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State Exchange Bank, The

Mankato, KS · Cert 17375

State charter, non-member · FDIC · 1 branch

Q2 2026

$50.9MAssets
$17.1MLoans
$46.5MDeposits
$4.1MEquity
Loan mix
85%RE $9.2M4%C&I $0.4M11%Consumer $1.2MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $34.9M25%Noninterest $11.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.01%, up 30 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 1.85% of loans (-82 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 12.25%, down 59 bps from a year ago.
  • Funding: loans stand at 36.70% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.01%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.07%+2 bps YoY

Efficiency Ratio (YTD, annualized)

64.42%-611 bps YoY

Tier 1 Leverage Ratio

12.25%-59 bps YoY

NIM

4.44%Q2 ’244.43%Q2 ’254.32%Q2 ’26-3%+1%

Non-interest income vs. expense

1.99%Q2 ’242.26%Q2 ’252.10%Q2 ’26+15%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.90%0.68%0.70%0.71%0.78%0.58%1.24%1.01%+30 bps
Return on Equity12.02%9.50%10.45%10.22%10.55%7.84%15.47%12.46%+224 bps
Net Interest Margin3.18%3.01%2.97%3.05%3.20%3.01%3.02%3.07%+2 bps
Efficiency Ratio63.53%72.12%69.60%70.53%65.57%72.74%60.88%64.42%-611 bps
Non-Interest Burden1.96%2.13%2.03%2.11%2.04%2.15%1.74%1.91%-20 bps
Growth
Asset Growth (YoY)-5.80%-3.60%1.44%7.70%2.31%10.69%1.46%16.54%+884 bps
Loan Growth (YoY)-11.12%-2.89%4.81%0.73%0.19%7.11%4.89%6.49%+576 bps
Deposit Growth (YoY)-10.33%-3.64%1.19%8.27%2.31%9.48%-0.30%15.97%+770 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.46%0.51%2.67%2.48%1.84%2.08%1.85%-82 bps
Net Charge-Offs / Loans-0.12%-0.07%0.86%0.32%0.26%0.17%0.00%0.08%-24 bps
Allowance / Loans1.53%1.56%1.49%1.42%1.48%1.41%1.58%1.40%-2 bps
Allowance Coverage of NPLs3.0x3.4x2.9x0.5x0.6x0.8x0.8x0.8x+0.2x
Capital
Tier 1 Leverage Ratio13.33%12.38%12.08%12.84%13.34%12.23%12.06%12.25%-59 bps
Total Risk-Based Capital13.33%12.38%12.08%12.84%13.34%12.23%12.06%12.25%-59 bps
Equity / Assets9.05%6.34%7.06%7.44%9.16%7.39%8.83%8.15%+71 bps
Liquidity & Funding
Loans / Deposits44.81%34.63%34.93%39.97%43.88%33.88%36.75%36.70%-327 bps
Liquid Assets / Assets0.04%0.03%0.03%0.04%0.04%0.03%0.04%0.03%-1 bps
CRE / Total Capitaln/an/an/an/a19.10%19.28%23.16%n/an/a