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Central Bank

Bank•Storm Lake, IAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Central Bank — 679 loans across 824 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Strong
4/5
FHA · Conventional · USDA
Place
Exceptional
5/5
Multi-Region · 3 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate 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

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Report Card

Central Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 11.6 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 4 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume632
Mix93.1%
Spread
-0.147%Below
Fees
$2,348Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through
Sound
Volume19
Mix2.8%
Spread
+0.499%Above
Fees
$3,249Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume19
Mix2.8%
Spread
+0.728%Above
Fees
$2,053Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume604
Mix89.0%
Spread
-0.098%Below
Fees
$2,388Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume75
Mix11.0%
Spread
-0.266%Below
Fees
$2,216Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
679
Applications
824
Volume
$171 million
Pricing & Closing
Avg Rate Spread
-0.116%
vs. market APOR
Avg Net Fees
$2,369
Origination − Credits
Pullthrough Rate
82.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$252,806
Avg Borrower Income
$123,638
Avg Property Value
$328,122

Geographic Coverage

Geographic Performance

Metro Areas
3
markets with activity
States Served
8
of 50 states + DC
Avg Place Specialization
Exceptional
5/5

States with Loan Originations

8
8 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest6
IAILKSMNNESD
South1
TX
West1
AZ

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0
Sioux City, IAMetro
Volume 210Mix 30.93% of portfolio
100/100
Exceptional
2© Phil Roeder from Des Moines, IA, USA · CC BY 2.0
Des Moines, IAMetro
Volume 128Mix 18.85% of portfolio
75/100
Strong
3© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0
Sioux Falls, SD, SD-MNMetro
Volume 79Mix 11.63% of portfolio
71/100
Strong

Top States by Place Specialization Score

Iowa
Iowa
1
IowaState
Volume 495Mix 72.90% of portfolio
82/100
Exceptional
South Dakota
South Dakota
2
South DakotaState
Volume 125Mix 18.41% of portfolio
74/100
Strong
Nebraska
Nebraska
3
NebraskaState
Volume 43Mix 6.33% of portfolio
58/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.