Applications / Mortgage Analytics / Lenders / Illinois / West Central Bank
Ashland, IL · State non-member bank · FDIC · $246 million assets · 87 loans in 2025
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87
loans originated, 2025
92
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
West Central Bank, a small Illinois lender, nearly halved its mortgage lending in 2025, yet it still lends more to poorer borrowers and neighborhoods than most banks its size.
The bank made 87 loans in 2025, down from 167 the year before. Similar lenders, state non-member banks making between half and twice as many loans, grew 9%, and the whole market grew 10%. Only about one in a hundred of them fell further. It made 291 loans in 2020, its high point since 2018, and has made fewer since. The data do not say why 2025 was so weak.
Two in five of its loans, 40.9%, went to low- and moderate-income (LMI) borrowers, against 27.3% at the typical similar lender. The share in LMI neighborhoods was 41.4%, against 18.4%. Both are higher than at more than four in five similar lenders, and the neighborhood share has more than doubled since 2020.
Its typical loan was $115,000, against $175,000 at similar lenders. Every loan was conventional, with no government-backed lending. Refinances, at 47.1% of loans, matched home purchases.
Springfield, Illinois, is its main metro market, where it has lent since 2012. Its share there fell from 1.8% to 1.1%, leaving it 24th of 217 lenders. INB leads that market. The smaller book of 2025 may account for the slip.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. West Central Bank took 92 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 47.1% · Purchase 46.0% · Other 6.9%
Conventional 100.0% · of 87 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 |
|---|---|---|
| Illinois | 86 | 98.9% |
| Florida | 1 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 36 |
| Punta Gorda | 1 |
| St. Louis | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490076YOMAEM6W0N66 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 920733 | 2012–2023 |
| Respondent ID (the HMDA filer code before 2018) | 310853 | 2012–2017 |
Established 12 June 1933. Reported under HMDA 2012-2025.
Mergers, name changes, data editions and corrections: West Central Bank's data.
West Central Bank's data
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West Central 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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