Modest borrowers
Similar lenders, state member banks making between half and twice as many loans, gave 28.6% of their loans to low- and moderate-income (LMI) borrowers. Its own share was 40.3% in 2024 and 29.6% five years before.
Applications / Mortgage Analytics / Lenders / Indiana / The Friendship State Bank
The Friendship State Bank
Friendship, IN · State member bank · FRS · $555 million assets · 210 loans in 2025
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210
loans originated, 2025
282
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Friendship State Bank lends small sums to people of modest means: low- and moderate-income borrowers took 38.5% of its loans in 2025, more than at nearly nine in ten similar lenders.
Small loans for many purposes
Its typical loan was $135,000, against $185,000 at similar lenders, smaller than at four in five of them. Purchases made up only 43.3% of its loans; refinances took 33.8%, and home-improvement and other loans the rest. Manufactured homes were 8.1% of its lending, against 1.9% at similar lenders. Such loans tend to be small, which may explain part of the gap.
Back from the low
It made 210 loans in 2025, up from 171 in 2023 and 201 in 2024. That rise of 4% trailed the 7% of similar lenders and the 10% of the whole market. It made 555 loans in 2020 and 380 in 2018.
A long presence in Cincinnati
It has lent in the Cincinnati metro area since 1993 and holds 0.1% of it, ranking 159 of 621 lenders. Its share did not change in 2025.
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
210 loans in 2025, against a peak of 555 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Friendship State Bank took 282 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
43.3% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 43.3% · Refinance 33.8% · Other 12.4% · Home improvement 10.5%
Conventional 100.0% · of 210 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
4 states, 4 metros, 16 counties
| State | Loans | Share |
|---|---|---|
| Indiana | 200 | 95.2% |
| Kentucky | 6 | 2.9% |
| Ohio | 3 | 1.4% |
| Michigan | 1 | 0.5% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Cincinnati | 70 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Indianapolis-Carmel-Greenwood | 1 |
| Louisville/Jefferson County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900803AYZRNV49618 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 427241 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2427241 | 1993–2017 |
Established 26 October 1912. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: The Friendship State Bank's data.
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