Applications / Mortgage Analytics / Lenders / Illinois / Security Bank
Springfield, IL · Savings institution · FDIC · $257 million assets · 96 loans in 2025
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96
loans originated, 2025
116
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Bank, a Springfield savings bank, lends in poorer neighborhoods and to modest earners far more than almost any similar lender, and it grew fast in 2025.
Almost half its loans, 49.0%, went to poorer (low- and moderate-income, or LMI) neighborhoods, higher than at nearly all similar lenders, savings institutions making between half and twice as many loans. Their typical figure is 17.2%. Of its borrowers, 53.8% had LMI incomes, against 24.7% at similar lenders. Both shares were far lower in 2024, 29.8% and 28.9%.
Its typical loan was $125,000, about half the $245,000 at similar lenders and among the lowest tenth. Small loans fit lower-priced homes and modest incomes, which may help explain its LMI lending. Its lending in dollars, $17.3 million, was lower than at most similar lenders.
It made 96 loans, 68% more than the 57 of 2024, while similar lenders grew 3% and the whole market 10%. That is still far below the 338 of 2020. Purchases make up 55.2% of its loans.
In Springfield, Illinois, where it has lent since at least 1990, it ranks 18 of 217 lenders and its share rose to 1.5% from 1.0%. INB and Bank of Springfield lead.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Security Bank took 116 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.2% · Refinance 39.6% · Other 4.2% · Home improvement 1.0%
Conventional 100.0% · of 96 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 |
|---|---|---|
| Illinois | 92 | 95.8% |
| Iowa | 1 | 1.0% |
| Michigan | 1 | 1.0% |
| Texas | 1 | 1.0% |
| Wyoming | 1 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 87 |
| St. Louis | 2 |
| Dallas-Plano-Irving | 1 |
| Iowa City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BGIT0LFI12Z304 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 218878 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 4175 | 1990–1994 |
| Respondent ID (the HMDA filer code before 2018) | 327723 | 1995–2017 |
Established 1 January 1906. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Security Bank's data.
Security Bank's data
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Security 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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