Lake City Bank in Michigan vs the state
9.6%Denial rate-8.90 pts vs state
10.0%Decision denial rate-12.58 pts vs state
84.6%Origination rate+24.73 pts vs state
7.75%Median rate+1.00 pts vs state
0.47Rate spread (pts)+0.07 pts vs state
$113kMedian applicant income
44Loans originated
5Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 39 | 30 | 7.7% | 8.50% | #355 |
| 2024 | 45 | 34 | 11.1% | 8.75% | #358 |
| 2025 | 52 | 44 | 9.6% | 7.75% | #345 |
What Lake City Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Lake City Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cass County | 30 | 25 | 3 | 10.0% |
| St. Joseph County | 11 | 9 | 1 | 9.1% |
| Kalamazoo County | 2 | 2 | 0 | 0.0% |
| Berrien County | 2 | 2 | 0 | 0.0% |
| Van Buren County | 2 | 2 | 0 | 0.0% |
| Washtenaw County | 1 | 0 | 1 | 100.0% |
| Allegan County | 1 | 1 | 0 | 0.0% |
| Branch County | 1 | 1 | 0 | 0.0% |
| Cheboygan County | 1 | 1 | 0 | 0.0% |
| Ingham 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: 52 applications in 2025, of which 44 were originated and 5 denied.
9.6% of all applications, or 10.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Lake City Bank originated in Michigan in 2025 was 7.75%, against a statewide median of 6.75%.
About this data. Figures are Lake City 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