Applications / Mortgage Analytics / Lenders / Iowa / American State Bank
Sioux Center, IA · State non-member bank · FDIC · $1.5 billion assets · 282 loans in 2025
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282
loans originated, 2025
347
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
American State Bank, based in Sioux Center, Iowa, makes mostly home-purchase loans and ranks 9 of 465 lenders in non-metro Iowa.
Low- and moderate-income (LMI) borrowers took 32.3% of its loans, against 28.1% at similar lenders (state non-member banks making between half and twice as many loans), more than at over two-thirds of them. Yet only 3.9% were in LMI neighborhoods, against 17.0%, among the lowest of its peers. That may reflect where it lends, mainly non-metro Iowa, rather than whom it lends to.
Purchases made up 75.9% of its loans. Its typical loan, $245,000, was larger than peers' $175,000. It turned down 2.6% of home-purchase applications, against 5.1% at peers.
Its Sioux Falls share fell 0.8 points to 0.5%; Plains Commerce Bank, First Premier Bank and First Dakota National Bank lead there. Its loans rose 5%, less than the whole market's 10%. Faster-growing rivals or a shift of its lending elsewhere are possible reasons.
It first reported in 2017. Its count rose to 1,214 in 2020 and has stayed between 259 and 387 a year since 2022. Its 282 loans in 2025 put it above the middle of its peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. American State Bank took 347 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.9% · Refinance 21.3% · Other 2.1% · Home improvement 0.7%
Conventional 100.0% · of 282 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 | 238 | 84.4% |
| South Dakota | 32 | 11.3% |
| Florida | 2 | 0.7% |
| Kansas | 2 | 0.7% |
| Minnesota | 2 | 0.7% |
| Nebraska | 2 | 0.7% |
| Arizona | 1 | 0.4% |
| California | 1 | 0.4% |
| Colorado | 1 | 0.4% |
| Oregon | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 26 |
| Omaha | 2 |
| Rapid City | 2 |
| Sioux City | 2 |
| Ames | 1 |
| Cedar Rapids | 1 |
| Denver-Aurora-Centennial | 1 |
| Des Moines-West Des Moines | 1 |
| Kansas City | 1 |
| Lawrence | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BNZVNK1XN85P72 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 735441 | 2017–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3228 | 2017–2017 |
Established 1 September 1913. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: American State Bank's data.
American State Bank's data
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