Applications / Mortgage Analytics / Lenders / Michigan / Honor Bank
Honor, MI · State non-member bank · FDIC · 80 loans in 2025
Honor Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
80
loans originated, 2025
128
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Honor Bank, a Michigan bank that first reported in 2024, is a home-purchase lender with a foothold in Traverse City, though its lending fell in its second year.
Home purchases made up 71.3% of its loans and refinances 25.0%, with almost no home-improvement lending. Nearly every loan was conventional. Its typical loan was $240,000, larger than the $170,000 of similar lenders, state non-member banks making between half and twice as many loans, and larger than at about three-quarters of them.
It made 80 loans in 2025, down 26% from 108 in 2024, its first year of reporting. Similar lenders grew by 9%, and the whole market by 10%, so few peers fell as far. With only two years on record, it is too early to say whether 2024 or 2025 is the more usual level for the bank.
Traverse City, MI, is its main market. It ranks 16 of 274 lenders there, in a market led by United Wholesale Mortgage. Its share fell from 2.7% to 1.6% as its own lending shrank; a bank in its second year of reporting may still be finding its level. Its other loans are spread across rural Michigan, in 12 counties in all.
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, 2024–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Honor Bank took 128 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.3% · Refinance 25.0% · Other 2.5% · Home improvement 1.3%
Conventional 98.8% · USDA (RHS or FSA) 1.3% · 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 |
|---|---|---|
| Michigan | 80 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Traverse City | 58 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 98450089CFE04ED8C818 | 2024–2025 |
Established 15 June 1917. Reported under HMDA 2024-2025.
Mergers, name changes, data editions and corrections: Honor Bank's data.
Honor Bank's data
$215
Honor 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.
Buy Honor Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]