Small loans for buyers
Purchases made up 70.1% of its 107 loans in 2025. Its typical loan, $105,000, was smaller than at more than nine in ten similar lenders (state member banks making between half and twice as many loans), where it was $175,000.
Applications / Mortgage Analytics / Lenders / Iowa / GNB Bank
GNB Bank
Grundy Center, IA · State member bank · FRS · $631 million assets · 107 loans in 2025
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107
loans originated, 2025
137
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
GNB Bank, an Iowa bank, lends mostly to home buyers, with smaller loans than almost all similar banks and more of them to borrowers of modest means.
Reaching modest incomes
Of its borrowers, 34.2% had low or moderate incomes, against 27.1% at similar lenders, a higher share than at about three-quarters of them. A year earlier its share was 23.5%.
Rural Iowa
Iowa is its main state, and its loans reached 22 counties in 4 states. In the parts of Iowa outside metro areas it ranked 48 of 465 lenders; GreenState Credit Union led there. In Waterloo-Cedar Falls it ranked 23 of 168, with 0.7% of lending, up from 0.5%.
Smaller than in 2020
It made 107 loans, down 5% from 113, while similar lenders grew 8% and the whole market 10%. That is about a third of its 2020 total of 302 loans, but close to its level since 2023, when it made 99. The 2020 peak may have been swollen by refinancing; purchases now make up most of its loans.
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
107 loans in 2025, against a peak of 302 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. GNB Bank took 137 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
70.1% of its 2025 loans were purchase loans; 96.3% were conventional loans.
Purchase 70.1% · Refinance 24.3% · Home improvement 3.7% · Other 1.9%
Conventional 96.3% · USDA (RHS or FSA) 3.7% · of 107 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
4 states, 5 metros, 22 counties
| State | Loans | Share |
|---|---|---|
| Iowa | 102 | 95.3% |
| Minnesota | 3 | 2.8% |
| Arkansas | 1 | 0.9% |
| Missouri | 1 | 0.9% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Waterloo-Cedar Falls | 26 |
| Ames | 7 |
| Des Moines-West Des Moines | 6 |
| Cedar Rapids | 3 |
| Kansas City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490072C0PMGDUJQU77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 724744 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 114066 | 2004–2011 |
| Respondent ID (the HMDA filer code before 2018) | 2724744 | 2012–2017 |
Established 16 March 1934. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: GNB Bank's data.
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