The catalogue › United States › South Central

The regional note · prepared 8 September 2026

South Central

561 banks and 507 credit unions read from their latest filings, every state in the South Central states ranked against the others and the largest institutions against each other.

Small-business lending ↓

The states Kentucky · Tennessee · Alabama · Mississippi · Arkansas · Louisiana

Banks

561 banks filing across 6 states · read from the 30 June 2026 Call Report

561

banks filing

$1.03T in assets

+13.7%

Loans, year over year

on the banks filing at both dates

30.1%

CRE / loans

in aggregate

84%

Loans / deposits

in aggregate

0.82%

Noncurrent / loans

+4 bps on a year earlier

11.5%

Equity / assets

in aggregate

The South Central states's 561 banks hold $1.03T in assets at 30 June 2026, across 6 states. Regions Bank is the largest at $160B, and the five largest hold 44% of the total; 122 institutions are above $1B, holding $875B. Tennessee holds the most, $318B.

Loans grew +13.7% in the year on the banks filing at both dates, fastest in Tennessee at +37.4% and slowest in Alabama at +3.8%. Noncurrent loans are 0.82% of the book, up 4 basis points on a year earlier; the rate rose in 4 states and fell in 2, rising most in Arkansas (+26 bps) and highest outright in Louisiana at 1.16%.

By category, farmland loans went late the most, the noncurrent rate +23 bps to 1.11%, then construction & land (+19 bps to 0.62%); consumer improved the most, -10 bps. Commercial real estate is 30.1% of loans in aggregate, heaviest in Arkansas at 41.4%; the banks lend 84% of their deposits, and equity is 11.5% of assets.

The largest banks, by size

the twenty largest in each band headquartered in the South Central states; each has its own read in the catalogue

Under $1B: the 20 largest of 438banks headquartered in the South Central states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Tennessee State Bank	TN	$991M	+8.0%	48.3%	81%	0.11%	1.21%	8.6%
2	Farmers National Bank of Danville	KY	$990M	+5.2%	26.7%	95%	1.78%	1.32%	9.9%
3	First National Bankers Bank	LA	$983M	-3.1%	59.2%	142%	0.78%	0.83%	16.8%
4	Resource Bank	LA	$981M	+4.7%	51.4%	103%	0.05%	1.47%	12.3%
5	First Security Bank	MS	$977M	+9.8%	30.2%	72%	0.55%	1.30%	8.6%
6	Diamond Bank	AR	$957M	+7.4%	14.9%	90%	0.58%	1.39%	8.7%
7	Central Bank	AR	$955M	+19.2%	29.8%	110%	4.76%	1.07%	9.2%
8	First National Bank of Middle Tennessee	TN	$952M	+10.4%	28.9%	96%	0.22%	1.03%	9.8%
9	First State Bank	MS	$952M	+20.0%	33.4%	64%	1.18%	0.35%	9.6%
10	Stone Bank	AR	$951M	+9.2%	21.0%	98%	1.04%	1.61%	7.9%
11	First Community Bank of Tennessee	TN	$944M	+15.0%	34.6%	101%	0.75%	0.70%	9.4%
12	Farmers Bank	TN	$943M	+5.3%	38.3%	79%	0.53%	1.61%	13.8%
13	FNB Oxford Bank	MS	$940M	+14.4%	50.5%	68%	0.13%	0.82%	11.2%
14	First Commerce Bank	TN	$935M	+8.7%	36.2%	87%	0.08%	1.87%	10.5%
15	West Alabama Bank & Trust	AL	$929M	+1.4%	29.2%	75%	0.44%	1.27%	10.5%
16	Legends Bank	TN	$928M	+6.5%	41.8%	81%	0.00%	1.02%	9.6%
17	American Bank & Trust Co. Inc	KY	$924M	+2.6%	48.8%	93%	1.22%	1.03%	9.1%
18	Century Next Bank	LA	$916M	+7.5%	44.4%	84%	0.12%	1.72%	12.3%
19	Paragon Bank	TN	$908M	+9.0%	33.9%	107%	0.18%	0.89%	8.5%
20	First Southern State Bank	AL	$893M	+5.5%	27.9%	62%	0.25%	1.41%	9.0%

$1B to $3B: the 20 largest of 84banks headquartered in the South Central states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Bryant Bank	AL	$2.94B	-2.8%	43.9%	57%	0.07%	1.58%	9.4%
2	Bank Independent	AL	$2.86B	+0.4%	40.5%	75%	0.22%	0.64%	10.2%
3	Home Federal Bank of Tennessee	TN	$2.73B	+13.7%	29.7%	70%	3.92%	0.31%	16.8%
4	Planters Bank & Trust Co.	MS	$2.71B	+41.5%	41.8%	79%	0.61%	1.21%	11.6%
5	First National Bank	AR	$2.59B	+5.5%	35.6%	99%	0.19%	1.19%	11.6%
6	Traditional Bank Inc	KY	$2.44B	+6.8%	44.8%	78%	0.25%	1.16%	8.8%
7	Commercial Bank	TN	$2.36B	+8.4%	44.3%	101%	0.35%	1.87%	11.1%
8	First National Bank of Fort Smith	AR	$2.31B	-0.1%	47.5%	78%	0.44%	2.00%	12.3%
9	Builtwell Bank	TN	$2.28B	+22.8%	46.2%	78%	0.57%	2.08%	12.0%
10	South Central Bank Inc	KY	$2.26B	+11.9%	37.9%	91%	0.30%	1.38%	9.0%
11	Bank of Tennessee	TN	$2.25B	+16.1%	47.0%	101%	0.45%	1.76%	8.8%
12	Oakworth Capital Bank	AL	$2.13B	+15.4%	24.4%	98%	0.68%	1.17%	9.1%
13	First Financial Bank	AR	$2.04B	+13.8%	16.6%	103%	3.64%	2.16%	11.4%
14	Farmers & Merchants Bank	AR	$2.02B	+5.9%	34.6%	83%	0.39%	1.05%	11.2%
15	Heritage Bank Inc	KY	$1.99B	+2.8%	47.0%	68%	0.47%	1.05%	7.2%
16	Planters Bank Inc	KY	$1.96B	-3.2%	45.1%	86%	0.11%	1.27%	11.8%
17	Citizens National Bank	TN	$1.96B	+4.3%	58.6%	76%	0.04%	2.00%	9.8%
18	Whitaker Bank	KY	$1.93B	+6.2%	30.5%	68%	0.21%	1.38%	11.5%
19	Citizens National Bank of Meridian	MS	$1.89B	+5.3%	43.2%	81%	0.87%	1.56%	10.3%
20	Independent Bank	TN	$1.85B	+3.6%	16.7%	82%	0.85%	1.30%	10.5%

$3B to $10B: the 20 largest of 25banks headquartered in the South Central states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	B1bank	LA	$8.89B	+10.2%	37.0%	92%	1.26%	1.19%	12.2%
2	First Security Bank	AR	$8.58B	+7.3%	53.6%	68%	0.14%	1.77%	14.1%
3	Bankplus	MS	$8.38B	+4.5%	32.5%	87%	0.64%	1.27%	11.2%
4	Republic Bank & Trust Co.	KY	$7.05B	+1.1%	25.8%	97%	0.56%	2.12%	15.4%
5	Community Trust Bank Inc	KY	$6.95B	+9.0%	29.4%	90%	0.58%	1.62%	13.1%
6	Smartbank	TN	$6.11B	+13.6%	38.4%	87%	0.24%	1.12%	10.8%
7	Wilson Bank & Trust	TN	$5.98B	+4.5%	42.2%	84%	0.63%	1.45%	10.1%
8	Community Bank of Mississippi	MS	$5.09B	+8.9%	26.8%	76%	0.25%	1.10%	8.5%
9	River Bank & Trust	AL	$4.02B	+11.3%	22.3%	82%	0.48%	1.47%	8.8%
10	Central Bank & Trust Co.	KY	$4.01B	+5.3%	45.8%	97%	0.21%	1.26%	12.5%
11	First Guaranty Bank	LA	$3.89B	-26.8%	40.0%	51%	2.30%	0.39%	6.7%
12	Gulf Coast Bank & Trust Co.	LA	$3.86B	+11.4%	23.2%	85%	1.60%	1.10%	8.4%
13	Investar Bank National Association	LA	$3.85B	+45.3%	30.0%	95%	0.63%	1.18%	11.5%
14	Independence Bank of Kentucky	KY	$3.83B	+1.1%	26.4%	71%	0.12%	1.14%	8.3%
15	Encore Bank	AR	$3.70B	-6.9%	40.2%	81%	0.17%	0.38%	8.4%
16	First Community Bank	AR	$3.63B	+12.4%	30.3%	103%	0.31%	1.32%	7.8%
17	Home Bank National Association	LA	$3.60B	+0.5%	34.3%	90%	0.95%	1.37%	13.6%
18	Southeast Bank	TN	$3.58B	+8.0%	24.0%	97%	2.66%	0.74%	8.6%
19	Red River Bank	LA	$3.31B	+5.7%	30.3%	78%	0.11%	1.45%	11.3%
20	Bankfirst Financial Services	MS	$3.31B	+23.9%	33.7%	80%	0.77%	1.09%	13.3%

$10B to $20B: the 5 largest of 5banks headquartered in the South Central states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Trustmark Bank	MS	$19.19B	+3.9%	35.5%	88%	1.14%	1.33%	11.6%
2	Servisfirst Bank	AL	$18.34B	+9.3%	46.1%	99%	1.18%	1.88%	10.9%
3	Firstbank	TN	$16.76B	+30.4%	37.8%	91%	1.40%	1.47%	11.7%
4	Stock Yards Bank & Trust Co.	KY	$10.36B	+15.1%	36.0%	93%	0.31%	1.62%	12.0%
5	Origin Bank	LA	$10.18B	+5.0%	34.4%	93%	0.97%	1.22%	11.7%

Over $20B: the 9 largest of 9banks headquartered in the South Central states, 30 June 2026; navy, the stronger half of each column; amber, the weaker; a name links to the bank's own read

	Bank	State	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	ROA	Equity / assets
1	Regions Bank	AL	$159.79B	+2.6%	10.9%	76%	0.93%	1.45%	11.2%
2	Pinnacle Bank	TN	$128.79B	+137.8%	30.8%	87%	0.48%	0.90%	11.5%
3	First Horizon Bank	TN	$84.12B	+3.4%	20.9%	96%	0.83%	1.38%	11.2%
4	Bank Ozk	AR	$41.70B	-1.3%	53.1%	96%	0.92%	1.61%	15.1%
5	Hancock Whitney Bank	MS	$36.33B	+4.9%	24.2%	82%	0.57%	1.00%	12.0%
6	Arvest Bank	AR	$28.05B	+7.0%	29.3%	83%	0.86%	0.53%	8.4%
7	Renasant Bank	MS	$26.99B	+2.7%	41.8%	88%	0.96%	1.40%	15.4%
8	Simmons Bank	AR	$24.73B	+5.6%	46.3%	91%	0.92%	1.19%	13.1%
9	Centennial Bank	AR	$24.55B	+12.9%	47.6%	87%	0.55%	2.03%	17.2%

Noncurrent loans, share of loans, by stateevery bank in the state summed, 30 June 2026; 90 days or more past due and still accruing, plus nonaccrual, over loans; darker is higher

Louisiana carries the highest rate at 1.16%, then Alabama at 0.95%; Kentucky the lowest at 0.55%. The South Central states in aggregate sits at 0.82%.

Where noncurrent loans rose, and where they fellthe change in the rate on 30 June 2025, in basis points; amber rose, navy fell

The rate rose in 4 of 6 states and fell in 2. It rose most in Arkansas (+26 bps) and Kentucky (+11 bps), and fell most in Louisiana (-12 bps).

Where borrowers are going late, by loan categorythe noncurrent rate on each category a year ago and now, every bank in the South Central states summed; the widest rise first; from Schedule RC-N as FDIC serves it; a small category moves on a few loans

Farmland loans deteriorated the most, +23 bps to 1.11% noncurrent; construction & land +19 bps to 0.62%. 3 of the 11 categories improved. The highest rate outright among the categories that matter to the book is farmland at 1.11%.

The delinquency ladder by categoryeach category's balance and the share of it 30 to 89 days past due, 90 days or more and still accruing, and on nonaccrual; noncurrent is the last two together, with its change on a year earlier

Category	Balance	30 to 89	90+	Nonaccrual	Noncurrent	YoY
Construction & land	$62.8B	0.27%	0.04%	0.58%	0.62%	+19 bps
Multifamily	$37.8B	0.04%	0.01%	0.49%	0.50%	+10 bps
Nonfarm nonresidential	$199B	0.26%	0.03%	0.81%	0.84%	+4 bps
1-4 family residential	$170B	0.73%	0.27%	0.76%	1.03%	+8 bps
Home equity lines	$25.6B	0.56%	0.09%	0.70%	0.80%	+4 bps
Commercial & industrial	$135B	0.29%	0.06%	0.85%	0.91%	+1 bps
Consumer	$30.6B	1.15%	0.48%	0.36%	0.85%	-10 bps
Credit card	$2.5B	1.44%	1.13%	0.15%	1.28%	+5 bps
Auto	$5.2B	1.68%	0.11%	0.57%	0.68%	-28 bps
Agricultural production	$6.0B	0.02%	0.00%	0.03%	0.03%	-0 bps
Farmland	$15.6B	0.63%	0.08%	1.03%	1.11%	+23 bps
All loans and leases	$720B	0.40%	0.11%	0.71%	0.82%	+4 bps

The noncurrent rate by category since 2008each category's noncurrent share of its own balance, quarterly, every bank in the South Central states summed; bold, the category rising most this year

Construction & land peaked at 14.2% in 2010 and stands at 0.62% now, 4% of that peak. The scale of the last cycle is the point of the chart: every category's rate today sits against where it went then.

Loans, year over year, by state30 June 2026 against a year earlier on the banks filing at both dates; no better direction

Tennessee grew fastest at +37.4%, 81% of the added loans in one institution, Pinnacle Bank, whose book went from $37.3B to $88.7B in the year; 4 states grew faster than 5% and 0 shrank, Alabama the most at +3.8%.

Commercial real estate, share of loans, by stateconstruction, multifamily and non-owner-occupied nonresidential over loans, every bank in the state summed, 30 June 2026

Arkansas is the most CRE-weighted at 41.4% of loans, then Mississippi at 32.4%; 4 states sit above 30%, against 30.1% in aggregate.

Early delinquency: 30 to 89 days past due, by stateloans 30 to 89 days past due and still accruing, over loans, every bank in the state summed, 30 June 2026; the leading edge of the ladder

Louisiana has the most loans in the early bucket at 0.64%; the aggregate is 0.40%. Loans here are a quarter or two ahead of the noncurrent figure above, which is why the two maps are read together.

What the South Central states' banks lendthe loan book of every bank summed by category as filed, 30 June 2026

1-4 family residential, closed-end is the largest category at 20.0% of $720B in loans, then Commercial & industrial at 18.7% and Nonfarm nonresidential, non-owner-occupied at 16.2%.

Who holds the South Central states' bank assetseach institution's share of the $1.03T the region's 561 hold; the largest first, amber in the catalogue

Regions Bank holds 15.5% of the total; the five largest hold 44%, and 122 of the 561 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve

44% of the assets sit in 0.9% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

The consolidation: banks filing since 2008the count of banks filing each quarter from the South Central states; assets at the ends in the read

973 banks filed in 2008 Q1 holding $574B; 561 file now holding $1.03T. 42% fewer charters hold 79% more in assets.

Noncurrent loans since 2008every bank in the South Central states summed, quarterly

The rate peaked at 4.28% in 2010 and stands at 0.82%, 19% of that peak.

Loans, year over year: banks over $1B30 June 2026 against a year earlier; the fastest fifteen; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 122 · amber, in the catalogue

FM Bank & Trust (Arkansas) grew fastest at +140.8%; the median among banks over $1B is +6.0%. A jump this size is usually an acquisition or a charter's first full year, both visible in the institution's own filing.

Commercial real estate, share of loans: banks over $1B30 June 2026; construction, multifamily and non-owner-occupied nonresidential; the fifteen heaviest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 122 · amber, in the catalogue

Citizens National Bank (Tennessee) is the most CRE-weighted at 58.6% of loans; 7 of the 122 are above half the book.

Nonperforming loans, share of loans: banks over $1B30 June 2026; the fifteen highest, as each filed; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 122 · amber, in the catalogue

Home Federal Bank of Tennessee (Tennessee) carries the highest rate at 3.92%; 8 of the 122 are above 2%, and the median is 0.55%. A rate is a filed fact, not a finding; the allowance beside it and the trend behind it are on the institution's own page where it is in the catalogue.

Loans to deposits: banks over $1B30 June 2026; the fifteen highest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 122 · amber, in the catalogue

7 of the 122 lend more than they hold in deposits, Financial Federal Bank (Tennessee) the furthest at 123%; the median is 83%.

Return on assets: banks over $1B30 June 2026; the fifteen highest; excluding card, consumer, mortgage, trust and industrial charters · the 15 highest of 122 · amber, in the catalogue

Crescent Bank (Louisiana) earns the most at 8.17%; 8 of the 122 earn under 0.50%, and the median is 1.27%.

Every state, 30 June 2026largest first; navy, the stronger half of each column; amber, the weaker; darker at the ends; growth on the institutions filing at both dates

State	Banks	Assets	Loans YoY	CRE / loans	Loans / deposits	Noncurrent	YoY	30 to 89 days	ROA, median	Equity / assets
Tennessee	109	$318B	+37.4%	29.1%	88%	0.70%	-4 bps	0.28%	1.09%	11.2%
Alabama	93	$230B	+3.8%	18.8%	77%	0.95%	+3 bps	0.44%	1.08%	10.9%
Arkansas	78	$184B	+5.7%	41.4%	88%	0.84%	+26 bps	0.37%	1.22%	12.6%
Mississippi	57	$130B	+6.4%	32.4%	82%	0.85%	+5 bps	0.49%	1.13%	12.2%
Kentucky	120	$84.9B	+6.4%	31.1%	85%	0.55%	+11 bps	0.46%	1.25%	10.9%
Louisiana	104	$82.7B	+4.3%	32.3%	80%	1.16%	-12 bps	0.64%	1.19%	11.6%

Five years, 2021 to 2026the 558 institutions filing at both dates; dollars as growth, ratios in points

	2021	2026	Change
Loans, in total	$466B	$720B	+54%
Deposits, in total	$651B	$857B	+32%
NPA / loans, median	0.51%	0.61%	+0.09 pts
Efficiency, median	65.0%	63.7%	-1.3 pts
ROA, median	1.10%	1.18%	+0.08 pts

Credit unions

507 credit unions filing across 6 states · read from the 31 March 2026 NCUA 5300

507

credit unions filing

$137B in assets

+6.4%

Loans, year over year

on the credit unions filing at both dates

10.5%

Member business loans / loans

in aggregate

79%

Loans / shares

in aggregate

0.72%

Delinquent / loans

+1 bps on a year earlier

12.7%

Net worth / assets

in aggregate

The South Central states's 507 credit unions hold $137B in assets at 31 March 2026, across 6 states. Eastman is the largest at $10.1B, and the five largest hold 25% of the total; 32 institutions are above $1B, holding $91.7B. Tennessee holds the most, $48.2B.

Loans grew +6.4% in the year on the credit unions filing at both dates, fastest in Mississippi at +11.8% and slowest in Louisiana at +3.9%. Delinquent loans are 0.72% of the book, up 1 basis points on a year earlier; the rate rose in 4 states and fell in 2, rising most in Mississippi (+12 bps) and highest outright in Louisiana at 1.13%.

Member business loans are 10.5% of the book in aggregate, heaviest in Kentucky at 14.0%. The credit unions lend 79% of their shares, and net worth is 12.7% of assets.

Delinquent loans, share of loans, by stateevery credit union in the state summed, 31 March 2026; loans 60 days or more past due, over loans; darker is higher

Louisiana carries the highest rate at 1.13%, then Mississippi at 1.10%; Tennessee the lowest at 0.41%. The South Central states in aggregate sits at 0.72%.

Where delinquency rose, and where it fellthe change in the rate on 31 March 2025, in basis points; amber rose, navy fell

The rate rose in 4 of 6 states and fell in 2. It rose most in Mississippi (+12 bps) and Alabama (+5 bps), and fell most in Arkansas (-15 bps).

Loans, year over year, by state31 March 2026 against a year earlier on the credit unions filing at both dates; no better direction

Mississippi grew fastest at +11.8%, 57% of the added loans in one institution, Keesler, whose book went from $3.2B to $3.6B in the year; 4 states grew faster than 5% and 0 shrank, Louisiana the most at +3.9%.

Member business loans, share of loans, by stateevery credit union in the state summed, 31 March 2026

Kentucky carries the most commercial lending at 14.0% of loans; the aggregate is 10.5%.

Who holds the South Central states' credit union assetseach institution's share of the $137B the region's 507 hold; the largest first, amber in the catalogue

Eastman holds 7.4% of the total; the five largest hold 25%, and 32 of the 507 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve

25% of the assets sit in 1.0% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

The consolidation: credit unions filing since 2022the count of credit unions filing each quarter from the South Central states; assets at the ends in the read

572 credit unions filed in 2022 Q1 holding $112B; 507 file now holding $137B. 11% fewer charters hold 22% more in assets.

Delinquency since 2022every credit union in the South Central states summed, quarterly

The rate peaked at 0.88% in 2024 and stands at 0.72%, 82% of that peak.

Loans, year over year: credit unions over $1B31 March 2026 against a year earlier; the fastest fifteen · the 15 highest of 32 · amber, in the catalogue

Onpath (Louisiana) grew fastest at +26.6%; the median among credit unions over $1B is +7.2%. A jump this size is usually an acquisition or a charter's first full year, both visible in the institution's own filing.

Member business loans, share of loans: credit unions over $1B31 March 2026; the fifteen heaviest · the 15 highest of 32 · amber, in the catalogue

L & N (Kentucky) carries the most commercial lending at 43.4% of loans.

Delinquent loans, share of loans: credit unions over $1B31 March 2026; the fifteen highest, as each filed · the 15 highest of 32 · amber, in the catalogue

Barksdale (Louisiana) carries the highest rate at 1.71%; 0 of the 32 are above 2%, and the median is 0.68%. A rate is a filed fact, not a finding; the allowance beside it and the trend behind it are on the institution's own page where it is in the catalogue.

Loans to shares: credit unions over $1B31 March 2026; the fifteen highest · the 15 highest of 32 · amber, in the catalogue

4 of the 32 lend more than they hold in shares, Arkansas (Arkansas) the furthest at 111%; the median is 90%.

Return on assets: credit unions over $1B31 March 2026; the fifteen highest · the 15 highest of 32 · amber, in the catalogue

Eastman (Tennessee) earns the most at 1.79%; 5 of the 32 earn under 0.50%, and the median is 0.91%.

Every state, 31 March 2026largest first; navy, the stronger half of each column; amber, the weaker; darker at the ends; growth on the institutions filing at both dates

State	Filers	Assets	Loans YoY	MBL / loans	Loans / shares	Delinquent	YoY	ROA, median	Net worth
Tennessee	126	$48.2B	+6.9%	10.4%	87%	0.41%	+2 bps	0.70%	13.2%
Alabama	89	$40.2B	+4.2%	12.5%	66%	0.87%	+5 bps	0.65%	12.4%
Louisiana	136	$17.4B	+3.9%	4.9%	82%	1.13%	-5 bps	0.49%	11.8%
Kentucky	52	$16.5B	+8.2%	14.0%	83%	0.69%	+4 bps	0.76%	12.9%
Mississippi	55	$9.8B	+11.8%	8.5%	82%	1.10%	+12 bps	0.69%	13.3%
Arkansas	49	$5.3B	+9.9%	10.6%	89%	0.88%	-15 bps	0.56%	12.7%

Small-business lending

SBA 7(a) approvals into the South Central states since FY2008, across every lender type

$22.3B of 7(a) credit has been approved into the South Central states since FY2008 across 49,698 loans. Accommodation & food services is the largest category at 20.9%, Agriculture, forestry & fishing at 12.3%, Retail trade at 12.0%; the three together are 45% of the money. The heaviest losses fall in Construction, at 3.93% of approvals charged off.

7(a) lenders in the South Central states, share of approvalssince FY2008, 769 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue

What the South Central states' 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest

The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike

Industry	Approved	Loans	Share	Charged off	Loss rate
Accommodation & food services	$4.7B	6,894	20.9%	$102M	2.18%
Agriculture, forestry & fishing	$2.7B	4,191	12.3%	$36M	1.33%
Retail trade	$2.7B	6,989	12.0%	$77M	2.87%
Health care & social assistance	$1.9B	4,195	8.7%	$34M	1.73%
Manufacturing	$1.8B	2,974	7.9%	$62M	3.53%
Other services	$1.5B	4,307	6.9%	$29M	1.91%
Construction	$1.3B	4,790	5.8%	$50M	3.93%
Professional & technical services	$1.3B	3,804	5.7%	$21M	1.64%
Wholesale trade	$812M	1,641	3.6%	$26M	3.26%
Arts, entertainment & recreation	$800M	1,747	3.6%	$19M	2.38%
Real estate & leasing	$655M	1,040	2.9%	$5M	0.74%
Administrative & waste services	$639M	2,462	2.9%	$19M	2.96%

The largest state marketsapprovals since FY2008 and how many lenders have written there

State	Approved	Loans	Lenders
Tennessee	$5.6B	10,857	374
Louisiana	$3.8B	8,580	263
Alabama	$3.8B	7,520	277
Kentucky	$3.1B	9,067	267
Mississippi	$3.0B	8,007	206
Arkansas	$2.9B	5,668	260

The other regions Great Lakes · Mid-Atlantic · Mountain West · New England · Pacific · Plains · Southeast · Southwest

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any South Central institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 8 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; Schedule RC-N past-due detail via the FDIC; SBA 7(a) release
Cohort every institution filing in the South Central states

Computed from each institution's own filing as published; aggregates are dollar-weighted sums across the filers, medians unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.

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