South Story Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, South Story Bank & Trust of Slater, IA reported 114 mortgage applications totaling $41.0 million, up 39% from 2024. The average application was for $359,649, and applicants reported an average income of $208,824. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Ames, IA (31), Minneapolis-St. Paul-Bloomington, MN-WI (31) and Des Moines-West Des Moines, IA (30) (applications in parentheses).
| Mortgage Company & Address | South Story Bank & Trust 501 Linn St Slater, IA 50244 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $41,000,000 |
| Average Mortgage Loan Application Amount | $359,649 |
| Highest Mortgage Loan Application Amount | $1,325,000 |
| Average Applicant Income | $208,824 |
| Highest Applicant Income | $3,405,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records South Story Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Ames, IA | 31 | $ 8,815,000 | $ 284,354 | $ 176,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 31 | $ 11,905,000 | $ 384,032 | $ 126,516 |
| Des Moines-West Des Moines, IA | 30 | $ 10,610,000 | $ 353,666 | $ 199,000 |
| Outside any metro area | 16 | $ 6,840,000 | $ 427,500 | $ 402,266 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 1,280,000 | $ 640,000 | $ 229,000 |
| Bismarck, ND | 1 | $ 285,000 | $ 285,000 | $ 66,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 485,000 | $ 485,000 | $ 797,000 |
| Sioux City, IA-NE-SD | 1 | $ 175,000 | $ 175,000 | $ 38,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 605,000 | $ 605,000 | $ 170,000 |
Mortgage Loan Application Detail Totals for South Story Bank & Trust in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 93 | $35,615,000 | $382,000 | $1,325,000 | $216,000 | $3,405,000 |
| Refinancing | 13 | $4,905,000 | $377,000 | $1,005,000 | $220,000 | $814,000 |
| Home Improvement | 5 | $315,000 | $63,000 | $105,000 | $117,000 | $138,000 |
| Other Purpose | 3 | $165,000 | $55,000 | $75,000 | $91,000 | $119,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 95 | $33,665,000 | $354,000 | $1,325,000 | $216,000 | $3,405,000 |
| Not applicable | 10 | $3,110,000 | $311,000 | $675,000 | $0 | $0 |
| Not Provided | 4 | $3,230,000 | $807,000 | $1,185,000 | $181,000 | $238,000 |
| Asian | 2 | $530,000 | $265,000 | $265,000 | $86,000 | $117,000 |
| Black or African American | 1 | $175,000 | $175,000 | $175,000 | $53,000 | $53,000 |
| Hispanic | 1 | $165,000 | $165,000 | $165,000 | $213,000 | $213,000 |
| American Indian or Alaskan Native | 1 | $125,000 | $125,000 | $125,000 | $34,000 | $34,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 113 | $40,825,000 | $361,000 | $1,325,000 | $210,000 | $3,405,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $175,000 | $175,000 | $175,000 | $60,000 | $60,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 106 | $38,220,000 | $360,000 | $1,325,000 | $214,000 | $3,405,000 |
| Application Withdrawn By Applicant | 5 | $2,465,000 | $493,000 | $1,005,000 | $154,000 | $237,000 |
| Application Denied By Financial Institution | 2 | $140,000 | $70,000 | $105,000 | $113,000 | $124,000 |
| Application Approved But Not Accepted | 1 | $175,000 | $175,000 | $175,000 | $60,000 | $60,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 114 | $41,000,000 | $359,000 | $1,325,000 | $209,000 | $3,405,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into South Story Bank & Trust's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess South Story Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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