Sandhills State Bank
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Data as of · sourced from FFIEC call reports. How we update
Sandhills State Bank is an FDIC-insured commercial bank headquartered in North Platte, NE, established in 1902 (FDIC certificate 13892), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $382.8M, up 6.1% from Q2 2025, the 52nd largest of 138 banks headquartered in Nebraska. Its CET1 capital ratio was 10.78% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13892
- Headquarters
- North Platte, NE
- Established
- 1902
- Total assets, Q2 2026
- $382.8M
- Assets vs Q2 2025
- +6.1%
- CET1 ratio, Q2 2026
- 10.78%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 104105283
- Holding company
- SANDHILLS FINANCIAL SERVICES, LLC
- Asset rank in state
- 52nd of 138 in Nebraska
Sandhills State Bank operates with a thinner capital cushion than most banks of its size. Based in North Platte, Nebraska, it had $383 million in assets at June 30, 2026, up 6.1% from a year earlier. It holds common equity equal to 10.78% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also grew deposits 13.5% over the year, about triple the median of 4.0% for banks its size.
Deposits are coming in faster than loans: over the year loans rose 3.3% and deposits rose 13.5%. The commercial and industrial book ($49 million) is worsening: 2.37% of it is past due or on nonaccrual, up from 0.35% a year earlier.
As of June 30, 2026, Sandhills State Bank reported a CET1 capital ratio of 10.78%, a return on assets of 1.51%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 1.54%. The figures come from its call report filed with the FFIEC.
Of the 138 banks headquartered in Nebraska, Sandhills State Bank is the 52nd largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.1% to $382.8M, loans rose 6.3% and deposits rose 2.1%. Agricultural production loans made up 34.9% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 29.7%. The FDIC Summary of Deposits lists 10 offices for it, in 10 cities in NE; its North Platte office books 24% of its branch deposits. Judged on its Q2 2026 call report, Sandhills State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 203 S Dewey St, North Platte, NE 69101
- County
- Lincoln
- Metro Area
- North Platte, NE
- 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 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 22, 1902
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 46
- Domestic deposits
- $347.1M
- Allowance for credit losses
- $3.0M
- Net charge-offs (YTD)
- -$21K
- Average total assets
- $377.9M
- Average total loans
- $267.6M
- Average interest-bearing deposits
- $267.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 14, 1934
- FDIC Cert
- 13892
- Fed RSSD
- 987259
- SEC CIK
- 1486192 → filed by SANDHILLS FINANCIAL SERVICES, LLC
- Website
- sandhills.bank →
- Parent Holding Company
- SANDHILLS FINANCIAL SERVICES, LLC (RSSD 4042222)
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
From Q3 2023 to Q2 2026, Sandhills State Bank's total assets ranged from $337.4M (Q1 2024) to $392.6M (Q4 2025), 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
$382.8M total assets against $360.8M; $348.8M total liabilities against $328.9M.
$275.4M net loans and leases against $266.7M; $347.1M total deposits against $305.8M.
$60.8M securities against $54.4M; $27.6M cash and balances due against $20.3M.
$5.0M total interest income against $4.5M; $1.3M total interest expense against $1.3M.
$3.7M net interest income against $3.2M.
$131K total noninterest income against $143K; $2.3M total noninterest expense against $1.9M.
$53K provision for credit losses against $75K.
$1.4M net income against $1.3M.
1.51% return on assets against 1.52%; 4.09% net interest margin against 3.90%.
10.78% CET1 capital ratio against 10.73%; 8.42% tier 1 leverage ratio against 8.93%.
Inside the full Sandhills State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSandhills State Bank rankings
Its closest position to the top of a national ranking is 1,293 of 3,611, for ROA; its furthest is 2,003 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.08% (Q3 2024) to 1.59% (Q1 2026) and its net interest margin ran from 3.35% (Q3 2024) to 4.09% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.78% | 1.51% | 0.16% | 1.54% | 4.09% |
| Q1 2026 | 11.10% | 1.59% | 0.13% | 1.19% | 3.98% |
| Q4 2025 | 10.75% | 1.25% | 0.13% | 1.22% | 3.86% |
| Q3 2025 | 11.06% | 1.42% | 0.15% | 1.36% | 3.85% |
| Q2 2025 | 10.73% | 1.52% | 0.16% | 1.57% | 3.90% |
| Q1 2025 | 10.97% | 1.43% | 0.10% | 0.99% | 3.81% |
| Q4 2024 | 10.72% | 1.45% | 0.10% | 1.07% | 3.80% |
| Q3 2024 | 10.61% | 1.08% | 0.10% | 1.03% | 3.35% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| Sandhills State Bank (main office) | North Platte , NE | 69101 | $82.9M |
| Valentine Branch | Valentine , NE | 69201 | $66.2M |
| Bassett Branch | Bassett , NE | 68714 | $43.4M |
| Wauneta Branch | Wauneta , NE | 69045 | $31.1M |
| Ogallala Branch | Ogallala , NE | 69153 | $30.8M |
| Central Avenue Branch | Grant , NE | 69140 | $27.7M |
| Hyannis Branch | Hyannis , NE | 69350 | $25.7M |
| Sandhills State Bank - Harrison Branch | Harrison , NE | 69346 | $23.8M |
| Sandhills State Bank Alliance Branch | Alliance , NE | 69301 | $15.5M |
| Arthur Branch | Arthur , NE | 69121 | $0 |
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 |
|---|---|---|---|
| November 15, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 15, 2016 | Structure Change | Acquired Bank of Keystone Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in NE, rank 55 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $422K approved, $141K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2014 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Sandhills State Bank
What are Sandhills State Bank's total assets?
As of the Q2 2026 filing, Sandhills State Bank reported total assets of $382.8 million in its FFIEC call report.
Where is Sandhills State Bank headquartered?
It is headquartered in North Platte, NE, United States.
When was Sandhills State Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Sandhills State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13892). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sandhills State Bank?
Sandhills State Bank's primary federal regulator is the FDIC.
What is Sandhills State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.78% in its Q2 2026 call report, above regulatory requirements.
How many branches does Sandhills State Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sandhills State Bank's Texas Ratio?
Its Texas Ratio is 1.54% 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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