Applications / Mortgage Analytics / Lenders / Iowa / First Trust and Savings Bank
Wheatland, IA · State non-member bank · FDIC · $300 million assets · 120 loans in 2025
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120
loans originated, 2025
122
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Trust and Savings Bank makes unusually small loans in a single Iowa county, and in 2025 it grew its count of loans faster than about nine in ten similar banks.
Originations rose 56% to 120, against 9% for similar lenders (state non-member banks making between half and twice as many loans) and 10% for the whole market. The jump largely restores the 122 loans of 2023 after a dip to 77 in 2024, so it may be more a return to its 2023 level than new growth.
Its typical loan was $75,000, against $175,000 for similar lenders, smaller than nearly all of them, and its $13.9 million in total lending is lower than about nine in ten. Its mix, with refinancing at 43.3% of loans and home improvement at 8.3%, or modestly priced homes in its county could explain it.
30.3% of its loans went to LMI (low- and moderate-income) borrowers, up from 13.8% the year before and close to the 27.9% of a typical similar lender. At this size, such a swing can come from a handful of borrowers.
All its lending is in one county, and it has reported in Davenport-Moline-Rock Island since before 1990. There it ranks 45 of 288 lenders with 0.4% of the market, up from 0.3%, far behind GreenState Credit Union at $179.5M.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First Trust and Savings Bank took 122 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 43.3% · Purchase 36.7% · Other 11.7% · Home improvement 8.3%
Conventional 100.0% · of 120 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Iowa | 45 | 37.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Davenport-Moline-Rock Island | 45 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900B7HAQFC56M2N14 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 640442 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38752 | 1990–2017 |
Established 1 January 1905. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First Trust and Savings Bank's data.
First Trust and Savings Bank's data
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First Trust and Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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