Small loans
Its typical loan was $90,000, about half the $170,000 of the typical similar lender, a state non-member bank making between half and twice as many loans. That was lower than about nine in ten of them. Its loans totaled $5.3 million.
Applications / Mortgage Analytics / Lenders / Alabama / First State Bank of the South
First State Bank of the South
Sulligent, AL · State non-member bank · FDIC · $130 million assets · 36 loans in 2025
First State Bank of the South's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
36
loans originated, 2025
38
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank of the South, a small bank in Sulligent, Alabama, makes small conventional loans across rural Alabama and Mississippi, and its lending held steady at 36 loans in 2025.
Many purposes besides buying
Purchases made up 41.7% of its lending and refinances 33.3%. Other purposes took 13.9% and home improvement 11.1%, and 8.3% of its loans were for manufactured homes. Loans of these kinds tend to be smaller, which may account for part of its small typical loan. All of its loans were conventional.
Flat, with gaps
It made 36 loans in 2025 and 37 the year before, against 46 at the typical similar lender. It filed no report from 2020 to 2022; since 2020 a bank making fewer than 100 closed-end loans a year need not report, so those years are gaps in the record, not years without lending. It made 52 loans in 2023.
A country bank
It lends in ten counties in two states. Its largest market is non-metro Alabama, where it ranked 204 of 523 lenders; it has lent there since 2009. Its share of Tuscaloosa was 0.1%. In 2025 it made its first loans in Decatur.
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
36 loans in 2025, against a peak of 52 in 2023.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. First State Bank of the South took 38 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
41.7% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 41.7% · Refinance 33.3% · Other 13.9% · Home improvement 11.1%
Conventional 100.0% · of 36 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, 3 metros, 10 counties
| State | Loans | Share |
|---|---|---|
| Alabama | 34 | 94.4% |
| Mississippi | 2 | 5.6% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Tuscaloosa | 6 |
| Huntsville | 4 |
| Decatur | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZABGDYBUG68F18 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 250430 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 321050 | 2009–2017 |
Established 20 April 1973. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: First State Bank of the South's data.
The data and the software behind these pages
First State Bank of the South's data
$215
First State Bank of the South 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.
Buy First State Bank of the South's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]