Applications / Mortgage Analytics / Lenders / Wisconsin / Lake Ridge Bank
Middleton, WI · State non-member bank · FDIC · $3.3 billion assets · 705 loans in 2025
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705
loans originated, 2025
886
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Lake Ridge Bank is a Wisconsin bank that ranked 3 of 380 lenders in Madison, where its share rose in 2025.
It has lent in Madison since before 1990 and ranked third there, behind Summit Credit Union and UW Credit Union, with its share up 0.9 points to 3.9%. In Janesville-Beloit its share rose to 1.5% from 0.9%, ranking 17 of 264.
Originations rose 5% to 705, against 9% for similar lenders (state non-member banks making between half and twice as many loans), while dollar volume rose from $174.0 million to $288.5 million. Its loans had jumped from 276 in 2023 to 672 in 2024; its 2023 merger with Monona Bank is a possible reason. Volume remains below the 1,486 loans of 2020.
Jumbo loans (larger than the conforming limit) were 5.2% of its loans, against 1.9%, higher than at four in five peers. 0.0% were higher-priced (a rate well above the average for similar loans), against 1.6%, and it turned down 2.4% of home-purchase applications, against 5.2%. Home purchases were 41.0% of its lending.
LMI (low- and moderate-income) borrowers took 32.9% of its loans, against 26.3%, higher than at more than three in four peers. LMI areas took 6.0%, against 15.5%, among the lowest of its peers, and majority-minority areas 0.9%, against 8.5%; the make-up of the Wisconsin areas it serves is a possible reason.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Ridge Bank took 886 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.0% · Refinance 26.7% · Home improvement 18.3% · Other 14.0%
Conventional 100.0% · of 705 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 |
|---|---|---|
| Wisconsin | 705 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Madison | 568 |
| Janesville-Beloit | 61 |
| Eau Claire | 3 |
| Milwaukee-Waukesha | 3 |
| Fond du Lac | 1 |
| Kenosha | 1 |
| Oshkosh-Neenah | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DZ25WXQZZ57J48 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 525549 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315091 | 1990–2017 |
Established 1 January 1908. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Lake Ridge Bank's data.
Lake Ridge Bank's data
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Lake Ridge 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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