Refinancing as much as buying
Purchases made up 52.2% of its 224 loans in 2025 and refinances 46.9%. Every loan was conventional. It made 4% fewer loans than the 234 of 2024, while the whole market grew 10%.
Applications / Mortgage Analytics / Lenders / Michigan / West Shore Bank
West Shore Bank
Ludington, MI · Depository institution · FDIC · 224 loans in 2025
West Shore Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
224
loans originated, 2025
281
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
West Shore Bank, of Ludington, Michigan, splits its lending almost evenly between home purchases and refinances, and ranks 10 of 274 lenders in Traverse City.
A presence in Traverse City
Traverse City is its strongest market: it ranks 10 of 274 lenders there, with a share of 2.3%, unchanged from 2024. United Wholesale Mortgage and Lake Michigan Credit Union lead that market. It also ranks 42 of 606 in non-metro Michigan, its largest market, and its share in Muskegon-Norton Shores rose to 0.3%.
A short record
Its record covers only 2024 and 2025, so there is little history to judge it by. Its comparison group is just 10 lenders of the same type making between a quarter and four times as many loans, too few to read much into.
Few loans in poorer neighborhoods
Low- and moderate-income borrowers took 26.0% of its loans, but only 5.0% went to poorer neighborhoods. Its largest market is non-metro Michigan, and the mix of neighborhoods in the places it serves may explain the low figure.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2024–2025
224 loans in 2025, against a peak of 234 in 2024.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. West Shore Bank took 281 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
52.2% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 52.2% · Refinance 46.9% · Other 0.9%
Conventional 100.0% · of 224 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
1 state, 7 metros, 27 counties
| State | Loans | Share |
|---|---|---|
| Michigan | 224 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Traverse City | 52 |
| Muskegon-Norton Shores | 6 |
| Grand Rapids-Wyoming-Kentwood | 4 |
| Kalamazoo-Portage | 2 |
| Warren-Troy-Farmington Hills | 2 |
| Bay City | 1 |
| South Bend-Mishawaka | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900UYC52VIJUZ5X82 | 2024–2025 |
Established 25 June 1981. Reported under HMDA in 2025.
Mergers, name changes, data editions and corrections: West Shore Bank's data.
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