Applications / Mortgage Analytics / Lenders / Michigan / Southern Michigan Bank & Trust
Coldwater, MI · State non-member bank · FDIC · $1.7 billion assets · 344 loans in 2025
Southern Michigan Bank & Trust's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
344
loans originated, 2025
470
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Southern Michigan Bank & Trust raised its home lending by 38% in 2025, faster than about nine in ten similar banks, and is spreading into new markets.
It made 344 loans in 2025, up from 249, while similar lenders, state non-member banks making between half and twice as many loans, grew 9%. That still leaves it below the 516 loans of 2020. Home purchases made up 61.0% of its loans, and home improvement 11.9%.
Its largest market is non-metro Michigan, where it ranks 40 of 606 lenders. Its share also rose in Jackson. In Battle Creek it ranks 23 of 209 with 0.9% of the dollars lent, unchanged from a year earlier. It has lent in all three since 1992.
It now lends in 6 states and 21 metros. It entered Coeur d'Alene, Lexington and Weirton in 2025, and its Toledo share rose to 0.2%. Wider reach is one possible source of the year's growth, though each new market is small.
Only 1.5% of its loans went to majority-minority neighborhoods, against 6.8% for similar lenders, and 11.4% to low- and moderate-income neighborhoods, against 16.5%. Its focus on non-metro Michigan may account for much of this, if such neighborhoods are scarce where it lends. Its share of loans to low- and moderate-income borrowers, 27.3%, is close to the peer figure.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Southern Michigan Bank & Trust took 470 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.0% · Refinance 20.1% · Home improvement 11.9% · Other 7.0%
Conventional 100.0% · of 344 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 | 326 | 94.8% |
| Ohio | 7 | 2.0% |
| Florida | 5 | 1.5% |
| Indiana | 4 | 1.2% |
| Idaho | 1 | 0.3% |
| Kentucky | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Jackson | 66 |
| Battle Creek | 32 |
| Kalamazoo-Portage | 9 |
| Grand Rapids-Wyoming-Kentwood | 7 |
| South Bend-Mishawaka | 5 |
| Niles | 4 |
| Detroit-Dearborn-Livonia | 3 |
| Lansing-East Lansing | 3 |
| Toledo | 3 |
| Ann Arbor | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006ONI6N95VKB649 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 822042 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 35019 | 1992–2017 |
Established 16 January 1872. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Southern Michigan Bank & Trust's data.
Southern Michigan Bank & Trust's data
$215
Southern Michigan Bank & Trust 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.
Buy Southern Michigan Bank & Trust's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]