Applications / Mortgage Analytics / Lenders / Michigan / Isabella Bank
Mount Pleasant, MI · State member bank · FRS · $2.2 billion assets · 779 loans in 2025
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779
loans originated, 2025
1,060
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Isabella Bank, a Michigan state member bank, grew its loans 18% in 2025 and gained share in each of its main metros, reaching third place in Midland, MI.
Its share of Midland lending rose 1.4 points to 8.2%, third of 175 lenders behind Rocket Mortgage and United Wholesale Mortgage. In Saginaw, MI it rose 0.9 points to 3.3%, sixth of 212, and it ranked 13 of 606 in non-metro Michigan. It has lent in these markets since 1995.
Loans rose 18% to 779, against 7% at similar lenders (state member banks making between half and twice as many loans) and 10% for the whole market. Purchases were 43.9% of its loans, refinance 24.1% and home improvement 19.6%. Its typical loan of $145,000 is below peers' $195,000.
All its loans were conventional, where similar banks make some government-backed loans. Only 0.1% were higher-priced (a rate well above the average for similar loans), lower than more than nine in ten peers, and its typical rate of 6.38% was lower than nearly nine in ten. Manufactured homes were 7.6% of its loans, against 1.5% at peers.
Loans in majority-minority neighbourhoods were 1.4%, against 7.2% at peers. Its markets are mainly non-metro Michigan and smaller metros such as Midland, Saginaw and Bay City, which may contain few such neighbourhoods. Its LMI (low- and moderate-income) borrower share, 27.7%, is near the middle of peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Isabella Bank took 1,060 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.9% · Refinance 24.1% · Home improvement 19.6% · Other 12.3%
Conventional 100.0% · of 779 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 | 778 | 99.9% |
| Tennessee | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 97 |
| Midland | 86 |
| Saginaw | 84 |
| Bay City | 21 |
| Flint | 5 |
| Lansing-East Lansing | 4 |
| Traverse City | 3 |
| Warren-Troy-Farmington Hills | 3 |
| Battle Creek | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XYX207IABFXL60 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 74140 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 274140 | 2008–2017 |
Established 1 July 1903. Reported under HMDA 2008-2025.
Mergers, name changes, data editions and corrections: Isabella Bank's data.
Isabella Bank's data
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Isabella 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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