The Shelby State Bank in Michigan vs the state
13.3%Denial rate-5.19 pts vs state
14.9%Decision denial rate-7.69 pts vs state
66.7%Origination rate+6.78 pts vs state
—Median rate
—Rate spread (pts)
$78kMedian applicant income
70Loans originated
14Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 109 | 75 | 12.8% | — | #257 |
| 2024 | 98 | 67 | 12.2% | — | #269 |
| 2025 | 105 | 70 | 13.3% | — | #270 |
What The Shelby State Bank lends in Michigan
By loan purpose
By loan type
Where in Michigan
Counties with the most The Shelby State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oceana County | 41 | 24 | 9 | 22.0% |
| Muskegon County | 35 | 23 | 2 | 5.7% |
| Mason County | 14 | 10 | 2 | 14.3% |
| Ottawa County | 5 | 4 | 0 | 0.0% |
| Newaygo County | 4 | 4 | 0 | 0.0% |
| Manistee County | 3 | 2 | 1 | 33.3% |
| Genesee County | 1 | 1 | 0 | 0.0% |
| Kent County | 1 | 1 | 0 | 0.0% |
| St. Joseph County | 1 | 1 | 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: 105 applications in 2025, of which 70 were originated and 14 denied.
13.3% of all applications, or 14.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are The Shelby State 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