Southern Michigan Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
35th13.3% deniedProcesswithdrawn + incomplete share, weight 15%
77th5.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 335 | 203 | 19.4% | 20.6% | — | $51M |
| 2024 | 348 | 249 | 10.6% | 11.5% | — | $52M |
| 2025 | 470 | 344 | 12.6% | 13.3% | — | $81M |
What Southern Michigan Bank & Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 29 manufactured homes, 45 investment properties.
Who gets approved at Southern Michigan Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 60 | 40 | 16.1% |
| $50k – $100k | 183 | 119 | 19.9% |
| $100k – $150k | 94 | 76 | 6.7% |
| $150k – $250k | 71 | 53 | 13.2% |
| Over $250k | 37 | 31 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 29 | 21 | 14.3% |
| 25–34 | 84 | 63 | 17.5% |
| 35–44 | 89 | 69 | 7.3% |
| 45–54 | 84 | 60 | 15.6% |
| 55–64 | 84 | 55 | 17.3% |
| 65–74 | 55 | 35 | 15.4% |
| Over 74 | 20 | 16 | 5.3% |
Where Southern Michigan Bank & Trust lends
6 states and 41 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Southern Michigan Bank & Trust denied 13.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 35th percentile of small mortgage lenders.
In 2025, 57% of its applications were for home purchases, 23% for refinancing (including cash-out), and 19% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.