Applications / Mortgage Analytics / Lenders / Iowa / Central State Bank
State Center, IA · State non-member bank · FDIC · $569 million assets · 49 loans in 2025
Central State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
49
loans originated, 2025
64
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Central State Bank, an Iowa lender that first reported in 2023, does a far bigger trade in manufactured homes than banks of its size.
Manufactured homes made up 22.4% of its loans, against 2.4% at similar lenders (state non-member banks making between half and twice as many loans). That is more than at nine in ten of them. Purchases took 77.6% of its lending, and every loan was conventional.
Its originations fell 21% to 49, while similar lenders grew 4%. It was the second fall since its 65 loans in 2023. Yet the money it lent rose to $12.7 million from $11.8 million, because its typical loan grew to $145,000 from $115,000.
Low- and moderate-income (LMI) borrowers took 44.7% of its loans, against 27.2% at similar lenders, more than at almost nine in ten of them. Its share in LMI neighborhoods fell to 10.2% from 24.2%, below about three in four peers. The two can diverge when lower-income buyers, such as those buying manufactured homes, live outside neighborhoods classed as LMI. On 49 loans, chance can also move the share a long way.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Central State Bank took 64 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 77.6% · Refinance 12.2% · Home improvement 10.2%
Conventional 100.0% · of 49 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 | 47 | 95.9% |
| Missouri | 2 | 4.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Ames | 14 |
| Des Moines-West Des Moines | 13 |
| Waterloo-Cedar Falls | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005DFXO7V7YOKJ57 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 607146 | 2023–2023 |
Established 1 January 1902. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Central State Bank's data.
Central State Bank's data
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Central 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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