Applications / Mortgage Analytics / Lenders / Kentucky / Magnolia Bank
Elizabethtown, KY · State non-member bank · FDIC · $515 million assets · 4,097 loans in 2025
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4,097
loans originated, 2025
5,575
applications, 2025
50
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Magnolia Bank, a Kentucky bank with $515 million in assets, lending in 50 states, is a government-backed loan specialist: its share of VA loans is the highest among similar banks.
VA loans (guaranteed by the Department of Veterans Affairs) were 30.6% of its lending, against 1.2% at similar lenders (state non-member banks making between half and twice as many loans), and RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 7.9%, against 0.3%: both the highest. FHA loans (insured by the Federal Housing Administration) rose to 25.0% from 16.6%. Conventional loans were only 36.5%, the lowest.
It lent in 969 counties. At home it ranks 23 of 510 in Louisville, but its share fell to 1.1% from 1.6%; growth outside Kentucky and competition from national lenders such as United Wholesale Mortgage and Rocket Mortgage are possible reasons. It ranks 18 of 438 in non-metro Mississippi.
Originations rose 2% to 4,097, lower than about seven in ten peers, whose typical growth was 12%; the whole market grew 10%. It made 12,260 loans in 2020.
Low- and moderate-income (LMI) borrowers took 31.1% of its loans, higher than about three in four peers, and majority-minority tracts 15.8%, against 10.3%. Only 0.8% of loans were higher-priced (a rate well above the average for similar loans), against 1.5%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Magnolia Bank took 5,575 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 64.5% · Refinance 33.2% · Other 1.2% · Home improvement 1.1%
Conventional 36.5% · VA 30.6% · FHA 25.0% · USDA (RHS or FSA) 7.9% · of 4,097 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Kentucky | 757 | 18.5% |
| Georgia | 741 | 18.1% |
| Mississippi | 426 | 10.4% |
| Alabama | 214 | 5.2% |
| South Carolina | 204 | 5.0% |
| Indiana | 198 | 4.8% |
| Texas | 153 | 3.7% |
| Florida | 142 | 3.5% |
| Tennessee | 90 | 2.2% |
| California | 83 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Louisville/Jefferson County | 397 |
| Atlanta-Sandy Springs-Roswell | 238 |
| Gulfport-Biloxi | 147 |
| Marietta | 102 |
| Athens-Clarke County | 85 |
| Elizabethtown | 64 |
| Fort Worth-Arlington-Grapevine | 53 |
| Daphne-Fairhope-Foley | 51 |
| Florence | 49 |
| Myrtle Beach-Conway-North Myrtle Beach | 49 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300REENMLD2RN3W58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 261146 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38120 | 2004–2017 |
Established 4 November 1919. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Magnolia Bank's data.
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