Mercantile Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Mercantile Bank 2022 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Mercantile Bank 310 Leonard St Nw Grand Rapids, MI 49504 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,305 |
| Total Mortgage Loan Application Amount | $896,965,000 |
| Average Mortgage Loan Application Amount | $229,200 |
| Highest Mortgage Loan Application Amount | $12,505,000 |
| Average Applicant Income | $151,400 |
| Highest Applicant Income | $4,945,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 with Mercantile Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Mercantile Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2022 breaks down Mercantile Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Mercantile Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Mercantile Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Mercantile Bank's mortgage activity for 2022.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kent County Michigan | 677 | $ 188,475,000 | $ 278,000 | $ 161,000 |
| Ottawa County Michigan | 268 | $ 78,850,000 | $ 294,000 | $ 181,000 |
| Emmet County Michigan | 225 | $ 78,185,000 | $ 347,000 | $ 184,000 |
| Isabella County Michigan | 171 | $ 21,925,000 | $ 128,000 | $ 106,000 |
| Gratiot County Michigan | 152 | $ 13,870,000 | $ 91,000 | $ 77,000 |
| Allegan County Michigan | 103 | $ 32,265,000 | $ 313,000 | $ 171,000 |
| Kalamazoo County Michigan | 101 | $ 32,335,000 | $ 320,000 | $ 181,000 |
| Ionia County Michigan | 96 | $ 22,900,000 | $ 238,000 | $ 75,000 |
| Ogemaw County Michigan | 85 | $ 8,185,000 | $ 96,000 | $ 74,000 |
| Hamilton County Ohio | 78 | $ 34,950,000 | $ 448,000 | $ 183,000 |
| Montcalm County Michigan | 71 | $ 9,145,000 | $ 128,000 | $ 85,000 |
| Midland County Michigan | 61 | $ 19,065,000 | $ 312,000 | $ 159,000 |
| Clare County Michigan | 59 | $ 5,465,000 | $ 92,000 | $ 73,000 |
| Wexford County Michigan | 56 | $ 7,930,000 | $ 141,000 | $ 112,000 |
| Charlevoix County Michigan | 54 | $ 21,480,000 | $ 397,000 | $ 224,000 |
| Oakland County Michigan | 54 | $ 30,120,000 | $ 557,000 | $ 309,000 |
| Saginaw County Michigan | 48 | $ 7,000,000 | $ 145,000 | $ 95,000 |
| Van Buren County Michigan | 48 | $ 10,360,000 | $ 215,000 | $ 149,000 |
| Mecosta County Michigan | 44 | $ 4,150,000 | $ 94,000 | $ 73,000 |
| Roscommon County Michigan | 44 | $ 5,170,000 | $ 117,000 | $ 91,000 |
| Butler County Ohio | 43 | $ 17,035,000 | $ 396,000 | $ 160,000 |
| Cheboygan County Michigan | 42 | $ 10,730,000 | $ 255,000 | $ 167,000 |
| Clinton County Michigan | 41 | $ 10,835,000 | $ 264,000 | $ 116,000 |
| Grand Traverse County Michigan | 37 | $ 13,445,000 | $ 363,000 | $ 274,000 |
| Ingham County Michigan | 31 | $ 14,625,000 | $ 471,000 | $ 113,000 |
| Barry County Michigan | 30 | $ 8,810,000 | $ 293,000 | $ 137,000 |
| Warren County Ohio | 26 | $ 12,410,000 | $ 477,000 | $ 197,000 |
| Leelanau County Michigan | 25 | $ 13,765,000 | $ 550,000 | $ 328,000 |
| Oscoda County Michigan | 25 | $ 1,855,000 | $ 74,000 | $ 97,000 |
| Wayne County Michigan | 22 | $ 6,400,000 | $ 290,000 | $ 157,000 |
| Macomb County Michigan | 19 | $ 5,325,000 | $ 280,000 | $ 254,000 |
| Newaygo County Michigan | 19 | $ 6,725,000 | $ 353,000 | $ 148,000 |
| Clermont County Ohio | 19 | $ 4,525,000 | $ 238,000 | $ 134,000 |
| Gladwin County Michigan | 18 | $ 1,960,000 | $ 108,000 | $ 109,000 |
| Muskegon County Michigan | 18 | $ 4,190,000 | $ 232,000 | $ 140,000 |
| Missaukee County Michigan | 17 | $ 3,475,000 | $ 204,000 | $ 183,000 |
| Montgomery County Ohio | 16 | $ 3,410,000 | $ 213,000 | $ 92,000 |
| Franklin County Ohio | 14 | $ 7,200,000 | $ 514,000 | $ 210,000 |
| Bay County Michigan | 13 | $ 1,635,000 | $ 125,000 | $ 62,000 |
| Benzie County Michigan | 12 | $ 4,890,000 | $ 407,000 | $ 458,000 |
| Kenton County Kentucky | 9 | $ 3,215,000 | $ 357,000 | $ 145,000 |
| Antrim County Michigan | 9 | $ 1,755,000 | $ 195,000 | $ 125,000 |
| Arenac County Michigan | 9 | $ 805,000 | $ 89,000 | $ 72,000 |
| Crawford County Michigan | 9 | $ 1,135,000 | $ 126,000 | $ 77,000 |
| Iosco County Michigan | 9 | $ 835,000 | $ 92,000 | $ 63,000 |
| Greene County Ohio | 9 | $ 4,185,000 | $ 465,000 | $ 275,000 |
| Alcona County Michigan | 8 | $ 2,330,000 | $ 291,000 | $ 384,000 |
| Livingston County Michigan | 8 | $ 1,660,000 | $ 207,000 | $ 209,000 |
| Eaton County Michigan | 7 | $ 1,615,000 | $ 230,000 | $ 94,000 |
| Manistee County Michigan | 7 | $ 1,875,000 | $ 267,000 | $ 189,000 |
| Osceola County Michigan | 7 | $ 1,245,000 | $ 177,000 | $ 108,000 |
| Otsego County Michigan | 7 | $ 1,565,000 | $ 223,000 | $ 104,000 |
| Presque Isle County Michigan | 7 | $ 735,000 | $ 105,000 | $ 59,000 |
| Collier County Florida | 6 | $ 3,270,000 | $ 545,000 | $ 359,000 |
| Hamilton County Indiana | 6 | $ 4,420,000 | $ 736,000 | $ 401,000 |
| Berrien County Michigan | 6 | $ 2,020,000 | $ 336,000 | $ 132,000 |
| Calhoun County Michigan | 6 | $ 1,140,000 | $ 190,000 | $ 104,000 |
| Genesee County Michigan | 6 | $ 1,660,000 | $ 276,000 | $ 93,000 |
| Jackson County Michigan | 6 | $ 1,440,000 | $ 240,000 | $ 178,000 |
| Mason County Michigan | 6 | $ 2,240,000 | $ 373,000 | $ 285,000 |
| Oceana County Michigan | 6 | $ 3,270,000 | $ 545,000 | $ 366,000 |
| Miami County Ohio | 6 | $ 2,380,000 | $ 396,000 | $ 142,000 |
| Lee County Florida | 5 | $ 2,485,000 | $ 497,000 | $ 255,000 |
| Campbell County Kentucky | 5 | $ 3,105,000 | $ 621,000 | $ 238,000 |
| Jefferson County Kentucky | 5 | $ 2,345,000 | $ 469,000 | $ 143,000 |
| Lake County Michigan | 5 | $ 415,000 | $ 83,000 | $ 112,000 |
| Cuyahoga County Ohio | 5 | $ 2,265,000 | $ 453,000 | $ 192,000 |
| Manatee County Florida | 4 | $ 1,270,000 | $ 317,000 | $ 171,000 |
| Iron County Michigan | 4 | $ 240,000 | $ 60,000 | $ 48,000 |
| Kalkaska County Michigan | 4 | $ 1,820,000 | $ 455,000 | $ 474,000 |
| Montmorency County Michigan | 4 | $ 410,000 | $ 102,000 | $ 60,000 |
| Tuscola County Michigan | 4 | $ 560,000 | $ 140,000 | $ 66,000 |
| Delaware County Ohio | 4 | $ 3,470,000 | $ 867,000 | $ 323,000 |
| Summit County Ohio | 4 | $ 910,000 | $ 227,000 | $ 116,000 |
| Monroe County Florida | 3 | $ 2,485,000 | $ 828,000 | $ 495,000 |
| St. Joseph County Indiana | 3 | $ 785,000 | $ 261,000 | $ 93,000 |
| Boone County Kentucky | 3 | $ 715,000 | $ 238,000 | $ 126,000 |
| Alpena County Michigan | 3 | $ 255,000 | $ 85,000 | $ 66,000 |
| Hillsdale County Michigan | 3 | $ 325,000 | $ 108,000 | $ 32,000 |
| Sanilac County Michigan | 3 | $ 1,105,000 | $ 368,000 | $ 194,000 |
| Shiawassee County Michigan | 3 | $ 965,000 | $ 321,000 | $ 129,000 |
| Washtenaw County Michigan | 3 | $ 13,935,000 | $ 4,645,000 | $ 248,000 |
| Clark County Ohio | 3 | $ 545,000 | $ 181,000 | $ 233,000 |
| Lorain County Ohio | 3 | $ 365,000 | $ 121,000 | $ 51,000 |
| Stark County Ohio | 3 | $ 725,000 | $ 241,000 | $ 107,000 |
| Davidson County Tennessee | 3 | $ 1,205,000 | $ 401,000 | $ 810,000 |
| Maricopa County Arizona | 2 | $ 1,460,000 | $ 730,000 | $ 305,000 |
| Pinal County Arizona | 2 | $ 1,400,000 | $ 700,000 | $ 290,000 |
| Lake County Florida | 2 | $ 800,000 | $ 400,000 | $ 582,000 |
| Osceola County Florida | 2 | $ 630,000 | $ 315,000 | $ 155,000 |
| Madison County Kentucky | 2 | $ 290,000 | $ 145,000 | $ 58,000 |
| Alger County Michigan | 2 | $ 420,000 | $ 210,000 | $ 112,000 |
| Chippewa County Michigan | 2 | $ 120,000 | $ 60,000 | $ 77,000 |
| Houghton County Michigan | 2 | $ 230,000 | $ 115,000 | $ 165,000 |
| Lapeer County Michigan | 2 | $ 510,000 | $ 255,000 | $ 59,000 |
| St. Joseph County Michigan | 2 | $ 360,000 | $ 180,000 | $ 75,000 |
| Athens County Ohio | 2 | $ 590,000 | $ 295,000 | $ 384,000 |
| Champaign County Ohio | 2 | $ 420,000 | $ 210,000 | $ 129,000 |
| Fayette County Ohio | 2 | $ 220,000 | $ 110,000 | $ 180,000 |
| Citrus County Florida | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Duval County Florida | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Hillsborough County Florida | 1 | $ 195,000 | $ 195,000 | $ 87,000 |
| Marion County Florida | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Palm Beach County Florida | 1 | $ 115,000 | $ 115,000 | $ 93,000 |
| Pinellas County Florida | 1 | $ 1,375,000 | $ 1,375,000 | $ 762,000 |
| Volusia County Florida | 1 | $ 275,000 | $ 275,000 | $ 119,000 |
| Walton County Florida | 1 | $ 485,000 | $ 485,000 | $ 1,766,000 |
| Allen County Indiana | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Boone County Indiana | 1 | $ 615,000 | $ 615,000 | $ 536,000 |
| Dearborn County Indiana | 1 | $ 245,000 | $ 245,000 | $ 52,000 |
| Hendricks County Indiana | 1 | $ 235,000 | $ 235,000 | $ 88,000 |
| Lake County Indiana | 1 | $ 905,000 | $ 905,000 | $ 309,000 |
| Marion County Indiana | 1 | $ 175,000 | $ 175,000 | $ 224,000 |
| Morgan County Indiana | 1 | $ 185,000 | $ 185,000 | $ 68,000 |
| Wayne County Indiana | 1 | $ 255,000 | $ 255,000 | $ 770,000 |
| Fayette County Kentucky | 1 | $ 375,000 | $ 375,000 | $ 180,000 |
| Jessamine County Kentucky | 1 | $ 1,115,000 | $ 1,115,000 | $ 440,000 |
| Mason County Kentucky | 1 | $ 45,000 | $ 45,000 | $ 40,000 |
| Powell County Kentucky | 1 | $ 305,000 | $ 305,000 | $ 375,000 |
| Woodford County Kentucky | 1 | $ 245,000 | $ 245,000 | $ 78,000 |
| Baraga County Michigan | 1 | $ 155,000 | $ 155,000 | $ 157,000 |
| Branch County Michigan | 1 | $ 45,000 | $ 45,000 | $ 226,000 |
| Delta County Michigan | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Luce County Michigan | 1 | $ 105,000 | $ 105,000 | $ 190,000 |
| Mackinac County Michigan | 1 | $ 155,000 | $ 155,000 | $ 278,000 |
| Monroe County Michigan | 1 | $ 155,000 | $ 155,000 | $ 99,000 |
| Schoolcraft County Michigan | 1 | $ 45,000 | $ 45,000 | $ 23,000 |
| St. Clair County Michigan | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Adams County Ohio | 1 | $ 145,000 | $ 145,000 | $ 29,000 |
| Auglaize County Ohio | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
| Brown County Ohio | 1 | $ 345,000 | $ 345,000 | $ 183,000 |
| Clinton County Ohio | 1 | $ 535,000 | $ 535,000 | $ 132,000 |
| Darke County Ohio | 1 | $ 55,000 | $ 55,000 | $ 127,000 |
| Erie County Ohio | 1 | $ 195,000 | $ 195,000 | $ 49,000 |
| Fulton County Ohio | 1 | $ 315,000 | $ 315,000 | $ 134,000 |
| Geauga County Ohio | 1 | $ 1,405,000 | $ 1,405,000 | $ 650,000 |
| Highland County Ohio | 1 | $ 215,000 | $ 215,000 | $ 80,000 |
| Knox County Ohio | 1 | $ 175,000 | $ 175,000 | $ 88,000 |
| Licking County Ohio | 1 | $ 635,000 | $ 635,000 | $ 200,000 |
| Lucas County Ohio | 1 | $ 1,145,000 | $ 1,145,000 | $ 340,000 |
| Mahoning County Ohio | 1 | $ 185,000 | $ 185,000 | $ 62,000 |
| Sandusky County Ohio | 1 | $ 95,000 | $ 95,000 | $ 24,000 |
| Shelby County Ohio | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Trumbull County Ohio | 1 | $ 285,000 | $ 285,000 | $ 70,000 |
| Campbell County Tennessee | 1 | $ 265,000 | $ 265,000 | $ 327,000 |
| Maury County Tennessee | 1 | $ 335,000 | $ 335,000 | $ 63,000 |
| Sumner County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 53,000 |
| Williamson County Tennessee | 1 | $ 1,105,000 | $ 1,105,000 | $ 375,000 |
Mortgage Loan Application Detail Totals for Mercantile Bank in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,950 | $649,030,000 | $332,000 | $8,925,000 | $162,000 | $3,998,000 |
| Home Improvement | 488 | $49,930,000 | $102,000 | $10,005,000 | $139,000 | $4,945,000 |
| Cash-out Refinancing | 377 | $92,085,000 | $244,000 | $2,005,000 | $136,000 | $3,998,000 |
| Other Purpose | 286 | $35,610,000 | $124,000 | $1,995,000 | $158,000 | $2,271,000 |
| Refinancing | 204 | $70,310,000 | $344,000 | $12,505,000 | $162,000 | $1,594,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,464 | $649,660,000 | $263,000 | $3,015,000 | $148,000 | $3,998,000 |
| Not Provided | 529 | $112,035,000 | $211,000 | $2,005,000 | $203,000 | $4,945,000 |
| Hispanic | 120 | $27,520,000 | $229,000 | $1,465,000 | $103,000 | $433,000 |
| Black or African American | 78 | $16,890,000 | $216,000 | $1,335,000 | $92,000 | $523,000 |
| Asian | 66 | $23,420,000 | $354,000 | $1,455,000 | $230,000 | $798,000 |
| Not applicable | 28 | $63,530,000 | $2,268,000 | $12,505,000 | $0 | $0 |
| American Indian or Alaskan Native | 19 | $3,855,000 | $202,000 | $655,000 | $88,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,149 | $870,125,000 | $276,000 | $12,505,000 | $160,000 | $4,945,000 |
| FHA-insured (Federal Housing Administration) | 141 | $25,045,000 | $177,000 | $425,000 | $61,000 | $210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $1,795,000 | $119,000 | $285,000 | $51,000 | $103,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,340 | $678,710,000 | $290,000 | $12,505,000 | $164,000 | $3,998,000 |
| Application Withdrawn By Applicant | 450 | $110,890,000 | $246,000 | $3,015,000 | $142,000 | $1,449,000 |
| Application Denied By Financial Institution | 447 | $93,965,000 | $210,000 | $10,005,000 | $116,000 | $4,945,000 |
| Application Approved But Not Accepted | 40 | $6,830,000 | $170,000 | $645,000 | $250,000 | $3,998,000 |
| File Closed For Incompleteness | 27 | $6,245,000 | $231,000 | $605,000 | $152,000 | $675,000 |
| Loan Purchased By The Institution | 1 | $325,000 | $325,000 | $325,000 | $60,000 | $60,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,858 | $803,000,000 | $280,000 | $12,505,000 | $161,000 | $3,998,000 |
| Debt-To-Income Ratio | 147 | $34,305,000 | $233,000 | $2,035,000 | $78,000 | $500,000 |
| Credit History | 141 | $16,135,000 | $114,000 | $1,455,000 | $122,000 | $4,945,000 |
| Collateral | 87 | $17,595,000 | $202,000 | $1,465,000 | $136,000 | $727,000 |
| Other | 36 | $8,070,000 | $224,000 | $935,000 | $152,000 | $926,000 |
| Employment History | 16 | $2,130,000 | $133,000 | $355,000 | $49,000 | $204,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $13,445,000 | $1,222,000 | $10,005,000 | $152,000 | $316,000 |
| Unverifiable Information | 9 | $2,285,000 | $253,000 | $555,000 | $355,000 | $1,187,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mercantile Bank's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Mercantile Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.