Applications / Mortgage Analytics / Lenders / Iowa / Chelsea Savings Bank
Belle Plaine, IA · State non-member bank · FDIC · $200 million assets · 36 loans in 2025
Chelsea Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
36
loans originated, 2025
36
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Chelsea Savings Bank, a small Iowa bank in Belle Plaine, makes modest loans and lends to borrowers of modest means far more than similar banks do.
Borrowers with low or moderate incomes took 46.9% of its loans in 2025, against 26.7% at similar lenders (state non-member banks making between half and twice as many loans). That is a higher share than nearly nine in ten of them. Its typical loan was $95,000, against $170,000, smaller than more than nine in ten. Small loans and lower-income borrowers tend to go together.
It made 36 loans, up 33% from 27 in 2024, while similar lenders held level and the whole market grew 10%. That was faster growth than about four in five similar lenders. It filed no report for 2020 to 2022, so those years are a gap in the record, not years without lending. At this size a few loans either way swing the growth rate.
It lends in one state, across 9 counties and two metros, and first reported in 2004. Its largest markets are rural Iowa and Cedar Rapids, where it ranked 61 of 210 lenders with 0.1% of the dollars, unchanged from 2024. GreenState Credit Union leads both. Purchases made up 47.2% of its loans and refinances 44.4%, all of them conventional.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Chelsea Savings Bank took 36 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.2% · Refinance 44.4% · Other 8.3%
Conventional 100.0% · of 36 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 | 36 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cedar Rapids | 13 |
| Waterloo-Cedar Falls | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900YUF5NHPY7YH136 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 771748 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315427 | 2004–2017 |
Established 19 October 1936. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Chelsea Savings Bank's data.
Chelsea Savings Bank's data
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Chelsea 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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