Manufacturers Bank & Trust Company
Also written as MB&T
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Data as of · sourced from FFIEC call reports. How we update
Manufacturers Bank & Trust Company is an FDIC-insured commercial bank headquartered in Forest City, IA, supervised by the FDIC, with $738.2M in total assets at Q2 2026, up 1.5% from Q2 2025, the 39th largest of 225 banks headquartered in Iowa. It was established in 1945 and holds FDIC certificate 16307. Its CET1 capital ratio was 12.88% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16307
- Headquarters
- Forest City, IA
- Established
- 1945
- Total assets, Q2 2026
- $738.2M
- Assets vs Q2 2025
- +1.5%
- CET1 ratio, Q2 2026
- 12.88%
- Domestic offices
- 9 · Manufacturers Bank & Trust Company branches FDIC institution directory, current count
- Routing number
- 073922021
- Safety and soundness
- Is Manufacturers Bank & Trust Company safe?
- Latest call report
- Q2 2026, FFIEC 051 · Manufacturers Bank & Trust Company Q3 2026 call report, filed October 27, 2026 (preliminary)
- Holding company
- MBT CORP.
- Asset rank in state
- 39th of 225 in Iowa
Problem loans are rising at Manufacturers Bank & Trust Company. Based in Forest City, Iowa, it had $738 million in assets at June 30, 2026, up 1.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.91% of loans from 0.50% a year earlier. It grew its loan book 0.6% over the year, a small fraction of the median of 5.5% for the 2,627 banks with $100 million to $1 billion in assets.
Paper losses on its bond portfolio are shrinking: unrealized losses of $6.3 million equal 8% of Tier 1 capital, down from 13% a year earlier.
As of June 30, 2026, Manufacturers Bank & Trust Company reported a CET1 capital ratio of 12.88%, a return on assets of 1.48%, a nonperforming-loan ratio of 0.94% and a Texas ratio of 6.06%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Manufacturers Bank & Trust Company is the 39th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.4% to $738.2M, loans rose 0.6% and deposits rose 1.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 20.7% of total loans, ahead of commercial and industrial loans at 18.4%. Its 9 offices in the FDIC Summary of Deposits are in 9 cities across 2 states; its Forest City office books 32% of its branch deposits. By the capital ratios in its Q2 2026 call report, Manufacturers Bank & Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 245 E J St, Forest City, IA 50436
- County
- Winnebago
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- September 1, 1945
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 117
- Domestic deposits
- $640.4M
- Allowance for credit losses
- $7.9M
- Net charge-offs (YTD)
- -$6K
- Average total assets
- $735.1M
- Average total loans
- $514.4M
- Average interest-bearing deposits
- $514.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 1, 1945
- FDIC Cert
- 16307
- Fed RSSD
- 215345
- Website
- www.mbtbank.bank →
- Parent Holding Company
- MBT CORP. (RSSD 2269977)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Manufacturers Bank & Trust Company's total assets moved between a low of $726.3M (Q3 2025) and a high of $775.4M (Q4 2023) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$738.2M total assets against $727.1M; $658.3M total liabilities against $653.2M.
$508.1M net loans and leases against $505.6M; $640.4M total deposits against $627.1M.
$155.6M securities against $160.4M; $30.7M cash and balances due against $16.0M.
$9.2M total interest income against $9.1M; $2.9M total interest expense against $3.1M.
$6.3M net interest income against $5.9M.
$1.5M total noninterest income against $1.5M; $4.8M total noninterest expense against $4.6M.
$229K provision for credit losses against $180K.
$2.7M net income against $2.6M.
1.48% return on assets against 1.41%; 3.80% net interest margin against 3.55%.
12.88% CET1 capital ratio against 12.73%; 10.44% tier 1 leverage ratio against 10.04%.
Inside the full Manufacturers Bank & Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeManufacturers Bank & Trust Company rankings
Its closest position to the top of a national ranking is 1,112 of 3,640, for Texas Ratio; its furthest is 1,446 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 1.48% (Q2 2026) and its net interest margin ran from 3.01% (Q4 2024) to 3.80% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.88% | 1.48% | 0.94% | 6.06% | 3.80% |
| Q1 2026 | 12.77% | 1.16% | 0.72% | 4.64% | 3.71% |
| Q4 2025 | 12.89% | 1.35% | 0.53% | 3.38% | 3.66% |
| Q3 2025 | 13.05% | 1.20% | 1.69% | 10.97% | 3.55% |
| Q2 2025 | 12.73% | 1.41% | 0.58% | 3.64% | 3.55% |
| Q1 2025 | 12.24% | 0.94% | 0.75% | 5.78% | 3.18% |
| Q4 2024 | 11.99% | 0.87% | 0.83% | 6.77% | 3.01% |
| Q3 2024 | 11.91% | 1.07% | 0.65% | 5.21% | 3.09% |
Swipe the table sideways to see every column.
Branch Network
View all 9 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Manufacturers Bank & Trust Company (main office) | Forest City , IA | 50436 | $205.2M |
| Lake Mills Branch | Lake Mills , IA | 50450 | $77.1M |
| Blooming Prairie Branch | Blooming Prairie , MN | 55917 | $74.3M |
| Clear Lake Branch New | Clear Lake , IA | 50428 | $69.4M |
| Hayfield Branch | Hayfield , MN | 55940 | $63.5M |
| Dodge Center Branch | Dodge Center , MN | 55927 | $47.6M |
| Austin Branch | Austin , MN | 55912 | $35.6M |
| Mantorville Branch | Mantorville , MN | 55955 | $35.0M |
| Rochester #2 Branch | Rochester , MN | 55901 | $32.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 18, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 18, 2021 | Structure Change | Acquired Citizens State Bank of Hayfield Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 17, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 83 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 257 applications, 224 loans originated, $43.5M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Manufacturers Bank & Trust Company
What are Manufacturers Bank & Trust Company's total assets?
As of the Q2 2026 filing, Manufacturers Bank & Trust Company reported total assets of $738.2 million in its FFIEC call report.
Where is Manufacturers Bank & Trust Company headquartered?
It is headquartered in Forest City, IA, United States.
When was Manufacturers Bank & Trust Company founded?
It was established in 1945, per the FDIC institution directory.
Is Manufacturers Bank & Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16307). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Manufacturers Bank & Trust Company?
Manufacturers Bank & Trust Company's primary federal regulator is the FDIC.
What is Manufacturers Bank & Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.88% in its Q2 2026 call report, above regulatory requirements.
How many branches does Manufacturers Bank & Trust Company operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Manufacturers Bank & Trust Company's Texas Ratio?
Its Texas Ratio is 6.06% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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