Fast growth for five years
Originations rose 35% to 1,618, while similar lenders (state member banks making between half and twice as many loans) grew 7% and the whole market 10%. It made 547 loans in 2020 and 1,008 in 2023.
Applications / Mortgage Analytics / Lenders / Massachusetts / TruNorth Bank
TruNorth Bank
Easthampton, MA · State member bank · FRS · $2.0 billion assets · 1,618 loans in 2025
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1,618
loans originated, 2025
2,035
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TruNorth Bank, the Easthampton, Massachusetts bank formerly called Bankesb, grew 35% in 2025, faster than more than nine in ten similar lenders, and has nearly tripled its lending since 2020.
Lending reaching more lower-income borrowers and areas
LMI (low- and moderate-income) borrowers took 33.0% of its loans, up from 18.8% five years before and higher than at more than four in five peers, whose share was 26.3%. LMI areas took 19.1%, against 4.8% five years before and 15.0% at peers; majority-minority areas took 11.4%, against 6.8% at peers.
Low rates, few applications turned down
Its typical rate, 6.12%, was lower than at about nine in ten similar lenders, whose rate was 6.88%, and its higher-priced share (a rate well above the average for similar loans) was 0.0%. It turned down 3.2% of home-purchase and 7.9% of refinance applications, against 7.3% and 13.8% at peers. Home purchases were 50.6% of its loans and home improvement 20.0%.
Western Massachusetts base, wider reach
It ranked 6 of 199 lenders in Amherst Town-Northampton, where it has lent since 1992, and 34 of 664 in Boston-Cambridge-Newton. It lent in 7 states and 52 counties.
Questions the data can answer next
- Which counties and loan types account for its growth since 2023?
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
1,618 loans in 2025, its most in any year since 2018.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. TruNorth Bank took 2,035 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
50.6% of its 2025 loans were purchase loans; 98.0% were Conventional.
Purchase 50.6% · Home improvement 20.0% · Refinance 19.8% · Other 9.6%
Conventional 98.0% · FHA 1.6% · VA 0.4% · of 1,618 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
7 states, 21 metros, 52 counties
| State | Loans | Share |
|---|---|---|
| Massachusetts | 1,399 | 86.5% |
| Connecticut | 99 | 6.1% |
| Rhode Island | 55 | 3.4% |
| New Hampshire | 40 | 2.5% |
| Florida | 10 | 0.6% |
| Maine | 10 | 0.6% |
| Vermont | 5 | 0.3% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 461 |
| Boston | 333 |
| Worcester | 318 |
| Amherst Town-Northampton | 152 |
| Springfield | 132 |
| Providence-Warwick | 84 |
| Barnstable Town | 23 |
| Rockingham County-Strafford County | 20 |
| Hartford-West Hartford-East Hartford | 15 |
| Portland-South Portland | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300N38Q5YKSSV1106 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 859002 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390188 | 1992–2011 |
| Respondent ID (the HMDA filer code before 2018) | 2859002 | 2012–2017 |
Established 10 February 1869. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: TruNorth Bank's data.
The data and the software behind these pages
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