Applications / Mortgage Analytics / Lenders / Wisconsin / Security State Bank
Iron River, WI · State non-member bank · FDIC · $139 million assets · 18 loans in 2025
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18
loans originated, 2025
24
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security State Bank is a very small Wisconsin lender, and its 18 loans in 2025 are too few to read much into.
It made 18 loans, down from 32 in 2024, while the typical similar lender (state non-member banks making between half and twice as many loans) made 15% fewer and the whole market grew 10%. In 2020 it made 103. With so few loans, a handful of borrowers either way swings the count, so one year's fall says little about the bank.
It filed no report for 2021 or 2022. Those are gaps in the record, not years without lending: since 2020 a bank making fewer than 100 closed-end loans a year need not report. It has reported since 1990.
Its largest metro market is Duluth, where it ranked 98 of 318 lenders; North Shore Bank of Commerce led. It also lends in non-metro Wisconsin, where it ranked 377 of 659. All its loans were 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Security State Bank took 24 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 66.7% · Purchase 33.3%
Conventional 100.0% · of 18 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 |
|---|---|---|
| Wisconsin | 18 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Duluth | 7 |
| Minneapolis-St. Paul-Bloomington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BUNVNXN3U3OF88 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 43052 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 39036 | 1990–2017 |
Established 6 June 1911. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Security State Bank's data.
Security State Bank's data
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Security State 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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