Applications / Mortgage Analytics / Lenders / Indiana / Lake City Bank
Warsaw, IN · State member bank · FRS · $7.0 billion assets · 1,871 loans in 2025
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1,871
loans originated, 2025
2,437
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Lake City Bank is an Indiana bank of small conventional loans, mostly refinances and other-purpose loans: its typical loan was $95,000, against $200,000 at similar lenders.
Refinances were 50.8% of its loans and other purposes 36.9%; home purchases were only 11.0%. Its typical loan was smaller than at nearly all similar lenders (state member banks making between half and twice as many loans). It made no FHA (insured by the Federal Housing Administration) loans, against 2.4% at peers.
Its typical rate was 7.75%, against 6.81% at similar lenders, higher than nearly all of them. Its higher-priced share (a rate well above the average for similar loans) was lower, 0.7% against 1.2%. Its mix could account for much of the difference: most of its loans were small refinance and other-purpose loans, which are often priced above first-lien home-purchase loans, and few were purchases.
Loans in LMI (low- and moderate-income) areas were 6.8% of its lending, against 15.5% at peers, among the lowest twentieth; in majority-minority areas, 4.0% against 9.0%. Its share to LMI borrowers, 25.8%, was close to peers' 26.4%. The make-up of the Indiana markets it serves is one possible reason for the area figures.
It ranked 4 of 201 lenders in Elkhart-Goshen with 5.2%. Its share rose 0.1 points to 1.7% in Fort Wayne, where it ranked 16 of 304, and also rose in South Bend-Mishawaka. Originations rose 7% to 1,871, against 6% at similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Lake City Bank took 2,437 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 50.8% · Other 36.9% · Purchase 11.0% · Home improvement 1.2%
Conventional 100.0% · of 1,871 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 | 1,813 | 96.9% |
| Michigan | 44 | 2.4% |
| Florida | 8 | 0.4% |
| Utah | 2 | 0.1% |
| Illinois | 1 | 0.1% |
| Ohio | 1 | 0.1% |
| Tennessee | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Elkhart-Goshen | 319 |
| Fort Wayne | 234 |
| Indianapolis-Carmel-Greenwood | 195 |
| South Bend-Mishawaka | 138 |
| Lake County-Porter County-Jasper County | 7 |
| North Port-Bradenton-Sarasota | 6 |
| Kalamazoo-Portage | 2 |
| Niles | 2 |
| Bloomington | 1 |
| Chicago-Naperville-Schaumburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 8Q77SW3KZ88P3GNX0T60 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 874845 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 313102 | 1991–2005 |
| Respondent ID (the HMDA filer code before 2018) | 2874845 | 2006–2017 |
Established 1 January 1872. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Lake City Bank's data.
Lake City Bank's data
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Lake City 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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