Merchants Bank of Indiana in Mississippi vs the state
7.7%Denial rate-15.23 pts vs state
14.3%Decision denial rate-14.16 pts vs state
46.2%Origination rate-6.72 pts vs state
6.50%Median rate-0.25 pts vs state
0.32Rate spread (pts)-0.02 pts vs state
$110kMedian applicant income
6Loans originated
1Denied
Trend in Mississippi
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 8 | 0.0% | 7.34% | #280 |
| 2024 | 17 | 12 | 0.0% | 6.81% | #246 |
| 2025 | 13 | 6 | 7.7% | 6.50% | #273 |
What Merchants Bank of Indiana lends in Mississippi
By loan purpose
By loan type
Why it denied Mississippi applicants
Where in Mississippi
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Adams County | 3 | 1 | 1 | 33.3% |
| Jones County | 2 | 1 | 0 | 0.0% |
| DeSoto County | 2 | 1 | 0 | 0.0% |
| Bolivar County | 2 | 1 | 0 | 0.0% |
| Lauderdale County | 1 | 0 | 0 | 0.0% |
| Clay County | 1 | 0 | 0 | 0.0% |
| Warren County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 1 | 0 | 0.0% |
Other large lenders in Mississippi
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 21st Mortgage | F | 6,764 | 48.5% | 10.56% |
| Trustmark National Bank | C | 5,531 | 12.5% | 6.75% |
| Cadence Bank | B | 5,301 | 19.2% | 7.25% |
| Regions Bank | C | 4,916 | 44.7% | 5.75% |
| Rocket Mortgage | C | 4,636 | 24.8% | 6.63% |
| Community Bank of Mississippi | C | 3,856 | 9.0% | 7.65% |
| Renasant Bank | B | 3,188 | 14.3% | 6.99% |
| Triad Financial Services | D | 3,140 | 34.4% | 8.76% |
| Vanderbilt Mortgage and Finance | F | 2,840 | 44.3% | 10.25% |
| BankPlus | B | 2,638 | 10.7% | 6.50% |
Frequently asked questions
Mississippi: 13 applications in 2025, of which 6 were originated and 1 denied.
7.7% of all applications, or 14.3% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.
The median rate on loans Merchants Bank of Indiana originated in Mississippi in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in Mississippi, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology