Applications / Mortgage Analytics / Lenders / Iowa / Shelby County State Bank
Harlan, IA · State non-member bank · FDIC · $530 million assets · 164 loans in 2025
Shelby County State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
164
loans originated, 2025
181
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Shelby County State Bank, whose largest market is rural Iowa, makes small loans: its typical loan of $65,000 was the smallest among similar banks in 2025, and nearly half its borrowers had low or moderate incomes.
Its typical loan was $65,000, against $175,000 at similar lenders, here state non-member banks making between half and twice as many loans. It made more loans than the typical peer, 164 against 141, yet lent $16.3 million, less than half the peer figure of $39.9 million. Purchases were 44.5% of its loans; home improvement and refinancing were 21.3% each. All of its loans were conventional.
Some 47.5% of its borrowers had low or moderate incomes (LMI), against 27.9% at the typical peer, a higher share than at more than nine in ten similar banks. Small loans for improvements and other purposes are one plausible reason for that reach.
Its loans fell 5% in 2025, from 172 to 164, while similar banks and the whole market both grew 10%. The record is short: it first reported in 2023, with 132 loans, after filing no report from 2018 to 2022.
Its largest market is non-metro Iowa, where it ranked 69 of 465 lenders. In metro markets such as Omaha and Des Moines it is a minor lender.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Shelby County State Bank took 181 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 44.5% · Home improvement 21.3% · Refinance 21.3% · Other 12.8%
Conventional 100.0% · of 164 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 | 161 | 98.2% |
| Nebraska | 2 | 1.2% |
| Missouri | 1 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Omaha | 24 |
| Sioux City | 7 |
| Des Moines-West Des Moines | 4 |
| Ames | 1 |
| Iowa City | 1 |
| Kansas City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300CRGEK5FKX2UP02 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 536349 | 2023–2023 |
Established 2 August 1909. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Shelby County State Bank's data.
Shelby County State Bank's data
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