PlainLender

The First Bank

Hattiesburg, MS

The First Bank processed 1,741 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,207 loans with a 16.4% denial rate. Home Purchase was the primary loan purpose. Based in Hattiesburg, MS. The approval rate of 69.3% 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. The First Bank processed 1,741 HMDA-reported mortgage applications in 2024, originating 1,207 loans and denying 286 for a denial rate of 16.4% (applicants themselves withdrew 225 files before a decision). The average loan amount was $250,928 at a 7.478% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 5493008OE5JXNTGWD962 from Hattiesburg, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The First Bank's 69.3% origination rate tells you how often an application turned into funded money; the 16.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,442 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.

1,741
Applications
1,207
Originated
16.4%
Denial Rate
$250,928
Avg Loan Amount
Avg Interest Rate: 7.478% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,442 1,012 241 $256,366
FHA 218 132 38 $197,110
VA 45 38 2 $383,667
USDA 36 25 5 $193,056

Top loan types — The First Bank

Top loan types — The First Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — The First Bank Top 4 1. Conventional 1,442 2. FHA 218 3. VA 45 4. USDA 36 Top 5 loan types by application volume at The First 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 The First Bank (LEI: 5493008OE5JXNTGWD962) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
143
Credit history
87
Collateral
53
Other
40
Insufficient cash
15
Unverifiable information
14
Credit application incomplete
11
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 808 559 $333,639
Refinancing 443 363 $235,971
Home Improvement 284 169 $104,754
Other 171 101 $144,825
Cash-out Refinancing 35 15 $235,286

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,103 69.4% 16.6%
Black or African American 285 52.6% 27.0%
Asian 28 42.9% 25.0%
Joint 16 87.5% 0.0%
American Indian or Alaska Native 6 50.0% 50.0%

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 1,379 65.8% 18.5%
Hispanic or Latino 38 60.5% 23.7%
Joint 13 84.6% 7.7%

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 The First 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 The First Bank process?
The First Bank processed 1,741 mortgage applications in the 2023 HMDA reporting year. Of these, 1,207 were originated (approved and funded), 225 were withdrawn by the applicant, and 286 were denied.
What is The First Bank's mortgage approval rate?
The First Bank has an approval (origination) rate of 69.3%, meaning 69.3% of all applications resulted in a funded mortgage. The denial rate is 16.4%.
What is the average loan amount at The First Bank?
The average mortgage loan amount at The First Bank is $250,928. The average interest rate is 7.478%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at The First Bank?
The most common reasons for mortgage denial at The First Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 286 applications were denied out of 1,741 total applications.
What types of mortgage loans does The First Bank offer?
The First Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,442 applications and an average loan amount of $256,366.
What loan purposes does The First Bank serve?
The First Bank serves the following loan purposes: Home Purchase (808 applications), Refinancing (443 applications), Home Improvement (284 applications), Other (171 applications), Cash-out Refinancing (35 applications). Home Purchase is the most common purpose.
Where is The First Bank located?
The First Bank is headquartered in Hattiesburg, MS. The lender is identified by LEI 5493008OE5JXNTGWD962 in HMDA data.
How does The First Bank compare in lending across racial demographics?
The First Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.4% and denial rate of 16.6%; Black or African American applicants have an approval rate of 52.6% and denial rate of 27.0%; Asian applicants have an approval rate of 42.9% and denial rate of 25.0%. 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.