Applications / Mortgage Analytics / Lenders / Iowa / Central Bank
Storm Lake, IA · State member bank · FRS · $2.3 billion assets · 1,301 loans in 2025
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1,301
loans originated, 2025
1,621
applications, 2025
20
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Central Bank is an Iowa home-purchase lender that grew 22% in 2025, faster than about four in five similar banks, with its gains in Des Moines and Sioux Falls.
Originations rose 22% to 1,301, against 7% at similar lenders (state member banks making between half and twice as many loans) and 10% in the whole market. Home purchases were 69.3% of its loans. Loans insured by the Federal Housing Administration (FHA) rose to 7.8% from 1.8%, and loans guaranteed by the Department of Veterans Affairs (VA) to 3.2% from 0.5%.
Loans guaranteed by the Department of Agriculture's Rural Housing Service (RHS) were 2.7% of its lending, against 0.1% at peers, higher than about nineteen in twenty. Low- and moderate-income (LMI) borrowers took 35.6%, against 26.6%, up from 23.9% five years before. Its purchase denial rate, 1.3%, was among the lowest of its peers, whose typical rate was 7.3%.
In Des Moines-West Des Moines it ranked 12 of 396, with 2.0% of lending, up from 1.3%. In Sioux Falls it ranked 7 of 204, with 3.7%, up from 1.8%. It ranked 6 of 465 in non-metro Iowa.
It ranked 1 of 167 lenders in Sioux City, but its share fell to 9.4% from 12.0%. The data do not say why; growth elsewhere drawing its lending toward Des Moines and Sioux Falls, or competitors lending more locally, are possibilities.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Central Bank took 1,621 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 69.3% · Refinance 16.1% · Home improvement 8.1% · Other 6.4%
Conventional 86.3% · FHA 7.8% · VA 3.2% · USDA (RHS or FSA) 2.7% · of 1,301 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 | 916 | 70.4% |
| South Dakota | 304 | 23.4% |
| Nebraska | 39 | 3.0% |
| Minnesota | 11 | 0.8% |
| Arizona | 7 | 0.5% |
| Missouri | 5 | 0.4% |
| Kansas | 3 | 0.2% |
| California | 2 | 0.2% |
| Florida | 2 | 0.2% |
| Wisconsin | 2 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 308 |
| Sioux City | 263 |
| Sioux Falls | 242 |
| Omaha | 13 |
| Ames | 9 |
| Phoenix-Mesa-Chandler | 6 |
| Iowa City | 3 |
| Kansas City | 3 |
| Minneapolis-St. Paul-Bloomington | 3 |
| Anaheim-Santa Ana-Irvine | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q76VHK6FGPX546 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 546544 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2546544 | 2002–2017 |
Established 1 January 1879. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Central Bank's data.
Central Bank's data
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