# Central Bank

> **Canonical URL:** https://saferate.com/lenders/central-bank-ia


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Central Bank is a bank, headquartered in Storm Lake, IA, serving borrowers across 8 states, with 679 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 37% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 16% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300Q76VHK6FGPX546
- **Headquarters:** Storm Lake, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AZ, IA, IL, KS, MN, NE, SD, TX
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.116%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,369
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 679
- **Dollar Volume:** $172 million
- **Applications Received:** 824
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $252,806
- **Average Borrower Income:** $123,638
- **Average Property Value:** $328,122

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 77/100 | 632 | -0.147% | $2,348 | Strong 😀 |
| FHA | 60/100 | 19 | +0.499% | $3,249 | Sound ☺️ |
| USDA | 75/100 | 19 | +0.728% | $2,053 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 562 loans, Score: 78/100 (Strong)
- Refinance: 70 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 76/100 | 604 | $153M | -0.098% | Strong 😀 |
| Refinance | 67/100 | 75 | $19M | -0.266% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 495 | 1.40% | 82/100 |
| SD | 125 | 1.40% | 74/100 |
| NE | 43 | 0.20% | 58/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 239 | 67/100 |
| Sioux City, IA |  | 210 | 100/100 |
| Des Moines | IA | 128 | 75/100 |
| Sioux Falls, SD | SD-MN | 79 | 71/100 |

## Where This Lender Ranks

Central Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Iowa for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Sioux City, IA Banks
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/banks)
- 🥇 **#1** in Sioux City, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Iowa Banks
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks)
- 🥈 **#2** in Sioux City, IA
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders)
- 🥈 **#2** in Sioux City, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Sioux Falls, SD Banks
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks)
- 🥉 **#3** in South Dakota Banks
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks)
- 🥉 **#3** in Sioux Falls, SD
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders)
- 🏆 **#4** in Iowa for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Iowa for USDA Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/usda-loans)
- 🏆 **#4** in Sioux City, IA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🏆 **#4** in Sioux Falls, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Des Moines Banks
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks)
- 🏆 **#5** in South Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Sioux Falls, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Sioux City, IA for FHA Loans
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/fha-loans)
- 🏆 **#6** in Des Moines for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in South Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Central Bank offer?

Central Bank offers the following mortgage loan types: FHA, Conventional, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Central Bank offer mortgages?

Central Bank offers mortgages in 8 states: AZ, IA, IL, KS, MN, NE, SD, TX.

### How competitive are Central Bank's mortgage rates?

Central Bank has a pricing score of 63/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.116% below market average.

### What type of lender is Central Bank?

Central Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Storm Lake, IA.

### What is Central Bank's loan approval success rate?

Central Bank has a pull-through score of 84/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/central-bank-ia

### How to Cite

> "Central Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/central-bank-ia

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