Applications / Mortgage Analytics / Lenders / Illinois / Flanagan State Bank
Flanagan, IL · State non-member bank · FDIC · $312 million assets · 1,140 loans in 2025
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1,140
loans originated, 2025
1,648
applications, 2025
30
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Flanagan State Bank is a small Illinois bank that lends in 30 states and makes more than half its loans with government backing, far more than similar banks.
Loans insured by the Federal Housing Administration (FHA) were 30.6% of its loans, against 1.5% at similar lenders (state non-member banks making between half and twice as many loans); loans guaranteed by the Department of Agriculture's Rural Housing Service (RHS) 19.1%, the highest among them; and loans guaranteed by the Department of Veterans Affairs (VA) 5.4%. Conventional loans were 44.8%, against 96.9%. Purchases were 82.9%.
It lent in 30 states and 239 counties. Its largest markets were non-metro Missouri, where it ranked 36 of 640, Chicago-Naperville-Elgin (252 of 902) and non-metro Iowa (46 of 465). In Reading, PA it ranked 35 of 365 with a 0.8% share, unchanged. Originations were flat at 1,140, close to its 1,142 of 2024, while peers typically grew 10%.
Low- and moderate-income (LMI) borrowers took 46.8% of its loans, against 26.8% at peers, higher than nearly all of them, and LMI areas 18.1%, against 14.7%. The government programmes behind most of its loans are one possible reason.
Its purchase denial rate was 11.6% and its refinance rate 26.4%, against 5.9% and 15.4% at peers; higher-priced loans (a rate well above the average for similar loans) were 5.7%, against 1.6%. With government-backed loans over half its lending, its applicants and products differ from theirs, a possible reason for both.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Flanagan State Bank took 1,648 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 82.9% · Refinance 17.0% · Other 0.1%
Conventional 44.8% · FHA 30.6% · USDA (RHS or FSA) 19.1% · VA 5.4% · of 1,140 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 |
|---|---|---|
| Illinois | 297 | 26.1% |
| Missouri | 278 | 24.4% |
| Iowa | 176 | 15.4% |
| Pennsylvania | 97 | 8.5% |
| Indiana | 76 | 6.7% |
| Colorado | 43 | 3.8% |
| Montana | 31 | 2.7% |
| Texas | 25 | 2.2% |
| Minnesota | 21 | 1.8% |
| Arkansas | 17 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Reading | 83 |
| Chicago-Naperville-Schaumburg | 65 |
| Bloomington | 53 |
| Omaha | 50 |
| Peoria | 48 |
| St. Joseph | 40 |
| Davenport-Moline-Rock Island | 29 |
| Lafayette-West Lafayette | 23 |
| Bozeman | 19 |
| Kankakee | 19 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549008LUH7QKMXQ8N53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 979133 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 311734 | 1997–2017 |
Established 1 January 1913. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Flanagan State Bank's data.
Flanagan State Bank's data
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Flanagan State 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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