Applications / Mortgage Analytics / Lenders / Tennessee / Patriot Bank
Millington, TN · State member bank · FRS · $426 million assets · 468 loans in 2025
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468
loans originated, 2025
587
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Patriot Bank makes far more government-backed loans than similar banks, mostly to buy homes, though its lending fell by 24% in 2025.
FHA loans (insured by the Federal Housing Administration) were 17.7% of its lending, VA loans (guaranteed by the Department of Veterans Affairs) 9.2% and RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 3.2%. The typical similar lender (state member banks making between half and twice as many loans) made none of these. Its share of such loans was higher than at almost all of them.
Purchases were 81.0% of its loans. Its typical rate, 6.25%, was lower than at about nineteen in twenty similar lenders, where it was 6.75%. Few of its loans were higher-priced (a rate well above the average for similar loans).
It made 468 loans, down from 612, while similar lenders grew by 7%. In 2020 it made 1,679, and its count has fallen in most years since. The public record does not show why.
Majority-minority neighborhoods took 29.1% of its loans, more than at about nine in ten similar lenders, where the typical share was 7.1%. Memphis, its largest market, may account for much of this. In 2025 it began lending in four new markets, including Ogden and Peoria.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Patriot Bank took 587 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 81.0% · Home improvement 9.8% · Refinance 8.5% · Other 0.6%
Conventional 69.9% · FHA 17.7% · VA 9.2% · USDA (RHS or FSA) 3.2% · of 468 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 | 421 | 90.0% |
| Mississippi | 34 | 7.3% |
| Utah | 3 | 0.6% |
| Arkansas | 2 | 0.4% |
| Georgia | 2 | 0.4% |
| Virginia | 2 | 0.4% |
| Illinois | 1 | 0.2% |
| Maryland | 1 | 0.2% |
| Missouri | 1 | 0.2% |
| Texas | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Memphis | 429 |
| Jackson | 3 |
| Ogden | 3 |
| Arlington-Alexandria-Reston | 2 |
| Rome | 2 |
| Chattanooga | 1 |
| Cleveland | 1 |
| Fayetteville-Springdale-Rogers | 1 |
| Fort Worth-Arlington-Grapevine | 1 |
| Jackson | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300KM0M1BH7LBWW77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3120646 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 23120646 | 2003–2017 |
Established 9 October 2002. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: Patriot Bank's data.
Patriot Bank's data
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