Applications / Mortgage Analytics / Lenders / Indiana / Horizon Bank
Michigan City, IN · State non-member bank · FDIC · $6.4 billion assets · 2,798 loans in 2025
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2,798
loans originated, 2025
4,059
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Horizon Bank, an Indiana bank lending in nine states, ranks first among 241 lenders in Michigan City-La Porte, where its share rose to 12.1%, and makes an even mix of purchase, home-improvement and refinance loans.
Its share of Michigan City-La Porte rose 3.2 points to 12.1% from 8.9%, ahead of Rocket Mortgage in second place. It has lent there since 1995 and merged with The Laporte Savings Bank in 2016. It also ranks 19 of 606 in non-metro Michigan and 111 of 902 in Chicago.
Home purchase made up 34.3% of originations, home improvement 28.3% and refinancing 28.2%. That mix may explain why its typical loan of $125,000 is smaller than about nine in ten similar lenders (state non-member banks making between half and twice as many loans), whose typical loan was $205,000.
Originations rose 9% to 2,798, slower than about seven in ten similar lenders, whose typical growth was 13%, and a little below the whole market's 10%. Volume is about half the 5,576 of 2020 but up from 2,559 in 2024.
Low- and moderate-income (LMI) borrowers took 28.9% of its loans, near the 28.0% of similar lenders. Its LMI-tract share, 12.8% against 15.7%, and majority-minority-tract share, 5.1% against 9.1%, are lower than most. Markets in northern Indiana and rural Michigan, where such tracts may be fewer, could account for part of this.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Horizon Bank took 4,059 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 34.3% · Home improvement 28.3% · Refinance 28.2% · Other 9.2%
Conventional 96.8% · FHA 2.5% · VA 0.6% · USDA (RHS or FSA) 0.1% · of 2,798 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 |
|---|---|---|
| Indiana | 1,994 | 71.3% |
| Michigan | 770 | 27.5% |
| Illinois | 18 | 0.6% |
| Florida | 8 | 0.3% |
| Arizona | 2 | 0.1% |
| Kentucky | 2 | 0.1% |
| Ohio | 2 | 0.1% |
| District of Columbia | 1 | 0.0% |
| Tennessee | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 539 |
| Michigan City-La Porte | 378 |
| Lake County-Porter County-Jasper County | 322 |
| Niles | 118 |
| South Bend-Mishawaka | 116 |
| Fort Wayne | 111 |
| Lafayette-West Lafayette | 110 |
| Kalamazoo-Portage | 90 |
| Grand Rapids-Wyoming-Kentwood | 83 |
| Elkhart-Goshen | 66 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | P7GC0W65KB5CEIHLDX81 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 130541 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 12747 | 1995–2016 |
| Respondent ID (the HMDA filer code before 2018) | 34360 | 2017–2017 |
Established 21 April 1873. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Horizon Bank's data.
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