Applications / Mortgage Analytics / Lenders / Indiana / Peoples Bank
Munster, IN · State non-member bank · FDIC · $2.0 billion assets · 439 loans in 2025
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439
loans originated, 2025
602
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Peoples Bank, a Munster, Indiana, lender in the Chicago area, makes about a third of its loans for home improvement and other purposes rather than to buy or refinance a home.
Other purposes took 22.3% of its loans and home improvement 11.8%. Purchases were 39.9% and refinances 26.0%. Its typical loan, $165,000, was close to the $175,000 at similar lenders (state non-member banks making between half and twice as many loans). Jumbo loans (larger than the conforming limit) took 4.0% of its lending, against 1.4% at its peers.
Its loans rose 9% to 439, against 8% at similar lenders and 10% for the whole market. In 2020 it made 1,358 and also bought 265 loans from other lenders. Mergers with four lenders from 2014 to 2019, and with Royal Savings Bank in 2022, may have shaped its volume in those years.
Majority-minority areas took 17.3% of its loans, against 6.7% at similar lenders, more than at about three in four of them. Its place in the Chicago-Naperville-Elgin market, where it ranks 110 of 902 lenders, is a possible reason. Borrowers with low and moderate incomes (LMI) took 27.8%, near the middle of its peers.
It turned down 3.9% of applications for first-lien home-purchase loans on owner-occupied homes, against 4.7% at similar lenders. Its share of higher-priced loans (a rate well above the average for similar loans), 1.7%, matched its peers'.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Peoples Bank took 602 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 39.9% · Refinance 26.0% · Other 22.3% · Home improvement 11.8%
Conventional 98.4% · FHA 1.6% · of 439 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 | 331 | 75.4% |
| Illinois | 95 | 21.6% |
| Florida | 5 | 1.1% |
| Georgia | 2 | 0.5% |
| Michigan | 2 | 0.5% |
| Alabama | 1 | 0.2% |
| California | 1 | 0.2% |
| North Dakota | 1 | 0.2% |
| Virginia | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lake County-Porter County-Jasper County | 322 |
| Chicago-Naperville-Schaumburg | 92 |
| Michigan City-La Porte | 4 |
| Cape Coral-Fort Myers | 2 |
| Indianapolis-Carmel-Greenwood | 2 |
| Lake County | 2 |
| Chattanooga | 1 |
| Elgin | 1 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Homosassa Springs | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Y7HCU10KIRLG30 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 568470 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 43589 | 1990–1993 |
| Respondent ID (the HMDA filer code before 2018) | 329523 | 1994–2017 |
Established 1 January 1916. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Peoples Bank's data.
Peoples Bank's data
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