Gaining in Lafayette
Its share of the Lafayette-West Lafayette market rose to 1.5% from 1.4%. It has lent there since 1991. Its share of Muncie, a market it entered in 2021, also rose. In Kokomo its share held at 0.3%.
Applications / Mortgage Analytics / Lenders / Indiana / The Fountain Trust Company
The Fountain Trust Company
Covington, IN · State non-member bank · FDIC · $676 million assets · 162 loans in 2025
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162
loans originated, 2025
282
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Fountain Trust Company is an Indiana purchase lender whose largest market is Lafayette-West Lafayette, where it ranks 14 of 267 lenders and gained share in 2025.
Fewer loans, again
Its loans fell 16% in 2025, to 162, while similar lenders, state non-member banks making between half and twice as many loans, grew 10%, as did the whole market. Fewer than one in eight similar lenders shrank as much. It made 550 loans in 2020 and 181 in 2018, so it now lends less than before the peak. It still makes more loans than about three in five similar lenders.
A conventional purchase lender
Home purchases made up 67.3% of its loans, and every loan was conventional. Its typical loan was $165,000, close to the $175,000 at similar lenders.
More lending in poorer neighborhoods
Neighborhoods of low- and moderate-income (LMI) households took 27.8% of its loans, against 17.4% at similar lenders, more than about three in four of them. The share was 18.9% a year earlier and 10.4% five years before.
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
162 loans in 2025, against a peak of 550 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Fountain Trust Company took 282 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
67.3% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 67.3% · Refinance 21.0% · Other 7.4% · Home improvement 4.3%
Conventional 100.0% · of 162 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
3 states, 9 metros, 22 counties
| State | Loans | Share |
|---|---|---|
| Indiana | 160 | 98.8% |
| Florida | 1 | 0.6% |
| Illinois | 1 | 0.6% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Lafayette-West Lafayette | 92 |
| Indianapolis-Carmel-Greenwood | 4 |
| Kokomo | 4 |
| Lake County-Porter County-Jasper County | 2 |
| Muncie | 2 |
| Elgin | 1 |
| Fort Wayne | 1 |
| Punta Gorda | 1 |
| Terre Haute | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BM59EMYEJ5Q179 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 145844 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 35768 | 2004–2017 |
Established 1 January 1903. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: The Fountain Trust Company's data.
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