Applications / Mortgage Analytics / Lenders / North Carolina / Piedmont Federal Savings Bank
Winston Salem, NC · Savings institution · OCC · $1.3 billion assets · 118 loans in 2025
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118
loans originated, 2025
156
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Piedmont Federal Savings Bank, a North Carolina savings institution that has lent since at least 1990, made 118 loans in 2025, down from 556 in 2021, and kept shrinking while similar lenders grew.
Its loans fell 22% in 2025, from 152 to 118. Similar lenders (savings institutions making between half and twice as many loans) grew 7%, and the whole market 10%. Its fall was steeper than at more than nine in ten of them. Fewer refinances may explain some of it, or a choice to lend less; the figures do not show which.
Jumbo loans (larger than the conforming limit) made up 8.3% of its lending, against 2.6% at peers, a higher share than about three in four similar lenders. All its loans were conventional. None was higher-priced (a rate well above the average for similar loans); at the typical peer, 1.4% were.
Majority-minority neighborhoods took 14.4% of its loans, against 5.3% at peers, more than at about three in four similar lenders. Its share of loans to low- and moderate-income (LMI) borrowers, 24.2%, sat near the middle of the group.
It has lent in Winston-Salem since at least 1990. It ranked 40 of 465 lenders there, and its share slipped from 0.7% to 0.5%. State Employees' Credit Union led the market. A smaller loan count in a growing market may account for the lower 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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Piedmont Federal Savings Bank took 156 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.0% · Refinance 31.4% · Other 5.1% · Home improvement 2.5%
Conventional 100.0% · of 118 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 |
|---|---|---|
| North Carolina | 114 | 96.6% |
| South Carolina | 3 | 2.5% |
| Virginia | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Winston-Salem | 65 |
| Greensboro-High Point | 22 |
| Raleigh-Cary | 10 |
| Myrtle Beach-Conway-North Myrtle Beach | 2 |
| Wilmington | 2 |
| Burlington | 1 |
| Charleston-North Charleston | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Hickory-Lenoir-Morganton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DD6DH8XAGW3A86 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 864471 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 47 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1700007 | 2011–2017 |
Established 1 January 1903. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Piedmont Federal Savings Bank's data.
Piedmont Federal Savings Bank's data
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Piedmont Federal Savings Bank 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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