Faster growth than most peers
Originations rose 15% from 883, against 4% at similar lenders (savings institutions making between half and twice as many loans) and 10% for the whole market. They remain below 3,110 in 2020.
Applications / Mortgage Analytics / Lenders / Indiana / First Federal Savings Bank
First Federal Savings Bank
Rochester, IN · Savings institution · OCC · $673 million assets · 1,014 loans in 2025
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1,014
loans originated, 2025
1,151
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Federal Savings Bank is an Indiana savings institution whose originations rose 15% to 1,014, faster than similar lenders, and which ranked 7 of 201 lenders in Elkhart-Goshen.
Gaining in Elkhart-Goshen
Its share in Elkhart-Goshen rose 0.1 points to 3.5%, behind Interra Credit Union and Cardinal Financial Company. It has lent there since 1999. Its loans reached 45 counties in 8 states, mostly in Indiana.
Smaller loans, more LMI borrowers
Its typical loan was $155,000, against $235,000 at similar lenders, lower than about four in five. LMI (low- and moderate-income) borrowers took 31.2% of its loans, against 24.5%, higher than more than four in five peers. Its share in LMI areas, 8.2%, was the lowest among its peers, against 14.9%; one possible reason is where its markets lie, mostly outside large metros.
Purchases and home improvement
Home purchases were 52.5% of its originations and home improvement 24.2%. Manufactured homes were 1.7%, against 0.1% at peers. Its typical rate, 7.00%, was close to peers' 6.75%.
Questions the data can answer next
- Which Elkhart-Goshen tracts account for its share gain, and which lenders lost ground there?
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
1,014 loans in 2025, against a peak of 3,110 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Federal Savings Bank took 1,151 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
52.5% of its 2025 loans were purchase loans; 97.9% were Conventional.
Purchase 52.5% · Home improvement 24.2% · Refinance 17.2% · Other 6.2%
Conventional 97.9% · FHA 1.9% · USDA (RHS or FSA) 0.2% · of 1,014 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
8 states, 19 metros, 45 counties
| State | Loans | Share |
|---|---|---|
| Indiana | 966 | 95.3% |
| Michigan | 42 | 4.1% |
| Arizona | 1 | 0.1% |
| Florida | 1 | 0.1% |
| Illinois | 1 | 0.1% |
| Louisiana | 1 | 0.1% |
| Montana | 1 | 0.1% |
| Ohio | 1 | 0.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| South Bend-Mishawaka | 223 |
| Elkhart-Goshen | 165 |
| Fort Wayne | 16 |
| Indianapolis-Carmel-Greenwood | 14 |
| Michigan City-La Porte | 9 |
| Niles | 7 |
| Lake County-Porter County-Jasper County | 6 |
| Kokomo | 2 |
| Bloomington | 1 |
| Bozeman | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XUKQ6W1CY6QK47 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 257578 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 47101 | 1999–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1707101 | 2011–2017 |
Established 1 January 1965. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: First Federal Savings Bank's data.
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