Lenders › 1st State Bank › Michigan
1st State Bank 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.
1st State Bank's 2024 HMDA record for Michigan covers 191 applications, 141 of them originated, worth $25m.
Its denial rate in the state was 13.9%, below the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 14.9%.
Applications in the state were down 12% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | 1st State Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 13.9% | 23.9% | 14.9% | 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 | $175k | $212k | $177k | $329k |
| Home purchase share | 75.2% | 51.2% | 75.4% | 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 75% (106)Home improvement 6% (8)Refinancing 13% (18)Cash-out refinancing 2% (3)Other purpose 4% (6)
By type
Conventional 100% (141)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Saginaw County | 83 | 61 | $8.9m | 8.8% |
| Bay County | 59 | 44 | $6.8m | 17.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did 1st State Bank originate in Michigan in 2024?
141 loans totalling $25m, from 191 applications reported for properties in Michigan.
What is 1st State Bank's denial rate in Michigan?
13.9% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 14.9% 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 1st State Bank lend in most?
By originations: Saginaw County (61), Bay County (44).
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.