PlainLender

First Metro Bank

Muscle Shoals, AL

First Metro Bank processed 191 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 149 loans with a 13.1% denial rate. Home Purchase was the primary loan purpose. Based in Muscle Shoals, AL. The approval rate of 78.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. First Metro Bank processed 191 HMDA-reported mortgage applications in 2024, originating 149 loans and denying 25 for a denial rate of 13.1% (applicants themselves withdrew 13 files before a decision). The average loan amount was $154,843. The lender reports under LEI 549300W8Q4KZC8LMAV19 from Muscle Shoals, AL.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Metro Bank's 78.0% origination rate tells you how often an application turned into funded money; the 13.1% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (188 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

191
Applications
149
Originated
13.1%
Denial Rate
$154,843
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 188 149 23 $155,798
VA 2 0 1 $110,000
FHA 1 0 1 $65,000

Top loan types — First Metro Bank

Top loan types — First Metro Bank Horizontal bar chart of the top 3 items by value (applications). Top loan types — First Metro Bank Top 3 1. Conventional 188 2. VA 2 3. FHA 1 Top 5 loan types by application volume at First Metro Bank (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First Metro Bank (LEI: 549300W8Q4KZC8LMAV19) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 89 73 $219,719
Refinancing 52 37 $140,769
Home Improvement 28 23 $54,286
Other 22 16 $53,636

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 151 76.8% 13.9%
Black or African American 11 45.5% 36.4%
Joint 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 138 73.9% 15.2%
Hispanic or Latino 23 78.3% 17.4%
Joint 2 100.0% 0.0%

Nearby Lenders in AL

Other HMDA-reporting lenders in AL with similar activity. Compare any two side-by-side.

REGIONS BANK

BIRMINGHAM, AL

70,436 apps 29,337 originated 39.6% denied

CSL Financial LLC

Birmingham, AL

10,109 apps 1,011 originated 60.3% denied

REDSTONE FEDERAL CREDIT UNION

HUNTSVILLE, AL

5,601 apps 3,166 originated 21.9% denied

TJC MORTGAGE INC

BIRMINGHAM, AL

2,788 apps 1,704 originated 3.2% denied

ALL IN CREDIT UNION

DOTHAN, AL

2,355 apps 1,018 originated 32.0% denied
Compare First Metro Bank vs REGIONS BANK →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did First Metro Bank process?
First Metro Bank processed 191 mortgage applications in the 2023 HMDA reporting year. Of these, 149 were originated (approved and funded), 13 were withdrawn by the applicant, and 25 were denied.
What is First Metro Bank's mortgage approval rate?
First Metro Bank has an approval (origination) rate of 78.0%, meaning 78.0% of all applications resulted in a funded mortgage. The denial rate is 13.1%.
What is the average loan amount at First Metro Bank?
The average mortgage loan amount at First Metro Bank is $154,843.
What types of mortgage loans does First Metro Bank offer?
First Metro Bank processes Conventional, VA, FHA loans. The most common type is Conventional with 188 applications and an average loan amount of $155,798.
What loan purposes does First Metro Bank serve?
First Metro Bank serves the following loan purposes: Home Purchase (89 applications), Refinancing (52 applications), Home Improvement (28 applications), Other (22 applications). Home Purchase is the most common purpose.
Where is First Metro Bank located?
First Metro Bank is headquartered in Muscle Shoals, AL. The lender is identified by LEI 549300W8Q4KZC8LMAV19 in HMDA data.
How does First Metro Bank compare in lending across racial demographics?
First Metro Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.8% and denial rate of 13.9%; Black or African American applicants have an approval rate of 45.5% and denial rate of 36.4%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.