.3%, which may follow from its new markets.
LMI (low- and moderate-income) borrowers took 24.0% of its loans against 28.7%, lower than about seven in ten similar banks; its larger loans may draw higher-income borrowers. It turned down 6.8% of first-lien home-purchase applications on owner-occupied homes against 7.4%, and 13.8% of refinance applications against 18.0%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Dart Bank took 5,495 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 76.8% · Refinance 14.4% · Home improvement 4.7% · Other 4.1%
Conventional 88.6% · FHA 8.9% · VA 2.4% · USDA (RHS or FSA) 0.1% · of 4,084 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 |
|---|---|---|
| Michigan | 2,600 | 63.7% |
| New York | 372 | 9.1% |
| California | 172 | 4.2% |
| Virginia | 153 | 3.7% |
| Maryland | 117 | 2.9% |
| Florida | 81 | 2.0% |
| Connecticut | 70 | 1.7% |
| Massachusetts | 55 | 1.3% |
| Kentucky | 54 | 1.3% |
| Indiana | 52 | 1.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lansing-East Lansing | 958 |
| Warren-Troy-Farmington Hills | 362 |
| Grand Rapids-Wyoming-Kentwood | 284 |
| New York-Jersey City-White Plains | 187 |
| Jackson | 175 |
| Ann Arbor | 116 |
| Arlington-Alexandria-Reston | 111 |
| Nassau County-Suffolk County | 111 |
| Flint | 82 |
| Detroit-Dearborn-Livonia | 58 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008P6YO2KM3EO556 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 47247 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 35033 | 1998–2017 |
Established 1 May 1925. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: The Dart Bank's data.
The Dart Bank's data
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