Merchants Bank of Indiana in North Carolina vs the state
9.1%Denial rate-8.97 pts vs state
12.5%Decision denial rate-10.32 pts vs state
63.6%Origination rate+5.83 pts vs state
7.12%Median rate+0.62 pts vs state
0.36Rate spread (pts)+0.27 pts vs state
$178kMedian applicant income
7Loans originated
1Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 8 | 27.3% | 7.76% | #594 |
| 2024 | 14 | 12 | 0.0% | 7.41% | #567 |
| 2025 | 11 | 7 | 9.1% | 7.12% | #609 |
What Merchants Bank of Indiana lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wake County | 4 | 3 | 0 | 0.0% |
| Union County | 2 | 0 | 0 | 0.0% |
| Davidson County | 1 | 1 | 0 | 0.0% |
| Stokes County | 1 | 1 | 0 | 0.0% |
| Wayne County | 1 | 1 | 0 | 0.0% |
| Carteret County | 1 | 0 | 1 | 100.0% |
| Caldwell County | 1 | 1 | 0 | 0.0% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 11 applications in 2025, of which 7 were originated and 1 denied.
9.1% of all applications, or 12.5% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Merchants Bank of Indiana originated in North Carolina in 2025 was 7.12%, against a statewide median of 6.50%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology