The Merchants National Bank in Ohio vs the state
9.3%Denial rate-8.39 pts vs state
9.9%Decision denial rate-11.98 pts vs state
72.7%Origination rate+12.77 pts vs state
7.13%Median rate+0.25 pts vs state
0.63Rate spread (pts)+0.25 pts vs state
$90kMedian applicant income
250Loans originated
32Denied
Trend in Ohio
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 319 | 215 | 13.2% | 7.25% | #151 |
| 2024 | 320 | 240 | 8.4% | 7.88% | #163 |
| 2025 | 344 | 250 | 9.3% | 7.13% | #179 |
What The Merchants National Bank lends in Ohio
By loan purpose
By loan type
Why it denied Ohio applicants
Where in Ohio
Counties with the most The Merchants National Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Highland County | 78 | 50 | 12 | 15.4% |
| Fayette County | 42 | 32 | 1 | 2.4% |
| Brown County | 34 | 25 | 4 | 11.8% |
| Clinton County | 29 | 26 | 1 | 3.4% |
| Clermont County | 24 | 15 | 2 | 8.3% |
| Hocking County | 23 | 14 | 4 | 17.4% |
| Madison County | 19 | 16 | 1 | 5.3% |
| Clark County | 14 | 11 | 1 | 7.1% |
| Franklin County | 13 | 11 | 0 | 0.0% |
| Adams County | 9 | 7 | 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: 344 applications in 2025, of which 250 were originated and 32 denied.
9.3% of all applications, or 9.9% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.
The median rate on loans The Merchants National Bank originated in Ohio in 2025 was 7.13%, against a statewide median of 6.88%.
About this data. Figures are The Merchants National Bank'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