Poorer places, better-off borrowers
Of its 55 loans in 2025, 36.4% went to homes in low- and moderate-income (LMI) neighborhoods, about double the 18.5% at similar lenders: state non-member banks making between half and twice as many loans. Majority-minority neighborhoods took 30.9%, against 6.4%. Yet only 9.4% of its borrowers had LMI incomes, against 27.4%. Its loans run larger than its peers', with a typical loan of $185,000 against $165,000, which may mean better-off buyers in those neighborhoods. On 55 loans, a handful of borrowers moves each of these shares.