Southern Michigan Bank & Trust in Indiana vs the state
16.7%Denial rate+0.10 pts vs state
16.7%Decision denial rate-3.47 pts vs state
66.7%Origination rate+4.42 pts vs state
—Median rate
—Rate spread (pts)
$108kMedian applicant income
4Loans originated
1Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 7 | 30.0% | — | #518 |
| 2024 | 8 | 6 | 12.5% | — | #548 |
| 2025 | 6 | 4 | 16.7% | — | #615 |
What Southern Michigan Bank & Trust lends in Indiana
By loan purpose
By loan type
Where in Indiana
Counties with the most Southern Michigan Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 2 | 0 | 1 | 50.0% |
| Steuben County | 2 | 2 | 0 | 0.0% |
| DeKalb County | 1 | 1 | 0 | 0.0% |
| Elkhart County | 1 | 1 | 0 | 0.0% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 6 applications in 2025, of which 4 were originated and 1 denied.
16.7% of all applications, or 16.7% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Southern Michigan Bank & Trust's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology