Applications / Mortgage Analytics / Lenders / Iowa / Readlyn Savings Bank
Readlyn, IA · State non-member bank · FDIC · $148 million assets · 25 loans in 2025
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25
loans originated, 2025
25
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Readlyn Savings Bank, a small Iowa bank, made 25 home loans in 2025, many of them refinances and home-improvement loans of modest size.
Its typical loan was $105,000, against $175,000 at similar lenders, which are state non-member banks making between half and twice as many loans. That is smaller than nearly nine in ten of them. Refinances were 40.0% of its lending, purchases 36.0% and home improvement 20.0%, and home-improvement loans tend to be small.
It filed no report for 2020, 2021 or 2022. Since 2020 a bank making fewer than 100 closed-end loans a year need not report, so these are gaps in the record, not years without lending. It made 30 loans in 2024 and 25 in 2025.
It has reported since 1990 and has long lent around Waterloo-Cedar Falls, where it ranked 45 of 168 lenders in 2025. Its share there fell to 0.2% from 0.6%, along with fewer loans and a smaller dollar total, $3.2 million against $4.5 million. With so few loans, a few large ones in one year can move its share a lot.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Readlyn Savings Bank took 25 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 40.0% · Purchase 36.0% · Home improvement 20.0% · Other 4.0%
Conventional 100.0% · of 25 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 | 24 | 96.0% |
| Florida | 1 | 4.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Waterloo-Cedar Falls | 16 |
| Cedar Rapids | 1 |
| Iowa City | 1 |
| North Port-Bradenton-Sarasota | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300746Y6FYNYAGB59 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 287342 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39300 | 1990–2017 |
Established 15 May 1904. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Readlyn Savings Bank's data.
Readlyn Savings Bank's data
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