Applications / Mortgage Analytics / Lenders / Michigan / Thumb Bank and Trust
Pigeon, MI · State member bank · FRS · $675 million assets · 128 loans in 2025
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128
loans originated, 2025
164
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Thumb Bank and Trust is a small rural Michigan lender of modest loans, with more lower-income borrowers than most similar banks.
Its largest market is non-metro Michigan, where it ranked 62 of 606 lenders. Its typical loan was $115,000, unchanged since 2020 and smaller than at more than four in five similar lenders (state member banks making between half and twice as many loans), where it was $175,000. Manufactured homes made up 6.2% of its loans, against 2.4% at peers.
Of its loans, 33.6% went to low- and moderate-income (LMI) borrowers, against 27.1% at similar lenders and 16.8% in 2020. Only 9.4% went to LMI neighborhoods, against 16.5%. A largely rural lender may simply have fewer such neighborhoods within reach, which would keep that share low even as it lends to many LMI borrowers.
Purchases made up 43.8% of its loans and refinances 33.6%, with home improvement at 12.5% and other purposes 10.2%. Every loan was conventional.
It made 128 loans, up 2% from 125, slower than the 8% at similar lenders and the whole market's 10%. That is well below the 300 of 2020 but in line with most years since 2022.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Thumb Bank and Trust took 164 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.8% · Refinance 33.6% · Home improvement 12.5% · Other 10.2%
Conventional 100.0% · of 128 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 |
|---|---|---|
| Michigan | 121 | 94.5% |
| Illinois | 2 | 1.6% |
| Ohio | 2 | 1.6% |
| Arizona | 1 | 0.8% |
| Nevada | 1 | 0.8% |
| Wisconsin | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 6 |
| Grand Rapids-Wyoming-Kentwood | 4 |
| Bay City | 3 |
| Saginaw | 3 |
| Dayton-Kettering-Beavercreek | 2 |
| Lake County | 2 |
| Jackson | 1 |
| Lansing-East Lansing | 1 |
| Las Vegas-Henderson-North Las Vegas | 1 |
| Midland | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300EJVZTLWGR61E96 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 698649 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 115817 | 2004–2017 |
Established 1 January 1895. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Thumb Bank and Trust's data.
Thumb Bank and Trust's data
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Thumb Bank and Trust 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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