Applications / Mortgage Analytics / Lenders / Wisconsin / The Bank of New Glarus
New Glarus, WI · State non-member bank · FDIC · $813 million assets · 488 loans in 2025
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488
loans originated, 2025
522
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Bank of New Glarus is a Wisconsin bank that ranks 13 of 380 lenders in Madison and reaches modest borrowers and poorer neighborhoods more often than most similar banks.
Low- and moderate-income (LMI) neighborhoods took 24.6% of its loans in 2025, against 15.6% at similar lenders (state non-member banks making between half and twice as many loans). That is higher than at more than four in five of them. LMI borrowers took 34.6%, against 27.5% at peers. The neighborhood share has drifted down, from 34.5% five years before.
It turned down 1.3% of decided home-purchase applications, against 5.1% at similar lenders, lower than at more than nine in ten. For refinances the figure was 2.2%, against 13.5% at peers. Its loans are also larger than most: the typical one was $265,000, against $180,000.
It has lent in Madison since 1998. Its share there slipped from 2.2% to 1.9%, in a market led by Summit Credit Union and UW Credit Union. The slip may simply mean its growth went elsewhere: its loans rose 10% in all, its share in Janesville-Beloit rose from 0.9% to 1.2%, and it entered Punta Gorda and Savannah in 2025.
Its loans rose to 488 from 444, in line with similar lenders, up 9%, and the whole market, up 10%. That is still about half the 938 it made in 2020. Refinances remain a large part of its business, at 37.7% of loans.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Bank of New Glarus took 522 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 58.4% · Refinance 37.7% · Other 2.5% · Home improvement 1.4%
Conventional 98.4% · VA 1.4% · USDA (RHS or FSA) 0.2% · of 488 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 | 465 | 95.3% |
| Illinois | 16 | 3.3% |
| Indiana | 4 | 0.8% |
| Florida | 1 | 0.2% |
| Georgia | 1 | 0.2% |
| Tennessee | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Madison | 341 |
| Janesville-Beloit | 45 |
| Milwaukee-Waukesha | 8 |
| Indianapolis-Carmel-Greenwood | 4 |
| Rockford | 4 |
| Chicago-Naperville-Schaumburg | 2 |
| Appleton | 1 |
| Eau Claire | 1 |
| Fond du Lac | 1 |
| Green Bay | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300HZMPZC336WP721 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 797140 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 310378 | 1998–2017 |
Established 30 October 1893. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: The Bank of New Glarus's data.
The Bank of New Glarus's data
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The Bank of New Glarus 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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