Applications / Mortgage Analytics / Lenders / Iowa / TruBank
Indianola, IA · State non-member bank · FDIC · $484 million assets · 87 loans in 2025
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87
loans originated, 2025
98
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TruBank, a community bank in Indianola, Iowa, lends more to lower-income borrowers than most banks its size, and its loans rose by more than a quarter in 2025.
Borrowers with low or moderate incomes (LMI) took 41.2% of its loans, against 27.3% at similar lenders (state non-member banks making between half and twice as many loans), more than at almost nine in ten of them. Homes in LMI neighborhoods drew 24.1%, also above peers' 18.4%. These are the measures the Community Reinvestment Act asks banks about.
Refinances made up 44.8% of its loans and purchases 41.4%. Its typical loan was $125,000, against $175,000 at similar lenders, so its 87 loans came to $16.3 million, below the typical peer's $24.4 million. Lending to borrowers of modest means may account for part of the smaller size.
Its loans rose 28%, from 68 to 87, faster than about three in four similar lenders, while peers grew 9% and the whole market 10%. In Des Moines-West Des Moines its share held at 0.2%, ranking it 70 of 396 lenders; three credit unions lead there, GreenState Credit Union, Veridian Credit Union and Community Choice Credit Union. It has lent in that market since 1995, and in Cedar Rapids its share rose to 0.1%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. TruBank took 98 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 44.8% · Purchase 41.4% · Home improvement 8.0% · Other 5.7%
Conventional 100.0% · of 87 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 | 85 | 97.7% |
| Missouri | 2 | 2.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 74 |
| Cedar Rapids | 3 |
| Ames | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900AKNL0HLB9M9B52 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 862141 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 325267 | 1995–2017 |
Established 1 January 1883. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: TruBank's data.
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