Mostly refinancing
Refinances made up 61.5% of its 273 loans and purchases 29.3%, all conventional. Its typical loan was $155,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans).
Applications / Mortgage Analytics / Lenders / Tennessee / Peoples Bank of the South
Peoples Bank of the South
La Follette, TN · State non-member bank · FDIC · $227 million assets · 273 loans in 2025
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273
loans originated, 2025
276
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Peoples Bank of the South, a Tennessee bank, lends mainly to refinance, and more than a third of its loans go to poorer neighborhoods, a higher share than at almost any similar bank.
Deep in poorer neighborhoods
Low- and moderate-income (LMI) neighborhoods took 35.5% of its loans, against 17.2% at peers, more than at almost all of them. LMI borrowers took 35.2%, against 27.9%, more than at about three in four. Majority-minority areas took 3.7%, against 6.6%, possibly because of where in Tennessee it lends.
Little change in eight years
Its originations rose 9% in 2025, close to the 8% at peers and 10% for the market. Its yearly count has stayed between 242 and 315 since 2018.
Gaining in Morristown
In Knoxville, its largest market, it ranked 45 of 599 lenders with an unchanged 0.5%; Mortgage Investors Group led. In Morristown its share rose 0.2 points to 0.4%, ranking 46 of 268. In Cleveland, TN it slipped 0.1 points, to 0.1%. With few loans there, a small change moves the share.
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
273 loans in 2025, against a peak of 315 in 2019.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Peoples Bank of the South took 276 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
61.5% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 61.5% · Purchase 29.3% · Home improvement 6.2% · Other 2.9%
Conventional 100.0% · of 273 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
4 states, 8 metros, 21 counties
| State | Loans | Share |
|---|---|---|
| Tennessee | 269 | 98.5% |
| Georgia | 2 | 0.7% |
| Florida | 1 | 0.4% |
| Ohio | 1 | 0.4% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Knoxville | 216 |
| Morristown | 14 |
| Cleveland | 5 |
| Chattanooga | 4 |
| Nashville-Davidson--Murfreesboro--Franklin | 3 |
| Crestview-Fort Walton Beach-Destin | 1 |
| Dayton-Kettering-Beavercreek | 1 |
| Kingsport-Bristol | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LWR6X0ZAV34H19 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 277736 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 112467 | 1995–2006 |
| Respondent ID (the HMDA filer code before 2018) | 34945 | 2007–2017 |
Established 1 January 1917. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Peoples Bank of the South's data.
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