Applications / Mortgage Analytics / Lenders / Iowa / Security Savings Bank
Gowrie, IA · State member bank · FRS · $194 million assets · 45 loans in 2025
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45
loans originated, 2025
49
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Savings Bank makes the smallest loans of any similar bank, the pattern of a rural Iowa lender, possibly one serving low-cost homes.
Its typical loan of $55,000 is lower than that of every similar lender (state member banks making between half and twice as many loans), against $185,000 for the group. Small balances like these may reflect low house prices in the small towns it serves.
Originations rose 25% to 45, faster than about seven in ten similar lenders, whose typical growth was 5%. It first reported in 2019 and filed no report for 2020 to 2022; it may have been below the reporting threshold then, so those are gaps in the record, not years without lending.
Only 2.2% of its loans were in LMI (low- and moderate-income) tracts, against 17.5% for similar lenders, and none in majority-minority tracts. Its six-county Iowa footprint, mostly outside metro areas, may contain few such tracts. By contrast, 39.5% of loans went to LMI borrowers, against 23.4%, though on 45 loans that figure moves a lot with a few borrowers.
In Ames it ranks 126 of 189 lenders, its share down 0.1 points to 0.1%, in a market led by Iowa Bankers Mortgage and Northwest Bank. It lends in 6 Iowa counties, most of them outside metro areas, where it ranks 144 of 465 lenders.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Security Savings Bank took 49 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 46.7% · Purchase 40.0% · Home improvement 8.9% · Other 4.4%
Conventional 100.0% · of 45 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 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Ames | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490024BC19WWC88469 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 616540 | 2019–2023 |
Established 18 April 1914. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: Security Savings Bank's data.
Security Savings Bank's data
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Security 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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