Applications / Mortgage Analytics / Lenders / Virginia / The Bank of Marion
Marion, VA · State member bank · FRS · $614 million assets · 331 loans in 2025
The Bank of Marion's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
331
loans originated, 2025
392
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Bank of Marion is a southwest Virginia lender of small loans that reaches poorer neighborhoods more often than most similar banks.
A quarter of its loans, 25.8%, went to low- and moderate-income (LMI) neighborhoods in 2025, against 16.6% at similar lenders (state member banks making between half and twice as many loans). That is higher than at more than eight in ten of them, and up from 13.9% five years before. LMI borrowers took 34.8% of its loans, against 27.5% at peers.
Its typical loan was $125,000, against $195,000 at similar lenders, smaller than at more than four in five. Manufactured homes, which cost less than site-built ones, made up 9.7% of its loans, against 1.5% at peers. Every loan was conventional, with no government backing.
It has lent in Kingsport-Bristol since 1991 and ranks 14 of 324 lenders there, with 1.6% of the market. Eastman Credit Union leads. Its share edged down from 1.7%. In Blacksburg-Christiansburg-Radford it fell from 0.8% to 0.3%, a market where it is a small player and a few loans move the figure.
It made 331 loans in 2025, the same as in 2024, while similar lenders grew 7% and the whole market 10%. Its peak in recent years was 504 loans in 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 Bank of Marion took 392 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 48.6% · Refinance 28.4% · Other 16.0% · Home improvement 6.9%
Conventional 100.0% · of 331 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 |
|---|---|---|
| Virginia | 310 | 93.7% |
| Tennessee | 20 | 6.0% |
| South Carolina | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Kingsport-Bristol | 125 |
| Blacksburg-Christiansburg-Radford | 17 |
| Johnson City | 3 |
| Roanoke | 2 |
| Arlington-Alexandria-Reston | 1 |
| Charleston-North Charleston | 1 |
| Harrisonburg | 1 |
| Lynchburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900V7NEE9M236MZ98 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 858528 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39507 | 1991–1991 |
| Respondent ID (the HMDA filer code before 2018) | 2858528 | 1992–2017 |
Established 13 April 1874. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: The Bank of Marion's data.
The Bank of Marion's data
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The Bank of Marion 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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