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First Security Bank

Batesville, MS

First Security Bank processed 180 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 162 loans with a 3.9% denial rate. Home Purchase was the primary loan purpose. Based in Batesville, MS. The approval rate of 90.0% 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 Security Bank processed 180 HMDA-reported mortgage applications in 2024, originating 162 loans and denying 7 for a denial rate of 3.9% (applicants themselves withdrew 11 files before a decision). The average loan amount was $197,278. The lender reports under LEI 2549007UK2BZOOSF6C76 from Batesville, MS.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Security Bank's 90.0% origination rate tells you how often an application turned into funded money; the 3.9% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (180 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.

180
Applications
162
Originated
3.9%
Denial Rate
$197,278
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 180 162 7 $197,278

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First Security Bank (LEI: 2549007UK2BZOOSF6C76) · 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 107 102 $280,701
Home Improvement 28 23 $50,714
Refinancing 27 21 $92,778
Other 18 16 $86,111

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 108 91.7% 1.9%
Black or African American 30 73.3% 16.7%
Asian 3 100.0% 0.0%
Joint 2 100.0% 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 137 87.6% 5.1%
Hispanic or Latino 6 100.0% 0.0%

Nearby Lenders in MS

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

Cadence Bank

Tupelo, MS

19,150 apps 12,823 originated 18.2% denied

TRUSTMARK NATIONAL BANK

JACKSON, MS

11,550 apps 8,088 originated 12.3% denied

HANCOCK WHITNEY BANK

GULFPORT, MS

5,857 apps 3,192 originated 20.9% denied

Community Bank of Mississippi

Flowood, MS

4,507 apps 3,490 originated 7.3% denied

BANKPLUS

RIDGELAND, MS

3,698 apps 2,745 originated 10.7% denied
Compare First Security Bank vs Cadence 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 Security Bank process?
First Security Bank processed 180 mortgage applications in the 2023 HMDA reporting year. Of these, 162 were originated (approved and funded), 11 were withdrawn by the applicant, and 7 were denied.
What is First Security Bank's mortgage approval rate?
First Security Bank has an approval (origination) rate of 90.0%, meaning 90.0% of all applications resulted in a funded mortgage. The denial rate is 3.9%.
What is the average loan amount at First Security Bank?
The average mortgage loan amount at First Security Bank is $197,278.
What types of mortgage loans does First Security Bank offer?
First Security Bank processes Conventional loans. The most common type is Conventional with 180 applications and an average loan amount of $197,278.
What loan purposes does First Security Bank serve?
First Security Bank serves the following loan purposes: Home Purchase (107 applications), Home Improvement (28 applications), Refinancing (27 applications), Other (18 applications). Home Purchase is the most common purpose.
Where is First Security Bank located?
First Security Bank is headquartered in Batesville, MS. The lender is identified by LEI 2549007UK2BZOOSF6C76 in HMDA data.
How does First Security Bank compare in lending across racial demographics?
First Security Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 91.7% and denial rate of 1.9%; Black or African American applicants have an approval rate of 73.3% and denial rate of 16.7%; Asian 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.