PlainLender

First State Bank of the Southeast, Inc

Middlesboro, KY

First State Bank of the Southeast, Inc processed 132 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 79 loans with a 15.2% denial rate. Home Purchase was the primary loan purpose. Based in Middlesboro, KY. The approval rate of 59.8% 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 State Bank of the Southeast, Inc processed 132 HMDA-reported mortgage applications in 2024, originating 79 loans and denying 20 for a denial rate of 15.2% (applicants themselves withdrew 27 files before a decision). The average loan amount was $261,818. The lender reports under LEI 254900KPOZQ8VODWDS72 from Middlesboro, KY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 State Bank of the Southeast, Inc's 59.8% origination rate tells you how often an application turned into funded money; the 15.2% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (127 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.

132
Applications
79
Originated
15.2%
Denial Rate
$261,818
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 127 79 19 $263,110
USDA 4 0 1 $237,500
FHA 1 0 0 $195,000

Top loan types — First State Bank of the Southeast, Inc

Top loan types — First State Bank of the Southeast, Inc Horizontal bar chart of the top 3 items by value (applications). Top loan types — First State Bank of the Southeast, Inc Top 3 1. Conventional 127 2. USDA 4 3. FHA 1 Top 5 loan types by application volume at First State Bank of the Southeast, Inc (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 State Bank of the Southeast, Inc (LEI: 254900KPOZQ8VODWDS72) · 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 92 58 $310,326
Refinancing 27 14 $182,407
Home Improvement 7 4 $80,714
Other 6 3 $86,667

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 104 59.6% 14.4%
Asian 4 50.0% 0.0%
Black or African American 2 0.0% 50.0%
Joint 1 0.0% 100.0%

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 107 58.9% 14.0%
Joint 1 100.0% 0.0%

Nearby Lenders in KY

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

STOCKTON MORTGAGE CORPORATION

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

FARM CREDIT MID-AMERICA, ACA

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

MAGNOLIA BANK

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

REPUBLIC BANK & TRUST

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare First State Bank of the Southeast, Inc vs STOCKTON MORTGAGE CORPORATION →

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

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Frequently Asked Questions

How many mortgage applications did First State Bank of the Southeast, Inc process?
First State Bank of the Southeast, Inc processed 132 mortgage applications in the 2023 HMDA reporting year. Of these, 79 were originated (approved and funded), 27 were withdrawn by the applicant, and 20 were denied.
What is First State Bank of the Southeast, Inc's mortgage approval rate?
First State Bank of the Southeast, Inc has an approval (origination) rate of 59.8%, meaning 59.8% of all applications resulted in a funded mortgage. The denial rate is 15.2%.
What is the average loan amount at First State Bank of the Southeast, Inc?
The average mortgage loan amount at First State Bank of the Southeast, Inc is $261,818.
What types of mortgage loans does First State Bank of the Southeast, Inc offer?
First State Bank of the Southeast, Inc processes Conventional, USDA, FHA loans. The most common type is Conventional with 127 applications and an average loan amount of $263,110.
What loan purposes does First State Bank of the Southeast, Inc serve?
First State Bank of the Southeast, Inc serves the following loan purposes: Home Purchase (92 applications), Refinancing (27 applications), Home Improvement (7 applications), Other (6 applications). Home Purchase is the most common purpose.
Where is First State Bank of the Southeast, Inc located?
First State Bank of the Southeast, Inc is headquartered in Middlesboro, KY. The lender is identified by LEI 254900KPOZQ8VODWDS72 in HMDA data.
How does First State Bank of the Southeast, Inc compare in lending across racial demographics?
First State Bank of the Southeast, Inc reports demographic lending data under HMDA requirements. White applicants have an approval rate of 59.6% and denial rate of 14.4%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 0.0% and denial rate of 50.0%. 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.