# BANK

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

> **📋 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

BANK is a bank, headquartered in Wapello, IA, serving borrowers across 8 states, with 120 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 14% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 54% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 2549000C5KZ15Q2U9V68
- **Headquarters:** Wapello, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** CO, IA, IL, MN, MO, NC, NE, SD
- **Markets (MSAs):** 2
- **Primary Channel:** mix
- **Direct Origination:** 54.6%
- **Brokered/Wholesale:** 45.4%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.482%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,083
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 120
- **Dollar Volume:** $27 million
- **Applications Received:** 196
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $221,750
- **Average Borrower Income:** $108,425

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 39/100 | 120 | -0.482% | $1,083 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 93 loans, Score: 37/100 (Acceptable)
- Refinance: 27 loans, Score: 42/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 37/100 | 93 | $22M | -0.338% | Acceptable 🙂 |
| Refinance | 41/100 | 27 | $5M | -0.946% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 107 | 0.30% | 70/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 73 | 56/100 |
| Des Moines | IA | 47 | 66/100 |

## Frequently Asked Questions

### What loan types does BANK offer?

BANK offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BANK offer mortgages?

BANK offers mortgages in 8 states: CO, IA, IL, MN, MO, NC, NE, SD.

### How competitive are BANK's mortgage rates?

BANK has a pricing score of 86/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.482% below market average.

### What type of lender is BANK?

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

### What is BANK's loan approval success rate?

BANK has a pull-through score of 46/100 (Sound). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/bank

### How to Cite

> "BANK Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank

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