Applications / Mortgage Analytics / Lenders / Iowa / First State Bank
Stuart, IA · State non-member bank · FDIC · $129 million assets · 46 loans in 2025
First State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
46
loans originated, 2025
65
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First State Bank, based in Stuart, Iowa, makes smaller loans than nearly all similar lenders, mostly to refinance, and 45.7% of them go to low- and moderate-income (LMI) borrowers.
Refinancing made up 58.7% of its loans and purchases 21.7%, all conventional. Its typical loan, $55,000, was about a third of the $165,000 at similar lenders (state non-member banks making between half and twice as many loans). Its $6.1 million in lending was less than half their $14.1 million.
Its share to LMI borrowers was higher than about nine in ten similar lenders, whose typical share was 27.8%; small loans fit lower-income borrowers. None of its loans were in LMI or majority-minority neighborhoods, against 18.5% and 5.7% at its peers. It lends in 8 counties around Des Moines and in rural Iowa, which may hold few such neighborhoods; county detail would show.
Its 46 loans were 70% more than in 2024, against 4% for similar lenders. But 2024, at 27 loans, was a low year: it made 40 in 2018, 25 in 2019 and 45 in 2023, and filed no report for 2020 to 2022. On counts this small, the change says little about a trend.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. First State Bank took 65 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 58.7% · Purchase 21.7% · Other 10.9% · Home improvement 8.7%
Conventional 100.0% · of 46 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 | 46 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 38 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300J99UM25CTWNN58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 190947 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316177 | 2004–2017 |
Established 1 January 1934. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: First State Bank's data.
First State Bank's data
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