Applications / Mortgage Analytics / Lenders / Indiana / The Garrett State Bank
Garrett, IN · State member bank · FRS · $394 million assets · 169 loans in 2025
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169
loans originated, 2025
210
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Garrett State Bank is a small Indiana lender that gained ground in its largest market, Fort Wayne, in 2025, lifting its share to 0.7% from 0.5%.
It ranks 38 of 304 lenders in Fort Wayne, where it has lent since 1990, when the public data begin. Its loans rose 9% in 2025, to 169, a little faster than the 7% of similar lenders, state member banks making between half and twice as many loans. The whole market grew 10%. It made 451 loans in 2020 and 284 in 2018.
Every loan it made was conventional. Its typical loan was $135,000, against $185,000 at similar lenders, smaller than at four in five of them. Purchases made up 50.9% of its loans and refinances 33.1%.
Neighborhoods of low- and moderate-income (LMI) households took 16.6% of its loans, up from 9.7% a year earlier and 5.3% five years before. That puts it near the middle of similar lenders, whose typical share is 16.4%. Its share in majority-minority neighborhoods rose to 6.5% from 1.9%.
LMI borrowers took 27.2% of its loans, close to the 27.8% at similar lenders. That share was 20.9% 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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Garrett State Bank took 210 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.9% · Refinance 33.1% · Other 8.3% · Home improvement 7.7%
Conventional 100.0% · of 169 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 | 169 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fort Wayne | 90 |
| Indianapolis-Carmel-Greenwood | 2 |
| Elkhart-Goshen | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300I3BPURP4WOHN47 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 465243 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2465243 | 1990–2017 |
Established 1 November 1893. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The Garrett State Bank's data.
The Garrett State Bank's data
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The Garrett State 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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