Local Bank reported 461 applications for homes in Alabama in the HMDA data of 2025.
It originated 366 loans in the state in 2025, for $107 million in total.
The median interest rate of these loans in 2025 was 6.562%, and the median of all lenders in Alabama was 6.375%.
The median total loan costs in 2025 were $8,412, and the state median was $5,942.
It denied 0.8% of the applications that it decided in the state in 2025, and the state denial rate was 25.0%.
Filed figures of Local Bank in Alabama, 2025
Figure
In AL
Lender, all states
AL, all lenders
Applications
461
654
207,840
Loans originated
366
514
115,118
Median interest rate
6.562%
6.625%
6.375%
Median total loan costs
$8,412
$8,532
$5,942
Denial rate
0.8%
1.3%
25.0%
HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
Pricing medians of Local Bank in Alabama, 2025Each value has the median of all lenders in Alabama under it.
Loans
Loans in the medians
Interest rate
Total loan costs
Origination charges
Discount points, of the loans with points
Lender credits, of the loans with credits
Rate spread, points
All loans in AL
340
6.562%AL 6.375%
$8,412AL $5,942
$3,882AL $2,264
$2,920AL $2,420
$30AL $226
0.434AL 0.221
Medians are for originated closed-end loans with a first lien. Reverse mortgages, open-end lines of credit and loans for a business purpose are not in the medians. A median needs 20 loans.
The median rate spread was 0.434 percentage points above the average prime offer rate. On a loan of $300,000, that is about $1,302 more a year, or $109 more a month.
The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different.
Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025
Data date
HMDA year . Page made .
Provenance
The figures come from the public HMDA loan/application register of 2022 to 2025. They are the records of this LEI for homes in Alabama. This site withholds a figure with fewer than 25 applications. Method of the figures. Terms. Report an error.
Questions
What share of the loans of Local Bank were in Alabama in 2025?
366 of its loans originated, out of 514 in all states. That is 71.2%.
In which counties of Alabama did Local Bank originate the most loans in 2025?
The three with the most loans were Mobile County (88), Marshall County (84) and Baldwin County (59).
Which loan types did Local Bank originate in Alabama in 2025?
176 conventional, 143 FHA, 30 VA and 17 USDA.
What share of the applications in Alabama did Local Bank report in 2025?
0.2%: 461 out of 207,840 applications of all lenders in the state.