Applications / Mortgage Analytics / Lenders / Iowa / Northwest Bank
Spencer, IA · State non-member bank · FDIC · $3.0 billion assets · 2,079 loans in 2025
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2,079
loans originated, 2025
2,585
applications, 2025
23
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northwest Bank is an Iowa home-purchase lender that ranks 3 of 465 lenders in non-metro Iowa and 2 of 189 in Ames, where its share rose to 5.1%.
It ranked 3 of 465 in non-metro Iowa, behind GreenState Credit Union and Iowa Bankers Mortgage, and 5 of 396 in Des Moines-West Des Moines, where its share slipped to 2.8% from 2.9%. In Ames its share rose to 5.1% from 3.6%, second only to Iowa Bankers Mortgage. In Sioux City it fell to 4.6% from 5.3%, which could reflect stronger years for competitors there.
Originations rose 12% to 2,079, close to the 13% of similar lenders (state non-member banks making between half and twice as many loans) and above the whole market's 10%. Home purchases made up 54.5% of its loans and refinances 22.4%.
Its typical rate was 6.44% against 6.75% at similar lenders, lower than about three in four of them. It turned down 2.2% of decided first-lien home-purchase applications on owner-occupied homes, against 6.7%, and 12.4% of refinance applications, against 18.0%.
LMI (low- and moderate-income) borrowers received 28.7% of its loans, against 27.9% at similar lenders, near the middle. Its share in LMI areas was 10.1% against 15.7%, lower than nearly nine in ten, and in majority-minority areas 3.4% against 10.2%, though both are up from five years before. Its largest market is non-metro Iowa, where such areas may be few.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northwest Bank took 2,585 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 54.5% · Refinance 22.4% · Home improvement 15.2% · Other 7.8%
Conventional 96.9% · FHA 1.8% · VA 0.9% · USDA (RHS or FSA) 0.4% · of 2,079 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 | 1,743 | 83.8% |
| Nebraska | 222 | 10.7% |
| Minnesota | 29 | 1.4% |
| South Dakota | 24 | 1.2% |
| Arizona | 11 | 0.5% |
| Florida | 10 | 0.5% |
| Colorado | 5 | 0.2% |
| Missouri | 5 | 0.2% |
| Illinois | 4 | 0.2% |
| Kansas | 4 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 507 |
| Omaha | 214 |
| Sioux City | 171 |
| Ames | 80 |
| Minneapolis-St. Paul-Bloomington | 10 |
| Phoenix-Mesa-Chandler | 10 |
| Sioux Falls | 8 |
| Iowa City | 5 |
| Kansas City | 4 |
| Cape Coral-Fort Myers | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RBJCM5B02O5U05 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1387605 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 48567 | 1999–2010 |
| Respondent ID (the HMDA filer code before 2018) | 21387605 | 2011–2011 |
| Respondent ID (the HMDA filer code before 2018) | 332647 | 2012–2017 |
Established 30 December 1988. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Northwest Bank's data.
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