Doubling up
It made 82 loans, up 116% on 2024, faster growth than almost all similar lenders, national banks making between half and twice as many loans. The whole market grew 10%. Its volume swings, though: it made 100 loans in 2022 and 38 in 2024.
Applications / Mortgage Analytics / Lenders / Florida / Pibank
Pibank
Coral Gables, FL · National bank · OCC · $1.6 billion assets · 82 loans in 2025
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82
loans originated, 2025
128
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Pibank, a Coral Gables bank, more than doubled its home lending in 2025, mostly large purchase loans, many of them in majority-minority neighborhoods.
Big purchase loans
Its typical loan was $405,000, against $185,000 at similar lenders, and 17.5% of its loans were jumbo (larger than the conforming limit), against 2.9%. Purchases made up 70.7% of its lending and the rest were refinances. All were conventional.
A Miami lender
Some 68.3% of its loans were in majority-minority neighborhoods, against 7.7% at similar lenders, higher than nearly all of them. Miami-Fort Lauderdale-West Palm Beach is its largest market, where it ranks 160 of 937 lenders and has reported since 1991. The makeup of the places it serves may explain the gap.
Few borrowers of modest means
Only 1.3% of its loans went to low- and moderate-income borrowers, against 23.0% at similar lenders. Its large loans and jumbo lending are a possible reason: such loans tend to go to higher earners. Its share in poorer neighborhoods fell to 7.3% from 26.3%, though the earlier figure rested on only 38 loans.
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
82 loans in 2025, against a peak of 100 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Pibank took 128 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
70.7% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 70.7% · Refinance 29.3%
Conventional 100.0% · of 82 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, 10 counties
| State | Loans | Share |
|---|---|---|
| Florida | 77 | 93.9% |
| Texas | 5 | 6.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Miami-Miami Beach-Kendall | 33 |
| Orlando-Kissimmee-Sanford | 27 |
| Fort Lauderdale-Pompano Beach-Sunrise | 6 |
| Lakeland-Winter Haven | 6 |
| Houston-Pasadena-The Woodlands | 5 |
| Deltona-Daytona Beach-Ormond Beach | 2 |
| West Palm Beach-Boca Raton-Delray Beach | 2 |
| Cape Coral-Fort Myers | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900DON8SDKGYIL122 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 44433 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 118283 | 1991–2017 |
Established 2 July 1984. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Pibank's data.
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