Applications / Mortgage Analytics / Lenders / Michigan / Sturgis Bank & Trust Company
Sturgis, MI · State non-member bank · FDIC · $998 million assets · 735 loans in 2025
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735
loans originated, 2025
875
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Sturgis Bank & Trust Company is a Michigan bank whose lending grew 75% in 2025, faster than nearly all similar lenders, continuing a climb from 75 loans in 2020 to 735.
Originations rose 75% to 735, while similar lenders (state non-member banks making between half and twice as many loans) grew 9% and the whole market 10%. Lending more than doubled, to $146.5 million from $65.7 million, as its typical loan rose to $155,000 from $75,000. Its volume stepped up in 2022, from 82 loans to 424.
Purchases were 42.2% of its loans, refinances 23.7%, other purposes 20.5% and home improvement 13.6%. Manufactured homes made up 8.2%, against 1.5% at peers, higher than about nine in ten of them. All its loans were conventional.
Its share rose 0.9 points to 1.7% in Battle Creek, ranking 15 of 209, and 0.6 points to 1.0% in Kalamazoo-Portage, ranking 23 of 281. It ranked 20 of 606 lenders in non-metro Michigan.
It turned down 2.4% of home-purchase applications and 6.1% of refinance applications, lower than about four in five similar lenders (5.4% and 15.0%). LMI (low- and moderate-income) borrowers took 31.1% of its loans, against 26.9% at peers. LMI and majority-minority areas took less, 12.3% and 1.1%, against 15.5% and 7.6%; the make-up of its mainly Michigan markets is one plausible 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Sturgis Bank & Trust Company took 875 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 42.2% · Refinance 23.7% · Other 20.5% · Home improvement 13.6%
Conventional 100.0% · of 735 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 | 694 | 94.4% |
| Indiana | 41 | 5.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Niles | 107 |
| Battle Creek | 61 |
| Kalamazoo-Portage | 59 |
| Grand Rapids-Wyoming-Kentwood | 31 |
| South Bend-Mishawaka | 26 |
| Elkhart-Goshen | 18 |
| Lansing-East Lansing | 4 |
| Jackson | 3 |
| Warren-Troy-Farmington Hills | 2 |
| Indianapolis-Carmel-Greenwood | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001ZYMBN3CK8LJ82 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 366078 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 41910 | 1997–1998 |
| Respondent ID (the HMDA filer code before 2018) | 328593 | 1999–2017 |
Established 1 January 1905. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Sturgis Bank & Trust Company's data.
Sturgis Bank & Trust Company's data
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Sturgis Bank & Trust Company 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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