Applications / Mortgage Analytics / Lenders / Tennessee / Security Bank
Newbern, TN · State member bank · FRS · $230 million assets · 108 loans in 2025
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108
loans originated, 2025
113
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Bank, a small Tennessee bank, grew faster in 2025 than about nine in ten similar banks, with government-backed loans that most of them do not make.
It made 108 loans, 57% more than the 69 of 2024. Similar lenders, state member banks making between half and twice as many loans, grew by 8%, and the whole market by 10%. Part of the growth may have come from new ground: it first lent in five metro and rural markets, from Florida to Wisconsin and Kansas, in 2025. It filed no report for 2018 or for 2020 to 2022, gaps in the record rather than years without lending.
Only 68.5% of its loans were conventional, lower than at almost all similar lenders, where the typical bank makes nothing else. Loans insured by the Federal Housing Administration (FHA) made up 23.1%, and loans guaranteed by the Department of Agriculture's Rural Housing Service (RHS) 6.5%, down from 15.9% in 2024. Two-thirds of its loans were purchases.
Its lending in dollars, $18.6 million, was lower than at about four in five similar lenders, with a typical loan of $165,000, a little below the $175,000 at similar lenders. Only 5.6% of its loans were in poorer (low- and moderate-income) neighborhoods, among the lowest tenth. A rural footprint with few such neighborhoods may explain this; its share of borrowers with modest incomes, 28.1%, is near the middle.
In Jackson, Tennessee, where it has lent since 1997, it ranks 28 of 248 lenders and its share rose to 0.7% from 0.6%. Leaders Credit Union leads that market.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Security Bank took 113 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 66.7% · Refinance 22.2% · Home improvement 8.3% · Other 2.8%
Conventional 68.5% · FHA 23.1% · USDA (RHS or FSA) 6.5% · VA 1.9% · of 108 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 | 103 | 95.4% |
| Florida | 2 | 1.9% |
| Alabama | 1 | 0.9% |
| Kansas | 1 | 0.9% |
| Wisconsin | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Jackson | 37 |
| Crestview-Fort Walton Beach-Destin | 1 |
| Manhattan | 1 |
| Panama City-Panama City Beach | 1 |
| Racine-Mount Pleasant | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300PCSJGT8XU10K84 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 497851 | 2019–2023 |
| Respondent ID (the HMDA filer code before 2018) | 32391 | 1997–1997 |
| Respondent ID (the HMDA filer code before 2018) | 2497851 | 2002–2002 |
Established 1 January 1931. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Security Bank's data.
Security Bank's data
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