A return to growth
Originations rose to 263. Similar lenders (state member banks making between half and twice as many loans) grew 7% and the whole market 10%. It remains well below the 621 loans it made in 2020.
Applications / Mortgage Analytics / Lenders / Illinois / Grundy Bank
Grundy Bank
Morris, IL · State member bank · FRS · $372 million assets · 263 loans in 2025
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263
loans originated, 2025
284
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Grundy Bank, a state member bank lending mostly in Illinois, grew 14% in 2025 after three years of decline, faster than similar lenders and the whole market.
Plain conventional lending
Purchases made up 49.8% of its loans, and 98.9% were conventional. Its typical loan, $185,000, was close to peers' $190,000. Its higher-priced share (a rate well above the average for similar loans) was 0.9%, against 2.4% at peers.
Lower-income borrowers, fewer such areas
Low- and moderate-income (LMI) borrowers took 32.3% of its loans, against 28.2% at peers. LMI areas took 11.0%, against 16.1%, lower than about four in five similar lenders, though up from 1.9% five years before. The 21 counties it lends in may hold fewer such areas than peers' markets.
A small gain in Kankakee
Its share in Kankakee, IL rose to 0.5% from 0.2%, ranking 42 of 206 lenders; in a market that size the rise may rest on a few loans. In Chicago-Naperville-Elgin, its largest market, it ranked 197 of 902.
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
263 loans in 2025, against a peak of 621 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Grundy Bank took 284 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
49.8% of its 2025 loans were purchase loans; 98.9% were conventional loans.
Purchase 49.8% · Refinance 35.0% · Other 9.9% · Home improvement 5.3%
Conventional 98.9% · USDA (RHS or FSA) 1.1% · of 263 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
6 states, 7 metros, 21 counties
| State | Loans | Share |
|---|---|---|
| Illinois | 254 | 96.6% |
| Texas | 3 | 1.1% |
| Michigan | 2 | 0.8% |
| Wisconsin | 2 | 0.8% |
| Indiana | 1 | 0.4% |
| Missouri | 1 | 0.4% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 204 |
| Kankakee | 9 |
| Elgin | 7 |
| Houston-Pasadena-The Woodlands | 3 |
| Lake County | 2 |
| Muskegon-Norton Shores | 1 |
| St. Louis | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300F08RTZA4O1LF12 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 715144 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2715144 | 2002–2017 |
Established 16 September 1864. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Grundy Bank's data.
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