Sturgis Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, Sturgis Bank & Trust of Sturgis, MI reported 882 mortgage applications totaling $177.8 million, up 88% from 2024. The average application was for $201,541, and applicants reported an average income of $144,368. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Niles-Benton Harbor, MI (135), Battle Creek, MI (74) and Kalamazoo-Portage, MI (72) (applications in parentheses).
| Mortgage Company & Address | Sturgis Bank & Trust 113-125 E Chicago Rd Sturgis, MI 49091 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 882 |
| Total Mortgage Loan Application Amount | $177,760,000 |
| Average Mortgage Loan Application Amount | $201,541 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $144,368 |
| Highest Applicant Income | $2,171,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sturgis Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Joseph, Michigan | 279 | $ 35,705,000 | $ 127,974 | $ 101,000 |
| Berrien, Michigan | 135 | $ 41,635,000 | $ 308,407 | $ 225,000 |
| Van Buren, Michigan | 83 | $ 15,845,000 | $ 190,903 | $ 164,000 |
| Branch, Michigan | 77 | $ 13,335,000 | $ 173,181 | $ 141,000 |
| Calhoun, Michigan | 74 | $ 11,690,000 | $ 157,972 | $ 121,000 |
| Kalamazoo, Michigan | 72 | $ 14,450,000 | $ 200,694 | $ 170,000 |
| Cass, Michigan | 24 | $ 8,310,000 | $ 346,250 | $ 110,000 |
| Elkhart, Indiana | 21 | $ 7,195,000 | $ 342,619 | $ 137,000 |
| Allegan, Michigan | 21 | $ 3,165,000 | $ 150,714 | $ 87,000 |
| LaGrange, Indiana | 15 | $ 1,475,000 | $ 98,333 | $ 94,000 |
| Barry, Michigan | 14 | $ 4,420,000 | $ 315,714 | $ 209,000 |
| Ottawa, Michigan | 10 | $ 2,390,000 | $ 239,000 | $ 111,000 |
| St. Joseph, Indiana | 7 | $ 2,455,000 | $ 350,714 | $ 260,000 |
| Steuben, Indiana | 6 | $ 1,060,000 | $ 176,666 | $ 103,000 |
| Kent, Michigan | 6 | $ 2,690,000 | $ 448,333 | $ 401,000 |
| Hillsdale, Michigan | 5 | $ 455,000 | $ 91,000 | $ 69,000 |
| Jackson, Michigan | 4 | $ 690,000 | $ 172,500 | $ 126,000 |
| Eaton, Michigan | 3 | $ 815,000 | $ 271,666 | $ 123,000 |
| Clare, Michigan | 2 | $ 340,000 | $ 170,000 | $ 67,000 |
| Ionia, Michigan | 2 | $ 250,000 | $ 125,000 | $ 110,000 |
| Lenawee, Michigan | 2 | $ 380,000 | $ 190,000 | $ 161,000 |
| Mason, Michigan | 2 | $ 1,290,000 | $ 645,000 | $ 303,000 |
| Oakland, Michigan | 2 | $ 520,000 | $ 260,000 | $ 267,000 |
| Boone, Indiana | 1 | $ 255,000 | $ 255,000 | $ 135,000 |
| Howard, Indiana | 1 | $ 185,000 | $ 185,000 | $ 79,000 |
| Charlevoix, Michigan | 1 | $ 265,000 | $ 265,000 | $ 212,000 |
| Emmet, Michigan | 1 | $ 525,000 | $ 525,000 | $ 102,000 |
| Ingham, Michigan | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| Isabella, Michigan | 1 | $ 685,000 | $ 685,000 | $ 163,000 |
| Lake, Michigan | 1 | $ 325,000 | $ 325,000 | $ 108,000 |
| Manistee, Michigan | 1 | $ 385,000 | $ 385,000 | $ 120,000 |
| Marquette, Michigan | 1 | $ 405,000 | $ 405,000 | $ 281,000 |
| Mecosta, Michigan | 1 | $ 235,000 | $ 235,000 | $ 286,000 |
| Missaukee, Michigan | 1 | $ 2,255,000 | $ 2,255,000 | $ 0 |
| Montmorency, Michigan | 1 | $ 165,000 | $ 165,000 | $ 237,000 |
| Newaygo, Michigan | 1 | $ 215,000 | $ 215,000 | $ 130,000 |
| Oceana, Michigan | 1 | $ 215,000 | $ 215,000 | $ 99,000 |
| Otsego, Michigan | 1 | $ 555,000 | $ 555,000 | $ 155,000 |
| Roscommon, Michigan | 1 | $ 305,000 | $ 305,000 | $ 316,000 |
Mortgage Loan Application Detail Totals for Sturgis Bank & Trust in 2025
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 | 381 | $110,055,000 | $288,000 | $2,505,000 | $161,000 | $2,171,000 |
| Cash-out Refinancing | 172 | $26,100,000 | $151,000 | $1,355,000 | $112,000 | $836,000 |
| Other Purpose | 166 | $17,950,000 | $108,000 | $625,000 | $148,000 | $1,837,000 |
| Home Improvement | 111 | $14,325,000 | $129,000 | $2,255,000 | $141,000 | $1,100,000 |
| Refinancing | 49 | $9,185,000 | $187,000 | $405,000 | $124,000 | $417,000 |
| Not Applicable | 3 | $145,000 | $48,000 | $85,000 | $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 | 769 | $153,035,000 | $199,000 | $2,505,000 | $147,000 | $2,171,000 |
| Hispanic | 49 | $6,855,000 | $139,000 | $545,000 | $98,000 | $629,000 |
| Not applicable | 33 | $11,605,000 | $351,000 | $2,255,000 | $0 | $0 |
| Black or African American | 14 | $2,410,000 | $172,000 | $505,000 | $105,000 | $214,000 |
| Not Provided | 9 | $2,165,000 | $240,000 | $555,000 | $168,000 | $432,000 |
| Asian | 5 | $1,135,000 | $227,000 | $355,000 | $225,000 | $790,000 |
| American Indian or Alaskan Native | 3 | $555,000 | $185,000 | $265,000 | $79,000 | $155,000 |
| 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) | 881 | $177,595,000 | $201,000 | $2,505,000 | $144,000 | $2,171,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $165,000 | $165,000 | $165,000 | $48,000 | $48,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 735 | $146,455,000 | $199,000 | $2,255,000 | $149,000 | $2,171,000 |
| Application Approved But Not Accepted | 99 | $20,605,000 | $208,000 | $2,505,000 | $122,000 | $861,000 |
| Application Denied By Financial Institution | 29 | $7,085,000 | $244,000 | $1,565,000 | $100,000 | $337,000 |
| Application Withdrawn By Applicant | 12 | $2,500,000 | $208,000 | $425,000 | $112,000 | $198,000 |
| Loan Purchased By The Institution | 7 | $1,115,000 | $159,000 | $285,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 853 | $170,675,000 | $200,000 | $2,505,000 | $146,000 | $2,171,000 |
| Credit History | 16 | $1,900,000 | $118,000 | $355,000 | $119,000 | $337,000 |
| Debt-To-Income Ratio | 4 | $740,000 | $185,000 | $505,000 | $61,000 | $112,000 |
| Other | 4 | $4,090,000 | $1,022,000 | $1,565,000 | $58,000 | $58,000 |
| Collateral | 2 | $230,000 | $115,000 | $215,000 | $147,000 | $200,000 |
| Employment History | 2 | $100,000 | $50,000 | $65,000 | $51,000 | $57,000 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $10,000 | $10,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sturgis Bank & Trust's 2025 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 Sturgis Bank & Trust'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.
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