Applications / Mortgage Analytics / Lenders / District of Columbia / Industrial Bank
Washington, DC · State non-member bank · FDIC · $773 million assets · 43 loans in 2025
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43
loans originated, 2025
126
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Industrial Bank, a Washington, DC bank, lends mostly in majority-minority neighborhoods, making fewer but much larger loans than similar banks.
Loans in majority-minority neighborhoods made up 83.7% of its lending, against 5.4% at similar lenders (state non-member banks making between half and twice as many loans). Loans in low- and moderate-income neighborhoods made up 30.2%, against 18.6%. Both may reflect where it lends: Washington, Baltimore, Richmond and New York.
It made 43 loans, down 22%, while similar banks grew 2%. But its typical loan was $385,000, against $165,000, so 43 loans came to $38.0 million, nearly three times the $13.0 million of a typical peer.
Its count moves widely: 119 loans in 2021, 13 in 2023, 55 in 2024. Refinancing took 55.8% of its 2025 loans. The data give no reason for the swings, and with so few loans a handful of deals moves the total.
None of its loans was higher-priced (a rate well above the average for similar loans), against 5.8% at similar banks. Its typical rate, 6.75%, was lower than at three-quarters of them. It has reported since at least 1990, and its 2019 merger with City National Bank of New Jersey brings that bank's filings into its competition figures.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Industrial Bank took 126 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 55.8% · Purchase 41.9% · Home improvement 2.3%
Conventional 90.7% · FHA 9.3% · of 43 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 |
|---|---|---|
| District of Columbia | 22 | 51.2% |
| Maryland | 17 | 39.5% |
| New Jersey | 2 | 4.7% |
| Virginia | 2 | 4.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Washington | 32 |
| Baltimore-Columbia-Towson | 6 |
| Arlington-Alexandria-Reston | 1 |
| Frederick-Gaithersburg-Bethesda | 1 |
| Lakewood-New Brunswick | 1 |
| New York-Jersey City-White Plains | 1 |
| Richmond | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300J8HNLGP2HYNE66 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 536527 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314679 | 1990–2017 |
| Respondent ID (the HMDA filer code before 2018) | 122850 | 1995–2006 |
Established 18 August 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Industrial Bank's data.
Industrial Bank's data
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Industrial 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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