Farmers State Bank in Iowa vs the state
7.5%Denial rate-5.39 pts vs state
7.6%Decision denial rate-7.69 pts vs state
75.4%Origination rate+6.98 pts vs state
6.75%Median rate+0.25 pts vs state
0.25Rate spread (pts)+0.06 pts vs state
$101kMedian applicant income
384Loans originated
38Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 335 | 222 | 9.3% | 7.42% | #55 |
| 2024 | 419 | 311 | 5.3% | 6.95% | #53 |
| 2025 | 509 | 384 | 7.5% | 6.75% | #43 |
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 |
|---|---|---|---|---|
| Black Hawk County | 225 | 174 | 19 | 8.4% |
| Bremer County | 70 | 45 | 8 | 11.4% |
| Buchanan County | 51 | 40 | 6 | 11.8% |
| Polk County | 43 | 32 | 0 | 0.0% |
| Dallas County | 34 | 22 | 3 | 8.8% |
| Butler County | 20 | 16 | 1 | 5.0% |
| Grundy County | 8 | 5 | 0 | 0.0% |
| Chickasaw County | 8 | 6 | 0 | 0.0% |
| Story County | 8 | 8 | 0 | 0.0% |
| Linn County | 7 | 7 | 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: 509 applications in 2025, of which 384 were originated and 38 denied.
7.5% of all applications, or 7.6% 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 6.75%, 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