Magnolia Bank in Indiana vs the state
8.5%Denial rate-8.11 pts vs state
9.8%Decision denial rate-10.32 pts vs state
76.2%Origination rate+13.90 pts vs state
6.49%Median rate-0.26 pts vs state
0.28Rate spread (pts)-0.08 pts vs state
$88kMedian applicant income
198Loans originated
22Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 152 | 117 | 9.9% | 6.63% | #208 |
| 2024 | 315 | 237 | 8.9% | 6.49% | #141 |
| 2025 | 260 | 198 | 8.5% | 6.49% | #173 |
What Magnolia Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Magnolia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clark County | 88 | 72 | 2 | 2.3% |
| Floyd County | 52 | 40 | 3 | 5.8% |
| Harrison County | 19 | 10 | 6 | 31.6% |
| Jefferson County | 10 | 9 | 0 | 0.0% |
| Scott County | 9 | 7 | 1 | 11.1% |
| Marion County | 8 | 6 | 1 | 12.5% |
| Orange County | 7 | 3 | 1 | 14.3% |
| Washington County | 7 | 4 | 1 | 14.3% |
| Hendricks County | 5 | 4 | 0 | 0.0% |
| Hamilton County | 4 | 4 | 0 | 0.0% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 260 applications in 2025, of which 198 were originated and 22 denied.
8.5% of all applications, or 9.8% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Magnolia Bank originated in Indiana in 2025 was 6.49%, against a statewide median of 6.75%.
About this data. Figures are Magnolia Bank's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology