Applications / Mortgage Analytics / Lenders / Iowa / Northeast Security Bank
Sumner, IA · State non-member bank · FDIC · $449 million assets · 84 loans in 2025
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84
loans originated, 2025
87
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northeast Security Bank, a rural Iowa lender, has grown steadily since 2019 while making smaller loans than similar banks.
It made 84 loans in 2025, up 14% on the year, faster than similar banks (state non-member banks making between half and twice as many loans), which grew 9%. It made 65 in 2019, 68 in 2023 and 74 in 2024. It filed no report for 2020 to 2022, a gap in the record rather than years without lending. It merged with Security State Bank in 2018 and First State Bank in 2021; those deals may have brought it customers.
Purchases took 47.6% of its loans, refinancing 26.2% and home improvement 23.8%. Its typical loan was $125,000, against $175,000 at peers, smaller than at about four in five. All its loans were conventional.
Its biggest market is non-metro Iowa, where it ranks 62 of 465; GreenState Credit Union leads. Its lending reaches 20 counties in two states.
It has lent in Waterloo-Cedar Falls since 1992 and ranks 36 of 168 there, behind Veridian Credit Union and GreenState Credit Union. Its share there fell to 0.2% from 0.4%. It may have shifted loans to newer markets: it entered Minneapolis-St. Paul in 2024 and Davenport-Moline-Rock Island in 2025.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Northeast Security Bank took 87 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.6% · Refinance 26.2% · Home improvement 23.8% · Other 2.4%
Conventional 100.0% · of 84 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 | 81 | 96.4% |
| Minnesota | 3 | 3.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Waterloo-Cedar Falls | 14 |
| Cedar Rapids | 2 |
| Des Moines-West Des Moines | 2 |
| Davenport-Moline-Rock Island | 1 |
| Minneapolis-St. Paul-Bloomington | 1 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900UKANDAKWQ7CR03 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 442244 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 318384 | 1992–2017 |
Established 1 January 1888. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Northeast Security Bank's data.
Northeast Security Bank's data
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