Applications / Mortgage Analytics / Lenders / Iowa / Kerndt Brothers Savings Bank
Lansing, IA · State non-member bank · FDIC · $335 million assets · 37 loans in 2025
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37
loans originated, 2025
55
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Kerndt Brothers Savings Bank, an Iowa bank, made 37 loans in 2025, under a fifth of the 196 it made in 2020, yet its share of the Dubuque market grew.
Its loans fell from 196 in 2020 to 98 in 2022 and 33 in 2024. In 2025 they rose 12% to 37, while the typical similar bank (a state non-member bank making between half and twice as many loans) did not grow at all. The peak may owe much to the burst of refinancing in 2020 and 2021; refinances are now 29.7% of its loans. Why the decline ran on into 2024 is a question the record cannot answer.
Its share of Dubuque rose to 0.8% from 0.6%, ranking it 21 of 114 lenders. Dupaco Community Credit Union leads with $129.3M. Its largest market is non-metro Iowa, where it ranks 110 of 465.
Low- and moderate-income borrowers took 36.0% of its loans, against 26.7% at its peers, a higher share than about seven in ten. With only 37 loans, a few loans more or less would move that figure noticeably.
Purchases made up 67.6% of its loans and refinances 29.7%, all conventional. Its typical loan, $175,000, matches its peers'.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Kerndt Brothers Savings Bank took 55 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 67.6% · Refinance 29.7% · Home improvement 2.7%
Conventional 100.0% · of 37 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 | 30 | 81.1% |
| Wisconsin | 5 | 13.5% |
| Illinois | 1 | 2.7% |
| Minnesota | 1 | 2.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Dubuque | 4 |
| La Crosse-Onalaska | 2 |
| Des Moines-West Des Moines | 1 |
| Iowa City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300C1FRYGOIEXG035 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 665146 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38761 | 2010–2017 |
Established 14 January 1908. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Kerndt Brothers Savings Bank's data.
Kerndt Brothers Savings Bank's data
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Kerndt Brothers 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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