Farmers State Bank in Indiana vs the state
8.7%Denial rate-7.89 pts vs state
9.0%Decision denial rate-11.16 pts vs state
85.9%Origination rate+23.69 pts vs state
7.49%Median rate+0.74 pts vs state
0.20Rate spread (pts)-0.17 pts vs state
$90kMedian applicant income
495Loans originated
50Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 537 | 445 | 11.6% | 8.00% | #92 |
| 2024 | 492 | 396 | 14.4% | 8.50% | #109 |
| 2025 | 576 | 495 | 8.7% | 7.49% | #104 |
What Farmers State Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Farmers State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| LaGrange County | 317 | 278 | 25 | 7.9% |
| Elkhart County | 103 | 89 | 8 | 7.8% |
| Noble County | 79 | 65 | 8 | 10.1% |
| Steuben County | 54 | 45 | 6 | 11.1% |
| DeKalb County | 8 | 7 | 1 | 12.5% |
| Kosciusko County | 8 | 4 | 2 | 25.0% |
| Allen County | 2 | 2 | 0 | 0.0% |
| St. Joseph County | 2 | 2 | 0 | 0.0% |
| Wayne County | 1 | 1 | 0 | 0.0% |
| Marshall County | 1 | 1 | 0 | 0.0% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 576 applications in 2025, of which 495 were originated and 50 denied.
8.7% of all applications, or 9.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Farmers State Bank originated in Indiana in 2025 was 7.49%, against a statewide median of 6.75%.
About this data. Figures are Farmers State Bank's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology