Applications / Mortgage Analytics / Lenders / Ohio / Merchants National Bank
Hillsboro, OH · National bank · OCC · $1.3 billion assets · 254 loans in 2025
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254
loans originated, 2025
348
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Merchants National Bank, an Ohio national bank that lends mainly to home buyers, made more of its 254 loans in 2025 to poorer borrowers than most similar lenders did.
Low- and moderate-income (LMI) borrowers took 35.1% of its loans, against 25.4% at similar lenders (national banks making between half and twice as many loans), more than at about four in five of them. Poorer neighborhoods (LMI census tracts) received 19.3%, against 15.9%.
Purchases made up 59.1% of its loans and refinances 31.1%. All were conventional. Manufactured homes were 7.5% of its lending, against 1.4% at similar lenders, higher than at about four in five of them. Its typical loan, $175,000, was smaller than peers' $205,000.
Its loans rose 4% to 254, close to the 5% at similar lenders and below the whole market's 10%. It made 799 loans in 2020, far more than the 305 of 2018, and 216 in 2023.
Its largest market is non-metro Ohio, where it ranks 53 of 592 lenders. In Springfield, OH its share fell 0.5 points to 0.3%, and it ranks 45 of 216; a single year's swing in a small market may account for that. In Cincinnati, IN-KY-OH and Dayton-Kettering-Beavercreek, OH its share rose 0.1 points to 0.1%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Merchants National Bank took 348 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 59.1% · Refinance 31.1% · Other 6.3% · Home improvement 3.5%
Conventional 100.0% · of 254 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 |
|---|---|---|
| Ohio | 250 | 98.4% |
| Georgia | 1 | 0.4% |
| Indiana | 1 | 0.4% |
| Kentucky | 1 | 0.4% |
| Nevada | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Columbus | 48 |
| Cincinnati | 47 |
| Dayton-Kettering-Beavercreek | 13 |
| Springfield | 11 |
| Cleveland | 1 |
| Las Vegas-Henderson-North Las Vegas | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900PJ63T7KFSHAV90 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 701222 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 12449 | 1999–2017 |
Established 25 December 1879. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Merchants National Bank's data.
Merchants National Bank's data
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Merchants National Bank 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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