Applications / Mortgage Analytics / Lenders / Iowa / Keystone Savings Bank
Marengo, IA · State non-member bank · FDIC · $195 million assets · 45 loans in 2025
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45
loans originated, 2025
49
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Keystone Savings Bank, a small Iowa refinancing lender, lends to low- and moderate-income borrowers more than four in five similar banks do.
Refinances made up 57.8% of its 45 loans in 2025 and purchases 24.4%, all conventional. Its typical loan was $105,000, against $165,000 at similar banks (state non-member banks making between half and twice as many loans); nearly nine in ten lend more per loan.
Low- and moderate-income (LMI) borrowers took 43.8% of its loans, up from 29.0% a year earlier and against 27.7% at its peers. Its share in LMI neighborhoods moved the other way, to 11.1% from 23.5%. On 45 loans, a few deals can swing both figures.
Its loans rose 32% to 45, against 3% at its peers and 10% in the whole market. That leaves it well short of the 110 it made in 2020; its count fell to 37 in 2022 and 28 in 2023.
Its share of Cedar Rapids rose to 0.2% from 0.1%, ranking it 56 of 210 lenders. GreenState Credit Union leads with $299.0M.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Keystone Savings Bank took 49 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 57.8% · Purchase 24.4% · Other 11.1% · Home improvement 6.7%
Conventional 100.0% · of 45 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 | 44 | 97.8% |
| Alabama | 1 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cedar Rapids | 19 |
| Des Moines-West Des Moines | 4 |
| Ames | 1 |
| Daphne-Fairhope-Foley | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900I4Q994MFILTR26 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 931944 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 317993 | 2004–2017 |
Established 27 April 1935. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Keystone Savings Bank's data.
Keystone Savings Bank's data
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Keystone 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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