Merchants Bank of Indiana in Ohio vs the state
7.5%Denial rate-10.19 pts vs state
8.1%Decision denial rate-13.78 pts vs state
83.3%Origination rate+23.43 pts vs state
6.72%Median rate-0.16 pts vs state
0.30Rate spread (pts)-0.09 pts vs state
$92kMedian applicant income
100Loans originated
9Denied
Trend in Ohio
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 113 | 92 | 13.3% | 6.75% | #287 |
| 2024 | 139 | 112 | 13.0% | 6.63% | #266 |
| 2025 | 120 | 100 | 7.5% | 6.72% | #303 |
What Merchants Bank of Indiana lends in Ohio
By loan purpose
By loan type
Why it denied Ohio applicants
Where in Ohio
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Stark County | 22 | 21 | 0 | 0.0% |
| Franklin County | 17 | 14 | 1 | 5.9% |
| Montgomery County | 15 | 12 | 2 | 13.3% |
| Hamilton County | 10 | 7 | 0 | 0.0% |
| Carroll County | 5 | 5 | 0 | 0.0% |
| Portage County | 5 | 4 | 0 | 0.0% |
| Columbiana County | 4 | 3 | 1 | 25.0% |
| Darke County | 4 | 3 | 1 | 25.0% |
| Butler County | 4 | 2 | 1 | 25.0% |
| Warren County | 3 | 3 | 0 | 0.0% |
Other large lenders in Ohio
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| The Huntington National Bank | D | 42,683 | 25.8% | 7.59% |
| Rocket Mortgage | C | 23,165 | 18.5% | 6.63% |
| Fifth Third Bank | D | 21,939 | 25.6% | 7.50% |
| Crosscountry Mortgage | B | 16,066 | 3.1% | 6.75% |
| United Shore Financial Services | B | 14,626 | 13.1% | 6.45% |
| Third Federal Savings and Loan Association of Cleveland | C | 12,622 | 23.0% | 6.74% |
| PNC Bank | D | 11,607 | 24.6% | 7.40% |
| Wright-Patt Credit Union | C | 8,791 | 28.1% | 7.50% |
| U.S. Bank | D | 8,623 | 38.0% | 7.60% |
| Citizens Bank | C | 7,775 | 24.3% | 7.65% |
Frequently asked questions
Ohio: 120 applications in 2025, of which 100 were originated and 9 denied.
7.5% of all applications, or 8.1% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.
The median rate on loans Merchants Bank of Indiana originated in Ohio in 2025 was 6.72%, against a statewide median of 6.88%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in Ohio, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology