Iowa SBA 7(a) Lender Rankings for FY 2023

RANKLender# Loans$ AmountAverage Loan Size
1Lincoln Savings Bank (IA)25$9,044,100$361,764
2Newtek Small Business Finance, Inc. (NY)8$6,985,000$873,125
3Celtic Bank Corporation (UT)4$4,728,000$1,182,000
4First Interstate Bank (MT)4$4,025,200$1,006,300
5TD Bank, National Association (DE)1$4,000,000$4,000,000
6Live Oak Banking Company (NC)3$3,360,000$1,120,000
7East West Bank (CA)2$3,093,000$1,546,500
8Fund-Ex Solutions Group, LLC (FL)3$3,021,500$1,007,167
9Northwest Bank (IA)9$2,918,200$324,244
10Readycap Lending, LLC (NJ)4$2,753,500$688,375
11Fortress Bank (IL)2$2,729,000$1,364,500
12First Internet Bank of Indiana (IN)1$2,670,000$2,670,000
13Community 1st CU (IA)19$2,297,900$120,942
14The Huntington National Bank (OH)12$2,214,000$184,500
15Farmers State Bank (IA)12$2,202,000$183,500
16Iowa State Bank (IA)2$1,990,700$995,350
17City State Bank (IA)2$1,867,000$933,500
18Two Rivers Bank & Trust (IA)5$1,859,400$371,880
19MidWestOne Bank (IA)11$1,845,400$167,764
20Dogwood State Bank (NC)3$1,826,100$608,700
21Citizens First Bank (IA)8$1,782,700$222,838
22OakStar Bank (MO)1$1,510,000$1,510,000
23TruBank (IA)5$1,271,700$254,340
24Guthrie County State Bank (IA)2$1,234,800$617,400
25Hills Bank and Trust Company (IA)9$1,138,600$126,511
26First Chatham Bank (GA)2$1,055,000$527,500
27Charter Bank (IA)1$1,039,000$1,039,000
28U.S. Bank, National Association (OH)26$1,015,700$39,065
29First State Bank Nebraska (NE)2$996,800$498,400
30The Fidelity Bank (NC)1$977,000$977,000
31Farmers & Merchants Savings Bank (IA)6$898,500$149,750
32South Ottumwa Savings Bank (IA)4$872,200$218,050
33BayFirst National Bank (FL)6$838,900$139,817
34First Bank (IA)4$792,500$198,125
35Arbor Bank (NE)1$777,000$777,000
36Bank Midwest (IA)2$762,000$381,000
37Clear Lake Bank & Trust Company (IA)5$752,500$150,500
38Bank Iowa (IA)8$739,800$92,475
39Heartland Bank (IA)3$721,200$240,400
40Northwest Bank (PA)2$691,000$345,500
41Fairfax State Savings Bank (IA)4$670,000$167,500
42Great Plains State Bank (NE)2$656,000$328,000
43United Bank of Iowa (IA)5$649,700$129,940
44Cedar Rapids Bank and Trust Company (IA)4$644,600$161,150
45Mechanics & Farmers Bank (NC)1$596,000$596,000
46BMO Bank National Association (WI)2$588,300$294,150
47Newtek Bank, National Association (FL)2$569,000$284,500
48First Citizens Bank (IA)2$555,000$277,500
49FWBank (IL)1$544,400$544,400
50United Midwest Savings Bank, National Association (OH)4$525,000$131,250
51Wheaton Bank & Trust Company, National Association (IL)1$500,000$500,000
52Freedom Financial Bank (IA)1$500,000$500,000
53Cadence Bank (MS)2$490,000$245,000
54The Bank of Edison (GA)1$472,500$472,500
55South Story Bank & Trust (IA)1$470,000$470,000
56First Central State Bank (IA)1$425,000$425,000
57CBI Bank & Trust (IA)2$385,000$192,500
58Leighton State Bank (IA)2$382,500$191,250
59State Savings Bank (IA)1$350,000$350,000
60First Savings Bank (IN)1$350,000$350,000
61Bell Bank (ND)1$349,500$349,500
62Fidelity Bank & Trust (IA)1$300,000$300,000
63Blackhawk Bank & Trust (IL)1$267,700$267,700
64Security Savings Bank (SD)1$257,700$257,700
65VisionBank of Iowa (IA)1$250,000$250,000
66Northeast Bank (ME)1$250,000$250,000
67Cache Valley Bank (UT)1$250,000$250,000
68Raccoon Valley Bank (IA)1$200,000$200,000
69United Bank & Trust Co (IA)1$180,000$180,000
70Liberty National Bank (IA)1$150,000$150,000
71Equitable Bank (NE)1$150,000$150,000
72Cherokee State Bank (IA)1$150,000$150,000
73Bankers Trust Company (IA)1$150,000$150,000
74Peoples Bank (MS)1$144,900$144,900
75Wells Fargo Bank, National Association (SD)7$100,000$14,286
76Colony Bank (GA)1$100,000$100,000
77Union Bank and Trust Company (NE)1$75,200$75,200
78First State Bank (IA)1$73,500$73,500
79Midwest Heritage Bank, F.S.B. (IA)1$72,000$72,000
80The Clinton National Bank (IA)1$50,000$50,000

Source: Lumos Data