First State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
61st7.3% deniedPricingmedian rate spread over APOR, weight 30%
66th0.15 ptsProcesswithdrawn + incomplete share, weight 15%
65th8.4%Closing coststotal loan costs ÷ loan amount, weight 10%
72nd1.34% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 489 | 422 | 6.1% | 6.6% | 6.95% | $111M |
| 2024 | 452 | 384 | 8.6% | 9.2% | 7.35% | $86M |
| 2025 | 463 | 393 | 6.7% | 7.3% | 6.95% | $120M |
What First State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 218 investment properties.
Why First State Bank denies applications
Primary reason reported for each of the 31 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at First State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 41 | 32 | 18.0% |
| $50k – $100k | 118 | 91 | 10.8% |
| $100k – $150k | 84 | 66 | 12.0% |
| $150k – $250k | 64 | 53 | 5.4% |
| Over $250k | 35 | 33 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 81 | 58 | 12.1% |
| 35–44 | 80 | 69 | 6.8% |
| 45–54 | 74 | 60 | 9.1% |
| 55–64 | 64 | 50 | 12.3% |
| 65–74 | 29 | 24 | 11.1% |
Where First State Bank lends
8 states and 43 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Illinois | 450 | 382 | 6.7% | 6.95% | #141 |
Frequently asked questions
First State Bank denied 7.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 61st percentile of small mortgage lenders.
The most common reason First State Bank gave in 2025 was "debt-to-income ratio", cited on 35.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans First State Bank originated in 2025 was 6.95%, and its median rate spread over the average prime offer rate was 0.15 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 63% of its applications were for home purchases, 23% for refinancing (including cash-out), and 14% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.