The Merchants National Bank
The Merchants National Bank received 348 applications in 2025 and made 254 mortgages, in 31 counties across 5 states. The median rate its borrowers got was 7.125% on a median loan of $175,000. Of 327 decisions, 32 were denials — 9.8%, most often for debt-to-income ratio.
| Legal Entity Identifier | 254900PJ63T7KFSHAV90 |
|---|---|
| Applications received | 348 |
| Mortgages made | 254 |
| Denied | 32 |
| Approved, not taken up | 41 |
| Withdrawn or incomplete | 21 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.634 points |
| FDIC-insured bank | Yes: The Merchants National Bank, 17 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 150 | 7.188% | $210,000 | 8.5% |
| Refinancing | 24 | 6.750% | $235,000 | 3.7% |
| Cash-out refinancing | 55 | 7.000% | $145,000 | 7.5% |
| Other purposes | 25 | 8.250% | $85,000 | 26.5% |
Where The Merchants National Bank lends most
The 31 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Highland County, OH | 50 | 7.313% | 16.0% |
| Fayette County, OH | 32 | 7.125% | 2.6% |
| Clinton County, OH | 26 | 6.688% | 3.5% |
| Brown County, OH | 25 | 7.500% | 11.8% |
| Madison County, OH | 16 | 6.875% | 5.3% |
| Clermont County, OH | 15 | 6.875% | 9.5% |
| Hocking County, OH | 14 | 6.875% | 19.1% |
| Clark County, OH | 11 | 7.500% | 7.7% |
| Franklin County, OH | 11 | 6.750% | 0.0% |
| Adams County, OH | 7 | Under 10 loans | 0.0% |
| Montgomery County, OH | 7 | Under 10 loans | 12.5% |
| Athens County, OH | 6 | Under 10 loans | 14.3% |
| Greene County, OH | 6 | Under 10 loans | 14.3% |
| Ross County, OH | 6 | Under 10 loans | 0.0% |
| Hamilton County, OH | 4 | Under 10 loans | 0.0% |
| Fairfield County, OH | 2 | Under 10 loans | 0.0% |
| Perry County, OH | 2 | Under 10 loans | 0.0% |
| Pike County, OH | 2 | Under 10 loans | 0.0% |
| Warren County, OH | 2 | Under 10 loans | 0.0% |
| Cook County, GA | 1 | Under 10 loans | 0.0% |
| Knox County, IN | 1 | Under 10 loans | 0.0% |
| Kenton County, KY | 1 | Under 10 loans | 0.0% |
| Clark County, NV | 1 | Under 10 loans | 0.0% |
| Cuyahoga County, OH | 1 | Under 10 loans | 0.0% |
| Delaware County, OH | 1 | Under 10 loans | 50.0% |
| Pickaway County, OH | 1 | Under 10 loans | 0.0% |
| Preble County, OH | 1 | Under 10 loans | 0.0% |
| Union County, OH | 1 | Under 10 loans | 33.3% |
| Vinton County, OH | 1 | Under 10 loans | 50.0% |
| Licking County, OH | 0 | Under 10 loans | 0.0% |
| Washington County, OH | 0 | Under 10 loans | 0.0% |
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When The Merchants National Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.