Farmers & Merchants Savings Bank in Iowa vs the state
4.6%Denial rate-8.31 pts vs state
5.1%Decision denial rate-10.23 pts vs state
78.8%Origination rate+10.33 pts vs state
—Median rate
—Rate spread (pts)
$109kMedian applicant income
52Loans originated
3Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 75 | 68 | 2.7% | — | #169 |
| 2024 | 76 | 68 | 1.3% | — | #171 |
| 2025 | 66 | 52 | 4.6% | — | #192 |
What Farmers & Merchants Savings Bank lends in Iowa
By loan purpose
By loan type
Where in Iowa
Counties with the most Farmers & Merchants Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jones County | 21 | 16 | 1 | 4.8% |
| Linn County | 14 | 12 | 1 | 7.1% |
| Delaware County | 14 | 11 | 0 | 0.0% |
| Dubuque County | 4 | 2 | 1 | 25.0% |
| Benton County | 3 | 1 | 0 | 0.0% |
| Polk County | 2 | 2 | 0 | 0.0% |
| Clayton County | 2 | 2 | 0 | 0.0% |
| Buchanan County | 1 | 1 | 0 | 0.0% |
| Iowa County | 1 | 1 | 0 | 0.0% |
| Scott County | 1 | 1 | 0 | 0.0% |
Other large lenders in Iowa
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| GREENSTATE Credit Union | B | 13,829 | 5.9% | 6.50% |
| Veridian Credit Union | B | 8,725 | 8.9% | 6.49% |
| Rocket Mortgage | C | 3,761 | 22.7% | 6.63% |
| Hills Bank and Trust | A | 3,434 | 6.1% | 6.25% |
| U.S. Bank | D | 2,720 | 25.7% | 7.00% |
| Dupaco Community | A | 2,669 | 16.1% | 7.00% |
| Community Choice Credit Union | B | 2,653 | 11.8% | 6.13% |
| Iowa Bankers Mortgage | B | 2,423 | 15.4% | 6.50% |
| Broker Solutions | D | 2,386 | 6.4% | 6.75% |
| Northwest Bank | A | 2,181 | 5.7% | 6.38% |
Frequently asked questions
Iowa: 66 applications in 2025, of which 52 were originated and 3 denied.
4.6% of all applications, or 5.1% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Farmers & Merchants Savings Bank's own HMDA filing for properties located in Iowa, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology