Mostly refinances
Refinances made up 52.6% of its loans and home purchases 38.9%, 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 / Georgia / Exchange Bank
Exchange Bank
Milledgeville, GA · State non-member bank · FDIC · $425 million assets · 95 loans in 2025
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95
loans originated, 2025
131
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Exchange Bank, a Georgia refinance lender, makes nearly half its loans in majority-minority areas; its 95 loans in 2025 were 19% more than in 2024.
Many manufactured homes
Manufactured homes made up 14.7% of its loans, against 3.1% at peers, higher than at most similar lenders.
Minority and poorer areas
Majority-minority areas took 47.4% of its loans, against 6.3% at peers, higher than at about nine in ten similar lenders. Low- and moderate-income (LMI) areas took 30.3%, against 18.3%. Both shares have risen since 2020, when they were 14.8% and 8.6%.
Growth after a long fall
Its loans rose from 80 to 95, against 9% growth at peers. That follows a fall from 433 in 2020. For a lender doing mostly refinances, the slowdown in refinancing since 2020 may explain it; the data do not show which loans fell. In Macon-Bibb County it ranked 63 of 328 lenders with an unchanged 0.3%, and it first lent in Columbus in 2025.
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
95 loans in 2025, against a peak of 433 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Exchange Bank took 131 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
52.6% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 52.6% · Purchase 38.9% · Other 5.3% · Home improvement 3.2%
Conventional 100.0% · of 95 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, 7 metros, 20 counties
| State | Loans | Share |
|---|---|---|
| Georgia | 94 | 98.9% |
| South Carolina | 1 | 1.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Macon-Bibb County | 14 |
| Atlanta-Sandy Springs-Roswell | 5 |
| Warner Robins | 4 |
| Athens-Clarke County | 1 |
| Brunswick-St. Simons | 1 |
| Columbus | 1 |
| Hilton Head Island-Bluffton-Port Royal | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493000I54FJ7EG6WZ24 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 613839 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3160 | 1999–2017 |
Established 1 June 1903. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Exchange Bank's data.
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