Merchants Bank of Indiana in Colorado vs the state
29.4%Denial rate+13.78 pts vs state
33.3%Decision denial rate+13.67 pts vs state
58.8%Origination rate-1.20 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)+0.04 pts vs state
$236kMedian applicant income
10Loans originated
5Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 7 | 9.1% | 7.88% | #485 |
| 2024 | 7 | 6 | 0.0% | 8.27% | #548 |
| 2025 | 17 | 10 | 29.4% | 6.50% | #431 |
What Merchants Bank of Indiana lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Larimer County | 3 | 2 | 1 | 33.3% |
| Douglas County | 3 | 1 | 2 | 66.7% |
| Boulder County | 3 | 1 | 0 | 0.0% |
| Elbert County | 2 | 1 | 1 | 50.0% |
| Arapahoe County | 1 | 1 | 0 | 0.0% |
| Gilpin County | 1 | 1 | 0 | 0.0% |
| Denver County | 1 | 1 | 0 | 0.0% |
| Adams County | 1 | 0 | 1 | 100.0% |
| Jefferson County | 1 | 1 | 0 | 0.0% |
| Delta County | 1 | 1 | 0 | 0.0% |
Other large lenders in Colorado
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 23,111 | 8.8% | 6.13% |
| ENT Credit Union | B | 13,238 | 20.9% | 7.50% |
| Rocket Mortgage | C | 11,486 | 15.7% | 6.61% |
| Guild Mortgage | A | 6,232 | 3.1% | 6.62% |
| Bellco Credit Union | F | 5,863 | 40.9% | 8.00% |
| U.S. Bank | D | 4,978 | 36.0% | 7.95% |
| American Financing | D | 4,937 | 41.3% | 6.38% |
| FirstBank | C | 4,929 | 15.6% | 7.00% |
| Canvas Credit Union | C | 4,889 | 13.7% | 7.89% |
| Elevations | C | 4,426 | 10.8% | 6.88% |
Frequently asked questions
Colorado: 17 applications in 2025, of which 10 were originated and 5 denied.
29.4% of all applications, or 33.3% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Merchants Bank of Indiana originated in Colorado in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in Colorado, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology