Applications / Mortgage Analytics / Lenders / Indiana / First National Bank
Cloverdale, IN · National bank · OCC · $426 million assets · 80 loans in 2025
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80
loans originated, 2025
110
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First National Bank, based in Cloverdale, Indiana, is a refinance lender: 57.5% of its 80 loans in 2025 were refinancings, and its volume is far below its 2020 peak.
Refinancings were 57.5% of its loans and purchases 40.0%, all conventional. Manufactured homes were 5.0%, higher than about seven in ten similar lenders, national banks making between half and twice as many loans, whose typical share was 1.4%.
Its loans rose 11% to 80 from 72, close to the whole market's 10% and above similar lenders' 5%. The count peaked at 279 in 2020 and fell each year to 2024. The figures do not say why; a lender so tied to refinancing may simply have followed refinancing demand.
Low- and moderate-income (LMI) borrowers took 31.0% of its loans, against 22.4% at similar lenders, higher than about seven in ten of them. The share of its loans in LMI neighborhoods rose to 20.0%, from 2.9% in 2020.
It has lent in Terre Haute and Bloomington since 1995. In Terre Haute it ranked 54 of 220 lenders with 0.2%, up from 0.0%. In Bloomington it ranked 56 of 229 with 0.2%, unchanged. Its share in Columbus, IN also rose, 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First National Bank took 110 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 57.5% · Purchase 40.0% · Home improvement 1.3% · Other 1.3%
Conventional 100.0% · of 80 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 | 79 | 98.8% |
| Illinois | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 29 |
| Bloomington | 12 |
| Terre Haute | 6 |
| Columbus | 1 |
| Decatur | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930035C68SRQ1RS395 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 60648 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 110465 | 1992–2017 |
Established 1 January 1913. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: First National Bank's data.
First National Bank's data
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First 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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