Applications / Mortgage Analytics / Lenders / Indiana / The Farmers Bank, Frankfort, Indiana
Frankfort, IN · State non-member bank · FDIC · $1.1 billion assets · 348 loans in 2025
The Farmers Bank, Frankfort, Indiana's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
348
loans originated, 2025
431
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Farmers Bank, Frankfort, Indiana is a small-loan lender, with more than a fifth of its loans going to home improvement.
Home improvement made up 21.3% of its loans in 2025 and other purposes 10.6%. Such loans tend to be small, which may help explain a typical loan of $125,000 against $180,000 at similar lenders (state non-member banks making between half and twice as many loans). That is lower than about four in five of them. Manufactured homes, 6.3% of its loans against 2.3% for peers, point the same way.
Its loans fell 6% to 348, while similar lenders grew 9% and the whole market 10%. The record since 2018 has no steady trend: 269 loans in 2018, 454 in 2020, 452 in 2022. One soft year at a lender of this size is a small move.
It has lent in Lafayette and Indianapolis since 1991 and in Kokomo since 1993. It holds 0.3% of Kokomo's market, 50th of 209 lenders, and 0.2% of Lafayette's, 54th of 267, both unchanged from 2024. Its share of Indianapolis rose a little.
Low- and moderate-income (LMI) borrowers took 28.8% of its loans, close to peers' 28.4%. LMI neighborhoods took 13.8%, below peers' 16.5% but up from 6.4% in 2020. The lower neighborhood share may reflect the mix of tracts in the Indiana markets it serves.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Farmers Bank, Frankfort, Indiana took 431 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.1% · Refinance 25.0% · Home improvement 21.3% · Other 10.6%
Conventional 100.0% · of 348 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 |
|---|---|---|
| Indiana | 340 | 97.7% |
| Florida | 3 | 0.9% |
| Georgia | 1 | 0.3% |
| Illinois | 1 | 0.3% |
| South Carolina | 1 | 0.3% |
| Tennessee | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 172 |
| Lafayette-West Lafayette | 17 |
| Kokomo | 8 |
| Bloomington | 1 |
| Cape Coral-Fort Myers | 1 |
| Hilton Head Island-Bluffton-Port Royal | 1 |
| Lake County-Porter County-Jasper County | 1 |
| Muncie | 1 |
| Naples-Marco Island | 1 |
| Nashville-Davidson--Murfreesboro--Franklin | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300VIKSC6B00SLF36 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 423449 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 312828 | 1991–2017 |
Established 1 January 1876. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: The Farmers Bank, Frankfort, Indiana's data.
The Farmers Bank, Frankfort, Indiana's data
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The Farmers Bank, Frankfort, Indiana 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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