Faster than its peers
Its loans rose 18%, from 181 to 214, faster than about two-thirds of similar lenders: state member banks making between half and twice as many loans, whose typical growth was 7%. The whole market grew 10%.
Applications / Mortgage Analytics / Lenders / New York / Solvay Bank
Solvay Bank
Solvay, NY · State member bank · FRS · $1.2 billion assets · 214 loans in 2025
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214
loans originated, 2025
260
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Solvay Bank, a home-purchase lender whose biggest market is Syracuse, grew its loans 18% in 2025, faster than most similar banks.
A home-purchase bank
Purchases made up 69.6% of its loans. Its typical loan, $205,000, was a little larger than the $185,000 at similar banks. It turned down 3.9% of decided first-lien home-purchase applications on owner-occupied homes, against 7.3% at the typical similar bank, a lower rate than about seven in ten of them.
Holding its place in Syracuse
It has lent in Syracuse since 1990 and ranks 16 of 246 lenders there. Its share slipped to 2.0% from 2.1%, a change small enough to come from a few loans either way, or from faster growth by others. Empower Federal Credit Union leads the market with $300.1M.
More lending in poorer neighborhoods
The share of its loans on properties in low- and moderate-income neighborhoods more than doubled, to 13.3% from 6.1% in 2024. Five years earlier it was 6.3%.
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
214 loans in 2025, against a peak of 348 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Solvay Bank took 260 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
69.6% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 69.6% · Refinance 15.0% · Other 7.9% · Home improvement 7.5%
Conventional 100.0% · of 214 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
1 state, 3 metros, 8 counties
| State | Loans | Share |
|---|---|---|
| New York | 214 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Syracuse | 201 |
| Utica-Rome | 2 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BOYV1JVWTO8O89 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 722816 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2722816 | 1990–2017 |
Established 17 March 1917. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Solvay Bank's data.
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