Applications / Mortgage Analytics / Lenders / Iowa / West Bank
West Des Moines, IA · State non-member bank · FDIC · $4.1 billion assets · 55 loans in 2025
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55
loans originated, 2025
65
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
West Bank, an Iowa lender, nearly doubled its loans in 2025, and its typical loan was more than three times the size of its peers'.
It made 55 loans in 2025, up 83% from 30, while similar lenders (state non-member banks making between half and twice as many loans) grew 7%. That was faster than all but a few of them. It still made half as many loans as the 110 of 2020.
Its typical loan was $585,000, against $165,000 at similar lenders, larger than nearly all of them. It was $415,000 in 2024 and $175,000 in 2020. Only 5.0% of its loans were jumbo (larger than the conforming limit), so jumbo home loans do not explain the size; whether a few loans on larger properties drive it is an open question.
In Iowa City, where it has lent since at least 1990, its share rose from 0.6% to 1.7%, ranking it 7 of 171 lenders; GreenState Credit Union and Hills Bank and Trust Company lead. Its share of St. Cloud rose from 0.1% to 0.5%. In Des Moines-West Des Moines its share slipped from 0.6% to 0.5%, a small move on few loans.
It made 26.7% of its loans to low- and moderate-income (LMI) borrowers and 20.6% in LMI neighborhoods, near its peers' 27.4% and 18.5%. Most of its loans, 65.5%, were for home purchase.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. West Bank took 65 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.5% · Refinance 29.1% · Home improvement 3.6% · Other 1.8%
Conventional 100.0% · of 55 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 | 26 | 47.3% |
| Minnesota | 8 | 14.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Iowa City | 15 |
| Des Moines-West Des Moines | 11 |
| St. Cloud | 4 |
| Rochester | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 89Z2WRK82BORVH42CP71 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 139740 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315614 | 1990–2017 |
Established 1 January 1893. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: West Bank's data.
West Bank's data
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