Applications / Mortgage Analytics / Lenders / Iowa / Farmers Savings Bank
Marshalltown, IA · State non-member bank · FDIC · $139 million assets · 47 loans in 2025
Farmers Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
47
loans originated, 2025
57
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers Savings Bank lent 42% more in 2025 than in 2024, faster than most similar lenders, with gains in Ames and Des Moines and new loans in Missouri and Florida.
Originations rose from 33 to 47, up 42%, against 3% for the typical similar lender (state non-member banks making between half and twice as many loans) and 10% for the whole market; that is faster than more than four in five of them. Dollars roughly doubled, from $5.9 million to $11.9 million. On a base this small a few loans move the rate a long way; it filed no report for 2018 to 2022, gaps rather than zeros.
Its Ames share rose from 0.0% to 0.3%, ranking 62 of 189, and its Des Moines share reached 0.1%. In 2025 it entered Springfield, non-metro Missouri and Tampa, ranking 914 of 925 in the last. These rest on very few loans, too few to read as a strategy.
A typical loan is $125,000, against $165,000 for peers, lower than about three-quarters; every loan is conventional and none jumbo. 17.0% of loans were in majority-minority areas, against 5.6%, higher than about seven in ten peers, while 10.9% were in LMI (low- and moderate-income) areas, against 18.4%, lower than about three-quarters. That may reflect the makeup of the neighbourhoods it serves rather than any choice of borrower.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Farmers Savings Bank took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.1% · Refinance 14.9% · Home improvement 12.8% · Other 4.3%
Conventional 100.0% · of 47 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 | 44 | 93.6% |
| Missouri | 2 | 4.3% |
| Florida | 1 | 2.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 8 |
| Ames | 5 |
| Waterloo-Cedar Falls | 2 |
| St. Petersburg-Clearwater-Largo | 1 |
| Springfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900YN9PO8IN8BND47 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 741844 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 318394 | 2004–2016 |
Established 1 April 1894. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Farmers Savings Bank's data.
Farmers Savings Bank's data
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Farmers 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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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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