Applications / Mortgage Analytics / Lenders / Alabama / The Exchange Bank of Alabama
Altoona, AL · State non-member bank · FDIC · $392 million assets · 51 loans in 2025
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51
loans originated, 2025
62
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Exchange Bank of Alabama is a steady, purchase-led lender that ranks 10 of 190 in Gadsden, where its share rose in 2025.
It made 51 loans in 2025, up 4% from 49, close to the 5% rise at similar lenders, other state non-member banks making between half and twice as many loans. It has made between 45 and 76 loans in every year since 2018. The bank took its present name in 1991.
Purchases were 64.7% of its loans and refinances 23.5%. Its typical loan, $155,000, was close to the $165,000 at similar lenders. It made no loans on manufactured homes, against 2.6% at similar lenders.
Some 20.0% of its loans were in low- and moderate-income (LMI) neighborhoods, against 18.5% at similar lenders. A smaller share went to LMI borrowers, 23.3% against 27.3%, though up from 16.7% a year earlier. With 51 loans, a handful of loans moves these shares, so the change may say more about a small book than a shift in strategy.
The bank has lent in Gadsden since at least 1990 and ranks 10 of 190 lenders there. Its share rose from 2.4% to 3.1% as its dollar lending climbed from $11.6 million to $18.3 million. Elsewhere it is a small presence: it lent in 11 counties in 3 states, first lent in non-metro Oklahoma in 2025, and its share of every other metro rounds to 0.1% or less.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Exchange Bank of Alabama took 62 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 64.7% · Refinance 23.5% · Home improvement 7.8% · Other 3.9%
Conventional 100.0% · of 51 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 |
|---|---|---|
| Alabama | 48 | 94.1% |
| Florida | 2 | 3.9% |
| Oklahoma | 1 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Gadsden | 38 |
| Birmingham | 2 |
| Daphne-Fairhope-Foley | 2 |
| Panama City-Panama City Beach | 2 |
| Tuscaloosa | 2 |
| Anniston-Oxford | 1 |
| Auburn-Opelika | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OPZE52Y4J4QP25 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 672537 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 354 | 1990–2017 |
Established 10 March 1909. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The Exchange Bank of Alabama's data.
The Exchange Bank of Alabama's data
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The Exchange Bank of Alabama and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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