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Cadence Bank in Mississippi

HMDA record for properties in Mississippi, calendar year 2024. National record · Mississippi overview

LEI Q7C315HKI8VX0SSKBS64
Reporting agency Consumer Financial Protection Bureau
State Mississippi

HMDA data alone cannot be used 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. Cells under 25 applications are withheld.

Cadence Bank's 2024 HMDA record for Mississippi covers 5,239 applications, 3,519 of them originated, worth $571m.

Its denial rate in the state was 22.3%, below the Mississippi rate of 30.2% across all lenders and compared with the lender's national rate of 21.0%.

The median rate spread on its Mississippi originations was 0.3 percentage points (state median 0.4).

Applications in the state were up 6% on 2023.

5,239applications in MS, 202427.4% of the lender's total
3,519loans originated$571m
22.3%denial rateMS all lenders 30.2%
0.3 ppmedian rate spreadMS 0.4 pp

Compared with the state and the lender's national record

MeasureIn MississippiMississippi, all lendersCadence Bank, all statesUnited States
Denial rate22.3%30.2%21.0%24.3%
Median rate spread, pp0.30.40.30.3
Originations with spread of 1.5 pp or more2.9%18.2%1.9%15.6%
Average originated loan$162k$189k$287k$329k
Home purchase share41.3%57.7%53.2%57.0%
FHA-insured share11.1%18.3%8.3%13.4%
VA-guaranteed share1.4%10.3%1.9%7.9%

Trend by year

ApplicationsOriginations

03190.56,3812022: 6,381 Applications2023: 4,943 Applications2024: 5,239 Applications2022: 4,472 Originations2023: 3,361 Originations2024: 3,519 Originations202220232024
Cadence Bank in Mississippi: applications and originations, 2022–2024

This lender in stateMississippi, all lenders

0%15.6%31.1%2022: 17.5% This lender in state2023: 20.8% This lender in state2024: 22.3% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Mississippi

By purpose

Home purchase 41% (1,455)Home improvement 1% (31)Refinancing 27% (961)Cash-out refinancing 2% (64)Other purpose 29% (1,008)

By type

Conventional 86% (3,030)FHA 11% (390)VA 1% (50)USDA 1% (49)

Denial reasons as coded

Debt-to-income ratio45.3%
Credit history30%
Other9.5%
Collateral7.5%
Credit application incomplete4%
Unverifiable information1.5%
Employment history1.3%
Insufficient cash (downpayment, closing costs)1.1%
Mortgage insurance denied0%

Share of 1,031 denials in Mississippi by first denial reason coded (outlined bar: all lenders in the state).

Counties in Mississippi

CountyApplicationsOriginationsAmountDenial rate
Rankin County538370$63m19.7%
DeSoto County438311$47m22.6%
Hinds County531299$45m28.9%
Harrison County423299$67m19.7%
Lee County354249$37m19.4%
Madison County352242$60m17.7%
Oktibbeha County173132$27m12.3%
Jackson County177131$29m14.1%
Lafayette County162114$25m20.8%
Forrest County165112$12m21.5%
Lowndes County14790$13m28.1%
Jones County13689$9.3m26.4%
Prentiss County13088$7.9m24.8%
Warren County11674$7.7m27.1%
Alcorn County8972$7.3m10.0%
Lamar County11568$15m27.1%
Winston County8962$6.5m22.5%
Clay County8561$5.8m21.8%
Itawamba County8856$5.8m24.7%
Pontotoc County6546$6.4m19.0%
Monroe County6643$5.6m19.6%
Grenada County5539$4.0m17.0%
Tate County5134$4.4m32.0%
Marshall County4131$4.1m17.9%
Simpson County5230$3.8m32.6%
Bolivar County4330$4.3m16.7%
Chickasaw County4529$3.3m23.1%
Tishomingo County3927$2.3m30.8%
Panola County3721$3.5m22.2%
Calhoun County2820$1.8m23.1%
Hancock County2620$3.4m—
Union County3219$2.1m30.0%
Scott County2716$1.7m36.0%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Cadence Bank originate in Mississippi in 2024?

3,519 loans totalling $571m, from 5,239 applications reported for properties in Mississippi.

What is Cadence Bank's denial rate in Mississippi?

22.3% of decided applications in Mississippi were denied, against 30.2% for all lenders in the state and 21.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Mississippi counties does Cadence Bank lend in most?

By originations: Rankin County (370), DeSoto County (311), Hinds County (299), Harrison County (299), Lee County (249).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Mississippi. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.