Applications / Mortgage Analytics / Lenders / Tennessee / Foundation Bank
Mc Kenzie, TN · State non-member bank · FDIC · $214 million assets · 71 loans in 2025
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71
loans originated, 2025
106
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Foundation Bank, a small Tennessee lender, grew faster than most similar banks in 2025, and almost half its loans were for something other than buying a home.
It made 71 loans, up 29% from 55. Similar lenders (state non-member banks making between half and twice as many loans) grew 9%, and the whole market 10%; its growth was higher than at about three in four of them. It filed no report for 2020 to 2022, so those years are gaps, not years without lending. It took its present name in 2024, having been McKenzie Banking Company.
Home purchases were about half its loans (52.1%). Home improvement took 12.7% and other purposes 15.5%. Manufactured homes were 9.9% of its loans, against 2.6% at its peers, higher than at more than three in four of them. Those smaller loans may explain why its typical loan, $145,000, was below its peers' $175,000.
In Jackson, Tennessee, its largest market, its share rose to 0.7% from 0.5%, and it ranked 27 of 248. Leaders Credit Union led with $132.5M. It has reported there since 2007. Elsewhere, including Nashville, its share rounds to nothing.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Foundation Bank took 106 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 52.1% · Refinance 19.7% · Other 15.5% · Home improvement 12.7%
Conventional 100.0% · of 71 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 | 68 | 95.8% |
| Georgia | 1 | 1.4% |
| Pennsylvania | 1 | 1.4% |
| South Carolina | 1 | 1.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Jackson | 27 |
| Memphis | 4 |
| Nashville-Davidson--Murfreesboro--Franklin | 3 |
| Charleston-North Charleston | 1 |
| Dalton | 1 |
| Pittsburgh | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001TKHVR1XBO7H51 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 480853 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 313955 | 2007–2017 |
Established 28 February 1934. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Foundation Bank's data.
Foundation Bank's data
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