Applications / Mortgage Analytics / Lenders / Wisconsin / Marathon Bank
Wausau, WI · Savings institution · FDIC · $248 million assets · 63 loans in 2025
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63
loans originated, 2025
76
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Marathon Bank, a Wausau savings bank, made half as many loans again in 2025 as a year earlier, and now lends well beyond central Wisconsin.
Its loans rose 50%, from 42 to 63, faster than nearly nine in ten similar lenders, meaning savings institutions making between half and twice as many loans. Those grew 2% and the whole market 10%. It filed no report for 2020 and 2021; that is a gap in the record, not a pause in lending. It made 86 loans in 2019.
It has lent in Wausau since at least 1990 and ranks 42 of 196 lenders there; Covantage Credit Union leads. Its Milwaukee share rose from 0.1% to 0.2%, and in 2025 it entered non-metro Texas and Lakeland-Winter Haven. Its Wausau share slipped from 0.6% to 0.5%, possibly because growth went to those other markets.
Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took 27.0% of its loans, up from 14.3%, against 16.7% at similar lenders. Majority-minority neighborhoods took 17.5%, up from 4.8%, against 7.1%. Both are higher than about four in five peers, and its move into larger metros may explain much of the rise.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Marathon Bank took 76 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.9% · Refinance 22.2% · Other 12.7% · Home improvement 3.2%
Conventional 100.0% · of 63 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 |
|---|---|---|
| Wisconsin | 59 | 93.7% |
| Florida | 2 | 3.2% |
| Illinois | 1 | 1.6% |
| Texas | 1 | 1.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Milwaukee-Waukesha | 26 |
| Wausau | 26 |
| La Crosse-Onalaska | 1 |
| Lake County | 1 |
| Lakeland-Winter Haven | 1 |
| West Palm Beach-Boca Raton-Delray Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900GG6WW4AAUFXJ50 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 596978 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 44000 | 1990–1992 |
| Respondent ID (the HMDA filer code before 2018) | 329745 | 1993–2017 |
Established 1 January 1902. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Marathon Bank's data.
Marathon Bank's data
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