Applications / Mortgage Analytics / Lenders / Iowa / Manufacturers Bank & Trust Company
Forest City, IA · State non-member bank · FDIC · $739 million assets · 224 loans in 2025
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224
loans originated, 2025
257
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Manufacturers Bank & Trust Company, a home-purchase lender in Forest City, Iowa, bounced back in 2025, growing faster than more than four in five similar lenders.
Its loans rose 29% to 224, against 9% at similar lenders (state non-member banks making between half and twice as many loans) and 10% for the whole market. It had made 537 in 2020 and fewer each year after, down to 174 in 2024. Its typical loan rose to $155,000 from $105,000.
Home purchases were 59.4% of its loans and refinances 26.3%. It turned down 1.8% of home-purchase applications, against 5.3% at similar lenders, lower than about nine in ten of them.
Low- and moderate-income (LMI) borrowers took 38.8% of its loans, against 27.9% at similar lenders, more than at nearly nine in ten of them. LMI neighborhoods took 12.5%, below peers' 17.7%, and it made no loans in majority-minority areas, against 6.5%. Its lending in non-metro Iowa and Minnesota may explain both, as those areas may hold few such tracts.
Non-metro Iowa is its biggest market. It ranks 33 of 465 lenders there, and GreenState Credit Union leads. In Rochester, MN its share rose 0.1 points to 0.6%, ranking 37 of 276.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Manufacturers Bank & Trust Company took 257 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 59.4% · Refinance 26.3% · Home improvement 7.1% · Other 7.1%
Conventional 100.0% · of 224 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 | 122 | 54.5% |
| Minnesota | 98 | 43.8% |
| Wisconsin | 2 | 0.9% |
| Arizona | 1 | 0.4% |
| Illinois | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rochester | 36 |
| Minneapolis-St. Paul-Bloomington | 4 |
| Iowa City | 2 |
| Des Moines-West Des Moines | 1 |
| Lake County | 1 |
| Phoenix-Mesa-Chandler | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900U7G0LJ4QNSFC86 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 215345 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316307 | 2013–2017 |
Established 1 September 1945. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Manufacturers Bank & Trust Company's data.
Manufacturers Bank & Trust Company's data
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Manufacturers Bank & Trust Company 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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