Applications / Mortgage Analytics / Lenders / Iowa / Mount Vernon Bank and Trust Company
Mount Vernon, IA · State non-member bank · FDIC · $186 million assets · 133 loans in 2025
Mount Vernon Bank and Trust Company's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
133
loans originated, 2025
138
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Mount Vernon Bank and Trust Company is a small Iowa bank whose loans are smaller than its peers', with a sizable share for home improvement and many borrowers of modest means.
Its typical loan was $135,000, against $175,000 at similar lenders (state non-member banks making between half and twice as many loans). It made no jumbo loans (larger than the conforming limit). Purchases were 48.9% of its loans, but home improvement took 17.3%. All its loans were conventional.
Borrowers with low or moderate incomes (LMI) took 38.1% of its lending, higher than at about four in five similar lenders; in 2020 the share was 23.0%. Yet LMI neighborhoods took only 6.0%, among the lowest tenth of its peers, and it made no loans in majority-minority neighborhoods. The 14 counties where it lends, chiefly around Cedar Rapids and in non-metro Iowa, may simply have few such neighborhoods.
In Cedar Rapids, IA, where it has lent since at least 1990, it ranked 20 of 210 lenders. Its share, 1.1%, was little changed from 1.2%. GreenState Credit Union led that market.
It made 133 loans in 2025, up 7%; similar lenders typically grew 10%. That is far below the 389 of 2020 but close to the 127 of 2018.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Mount Vernon Bank and Trust Company took 138 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 48.9% · Refinance 24.8% · Home improvement 17.3% · Other 9.0%
Conventional 100.0% · of 133 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 | 130 | 97.7% |
| Minnesota | 2 | 1.5% |
| Wisconsin | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cedar Rapids | 106 |
| Iowa City | 7 |
| Des Moines-West Des Moines | 2 |
| Dubuque | 1 |
| Minneapolis-St. Paul-Bloomington | 1 |
| Rochester | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Z8UWZMQ33WI653 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 890649 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 310494 | 1990–2017 |
Established 1 January 1884. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Mount Vernon Bank and Trust Company's data.
Mount Vernon Bank and Trust Company's data
$215
Mount Vernon Bank and 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.
Buy Mount Vernon Bank and Trust Company's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]