Applications / Mortgage Analytics / Lenders / Iowa / Raccoon Valley Bank
Perry, IA · State non-member bank · FDIC · $473 million assets · 125 loans in 2025
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125
loans originated, 2025
148
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Raccoon Valley Bank, a small community bank in Perry, Iowa, puts a larger share of its loans into poorer neighborhoods than almost any similar bank, and it made 19% more loans in 2025 than in 2024.
Poorer neighborhoods (low- and moderate-income, or LMI, census tracts) received 41.6% of its loans. Similar lenders, state non-member banks making between half and twice as many loans, typically put 17.6% there; the bank's share was higher than at more than nine in ten of them. LMI borrowers took 40.6% of its loans, against 27.9% at its peers.
It made 125 loans in 2025. The typical similar lender grew 9%, and the whole market 10%, so the bank grew faster than about two-thirds of its peers. Its record is uneven. It made 542 loans in 2020 and filed no report for 2022, a gap in the record rather than a year without lending.
Home purchases made up 64.0% of its lending and refinances 35.2%. Every loan was conventional, with none backed by the government, and none was jumbo (larger than the conforming limit). Its typical loan, $145,000, was smaller than the $175,000 at similar lenders.
In Des Moines-West Des Moines, its largest market, it ranked 33 of 396 lenders. Its share there rose to 0.7% from 0.5%. Three credit unions lead the market: GreenState Credit Union, Veridian Credit Union and Community Choice Credit Union.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 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. Raccoon Valley Bank took 148 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 64.0% · Refinance 35.2% · Home improvement 0.8%
Conventional 100.0% · of 125 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 | 97.6% |
| Arizona | 1 | 0.8% |
| Illinois | 1 | 0.8% |
| Minnesota | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 109 |
| Ames | 4 |
| Davenport-Moline-Rock Island | 1 |
| Phoenix-Mesa-Chandler | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900S2BHB4ZY0JPI53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 102342 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3245 | 1990–2017 |
Established 1 January 1927. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Raccoon Valley Bank's data.
Raccoon Valley Bank's data
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