Second in Dubuque, with a rising share
It ranked 2 of 114 lenders in Dubuque, where it has lent since before 1990, behind Dupaco Community Credit Union; its share rose 1.5 points to 15.0%. It ranked 13 of 465 in non-metro Iowa.
Applications / Mortgage Analytics / Lenders / Iowa / MidWestOne Bank
MidWestOne Bank
Iowa City, IA · State non-member bank · FDIC · $6.3 billion assets · 1,522 loans in 2025
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1,522
loans originated, 2025
2,125
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
MidWestOne Bank is an Iowa bank of small, conventional loans that grew 19% in 2025, faster than about seven in ten similar lenders, and ranks second in Dubuque, where its share rose to 15.0%.
Faster growth than peers
Originations rose 19% to 1,522, against 11% at similar lenders (state non-member banks making between half and twice as many loans) and 10% for the whole market.
Small conventional loans, no FHA or VA
Its typical loan was $125,000, among the smallest tenth of peers, against $195,000. It made no FHA loans (insured by the Federal Housing Administration) or VA loans (guaranteed by the Department of Veterans Affairs), against 2.7% and 0.8% at peers. Other-purpose loans were 23.3% and home improvement 11.2%, one possible reason for the smaller loans. Its typical rate, 5.99%, was lower than at about nine in ten peers (6.62%).
More LMI borrowers than most peers
LMI (low- and moderate-income) borrowers took 37.3% of its loans, higher than about five in six similar lenders (27.3%), up from 29.5% five years before. LMI areas took 13.0%, against 15.3% at peers.
Questions the data can answer next
- Why did its share in Iowa City fall 1.8 points to 2.4% while it rose in Dubuque, and which competitors gained there?
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
1,522 loans in 2025, against a peak of 3,533 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. MidWestOne Bank took 2,125 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
35.5% of its 2025 loans were purchase loans; 99.9% were Conventional.
Purchase 35.5% · Refinance 29.9% · Other 23.3% · Home improvement 11.2%
Conventional 99.9% · USDA (RHS or FSA) 0.1% · of 1,522 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
10 states, 26 metros, 116 counties
| State | Loans | Share |
|---|---|---|
| Iowa | 1,090 | 71.6% |
| Minnesota | 229 | 15.0% |
| Wisconsin | 143 | 9.4% |
| Colorado | 29 | 1.9% |
| Illinois | 23 | 1.5% |
| Florida | 3 | 0.2% |
| Arizona | 1 | 0.1% |
| Missouri | 1 | 0.1% |
| North Carolina | 1 | 0.1% |
| North Dakota | 1 | 0.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Dubuque | 369 |
| Minneapolis-St. Paul-Bloomington | 249 |
| Iowa City | 130 |
| Des Moines-West Des Moines | 53 |
| Waterloo-Cedar Falls | 43 |
| Cedar Rapids | 41 |
| Denver-Aurora-Centennial | 22 |
| Davenport-Moline-Rock Island | 7 |
| Madison | 6 |
| Ames | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LZLYU85WF65870 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 836843 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314843 | 1990–2017 |
Established 15 October 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: MidWestOne Bank's data.
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