Applications / Mortgage Analytics / Lenders / Indiana / First Bank Midwest
Richmond, IN · State non-member bank · FDIC · $1.5 billion assets · 203 loans in 2025
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203
loans originated, 2025
294
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Bank Midwest lends to low- and moderate-income borrowers more than about nine in ten similar lenders do, even as its volume keeps falling.
Low- and moderate-income (LMI) borrowers took 40.9% of its loans, against 27.9% at similar lenders (state non-member banks making between half and twice as many loans). The share has climbed from 21.8% five years earlier and 34.1% in 2024. Its share in poorer neighborhoods, 18.8%, was near the middle.
Its typical loan fell from $135,000 to $105,000, among the lowest tenth of similar lenders, whose typical loan was $175,000. Purchases made up 61.6% of its loans and refinancing 25.6%.
It made 203 loans, down 11% from 229, while similar lenders grew 10%; nearly nine in ten of them grew faster. Its count has fallen every year since 2020, when it made 801. Fewer refinances since then may explain part of the fall, as could a choice to lend less.
Majority-minority neighborhoods took 3.0% of its loans, against 6.7% at similar lenders, a little below the middle. That may reflect the areas it serves: its largest market is non-metro Indiana.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Bank Midwest took 294 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.6% · Refinance 25.6% · Home improvement 6.4% · Other 6.4%
Conventional 100.0% · of 203 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 | 161 | 79.3% |
| Ohio | 39 | 19.2% |
| Florida | 1 | 0.5% |
| Kentucky | 1 | 0.5% |
| Wisconsin | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 21 |
| Dayton-Kettering-Beavercreek | 11 |
| Cincinnati | 3 |
| Columbus | 3 |
| Lima | 1 |
| Madison | 1 |
| Muncie | 1 |
| West Palm Beach-Boca Raton-Delray Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Y0F8X17ADZK505 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 419675 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 123570 | 2000–2016 |
| Respondent ID (the HMDA filer code before 2018) | 328533 | 2017–2017 |
Established 1 January 1887. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: First Bank Midwest's data.
First Bank Midwest's data
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First Bank Midwest 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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