American State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
75th4.7% deniedProcesswithdrawn + incomplete share, weight 15%
68th7.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 304 | 259 | 5.3% | 5.5% | 6.75% | $68M |
| 2024 | 326 | 269 | 6.4% | 6.9% | — | $86M |
| 2025 | 347 | 282 | 4.3% | 4.7% | — | $85M |
What American State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 64 investment properties.
Who gets approved at American State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 30 | 22 | 10.3% |
| $50k – $100k | 122 | 95 | 4.5% |
| $100k – $150k | 76 | 66 | 1.4% |
| $150k – $250k | 49 | 38 | 4.7% |
| Over $250k | 32 | 27 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 43 | 36 | 4.9% |
| 25–34 | 98 | 80 | 3.3% |
| 35–44 | 87 | 66 | 7.7% |
| 45–54 | 37 | 30 | 2.9% |
| 55–64 | 28 | 22 | 0.0% |
Where American State Bank lends
12 states and 44 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 286 | 238 | 4.2% | — | #79 |
| South Dakota | 41 | 32 | 4.9% | — | #83 |
| Nebraska | 5 | 2 | 0.0% | — | #299 |
Frequently asked questions
American State Bank denied 4.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 75th percentile of small mortgage lenders.
In 2025, 74% of its applications were for home purchases, 23% for refinancing (including cash-out), and 3% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.