Applications / Mortgage Analytics / Lenders / Wisconsin / Spring Bank
Brookfield, WI · State non-member bank · FDIC · $434 million assets · 23 loans in 2025
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23
loans originated, 2025
30
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Spring Bank, a small Wisconsin bank, has for years lent unusually often in poorer and majority-minority neighborhoods, but its loans fell 38% in 2025, to 23.
Similar lenders here are state non-member banks making between half and twice as many loans. In 2024, when it made 37 loans, 48.6% were in majority-minority neighborhoods and 48.6% in low- and moderate-income (LMI) neighborhoods. In 2020, on 42 loans, the shares were 47.6% and 50.0%. The typical similar lender in 2025 made 4.3% and 18.9%.
Its loans fell from 37 to 23, while the typical peer's fell 9% and the whole market grew 10%. At this size a dozen loans either way could be an ordinary swing for a lender whose business is mostly refinancing. It made 51 loans in 2018 and filed no report for 2021 or 2022, gaps that need not mean it stopped lending, since a bank making fewer than 100 closed-end loans a year need not report. At 23 loans, its shares for 2025 alone are too small to lean on.
Refinances made most of its lending in 2025, and all its loans were conventional. Its typical loan, $225,000, was the same as in 2024 and larger than the peers' $175,000.
Milwaukee-Waukesha is its main market, where it ranks 128 of 510 lenders. In Racine-Mount Pleasant its share fell from 0.7% to 0.0%, which may simply reflect its own much smaller lending.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Spring Bank took 30 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 69.6% · Purchase 26.1% · Home improvement 4.3%
Conventional 100.0% · of 23 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 |
|---|---|---|
| Wisconsin | 23 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Milwaukee-Waukesha | 22 |
| Racine-Mount Pleasant | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Z0DIN11QBU4C61 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3721605 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 358780 | 2010–2017 |
Established 28 August 2008. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Spring Bank's data.
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