Applications / Mortgage Analytics / Lenders / Wisconsin / The Equitable Bank
Wauwatosa, WI · Savings institution · FDIC · $332 million assets · 250 loans in 2025
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250
loans originated, 2025
340
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Equitable Bank is a Milwaukee home-purchase lender that has held its place in its home market while its volume has stayed far below the peak of 2020.
Home purchases made up 73.6% of its loans in 2025. Its typical loan was $335,000, against $225,000 for similar lenders (savings institutions making between half and twice as many loans), larger than about three-quarters of them. It also makes a few government-backed loans, which most similar lenders do not.
It made 250 loans, up 1% on 2024, while similar lenders typically grew 8% and the whole market 10%. In 2020 it made 1,963. Volume has barely moved since 2023.
It has lent in Milwaukee-Waukesha since 1990 and ranked 29 of 510 lenders there, with a share of 0.9%, unchanged. Landmark Credit Union and Summit Credit Union lead that market. It edged up in Racine, to 0.3% from 0.2%, and in Kenosha, to 0.2% from 0.1%.
Some 11.2% of its loans went to majority-minority neighborhoods, against 4.0% for similar lenders, more than about two-thirds of them. Its denial rate on home-purchase applications was 5.4%, close to peers' 6.2%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Equitable Bank took 340 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 73.6% · Refinance 23.6% · Other 2.4% · Home improvement 0.4%
Conventional 96.4% · VA 2.4% · FHA 1.2% · of 250 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 | 250 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Milwaukee-Waukesha | 214 |
| Racine-Mount Pleasant | 11 |
| Kenosha | 6 |
| Appleton | 2 |
| Sheboygan | 2 |
| Fond du Lac | 1 |
| Janesville-Beloit | 1 |
| Madison | 1 |
| Minneapolis-St. Paul-Bloomington | 1 |
| Oshkosh-Neenah | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300N24HTC7KQ3LC70 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 336576 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 41954 | 1990–1992 |
| Respondent ID (the HMDA filer code before 2018) | 328614 | 1993–2017 |
Established 1 January 1927. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The Equitable Bank's data.
The Equitable Bank's data
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The Equitable 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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