First State Bank in Michigan vs the state
4.2%Denial rate-14.35 pts vs state
4.5%Decision denial rate-18.05 pts vs state
87.0%Origination rate+27.07 pts vs state
6.63%Median rate-0.13 pts vs state
0.18Rate spread (pts)-0.21 pts vs state
$104kMedian applicant income
1,000Loans originated
48Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,157 | 957 | 12.6% | 6.75% | #59 |
| 2024 | 1,283 | 1,096 | 9.0% | 6.75% | #59 |
| 2025 | 1,150 | 1,000 | 4.2% | 6.63% | #65 |
What First State Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most First State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Macomb County | 427 | 378 | 22 | 5.2% |
| Oakland County | 209 | 180 | 10 | 4.8% |
| Genesee County | 158 | 135 | 4 | 2.5% |
| St. Clair County | 96 | 82 | 2 | 2.1% |
| Wayne County | 81 | 71 | 5 | 6.2% |
| Livingston County | 37 | 28 | 2 | 5.4% |
| Lapeer County | 31 | 28 | 1 | 3.2% |
| Saginaw County | 12 | 10 | 0 | 0.0% |
| Washtenaw County | 10 | 10 | 0 | 0.0% |
| Roscommon County | 8 | 7 | 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: 1,150 applications in 2025, of which 1,000 were originated and 48 denied.
4.2% of all applications, or 4.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans First State Bank originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are First 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