The catalogue › United States › Great Lakes

The regional note · prepared 8 September 2026

Great Lakes

797 banks and 778 credit unions read from their latest filings, every state in the Great Lakes states ranked against the others and the largest institutions against each other.

Small-business lending ↓

The states Ohio · Michigan · Indiana · Illinois · Wisconsin

Banks

797 banks filing across 5 states · read from the 30 June 2026 Call Report

797

banks filing

$6.98T in assets

+11.2%

Loans, year over year

on the banks filing at both dates

14.9%

CRE / loans

in aggregate

65%

Loans / deposits

in aggregate

0.89%

Noncurrent / loans

-2 bps on a year earlier

9.5%

Equity / assets

in aggregate

The Great Lakes states's 797 banks hold $6.98T in assets at 30 June 2026, across 5 states. JPMorgan Chase Bank N.A. is the largest at $4.09T, and the five largest hold 81% of the total; 153 institutions are above $1B, holding $6.74T. Ohio holds the most, $5.72T.

Loans grew +11.2% in the year on the banks filing at both dates, fastest in Wisconsin at +13.3% and slowest in Illinois at +4.2%. Noncurrent loans are 0.89% of the book, down 2 basis points on a year earlier; the rate rose in 2 states and fell in 3, rising most in Michigan (+21 bps) and highest outright in Michigan at 0.92%.

By category, 1-4 family residential loans went late the most, the noncurrent rate +29 bps to 1.62%, then multifamily (+4 bps to 0.65%); home equity lines improved the most, -28 bps. Commercial real estate is 14.9% of loans in aggregate, heaviest in Indiana at 32.5%; the banks lend 65% of their deposits, and equity is 9.5% of assets.

The largest banks, by size

the twenty largest in each band headquartered in the Great Lakes states; each has its own read in the catalogue

Under $1B: the 20 largest of 635banks headquartered in the Great Lakes states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	First Federal Community Bank N.A.	OH	$995M	+13.9%	13.0%	85%	0.08%	1.81%	8.8%
2	Peoples State Bank	WI	$993M	+13.1%	23.2%	80%	0.21%	1.43%	10.2%
3	First National Bank of Michigan	MI	$989M	+6.5%	60.4%	102%	0.80%	0.99%	9.1%
4	International Bank of Chicago	IL	$983M	-2.0%	41.7%	87%	0.05%	1.82%	11.6%
5	Community First Bank of Indiana	IN	$980M	+10.5%	43.1%	100%	1.32%	1.19%	10.5%
6	Killbuck Savings Bank Co.	OH	$954M	+15.2%	15.8%	78%	0.01%	1.12%	8.4%
7	Farmers & Merchants Bank	WI	$949M	+0.1%	45.0%	94%	1.96%	1.21%	9.2%
8	Oxford Bank	MI	$931M	+13.8%	22.5%	92%	2.26%	0.97%	12.3%
9	Greenfield Banking Co.	IN	$930M	-1.5%	34.2%	74%	0.35%	1.72%	13.6%
10	First National Bank of Waterloo	IL	$929M	+3.2%	37.2%	70%	1.33%	0.94%	9.9%
11	State Bank	IN	$916M	+7.9%	41.8%	93%	0.13%	1.06%	11.0%
12	Citizens State Bank New Castle	IN	$909M	+14.5%	18.8%	74%	0.40%	1.04%	10.2%
13	Fortress Bank	IL	$897M	+5.9%	32.6%	101%	1.99%	0.87%	9.5%
14	Mechanics Bank	OH	$896M	+9.2%	4.8%	94%	0.42%	0.72%	7.8%
15	Farmers National Bank	IL	$896M	+4.3%	1.5%	80%	0.23%	1.14%	14.3%
16	First Independence Bank	MI	$875M	+35.9%	15.2%	76%	0.71%	1.95%	9.4%
17	Farmers & Merchants Union Bank	WI	$872M	+23.8%	49.0%	86%	0.15%	1.62%	11.7%
18	Unified Bank	OH	$872M	-0.9%	30.6%	71%	1.29%	1.35%	8.7%
19	Liberty Bank for Savings	IL	$869M	-2.4%	14.8%	83%	0.04%	0.40%	23.4%
20	Resource Bank National Association	IL	$869M	-0.4%	33.0%	64%	2.44%	1.35%	7.6%

$1B to $3B: the 20 largest of 92banks headquartered in the Great Lakes states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	First Federal Savings & Loan Association of Lakewood	OH	$2.94B	-1.8%	15.1%	109%	0.44%	0.57%	8.0%
2	National Exchange Bank & Trust	WI	$2.89B	+1.1%	46.5%	75%	0.37%	1.67%	19.8%
3	Lakeside Bank	IL	$2.85B	+6.9%	72.5%	95%	0.03%	1.82%	10.7%
4	State Bank of the Lakes N.A.	IL	$2.81B	+14.2%	17.1%	88%	0.18%	1.39%	10.1%
5	Beverly Bank & Trust Co. N.A.	IL	$2.69B	+0.4%	24.5%	91%	0.40%	1.63%	9.9%
6	Inb National Association	IL	$2.68B	-1.7%	48.0%	81%	1.10%	1.18%	9.1%
7	FCB Banks	IL	$2.64B	+5.6%	34.2%	90%	0.76%	1.79%	8.1%
8	One Community Bank	WI	$2.63B	+18.2%	59.4%	108%	0.58%	1.31%	12.7%
9	Republic Bank of Chicago	IL	$2.61B	-0.5%	46.1%	74%	1.27%	1.32%	12.3%
10	North Shore Bank	WI	$2.61B	+7.1%	45.0%	95%	0.10%	1.01%	15.3%
11	Schaumburg Bank & Trust Co. N.A.	IL	$2.56B	+2.2%	20.9%	84%	0.11%	1.72%	9.3%
12	Bank Five Nine	WI	$2.53B	+7.7%	21.6%	98%	1.91%	1.32%	9.6%
13	Crystal Lake Bank & Trust Co. N.A.	IL	$2.26B	+13.1%	24.0%	94%	0.34%	1.52%	8.9%
14	Waterstone Bank SSB	WI	$2.25B	+0.5%	58.1%	125%	0.36%	1.29%	14.7%
15	National Bank of Commerce	WI	$2.23B	+1.4%	40.9%	93%	0.64%	1.99%	9.8%
16	First Bank Chicago	IL	$2.23B	+11.5%	40.6%	86%	1.09%	0.28%	8.9%
17	LCNB National Bank	OH	$2.22B	-0.9%	48.5%	94%	0.34%	1.15%	12.9%
18	Isabella Bank	MI	$2.17B	+13.8%	26.4%	86%	0.49%	1.10%	8.8%
19	Cfbank National Association	OH	$2.17B	+2.6%	41.3%	99%	1.14%	1.21%	11.4%
20	Incrediblebank	WI	$2.10B	+5.6%	23.2%	90%	0.89%	1.06%	7.7%

$3B to $10B: the 20 largest of 52banks headquartered in the Great Lakes states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Byline Bank	IL	$9.91B	+2.9%	23.3%	96%	0.93%	1.66%	14.1%
2	Wintrust Bank National Association	IL	$9.57B	+0.4%	31.2%	96%	0.36%	1.96%	11.6%
3	Peoples Bank	OH	$9.53B	+3.3%	25.2%	91%	0.60%	1.30%	12.7%
4	1st Source Bank	IN	$9.26B	+1.7%	10.7%	97%	0.99%	1.95%	13.6%
5	Lake Forest Bank & Trust Co. N.A.	IL	$9.25B	+6.2%	15.4%	95%	0.34%	2.04%	9.5%
6	First Mid Bank & Trust N.A.	IL	$9.14B	+20.2%	41.0%	91%	0.58%	1.09%	11.8%
7	First American Bank	IL	$8.63B	+9.4%	32.6%	61%	0.60%	1.48%	8.1%
8	German American Bank	IN	$8.43B	+3.2%	37.0%	84%	0.45%	1.70%	13.7%
9	Northpointe Bank	MI	$7.53B	+16.5%	1.8%	129%	1.23%	1.30%	9.4%
10	Lake City Bank	IN	$7.24B	+6.8%	35.2%	88%	0.36%	1.61%	10.4%
11	Farmers National Bank of Canfield	OH	$7.16B	+44.6%	30.0%	81%	0.93%	1.15%	11.5%
12	Johnson Bank	WI	$7.07B	+0.5%	37.8%	96%	0.23%	1.32%	12.2%
13	Old Second National Bank	IL	$6.86B	+31.1%	31.9%	96%	1.08%	1.68%	13.5%
14	First National Bank of America	MI	$6.82B	+5.2%	5.9%	162%	1.90%	2.78%	8.1%
15	Hinsdale Bank & Trust Co. N.A.	IL	$6.80B	+16.0%	21.2%	90%	0.16%	1.43%	10.1%
16	Heartland Bank & Trust Co.	IL	$6.72B	+42.0%	46.8%	82%	0.19%	1.31%	13.1%
17	Midland States Bank	IL	$6.69B	-16.2%	44.6%	74%	1.43%	1.21%	9.2%
18	Horizon Bank	IN	$6.55B	-0.5%	34.1%	91%	0.70%	1.75%	12.3%
19	United Fidelity Bank FSB	IN	$6.49B	-3.3%	91.2%	61%	0.49%	-0.09%	10.0%
20	Northbrook Bank & Trust Co. N.A.	IL	$6.37B	+9.0%	23.5%	83%	0.27%	1.52%	8.3%

$10B to $20B: the 5 largest of 5banks headquartered in the Great Lakes states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Busey Bank	IL	$18.15B	-4.5%	38.2%	87%	0.51%	1.34%	13.7%
2	Third Federal Savings & Loan Association of Cleveland	OH	$18.06B	+3.6%	0.0%	160%	0.25%	0.61%	9.9%
3	Nicolet National Bank	WI	$15.39B	+64.5%	28.6%	87%	0.63%	1.01%	15.0%
4	Park National Bank	OH	$12.61B	+22.2%	28.8%	90%	0.86%	1.83%	12.4%
5	Centier Bank	IN	$10.41B	+4.4%	39.3%	92%	0.82%	1.53%	9.9%

Over $20B: the 13 largest of 13banks headquartered in the Great Lakes states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	JPMorgan Chase Bank N.A.	OH	$4091.32B	+9.4%	10.6%	55%	0.78%	1.54%	8.3%
2	U S Bank National Association	OH	$705.55B	+8.1%	10.1%	76%	1.45%	1.25%	9.8%
3	Fifth Third Bank N.A.	OH	$299.18B	+45.8%	12.0%	74%	0.84%	0.87%	12.6%
4	Huntington National Bank	OH	$283.07B	+40.9%	12.9%	84%	1.06%	1.00%	11.8%
5	BMO Bank National Association	IL	$254.97B	-0.5%	14.6%	73%	0.92%	0.15%	14.3%
6	KeyBank National Association	OH	$188.56B	+4.3%	12.6%	71%	0.86%	1.26%	9.9%
7	Northern Trust Co.	IL	$178.57B	+1.2%	12.3%	30%	0.23%	1.59%	6.7%
8	Old National Bank	IN	$73.86B	+5.9%	33.6%	89%	0.92%	1.39%	11.3%
9	CIBC Bank USA	IL	$66.50B	+14.6%	32.3%	84%	1.35%	1.53%	17.4%
10	Associated Bank N.A.	WI	$51.76B	+19.1%	24.7%	91%	0.42%	0.97%	10.4%
11	First Financial Bank	OH	$22.35B	+16.6%	28.4%	77%	0.70%	1.52%	13.4%
12	First Merchants Bank	IN	$21.32B	+17.1%	26.6%	93%	0.82%	0.75%	12.8%
13	Merchants Bank of Indiana	IN	$21.17B	+15.5%	34.8%	121%	1.18%	1.47%	11.0%

Noncurrent loans, share of loans, by stateevery bank in the state summed, 30 June 2026; 90 days or more past due and still accruing, plus nonaccrual, over loans; darker is higher

Michigan carries the highest rate at 0.92%, then Ohio at 0.91%; Wisconsin the lowest at 0.58%. The Great Lakes states in aggregate sits at 0.89%.

Where noncurrent loans rose, and where they fellthe change in the rate on 30 June 2025, in basis points; amber rose, navy fell

The rate rose in 2 of 5 states and fell in 3. It rose most in Michigan (+21 bps) and Wisconsin (+2 bps), and fell most in Illinois (-13 bps).

Where borrowers are going late, by loan categorythe noncurrent rate on each category a year ago and now, every bank in the Great Lakes states summed; the widest rise first; from Schedule RC-N as FDIC serves it; a small category moves on a few loans

1-4 family residential loans deteriorated the most, +29 bps to 1.62% noncurrent; multifamily +4 bps to 0.65%. 9 of the 11 categories improved. The highest rate outright among the categories that matter to the book is home equity lines at 1.86%.

The delinquency ladder by categoryeach category's balance and the share of it 30 to 89 days past due, 90 days or more and still accruing, and on nonaccrual; noncurrent is the last two together, with its change on a year earlier

Category	Balance	30 to 89	90+	Nonaccrual	Noncurrent	YoY
Construction & land	$90.8B	0.39%	0.02%	1.00%	1.02%	-2 bps
Multifamily	$199B	0.27%	0.03%	0.62%	0.65%	+4 bps
Nonfarm nonresidential	$341B	0.26%	0.03%	1.06%	1.10%	-13 bps
1-4 family residential	$754B	0.46%	0.70%	0.92%	1.62%	+29 bps
Home equity lines	$75.5B	0.58%	0.07%	1.79%	1.86%	-28 bps
Commercial & industrial	$680B	0.32%	0.09%	0.91%	1.00%	-13 bps
Consumer	$436B	0.91%	0.59%	0.10%	0.69%	-5 bps
Credit card	$255B	0.92%	0.98%	0.01%	0.99%	-8 bps
Auto	$106B	0.92%	0.02%	0.22%	0.24%	-1 bps
Agricultural production	$19.0B	0.08%	0.01%	0.56%	0.58%	-9 bps
Farmland	$23.5B	0.39%	0.12%	0.79%	0.90%	-21 bps
All loans and leases	$3.34T	0.41%	0.26%	0.62%	0.89%	-2 bps

The noncurrent rate by category since 2008each category's noncurrent share of its own balance, quarterly, every bank in the Great Lakes states summed; bold, the category rising most this year

1-4 family residential peaked at 9.7% in 2010 and stands at 1.62% now, 17% of that peak. The scale of the last cycle is the point of the chart: every category's rate today sits against where it went then.

Loans, year over year, by state30 June 2026 against a year earlier on the banks filing at both dates; no better direction

Wisconsin grew fastest at +13.3%; 4 states grew faster than 5% and 0 shrank, Illinois the most at +4.2%.

Commercial real estate, share of loans, by stateconstruction, multifamily and non-owner-occupied nonresidential over loans, every bank in the state summed, 30 June 2026

Indiana is the most CRE-weighted at 32.5% of loans, then Wisconsin at 31.7%; 2 states sit above 30%, against 14.9% in aggregate.

Early delinquency: 30 to 89 days past due, by stateloans 30 to 89 days past due and still accruing, over loans, every bank in the state summed, 30 June 2026; the leading edge of the ladder

Michigan has the most loans in the early bucket at 0.45%; the aggregate is 0.41%. Loans here are a quarter or two ahead of the noncurrent figure above, which is why the two maps are read together.

What the Great Lakes states' banks lendthe loan book of every bank summed by category as filed, 30 June 2026

Other loans and leases (nondepository financials, foreign, leases) is the largest category at 22.4% of $3.34T in loans, then Commercial & industrial at 20.4% and 1-4 family residential, closed-end at 20.3%.

Who holds the Great Lakes states' bank assetseach institution's share of the $6.98T the region's 797 hold; the largest first, amber in the catalogue

JPMorgan Chase Bank N.A. holds 58.6% of the total; the five largest hold 81%, and 153 of the 797 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve

81% of the assets sit in 0.6% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

The consolidation: banks filing since 2008the count of banks filing each quarter from the Great Lakes states; assets at the ends in the read

1,542 banks filed in 2008 Q1 holding $2.90T; 797 file now holding $6.98T. 48% fewer charters hold 141% more in assets.

Noncurrent loans since 2008every bank in the Great Lakes states summed, quarterly

The rate peaked at 6.03% in 2010 and stands at 0.89%, 15% of that peak.

Loans, year over year: banks over $1B30 June 2026 against a year earlier; the fastest fifteen; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 152 · amber, in the catalogue

Servbank National Association (Illinois) grew fastest at +190.2%; the median among banks over $1B is +6.3%. A jump this size is usually an acquisition or a charter's first full year, both visible in the institution's own filing.

Commercial real estate, share of loans: banks over $1B30 June 2026; construction, multifamily and non-owner-occupied nonresidential; the fifteen heaviest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 153 · amber, in the catalogue

United Fidelity Bank FSB (Indiana) is the most CRE-weighted at 91.2% of loans; 18 of the 153 are above half the book.

Nonperforming loans, share of loans: banks over $1B30 June 2026; the fifteen highest, as each filed; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 153 · amber, in the catalogue

Barrington Bank & Trust Co. N.A. (Illinois) carries the highest rate at 4.75%; 6 of the 153 are above 2%, and the median is 0.59%. A rate is a filed fact, not a finding; the allowance beside it and the trend behind it are on the institution's own page where it is in the catalogue.

Loans to deposits: banks over $1B30 June 2026; the fifteen highest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 153 · amber, in the catalogue

17 of the 153 lend more than they hold in deposits, Federal Savings Bank (Illinois) the furthest at 131%; the median is 88%.

Return on assets: banks over $1B30 June 2026; the fifteen highest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 152 · amber, in the catalogue

Sutton Bank (Ohio) earns the most at 3.68%; 10 of the 153 earn under 0.50%, and the median is 1.29%.

Every state, 30 June 2026largest first; navy, the stronger half of each column; amber, the weaker; darker at the ends; growth on the institutions filing at both dates

State	Banks	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	YoY	30 to 89 days	ROA, median	Equity / assets
Ohio	157	$5.72T	+12.7%	11.4%	62%	0.91%	-0 bps	0.43%	1.00%	9.0%
Illinois	326	$778B	+4.2%	23.3%	68%	0.84%	-13 bps	0.34%	1.14%	11.5%
Indiana	88	$223B	+6.9%	32.5%	90%	0.86%	-5 bps	0.35%	1.06%	11.0%
Wisconsin	154	$183B	+13.3%	31.7%	93%	0.58%	+2 bps	0.29%	1.24%	11.8%
Michigan	72	$72.5B	+9.1%	23.1%	96%	0.92%	+21 bps	0.45%	1.14%	10.5%

Five years, 2021 to 2026the 791 institutions filing at both dates; dollars as growth, ratios in points

	2021	2026	Change
Loans, in total	$2.23T	$3.34T	+50%
Deposits, in total	$4.14T	$5.12T	+24%
NPA / loans, median	0.48%	0.49%	+0.01 pts
Efficiency, median	64.7%	64.2%	-0.5 pts
ROA, median	1.05%	1.14%	+0.09 pts

Credit unions

778 credit unions filing across 5 states · read from the 31 March 2026 NCUA 5300

778

credit unions filing

$372B in assets

+6.2%

Loans, year over year

on the credit unions filing at both dates

16.3%

Member business loans / loans

in aggregate

83%

Loans / shares

in aggregate

0.71%

Delinquent / loans

+2 bps on a year earlier

11.2%

Net worth / assets

in aggregate

The Great Lakes states's 778 credit unions hold $372B in assets at 31 March 2026, across 5 states. Alliant is the largest at $19.7B, and the five largest hold 17% of the total; 79 institutions are above $1B, holding $271B. Michigan holds the most, $120B.

Loans grew +6.2% in the year on the credit unions filing at both dates, fastest in Michigan at +8.3% and slowest in Ohio at +3.7%. Delinquent loans are 0.71% of the book, up 2 basis points on a year earlier; the rate rose in 4 states and fell in 1, rising most in Ohio (+10 bps) and highest outright in Ohio at 0.81%.

Member business loans are 16.3% of the book in aggregate, heaviest in Indiana at 26.3%. The credit unions lend 83% of their shares, and net worth is 11.2% of assets.

Delinquent loans, share of loans, by stateevery credit union in the state summed, 31 March 2026; loans 60 days or more past due, over loans; darker is higher

Ohio carries the highest rate at 0.81%, then Illinois at 0.81%; Wisconsin the lowest at 0.63%. The Great Lakes states in aggregate sits at 0.71%.

Where delinquency rose, and where it fellthe change in the rate on 31 March 2025, in basis points; amber rose, navy fell

The rate rose in 4 of 5 states and fell in 1. It rose most in Ohio (+10 bps) and Indiana (+7 bps), and fell most in Illinois (-10 bps).

Loans, year over year, by state31 March 2026 against a year earlier on the credit unions filing at both dates; no better direction

Michigan grew fastest at +8.3%; 4 states grew faster than 5% and 0 shrank, Ohio the most at +3.7%.

Member business loans, share of loans, by stateevery credit union in the state summed, 31 March 2026

Indiana carries the most commercial lending at 26.3% of loans; the aggregate is 16.3%.

Who holds the Great Lakes states' credit union assetseach institution's share of the $372B the region's 778 hold; the largest first, amber in the catalogue

Alliant holds 5.3% of the total; the five largest hold 17%, and 79 of the 778 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve

17% of the assets sit in 0.6% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

The consolidation: credit unions filing since 2022the count of credit unions filing each quarter from the Great Lakes states; assets at the ends in the read

918 credit unions filed in 2022 Q1 holding $306B; 778 file now holding $372B. 15% fewer charters hold 21% more in assets.

Delinquency since 2022every credit union in the Great Lakes states summed, quarterly

The rate peaked at 0.84% in 2025 and stands at 0.71%, 85% of that peak.

Loans, year over year: credit unions over $1B31 March 2026 against a year earlier; the fastest fifteen · the 15 highest of 79 · amber, in the catalogue

Credit Union 1 (Illinois) grew fastest at +51.4%; the median among credit unions over $1B is +5.8%. A jump this size is usually an acquisition or a charter's first full year, both visible in the institution's own filing.

Member business loans, share of loans: credit unions over $1B31 March 2026; the fifteen heaviest · the 15 highest of 79 · amber, in the catalogue

Beacon (Indiana) carries the most commercial lending at 80.0% of loans.

Delinquent loans, share of loans: credit unions over $1B31 March 2026; the fifteen highest, as each filed · the 15 highest of 79 · amber, in the catalogue

Marine (Wisconsin) carries the highest rate at 1.89%; 0 of the 79 are above 2%, and the median is 0.67%. A rate is a filed fact, not a finding; the allowance beside it and the trend behind it are on the institution's own page where it is in the catalogue.

Loans to shares: credit unions over $1B31 March 2026; the fifteen highest · the 15 highest of 79 · amber, in the catalogue

6 of the 79 lend more than they hold in shares, Marine (Wisconsin) the furthest at 107%; the median is 87%.

Return on assets: credit unions over $1B31 March 2026; the fifteen highest · the 15 highest of 79 · amber, in the catalogue

Zeal (Michigan) earns the most at 2.72%; 16 of the 79 earn under 0.50%, and the median is 0.90%.

Every state, 31 March 2026largest first; navy, the stronger half of each column; amber, the weaker; darker at the ends; growth on the institutions filing at both dates

State	Filers	Assets	Loans YoY	MBL / loans	Loans / shares	Delinquent	YoY	ROA, median	Net worth
Michigan	170	$120B	+8.3%	15.1%	80%	0.69%	+5 bps	0.79%	11.7%
Illinois	190	$77.1B	+5.1%	10.5%	81%	0.81%	-10 bps	0.62%	10.5%
Wisconsin	99	$75.5B	+6.3%	20.2%	90%	0.63%	+2 bps	0.86%	10.9%
Ohio	195	$50.3B	+3.7%	10.9%	79%	0.81%	+10 bps	0.69%	11.3%
Indiana	124	$49.5B	+5.2%	26.3%	84%	0.65%	+7 bps	0.68%	11.3%

Small-business lending

SBA 7(a) approvals into the Great Lakes states since FY2008, across every lender type

$60.1B of 7(a) credit has been approved into the Great Lakes states since FY2008 across 178,665 loans. Accommodation & food services is the largest category at 18.1%, Manufacturing at 13.6%, Retail trade at 12.5%; the three together are 44% of the money. The heaviest losses fall in Arts, entertainment & recreation, at 2.82% of approvals charged off.

7(a) lenders in the Great Lakes states, share of approvalssince FY2008, 1,117 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue

What the Great Lakes states' 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest

The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike

Industry	Approved	Loans	Share	Charged off	Loss rate
Accommodation & food services	$10.9B	22,499	18.1%	$240M	2.21%
Manufacturing	$8.2B	15,991	13.6%	$162M	1.98%
Retail trade	$7.5B	21,472	12.5%	$209M	2.78%
Health care & social assistance	$5.3B	14,231	8.9%	$70M	1.32%
Other services	$4.7B	16,182	7.9%	$93M	1.95%
Construction	$4.6B	21,395	7.6%	$109M	2.40%
Professional & technical services	$4.0B	14,900	6.6%	$90M	2.26%
Wholesale trade	$3.2B	7,120	5.3%	$88M	2.76%
Transportation & warehousing	$2.8B	18,591	4.7%	$70M	2.47%
Arts, entertainment & recreation	$2.3B	5,637	3.9%	$66M	2.82%
Administrative & waste services	$2.2B	9,036	3.6%	$47M	2.16%
Real estate & leasing	$1.7B	3,669	2.9%	$25M	1.43%

The largest state marketsapprovals since FY2008 and how many lenders have written there

State	Approved	Loans	Lenders
Illinois	$15.1B	35,506	537
Ohio	$15.0B	57,304	361
Michigan	$12.6B	39,112	364
Wisconsin	$9.3B	24,931	426
Indiana	$8.1B	21,812	351

The other regions Mid-Atlantic · Mountain West · New England · Pacific · Plains · South Central · Southeast · Southwest

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Great Lakes institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 8 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; Schedule RC-N past-due detail via the FDIC; SBA 7(a) release
Cohort every institution filing in the Great Lakes states

Computed from each institution's own filing as published; aggregates are dollar-weighted sums across the filers, medians unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.

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