Applications / Mortgage Analytics / Lenders / Iowa / Malvern Bank
Malvern, IA · State non-member bank · FDIC · $242 million assets · 52 loans in 2025
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52
loans originated, 2025
57
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Malvern Bank's lending fell 9% in 2025 while similar lenders grew 5%, and it lends far less in low- and moderate-income areas than most of them.
Originations fell from 57 to 52, down 9%, while the typical similar lender (state non-member banks making between half and twice as many loans) grew 5% and the whole market 10%; its change was lower than about seven in ten of them. It made 69 loans in 2023, the first year on record after a gap with no reports from 2018 to 2022. Dollars fell from $15.5 million to $11.6 million. A quieter local market or a choice to lend less could explain it.
Its share of Omaha lending fell from 0.2% to 0.1%, where it ranks 117 of 417 behind JPMorgan Chase Bank, Berkeley Point Capital and Pinnacle Bank.
Only 5.8% of its loans were in LMI (low- and moderate-income) areas, against 18.6% for peers, lower than nearly nine in ten. 22.2% went to LMI borrowers, against 27.1%, below the middle. The rural counties where it lends may hold few areas classed as LMI, which would hold this share down.
A typical loan is $125,000, against $165,000, lower than about three-quarters of peers, and all are conventional. Purchase loans were 48.1% of its lending and home improvement 15.4%; smaller home-improvement loans, or lower house prices where it lends, could keep the typical size down.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Malvern Bank took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 48.1% · Other 19.2% · Refinance 17.3% · Home improvement 15.4%
Conventional 100.0% · of 52 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 | 41 | 78.8% |
| Nebraska | 7 | 13.5% |
| Missouri | 2 | 3.8% |
| Kansas | 1 | 1.9% |
| North Carolina | 1 | 1.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Omaha | 35 |
| Charlotte-Concord-Gastonia | 1 |
| Des Moines-West Des Moines | 1 |
| Kansas City | 1 |
| Wichita | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZDBO5YOE6XVB14 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 756343 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314230 | 2004–2017 |
Established 1 January 1892. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Malvern Bank's data.
Malvern Bank's data
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