Applications / Mortgage Analytics / Lenders / Illinois / The Harvard State Bank
Harvard, IL · State non-member bank · FDIC · $328 million assets · 29 loans in 2025
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29
loans originated, 2025
36
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Harvard State Bank, a small Illinois lender that has filed home-loan reports since 1990, made just 29 loans in 2025, about a tenth of the 271 it made in 2020.
Its loans have fallen every year since 2020: from 271 to 163, then 93, 46, 41 and now 29. The 29% drop in 2025 came as similar lenders (state non-member banks making between half and twice as many loans) held steady and the whole market grew 10%. Only about one in six similar lenders shrank faster. Nothing in its reports says why; at this size a handful of loans either way moves the yearly change a lot.
Purchases made up 62.1% of its loans and refinancing 34.5%. Every loan was conventional, with no government-backed lending, which is the norm among similar lenders. It bought no loans from other lenders. With 29 loans, its shares of lending to low- and moderate-income borrowers or to majority-minority neighborhoods rest on a few loans each and are too small to read much into.
Its lending spans 10 counties in 2 states, mostly in Illinois. It has lent in Chicago and Rockford since 1990. It ranks 419 of 902 lenders in Chicago and 207 of 302 in Rockford, where its share slipped 0.1 points as its loan count fell. The filings of Hebron State Bank and Rock River Bank, with which it merged in 2001 and 2009, count as its own in these market figures.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Harvard State Bank took 36 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 62.1% · Refinance 34.5% · Other 3.4%
Conventional 100.0% · of 29 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 |
|---|---|---|
| Illinois | 19 | 65.5% |
| Wisconsin | 10 | 34.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 10 |
| Elgin | 3 |
| Milwaukee-Waukesha | 3 |
| Rockford | 3 |
| Janesville-Beloit | 1 |
| Racine-Mount Pleasant | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TUISK0W7DE2464 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 800134 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39079 | 1990–2017 |
Established 1 August 1866. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The Harvard State Bank's data.
The Harvard State Bank's data
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The Harvard 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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