Applications / Mortgage Analytics / Lenders / Iowa / State Savings Bank
West Des Moines, IA · State non-member bank · FDIC · $274 million assets · 43 loans in 2025
State Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
43
loans originated, 2025
56
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
State Savings Bank, of West Des Moines, makes most of its few home loans to buyers, and more of them in poorer neighborhoods than most similar banks do.
Purchases made up 74.4% of its 43 loans in 2025. That is 5% more loans than in 2024, a little faster than the typical growth of 2% among similar lenders (state non-member banks making between half and twice as many loans). Its typical loan, $165,000, matched theirs.
Some 26.2% of its loans went to low- and moderate-income (LMI) neighborhoods, against 18.6% at similar lenders, more than about two-thirds of them. Its share to LMI borrowers, 23.1%, sits a little below the middle. With 43 loans, a few loans move either share a long way.
Its share of the Des Moines-West Des Moines market fell from 0.4% to 0.2%, ranking 87 of 396. Its loans held steady, but their value fell from $18.1 million to $16.4 million while lending across the whole market rose 10%. With so few loans, a handful more or fewer in Des Moines could account for much of the fall. Part of its lending is also in rural Iowa. GreenState Credit Union leads the Des Moines market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. State Savings Bank took 56 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.4% · Refinance 23.3% · Other 2.3%
Conventional 100.0% · of 43 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 | 43 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 37 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900OZCVAL2OC4DT59 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 762045 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3248 | 2002–2017 |
Established 4 July 1894. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: State Savings Bank's data.
State Savings Bank's data
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State 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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