More bought than made
It bought 402 loans in 2025, up from 333, and made 96. Similar lenders (state non-member banks making between half and twice as many loans) typically bought none. Five years before it bought 1,629.
Applications / Mortgage Analytics / Lenders / Tennessee / Apex Bank
Apex Bank
Camden, TN · State non-member bank · FDIC · $1.4 billion assets · 96 loans in 2025
Apex Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
96
loans originated, 2025
132
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Apex Bank, a Tennessee lender, buys far more home loans than it makes, and the loans it does make lean heavily to manufactured homes and lower-income borrowers.
Manufactured homes
Manufactured homes made up 24.0% of its loans, against 3.2% at similar lenders, higher than more than nine in ten. That fits its smaller loans: a typical $130,000, against $175,000 at peers.
Lower-income borrowers and neighborhoods
Some 44.0% of its borrowers had low or moderate incomes (LMI), against 27.3% at similar lenders. And 38.5% of its loans were in LMI neighborhoods, against 18.3%. Both shares are higher than at about nine in ten similar lenders, and both rose from 2024.
Fewer loans of its own
Its originations fell 29% from 135, while similar lenders grew 9%; its change was among the lowest twentieth of peers. They peaked at 233 in 2021. More of its business may now come through loans it buys. In Knoxville, TN it ranked 158 of 599 lenders; Mortgage Investors Group led.
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
96 loans in 2025, against a peak of 233 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Apex Bank took 132 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
47.9% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 47.9% · Purchase 36.5% · Home improvement 10.4% · Other 5.2%
Conventional 100.0% · of 96 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
2 states, 8 metros, 26 counties
| State | Loans | Share |
|---|---|---|
| Tennessee | 95 | 99.0% |
| Arizona | 1 | 1.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Knoxville | 27 |
| Nashville-Davidson--Murfreesboro--Franklin | 14 |
| Morristown | 5 |
| Chattanooga | 2 |
| Kingsport-Bristol | 2 |
| Cleveland | 1 |
| Flagstaff | 1 |
| Johnson City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WZWPMDWIL12842 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 51253 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39176 | 2010–2014 |
Established 27 February 1931. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Apex Bank's data.
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