Applications / Mortgage Analytics / Lenders / Indiana / First State Bank of Middlebury
Middlebury, IN · State non-member bank · FDIC · $813 million assets · 181 loans in 2025
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181
loans originated, 2025
210
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank of Middlebury is the tenth-largest lender in Elkhart-Goshen, and its share there rose in 2025 as its loans grew 30%.
It made 181 loans in 2025, up 30% from 139. Similar lenders, state non-member banks making between half and twice as many loans, grew 9%, so it grew faster than about four in five. Its count had fallen from 637 in 2020 to 139 in 2024.
Purchases made up 74.0% of its loans, and every loan was conventional. Its typical loan, $235,000, was larger than the $175,000 at similar lenders. It turned down 3.8% of home-purchase applications, against 6.6% at peers.
In Elkhart-Goshen, where it has lent since at least 1990, its share rose 0.9 points to 3.0%, and it ranked 10 of 201 lenders. Its share also rose in South Bend-Mishawaka.
Low- and moderate-income (LMI) neighborhoods took 6.2% of its loans, against 17.6% at similar lenders, among the lowest tenth, and down from 11.5%. LMI borrowers took 19.5%, against 27.7%. Possible reasons are its larger purchase loans and the parts of Elkhart-Goshen it serves.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 State Bank of Middlebury took 210 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.0% · Refinance 19.3% · Other 5.5% · Home improvement 1.1%
Conventional 100.0% · of 181 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 | 162 | 89.5% |
| Michigan | 17 | 9.4% |
| Florida | 2 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Elkhart-Goshen | 113 |
| South Bend-Mishawaka | 32 |
| Niles | 2 |
| Cape Coral-Fort Myers | 1 |
| Indianapolis-Carmel-Greenwood | 1 |
| Kalamazoo-Portage | 1 |
| Lake County-Porter County-Jasper County | 1 |
| Michigan City-La Porte | 1 |
| North Port-Bradenton-Sarasota | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZLAWM1M5QAJH43 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 967046 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38745 | 1990–2017 |
Established 1 January 1910. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First State Bank of Middlebury's data.
First State Bank of Middlebury's data
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First State Bank of Middlebury 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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