Applications / Mortgage Analytics / Lenders / Indiana / STAR Financial Bank
Fort Wayne, IN · State non-member bank · FDIC · $3.2 billion assets · 897 loans in 2025
STAR Financial Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
897
loans originated, 2025
1,613
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
STAR Financial Bank is an Indiana bank of small refinance and home-improvement loans whose lending grew 10% in 2025, in line with similar lenders, with more of it going to low- and moderate-income (LMI) borrowers than at about nine in ten of them.
Refinances were 36.6% of its loans, home improvement 33.6% and purchases 25.2%. Its typical loan, $95,000, was smaller than at nearly all similar lenders (state non-member banks making between half and twice as many loans), where it was $195,000. Yet jumbo loans (larger than the conforming limit) were 5.8%, against 2.2% at peers.
LMI borrowers took 37.7% of its loans, up from 24.5% five years before, against 26.4% at peers. LMI areas and majority-minority areas took 13.4% and 2.1%, less than at peers (15.3% and 7.2%); the make-up of its mainly Indiana markets is one plausible reason.
Its share rose 0.9 points to 1.5% in Kokomo, ranking 18 of 209, and also rose in Indianapolis. In Fort Wayne it ranked 25 of 304 with 1.1%, down 0.2 points; stronger competition there, or more of its lending going to other markets, could explain it.
Originations rose 10% to 897, the same as similar lenders and the whole market. That is well below its 1,439 loans of 2020, when its typical rate was 3.12% and refinancing easier to win; in 2025 it was 6.12%, lower than about nine in ten similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. STAR Financial Bank took 1,613 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 36.6% · Home improvement 33.6% · Purchase 25.2% · Other 4.7%
Conventional 100.0% · of 897 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 |
|---|---|---|
| Indiana | 885 | 98.7% |
| Florida | 3 | 0.3% |
| Kentucky | 2 | 0.2% |
| Michigan | 2 | 0.2% |
| Ohio | 2 | 0.2% |
| Arizona | 1 | 0.1% |
| North Carolina | 1 | 0.1% |
| Tennessee | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 345 |
| Fort Wayne | 186 |
| Muncie | 75 |
| Kokomo | 56 |
| Lafayette-West Lafayette | 6 |
| Bloomington | 4 |
| Lake County-Porter County-Jasper County | 3 |
| Elkhart-Goshen | 2 |
| Asheville | 1 |
| Cape Coral-Fort Myers | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | LBIZXW7X2N50PETIH863 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 547840 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 327235 | 1990–2017 |
Established 2 May 1988. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: STAR Financial Bank's data.
STAR Financial Bank's data
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