A shrinking book
Its loans fell from 92 to 58, a drop of 37% in a year when similar lenders (state non-member banks making between half and twice as many loans) grew 8%. The decline has run every year since 2020. Nothing in its filings explains it.
Applications / Mortgage Analytics / Lenders / Illinois / Prospect Bank
Prospect Bank
Paris, IL · State non-member bank · FDIC · $676 million assets · 58 loans in 2025
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58
loans originated, 2025
73
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Prospect Bank, a small Illinois lender, made 58 loans in 2025 against 253 in 2020, and its lending fell faster last year than at almost any similar bank.
Slipping in Terre Haute, gaining in Champaign
In Terre Haute its share fell from 1.0% to 0.5%, placing it 30 of 220 lenders, in line with its own smaller book. Its share rose in Champaign-Urbana, a market it entered in 2009.
Modest earners, smaller loans
Low- and moderate-income (LMI) borrowers took 32.6% of its loans, against 26.9% at peers, more than at about two in three. Its typical loan, $125,000, was smaller than the peers' $167,500, below about three in four of them. Purchases made up 60.3% of its lending, all conventional.
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
58 loans in 2025, against a peak of 253 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Prospect Bank took 73 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
60.3% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 60.3% · Refinance 32.8% · Home improvement 3.4% · Other 3.4%
Conventional 100.0% · of 58 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
3 states, 7 metros, 15 counties
| State | Loans | Share |
|---|---|---|
| Illinois | 40 | 69.0% |
| Indiana | 17 | 29.3% |
| Georgia | 1 | 1.7% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Terre Haute | 15 |
| Champaign-Urbana | 13 |
| Brunswick-St. Simons | 1 |
| Chicago-Naperville-Schaumburg | 1 |
| Columbus | 1 |
| Decatur | 1 |
| Indianapolis-Carmel-Greenwood | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QWYPPH283K6R36 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 738143 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 33722 | 2009–2017 |
Established 23 March 1873. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Prospect Bank's data.
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