Nicolet National Bank in Michigan vs the state
4.9%Denial rate-13.58 pts vs state
5.7%Decision denial rate-16.89 pts vs state
80.9%Origination rate+20.97 pts vs state
7.38%Median rate+0.63 pts vs state
0.47Rate spread (pts)+0.07 pts vs state
$100kMedian applicant income
393Loans originated
24Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 493 | 395 | 6.9% | 7.88% | #111 |
| 2024 | 479 | 394 | 7.7% | 8.00% | #118 |
| 2025 | 486 | 393 | 4.9% | 7.38% | #130 |
What Nicolet National Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Nicolet National Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marquette County | 126 | 99 | 6 | 4.8% |
| Chippewa County | 53 | 41 | 3 | 5.7% |
| Schoolcraft County | 32 | 25 | 2 | 6.3% |
| Grand Traverse County | 25 | 19 | 1 | 4.0% |
| Delta County | 24 | 20 | 2 | 8.3% |
| Menominee County | 23 | 20 | 1 | 4.3% |
| Luce County | 22 | 22 | 0 | 0.0% |
| Alpena County | 21 | 16 | 1 | 4.8% |
| Cheboygan County | 19 | 16 | 1 | 5.3% |
| Otsego County | 16 | 14 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 486 applications in 2025, of which 393 were originated and 24 denied.
4.9% of all applications, or 5.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Nicolet National Bank originated in Michigan in 2025 was 7.38%, against a statewide median of 6.75%.
About this data. Figures are Nicolet National Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology