Applications / Mortgage Analytics / Lenders / Iowa / Washington State Bank
Washington, IA · State member bank · FRS · $589 million assets · 262 loans in 2025
Washington State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
262
loans originated, 2025
282
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Washington State Bank lends to LMI (low- and moderate-income) borrowers more than nine in ten similar lenders do: 43.2% of its loans, against 28.2% for a typical one.
Among similar lenders (lenders of the same type making between half and twice as many loans), it also stands high on LMI tracts: 30.1% of loans, against 15.9%, higher than about nine in ten. Its typical loan, $135,000, was smaller than at about four in five peers, which fits lending in small towns where homes may cost less.
All its loans were conventional, 100.0%, with no government-backed loans (FHA, insured by the Federal Housing Administration; VA, guaranteed by the Department of Veterans Affairs; RHS, guaranteed by the Department of Agriculture's Rural Housing Service) in any year shown. Borrowers who need government-backed loans may go elsewhere, or it may prefer to keep loans it can hold itself.
Only 0.4% of its loans were in majority-minority tracts, against 5.1% for a typical peer. Its largest market is non-metro Iowa, and it lends in 29 counties in 2 states; those areas may contain few such tracts.
Loans rose 5% to 262, near the middle of peers and below the whole market's 10%. It turned down 3.7% of first-lien home-purchase applications, lower than about seven in ten similar lenders, whose typical rate was 6.7%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Washington State Bank took 282 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.7% · Refinance 21.8% · Home improvement 8.4% · Other 6.1%
Conventional 100.0% · of 262 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 | 261 | 99.6% |
| Ohio | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Iowa City | 87 |
| Des Moines-West Des Moines | 9 |
| Cedar Rapids | 6 |
| Ames | 1 |
| Cleveland | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300L5PI87OOVHD857 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 433943 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2433943 | 2004–2017 |
Established 18 April 1932. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Washington State Bank's data.
Washington State Bank's data
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Washington State 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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