Applications / Mortgage Analytics / Lenders / Mississippi / BankFirst Financial Services
Columbus, MS · State member bank · FRS · $3.3 billion assets · 1,269 loans in 2025
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1,269
loans originated, 2025
1,517
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
BankFirst Financial Services, a Mississippi bank of smaller loans, held its lending flat in 2025 and ranked 3 of 306 in Tuscaloosa.
Originations were 1,269, against 1,270 in 2024, while similar lenders (state member banks making between half and twice as many loans) grew 8% and the whole market 10%. It has made between 1,007 and 1,270 loans a year since 2020.
Its typical loan, $135,000, was smaller than at about four in five similar lenders, where it was $195,000. FHA loans (insured by the Federal Housing Administration) were 6.5%, against 1.5%, and manufactured homes 4.3%, against 1.4%. Home purchases were 44.6% of its loans, refinances 39.8% and home improvement 11.1%.
It ranked 3 of 306 in Tuscaloosa, though its share fell 3.0 points to 4.7%; flat lending overall while the market grew, or lending moving to its other markets, are possible reasons. Its share rose 0.9 points to 3.1% in Hattiesburg, ranking 9 of 177, and fell 0.3 points to 1.1% in Jackson, MS.
Majority-minority areas took 20.1% of its loans, against 6.6% at similar lenders, higher than nearly nine in ten of them; the make-up of its Mississippi and Alabama markets is a possible reason. LMI (low- and moderate-income) borrowers took 24.2%, a little below peers' 27.4%. Its refinance denial rate, 8.7%, was lower than peers' 13.4%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. BankFirst Financial Services took 1,517 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 44.6% · Refinance 39.8% · Home improvement 11.1% · Other 4.5%
Conventional 92.0% · FHA 6.5% · VA 1.0% · USDA (RHS or FSA) 0.5% · of 1,269 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 |
|---|---|---|
| Mississippi | 869 | 68.5% |
| Alabama | 380 | 29.9% |
| Florida | 6 | 0.5% |
| Tennessee | 6 | 0.5% |
| North Carolina | 2 | 0.2% |
| Texas | 2 | 0.2% |
| California | 1 | 0.1% |
| Illinois | 1 | 0.1% |
| Indiana | 1 | 0.1% |
| Louisiana | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tuscaloosa | 202 |
| Memphis | 121 |
| Jackson | 116 |
| Hattiesburg | 77 |
| Birmingham | 31 |
| Gulfport-Biloxi | 16 |
| Daphne-Fairhope-Foley | 12 |
| Huntsville | 11 |
| Decatur | 4 |
| Crestview-Fort Walton Beach-Destin | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BR7OTD25RTS027 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 914648 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38870 | 2004–2011 |
| Respondent ID (the HMDA filer code before 2018) | 2914648 | 2012–2017 |
Established 1 June 1888. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: BankFirst Financial Services's data.
BankFirst Financial Services's data
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BankFirst Financial Services and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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