Applications / Mortgage Analytics / Lenders / Iowa / Hills Bank and Trust Company
Hills, IA · State non-member bank · FDIC · $4.6 billion assets · 2,876 loans in 2025
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2,876
loans originated, 2025
3,438
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Hills Bank and Trust Company ranks second to GreenState Credit Union in Iowa City and Cedar Rapids, and its loan count grew faster in 2025 than nine in ten similar banks.
Originations rose 35% to 2,876, against 12% for the typical similar lender (state non-member banks making between half and twice as many loans) and 10% for the whole market. The bank is still well below the 4,702 loans of 2020.
Its Iowa City share rose to 29.1% from 26.1%, and its Cedar Rapids share to 14.3% from 13.5%; it has lent in both since before 1990. It also rose in Waterloo-Cedar Falls, to 0.9% from 0.2%.
Every loan was conventional (none insured or guaranteed by a government agency), against 94.9% at similar lenders, and 71.6% were for home purchase. Jumbo loans (larger than the conforming limit) were 0.1% against 2.5%, among the lowest of its peers, and its typical rate, 6.25% against 6.69%, was lower than about four in five.
Low- and moderate-income (LMI) borrowers took 38.0% of its loans against 27.9%, and LMI neighbourhoods 22.9% against 15.0%, both higher than nearly nine in ten similar lenders. Majority-minority neighbourhoods took 2.5% against 10.1%, which could reflect markets centred on Iowa City and Cedar Rapids.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Hills Bank and Trust Company took 3,438 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.6% · Refinance 14.5% · Home improvement 9.8% · Other 4.1%
Conventional 100.0% · of 2,876 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 | 2,874 | 99.9% |
| Arizona | 2 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Iowa City | 1,503 |
| Cedar Rapids | 1,095 |
| Waterloo-Cedar Falls | 33 |
| Des Moines-West Des Moines | 14 |
| Dubuque | 2 |
| Phoenix-Mesa-Chandler | 2 |
| Ames | 1 |
| Davenport-Moline-Rock Island | 1 |
| Omaha | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZWA6HRT4N1Z222 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 731247 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314650 | 1990–2017 |
Established 1 January 1904. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Hills Bank and Trust Company's data.
Hills Bank and Trust Company's data
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