Applications / Mortgage Analytics / Lenders / Alabama / Local Bank
Tuscaloosa, AL · State non-member bank · FDIC · 514 loans in 2025
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514
loans originated, 2025
654
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Local Bank first reported in 2025, with 514 home loans across 17 states, and lends through government programs far more than similar banks: 35.4% of its loans were FHA (insured by the Federal Housing Administration).
Purchase was 90.1% of its loans. Besides its FHA share, 7.4% were VA (guaranteed by the Department of Veterans Affairs) and 3.7% RHS (guaranteed by the Department of Agriculture's Rural Housing Service). Similar lenders (state non-member banks making between half and twice as many loans) typically made none of these, so its conventional share, 53.5%, is lower than nearly all of them.
It lent in 17 states, 41 metros and 69 counties, mostly in Alabama. It ranks 27 of 356 in Mobile, AL with a 1.1% share, 36 of 485 in Daphne-Fairhope-Foley, AL with 0.7%, and 47 of 306 in Tuscaloosa, AL with 0.4%. With no earlier report, there is no year to compare.
Its typical loan was $265,000, against $185,000, higher than about three-quarters of similar lenders. Of its loans, 16.2% were in majority-minority tracts, against 7.2%, but only 9.6% were in low- and moderate-income (LMI) tracts, against 15.8%, lower than about six in seven. Its purchase focus and the markets it serves could explain both.
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, 2025–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Local Bank took 654 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 90.1% · Refinance 9.7% · Other 0.2%
Conventional 53.5% · FHA 35.4% · VA 7.4% · USDA (RHS or FSA) 3.7% · of 514 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 |
|---|---|---|
| Alabama | 366 | 71.2% |
| Florida | 115 | 22.4% |
| Tennessee | 8 | 1.6% |
| Georgia | 4 | 0.8% |
| Texas | 3 | 0.6% |
| Arkansas | 2 | 0.4% |
| Louisiana | 2 | 0.4% |
| Massachusetts | 2 | 0.4% |
| Mississippi | 2 | 0.4% |
| North Carolina | 2 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Mobile | 88 |
| Huntsville | 62 |
| Orlando-Kissimmee-Sanford | 62 |
| Daphne-Fairhope-Foley | 59 |
| Birmingham | 17 |
| Deltona-Daytona Beach-Ormond Beach | 16 |
| Tuscaloosa | 15 |
| Gadsden | 12 |
| Lakeland-Winter Haven | 9 |
| Palm Bay-Melbourne-Titusville | 8 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549005Z23HAAZ6QDM98 | 2025–2025 |
Established 1 August 1914. Reported under HMDA in 2025.
Mergers, name changes, data editions and corrections: Local Bank's data.
Local Bank's data
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