Applications / Mortgage Analytics / Lenders / Michigan / Northstar Bank
Bad Axe, MI · State member bank · FRS · $1.1 billion assets · 91 loans in 2025
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91
loans originated, 2025
109
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northstar Bank is a home-purchase lender in Michigan whose loans go unusually often to low- and moderate-income borrowers, though its volume shrank again in 2025.
Purchases made up 79.1% of its loans and refinances only 15.4%. Every loan was conventional, with no government backing. Its typical loan was $195,000, a little above the $175,000 at similar lenders (state member banks making between half and twice as many loans).
Low- and moderate-income (LMI) borrowers took 43.8% of its loans, against 27.2% at the typical peer, higher than more than nine in ten of them. LMI neighborhoods took 25.3%, against 16.6%. Both shares were much the same a year earlier, so this is a settled pattern rather than a one-year swing.
It made 91 loans, down 16% from 108, while similar lenders grew 8% and the whole market 10%. Its growth was lower than nearly nine in ten peers'. Its peak was 351 loans five years earlier, and it has made 122 or fewer in each year from 2022. With refinances now only 15.4% of its loans, the fall may reflect a drop in refinancing rather than a retreat from home buyers.
Ann Arbor is its strongest market: it ranks 27 of 310 lenders there, where United Wholesale Mortgage leads. It has lent there since 2014, the year it first reported after merging with Seaway Community Bank, and it entered Muskegon-Norton Shores in 2025.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northstar Bank took 109 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 79.1% · Refinance 15.4% · Home improvement 4.4% · Other 1.1%
Conventional 100.0% · of 91 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 | 91 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 29 |
| Ann Arbor | 16 |
| Detroit-Dearborn-Livonia | 1 |
| Muskegon-Norton Shores | 1 |
| Saginaw | 1 |
| Traverse City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008S6MTNE6CY5G37 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2958972 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 357097 | 2014–2017 |
Established 1 February 2001. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: Northstar Bank's data.
Northstar Bank's data
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