Applications / Mortgage Analytics / Lenders / Tennessee / Bank3
Memphis, TN · State non-member bank · FDIC · $495 million assets · 173 loans in 2025
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173
loans originated, 2025
200
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank3, first reported in 2022, tripled its lending in 2025 and moved into government-backed loans that similar lenders rarely make.
It made 173 loans, up 204% from 57. Similar lenders (state non-member banks making between half and twice as many loans) and the whole market both grew 10%. Its first report, in 2022, showed 182 loans, so 2025 brought it back near that level after two leaner years.
In 2024, 98.2% of its loans were conventional. In 2025 FHA loans (insured by the Federal Housing Administration) were 13.9%, RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 13.3% and VA loans (guaranteed by the Department of Veterans Affairs) 5.2%. The typical similar lender made none of any.
Its share rose in Memphis, its largest market, and in 2025 it entered North Port-Bradenton-Sarasota, Provo-Orem-Lehi and Clarksville, each with a very small share. Majority-minority areas took 16.8% of its loans, against 6.1% at similar lenders, down from 40.4% in 2024; lending in new markets may be one reason.
It turned down 2.9% of first-lien home-purchase applications, against 7.1% at similar lenders, lower than about three-quarters of them.
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, 2022–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Bank3 took 200 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 85.0% · Refinance 12.7% · Other 2.3%
Conventional 67.6% · FHA 13.9% · USDA (RHS or FSA) 13.3% · VA 5.2% · of 173 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 |
|---|---|---|
| Tennessee | 159 | 91.9% |
| Mississippi | 6 | 3.5% |
| Arkansas | 2 | 1.2% |
| Florida | 2 | 1.2% |
| Alabama | 1 | 0.6% |
| Kentucky | 1 | 0.6% |
| North Carolina | 1 | 0.6% |
| Utah | 1 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Memphis | 78 |
| Jackson | 7 |
| Nashville-Davidson--Murfreesboro--Franklin | 6 |
| Clarksville | 2 |
| Charlotte-Concord-Gastonia | 1 |
| Chattanooga | 1 |
| Crestview-Fort Walton Beach-Destin | 1 |
| Fayetteville-Springdale-Rogers | 1 |
| Huntsville | 1 |
| Knoxville | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003QDHMW1W0GEH16 | 2022–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 502652 | 2022–2023 |
Established 1 July 1910. Reported under HMDA 2022-2025.
Mergers, name changes, data editions and corrections: Bank3's data.
Bank3's data
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