Farmers State Bank in Iowa vs the state
6.2%Denial rate-6.64 pts vs state
6.3%Decision denial rate-9.03 pts vs state
75.7%Origination rate+7.19 pts vs state
6.63%Median rate+0.13 pts vs state
0.09Rate spread (pts)-0.10 pts vs state
$73kMedian applicant income
146Loans originated
12Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 161 | 116 | 6.2% | — | #105 |
| 2024 | 248 | 178 | 8.9% | 6.88% | #82 |
| 2025 | 193 | 146 | 6.2% | 6.63% | #105 |
What Farmers State Bank lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Farmers State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Linn County | 143 | 108 | 9 | 6.3% |
| Johnson County | 19 | 16 | 1 | 5.3% |
| Benton County | 5 | 5 | 0 | 0.0% |
| Buchanan County | 4 | 1 | 1 | 25.0% |
| Polk County | 4 | 2 | 1 | 25.0% |
| Jones County | 4 | 4 | 0 | 0.0% |
| Washington County | 3 | 2 | 0 | 0.0% |
| Story County | 2 | 1 | 0 | 0.0% |
| Cedar County | 2 | 2 | 0 | 0.0% |
| Delaware County | 2 | 2 | 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: 193 applications in 2025, of which 146 were originated and 12 denied.
6.2% of all applications, or 6.3% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Farmers State Bank originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Farmers State 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