Applications / Mortgage Analytics / Lenders / Iowa / First State Bank
Lynnville, IA · State non-member bank · FDIC · $378 million assets · 184 loans in 2025
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184
loans originated, 2025
185
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank, of Lynnville, IA, makes small loans, and in 2025 it made 55% more of them, faster growth than at more than nine in ten similar banks.
It made 184 loans, up from 119. Similar lenders, state non-member banks making between half and twice as many loans, grew 10%. It first reported in 2019 and filed no report for 2020 or 2021; those are gaps in the record, not years without lending.
Its typical loan, $85,000, is about half the $175,000 at similar lenders, and among the lowest twentieth. So its $22.6 million in loans was lower than at nearly nine in ten peers despite its higher count. Home-improvement loans, 11.4% of its lending, may help explain the small size.
Low- and moderate-income (LMI) neighborhoods took 37.0% of its loans, about double the 17.6% at similar lenders and higher than at more than nine in ten. A year earlier the share was 26.1%. LMI borrowers took 35.0%, against 27.7% at peers.
Its largest market is non-metro Iowa, where it ranks 49 of 465 lenders. In Des Moines-West Des Moines, IA it ranks 96 of 396. GreenState Credit Union leads both. It began lending in Waterloo-Cedar Falls, IA and Iowa City, IA in 2025.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First State Bank took 185 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.5% · Refinance 42.9% · Home improvement 11.4% · Other 2.2%
Conventional 100.0% · of 184 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 | 184 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 48 |
| Cedar Rapids | 2 |
| Ames | 1 |
| Iowa City | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900EQCMVB0XTB5Y50 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 677448 | 2019–2023 |
Established 1 January 1912. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: First State Bank's data.
First State Bank's data
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First 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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