First Merchants Bank in Ohio vs the state
17.3%Denial rate-0.42 pts vs state
20.5%Decision denial rate-1.41 pts vs state
65.7%Origination rate+5.76 pts vs state
6.50%Median rate-0.38 pts vs state
0.03Rate spread (pts)-0.36 pts vs state
$108kMedian applicant income
327Loans originated
86Denied
Trend in Ohio
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 567 | 372 | 11.3% | 6.88% | #104 |
| 2024 | 470 | 303 | 15.1% | 6.88% | #123 |
| 2025 | 498 | 327 | 17.3% | 6.50% | #137 |
What First Merchants Bank lends in Ohio
By loan purpose
By loan type
Why it denied Ohio applicants
Where in Ohio
Counties with the most First Merchants Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Franklin County | 294 | 181 | 67 | 22.8% |
| Delaware County | 56 | 43 | 1 | 1.8% |
| Lucas County | 22 | 15 | 3 | 13.6% |
| Fairfield County | 13 | 12 | 0 | 0.0% |
| Union County | 13 | 12 | 0 | 0.0% |
| Licking County | 10 | 2 | 2 | 20.0% |
| Butler County | 9 | 4 | 3 | 33.3% |
| Cuyahoga County | 9 | 7 | 1 | 11.1% |
| Hamilton County | 7 | 7 | 0 | 0.0% |
| Knox County | 6 | 3 | 2 | 33.3% |
Other large lenders in Ohio
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | D | 42,683 | 25.8% | 7.59% |
| Rocket Mortgage | C | 23,165 | 18.5% | 6.63% |
| Fifth Third Bank | D | 21,939 | 25.6% | 7.50% |
| Crosscountry Mortgage | B | 16,066 | 3.1% | 6.75% |
| United Shore Financial Services | B | 14,626 | 13.1% | 6.45% |
| Third Federal Savings and Loan Association of Cleveland | C | 12,622 | 23.0% | 6.74% |
| PNC Bank | D | 11,607 | 24.6% | 7.40% |
| Wright-Patt Credit Union | C | 8,791 | 28.1% | 7.50% |
| U.S. Bank | D | 8,623 | 38.0% | 7.60% |
| Citizens Bank | C | 7,775 | 24.3% | 7.65% |
Frequently asked questions
Ohio: 498 applications in 2025, of which 327 were originated and 86 denied.
17.3% of all applications, or 20.5% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.
The median rate on loans First Merchants Bank originated in Ohio in 2025 was 6.50%, against a statewide median of 6.88%.
About this data. Figures are First Merchants Bank's own HMDA filing for properties located in Ohio, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology