Applications / Mortgage Analytics / Lenders / Indiana / The New Washington State Bank
New Washington, IN · State non-member bank · FDIC · $763 million assets · 116 loans in 2025
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116
loans originated, 2025
136
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The New Washington State Bank made 57% more loans in 2025 than in 2024, faster growth than about nine in ten similar banks, though it was a rebound from a weak year.
Its loans rose from 74 to 116. Similar banks, meaning state non-member banks making between half and twice as many loans, grew by 9% and the whole market by 10%. The rise restores its pattern rather than breaking it: the bank made 94 loans in 2023 and 128 in 2021.
Every loan it made was conventional, with none insured or guaranteed by the government. Home purchases made up 53.4% of its lending, refinancing 31.0% and home improvement 8.6%. Its typical loan, $190,000, was close to the $175,000 at similar banks. Manufactured homes were 5.2% of its loans, against 3.2% at its peers.
Its largest market is Louisville, where it has lent since 1990. It ranked 68 of 510 lenders there, with 0.3% of the market's lending, up from 0.2% in 2024. United Wholesale Mortgage and Rocket Mortgage lead that market.
Its share of loans in poorer neighborhoods (low- and moderate-income, or LMI, tracts) rose to 13.6% from 7.5% a year earlier. That is still lower than the 18.1% at similar banks, possibly because its lending is concentrated in 6 counties, whose mix of neighborhoods sets the share. Its share of loans to LMI borrowers, 28.9%, was close to its peers'.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 New Washington State Bank took 136 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 53.4% · Refinance 31.0% · Home improvement 8.6% · Other 6.9%
Conventional 100.0% · of 116 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 | 95 | 81.9% |
| Kentucky | 8 | 6.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Louisville/Jefferson County | 102 |
| Indianapolis-Carmel-Greenwood | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q16CNQMW0O1O02 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 305442 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 313305 | 1990–2017 |
Established 8 March 1908. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The New Washington State Bank's data.
The New Washington State Bank's data
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The New Washington 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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