Applications / Mortgage Analytics / Lenders / Michigan / First State Bank
Eastpointe, MI · State member bank · FRS · $1.3 billion assets · 1,028 loans in 2025
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1,028
loans originated, 2025
1,184
applications, 2025
16
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank is a Michigan home-purchase lender, ranked 10 of 285 lenders in Flint, whose originations fell 10% in 2025 while similar banks grew.
It made 1,028 loans, down 10% from 1,140, while similar lenders (state member banks making between half and twice as many loans) typically grew 7%; its change was among the lowest tenth of them. The total was close to the 1,142 of 2020. The data do not say why; competitors winning more of its borrowers, or a quieter year in its home-purchase business, are possibilities.
Home purchases were 77.0% of its loans. Low- and moderate-income (LMI) borrowers took 34.6%, against 27.4% at peers, higher than about four in five of them, and LMI areas 19.6%, against 14.8%. Its purchase denial rate, 3.4%, was lower than peers' 7.1%.
Loans insured by the Federal Housing Administration (FHA) were 8.3% of its loans, against 1.7% at peers, and loans guaranteed by the Department of Veterans Affairs (VA) 1.2%, against 0.5%. Its typical rate, 6.62%, was a little lower than peers' 6.75%.
In Flint, where it has lent since 2002, it ranked 10 of 285 with a 2.2% share, unchanged. It lends in 16 states and entered Chicago-Naperville-Elgin, non-metro Hawaii and Austin in 2025 with small positions.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First State Bank took 1,184 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 77.0% · Other 12.2% · Refinance 10.8%
Conventional 90.6% · FHA 8.3% · VA 1.2% · of 1,028 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 | 999 | 97.2% |
| Florida | 8 | 0.8% |
| Illinois | 3 | 0.3% |
| South Carolina | 3 | 0.3% |
| Georgia | 2 | 0.2% |
| North Carolina | 2 | 0.2% |
| Arizona | 1 | 0.1% |
| California | 1 | 0.1% |
| Hawaii | 1 | 0.1% |
| Iowa | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 696 |
| Flint | 135 |
| Detroit-Dearborn-Livonia | 71 |
| Ann Arbor | 10 |
| Saginaw | 10 |
| Lansing-East Lansing | 8 |
| Chicago-Naperville-Schaumburg | 3 |
| Grand Rapids-Wyoming-Kentwood | 3 |
| Bay City | 2 |
| Charlotte-Concord-Gastonia | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300VIZR4H7AB15496 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 113740 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315032 | 1990–2017 |
Established 1 January 1917. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First State Bank's data.
First State Bank's data
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