A sharp rise
Its loans rose 51%, to 71 from 47, while similar lenders, savings institutions making between half and twice as many loans, grew 3%. That brings it back near the 80 it made in 2020, after a dip to 39 in 2023.
Applications / Mortgage Analytics / Lenders / Indiana / Farmers & Mechanics
Farmers & Mechanics
Bloomfield, IN · Savings institution · FDIC · $117 million assets · 71 loans in 2025
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71
loans originated, 2025
112
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers & Mechanics, an Indiana savings institution, raised its lending by 51% in 2025, faster than about nine in ten similar lenders.
Manufactured homes, smaller loans
Manufactured homes were 9.9% of its loans; most similar lenders made none. Its typical loan, $155,000, was lower than at about four in five of them, where it was $245,000. Purchases were 54.9% of its loans, all conventional.
Poorer borrowers, few poorer neighborhoods
Low- and moderate-income (LMI) borrowers took 30.8% of its loans, up from 19.1% and above the 25.4% at similar lenders. LMI neighborhoods took only 5.6%, against 17.5%, among the lowest tenth. One possible reason is that the 9 counties it lends in contain few such neighborhoods.
Rooted in Bloomington
In Bloomington, where it has lent since at least 1990, it ranked 35 of 229 lenders with 0.5% of the market.
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
71 loans in 2025, against a peak of 80 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Farmers & Mechanics took 112 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
54.9% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 54.9% · Refinance 18.3% · Other 14.1% · Home improvement 7.0% · Not applicable 5.6%
Conventional 100.0% · of 71 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
1 state, 3 metros, 9 counties
| State | Loans | Share |
|---|---|---|
| Indiana | 71 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Bloomington | 25 |
| Indianapolis-Carmel-Greenwood | 3 |
| Terre Haute | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TDS8QNL4IOOX73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 412872 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 41669 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1701669 | 2011–2016 |
| Respondent ID (the HMDA filer code before 2018) | 328478 | 2017–2017 |
Established 1 January 1892. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Farmers & Mechanics's data.
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