Applications / Mortgage Analytics / Lenders / Iowa / Farmers & Merchants Savings Bank
Manchester, IA · State member bank · FRS · $594 million assets · 86 loans in 2025
Farmers & Merchants Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
86
loans originated, 2025
104
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers & Merchants Savings Bank, an Iowa bank, spread 86 loans across 32 counties in 8 states in 2025, a wide reach for a lender its size.
Its loans reached Minneapolis-St. Paul-Bloomington, Phoenix-Mesa-Chandler and non-metro Minnesota, and in 2025 it made its first loans in Charlotte-Concord-Gastonia. In Cedar Rapids it ranked 42 of 210 lenders, though its share there fell by 0.2 points to 0.3%; with so few loans, a handful can move it.
Its loans fell 15%, to 86 from 101, while similar lenders, state member banks making between half and twice as many loans, grew 8%. With so few loans, a handful of borrowers, fewer refinances for example, could account for a drop of that size. It made 477 in 2020.
Purchases made up 55.8% of its loans and refinances 36.0%, all conventional. Its typical loan, $215,000, was above similar lenders' $175,000.
Low- and moderate-income (LMI) neighborhoods took 20.9% of its loans, up from 9.0% and above the 16.4% at similar lenders. LMI borrowers took 23.1%, against 27.2%, lower than at about two-thirds of peers. A footprint spread over many markets is one reason these shares may swing from year to year.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Farmers & Merchants Savings Bank took 104 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.8% · Refinance 36.0% · Home improvement 7.0% · Other 1.2%
Conventional 100.0% · of 86 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 | 52 | 60.5% |
| Minnesota | 24 | 27.9% |
| Florida | 3 | 3.5% |
| Arizona | 2 | 2.3% |
| Wisconsin | 2 | 2.3% |
| California | 1 | 1.2% |
| Illinois | 1 | 1.2% |
| North Carolina | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cedar Rapids | 29 |
| Minneapolis-St. Paul-Bloomington | 18 |
| Des Moines-West Des Moines | 2 |
| Dubuque | 2 |
| Phoenix-Mesa-Chandler | 2 |
| Punta Gorda | 2 |
| St. Cloud | 2 |
| Cape Coral-Fort Myers | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Chicago-Naperville-Schaumburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003SVUBV3VW5CT40 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 863746 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2863746 | 1995–2017 |
Established 20 July 1925. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Farmers & Merchants Savings Bank's data.
Farmers & Merchants Savings Bank's data
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Farmers & Merchants Savings 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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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.
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