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C
Central Bank
Bank|Storm Lake, IA|Multi-Region
Loans Originated
679
Applications
824
Volume
$171 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.116%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,369
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 11.60 basis points below market average
- Strong pull through performance
- Particularly strong in Conventional and USDA loans
Report Card
Central Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 4 metro areas · 8 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$252,806
Average Borrower Income
$123,638
Average Property Value
$328,122
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Exceptional | 632 | 93.1% | -0.147% | $2,348 |
FHA Loans | Sound | Sound | N/A | Sound | 19 | 2.8% | +0.499% | $3,249 |
USDA Loans | Strong | Strong | N/A | Strong | 19 | 2.8% | +0.728% | $2,053 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 604 | 89.0% | -0.098% | $2,388 |
Refinance | Strong | Strong | Strong | Strong | 75 | 11.0% | -0.266% | $2,216 |
Geographic Coverage
Metro Areas
3
States Served
8
We count Washington DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
AZIAILKSMNNESDTX
Top Metro Areas by Place Specialization Score
1
Sioux City, IAMSA
Volume: 210Mix: 30.93%
Place Specialization
Exceptional
2
Des Moines, IAMSA
Volume: 128Mix: 18.85%
Place Specialization
Strong
3
Sioux Falls, SD, SD-MNMSA
Volume: 79Mix: 11.63%
Place Specialization
Strong
Top States by Place Specialization Score
1
IAState
Volume: 495Mix: 72.90%
Place Specialization
Exceptional
2
SDState
Volume: 125Mix: 18.41%
Place Specialization
Strong
3
NEState
Volume: 43Mix: 6.33%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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