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Southern Michigan Bank & Trust in Michigan
HMDA record for properties in Michigan, calendar year 2024. National record · Michigan overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Michigan, Southern Michigan Bank & Trust reported 331 applications and 237 originations for 2024, $48m in all.
Its denial rate in the state was 11.7%, below the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 11.5%.
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Southern Michigan Bank & Trust, all states | United States |
|---|---|---|---|---|
| Denial rate | 11.7% | 23.9% | 11.5% | 24.3% |
| Median rate spread, pp | — | 0.5 | — | 0.3 |
| Originations with spread of 1.5 pp or more | — | 18.4% | — | 15.6% |
| Average originated loan | $202k | $212k | $210k | $329k |
| Home purchase share | 59.9% | 51.2% | 61.8% | 57.0% |
| FHA-insured share | 0.0% | 10.0% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 60% (142)Home improvement 12% (29)Refinancing 12% (28)Cash-out refinancing 8% (20)Other purpose 8% (18)
By type
Conventional 100% (237)
Denial reasons as coded
Share of 36 denials in Michigan by first denial reason coded (outlined bar: all lenders in the state).
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Branch County | 95 | 73 | $10m | 12.1% |
| Hillsdale County | 80 | 56 | $9.0m | 12.7% |
| St. Joseph County | 41 | 28 | $3.7m | 5.1% |
| Jackson County | 37 | 26 | $7.8m | 11.4% |
| Calhoun County | 37 | 24 | $3.7m | 17.6% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Southern Michigan Bank & Trust originate in Michigan in 2024?
237 loans totalling $48m, from 331 applications reported for properties in Michigan.
What is Southern Michigan Bank & Trust's denial rate in Michigan?
11.7% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 11.5% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Michigan counties does Southern Michigan Bank & Trust lend in most?
By originations: Branch County (73), Hillsdale County (56), St. Joseph County (28), Jackson County (26), Calhoun County (24).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Michigan. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.