Farmers State Bank in Michigan vs the state
3.1%Denial rate-15.39 pts vs state
3.3%Decision denial rate-19.25 pts vs state
81.3%Origination rate+21.36 pts vs state
7.29%Median rate+0.54 pts vs state
0.18Rate spread (pts)-0.22 pts vs state
$92kMedian applicant income
52Loans originated
2Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 49 | 37 | 16.3% | 8.50% | #336 |
| 2024 | 51 | 37 | 19.6% | 8.29% | #346 |
| 2025 | 64 | 52 | 3.1% | 7.29% | #325 |
What Farmers State Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Farmers State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Joseph County | 47 | 38 | 1 | 2.1% |
| Hillsdale County | 6 | 4 | 1 | 16.7% |
| Branch County | 6 | 6 | 0 | 0.0% |
| Cass County | 4 | 3 | 0 | 0.0% |
| Luce County | 1 | 1 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 64 applications in 2025, of which 52 were originated and 2 denied.
3.1% of all applications, or 3.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Farmers State Bank originated in Michigan in 2025 was 7.29%, against a statewide median of 6.75%.
About this data. Figures are Farmers State Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology