State Bank of the Lakes at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
79th3.9% deniedProcesswithdrawn + incomplete share, weight 15%
60th9.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 41 | 32 | 9.8% | 11.1% | — | $14M |
| 2024 | 94 | 75 | 7.5% | 8.5% | — | $69M |
| 2025 | 115 | 98 | 3.5% | 3.9% | — | $71M |
What State Bank of the Lakes 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, 0 manufactured homes, 25 investment properties.
Why State Bank of the Lakes denies applications
Primary reason reported for each of the 4 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at State Bank of the Lakes
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Over $250k | 48 | 41 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 29 | 0.0% |
| 35–44 | 34 | 30 | 0.0% |
Where State Bank of the Lakes lends
13 states and 41 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Wisconsin | 45 | 43 | 0.0% | — | #343 |
| Illinois | 33 | 25 | 12.1% | — | #525 |
| California | 11 | 9 | 0.0% | — | #726 |
| Indiana | 6 | 5 | 0.0% | — | #614 |
Frequently asked questions
State Bank of the Lakes denied 3.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 79th percentile of small mortgage lenders.
The most common reason State Bank of the Lakes gave in 2025 was "insufficient cash", cited on 50.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 74% of its applications were for home purchases, 24% for refinancing (including cash-out), and 2% 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.