Merchants & Marine Bank
Merchants & Marine Bank received 301 applications in 2025 and made 219 mortgages, in 38 counties across 5 states. The median rate its borrowers got was 6.750% on a median loan of $195,000. Of 255 decisions, 30 were denials — 11.8%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300ZMSSTP768USP32 |
|---|---|
| Applications received | 301 |
| Mortgages made | 219 |
| Denied | 30 |
| Approved, not taken up | 6 |
| Withdrawn or incomplete | 46 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.196 points |
| FDIC-insured bank | Yes: Merchants & Marine Bank, 24 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 150 | 6.625% | $215,000 | 9.9% |
| Refinancing | 53 | 7.500% | $105,000 | 11.3% |
| Cash-out refinancing | 12 | 6.495% | $185,000 | 33.3% |
| Other purposes | 4 | Under 10 loans | Under 10 loans | 0.0% |
Where Merchants & Marine Bank lends most
The 38 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Forrest County, MS | 52 | 6.625% | 10.2% |
| Jackson County, MS | 40 | 7.563% | 12.5% |
| Lamar County, MS | 36 | 6.375% | 5.3% |
| Baldwin County, AL | 31 | 7.250% | 6.1% |
| George County, MS | 18 | 7.125% | 18.2% |
| Mobile County, AL | 6 | Under 10 loans | 11.1% |
| Hancock County, MS | 4 | Under 10 loans | 0.0% |
| Jones County, MS | 4 | Under 10 loans | 33.3% |
| St. Tammany Parish, LA | 3 | Under 10 loans | 0.0% |
| Greene County, MS | 3 | Under 10 loans | 0.0% |
| Harrison County, MS | 3 | Under 10 loans | 40.0% |
| Perry County, MS | 2 | Under 10 loans | 0.0% |
| Lee County, AL | 1 | Under 10 loans | 0.0% |
| Escambia County, FL | 1 | Under 10 loans | 0.0% |
| Okaloosa County, FL | 1 | Under 10 loans | 0.0% |
| Walton County, FL | 1 | Under 10 loans | 0.0% |
| East Baton Rouge Parish, LA | 1 | Under 10 loans | 0.0% |
| Jefferson Parish, LA | 1 | Under 10 loans | 0.0% |
| Lafayette Parish, LA | 1 | Under 10 loans | 0.0% |
| Livingston Parish, LA | 1 | Under 10 loans | 0.0% |
| Plaquemines Parish, LA | 1 | Under 10 loans | 0.0% |
| Tangipahoa Parish, LA | 1 | Under 10 loans | 0.0% |
| Adams County, MS | 1 | Under 10 loans | 0.0% |
| Marion County, MS | 1 | Under 10 loans | 50.0% |
| Oktibbeha County, MS | 1 | Under 10 loans | 0.0% |
| Rankin County, MS | 1 | Under 10 loans | 0.0% |
| Smith County, MS | 1 | Under 10 loans | 0.0% |
| Stone County, MS | 1 | Under 10 loans | 0.0% |
| Wayne County, MS | 1 | Under 10 loans | 0.0% |
| Monroe County, AL | 0 | Under 10 loans | 0.0% |
| Metcalfe County, KY | 0 | Under 10 loans | 100.0% |
| Ascension Parish, LA | 0 | Under 10 loans | Not published |
| Iberville Parish, LA | 0 | Under 10 loans | Not published |
| Jasper County, MS | 0 | Under 10 loans | 100.0% |
| Jefferson Davis County, MS | 0 | Under 10 loans | Not published |
| Lowndes County, MS | 0 | Under 10 loans | Not published |
| Pearl River County, MS | 0 | Under 10 loans | Not published |
| Walthall County, MS | 0 | Under 10 loans | 100.0% |
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When Merchants & Marine Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.