Applications / Mortgage Analytics / Lenders / Iowa / Charter Bank
Johnston, IA · State non-member bank · FDIC · $223 million assets · 49 loans in 2025
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49
loans originated, 2025
52
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Charter Bank's originations rose 40% in 2025, to 49, faster than more than four in five similar lenders, with somewhat larger loans than the group.
Charter Bank's count rose from 35 to 49, faster than more than four in five similar lenders, state non-member banks making between half and twice as many loans (typical growth: 4%). It is still below the 73 loans it made in 2018, and it filed no report for 2020 to 2022.
The typical loan was $195,000 against $165,000 for similar lenders, and 5.0% were jumbo (larger than the conforming limit). Its typical rate of 7.50% was higher than about three in five similar lenders (7.00% for the group), yet its higher-priced share (a rate well above the average for similar loans) was 0.0%, against 6.1% for the group. Differences in loan terms could explain the gap between the two.
Only 2.0% of loans were in LMI (low- and moderate-income) areas, down from 20.0% and among the lowest twentieth of similar lenders. On 49 loans a single loan moves this share a long way, so the drop may reflect where this year's buyers purchased rather than a shift in where it lends.
It ranks 80 of 396 in Des Moines-West Des Moines, where it has lent since 2001 and where credit unions such as GreenState Credit Union lead; its share held at 0.2%. Its lending covers 6 counties in 2 states.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Charter Bank took 52 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 53.1% · Refinance 28.6% · Home improvement 10.2% · Other 8.2%
Conventional 100.0% · of 49 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 | 48 | 98.0% |
| Missouri | 1 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 47 |
| Kansas City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300W7PVYUJHBKTH05 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2705112 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 414723 | 2001–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1714723 | 2011–2011 |
| Respondent ID (the HMDA filer code before 2018) | 334686 | 2012–2017 |
Established 15 June 1998. Reported under HMDA 2001-2025.
Mergers, name changes, data editions and corrections: Charter Bank's data.
Charter Bank's data
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