State Bank of Jeffers
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Data as of · sourced from FFIEC call reports. How we update
State Bank of Jeffers is an FDIC-insured commercial bank headquartered in Jeffers, MN, established in 1900 (FDIC certificate 10200), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $37.1M, down 0.3% from Q2 2025, the 213th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 20.98% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10200
- Headquarters
- Jeffers, MN
- Established
- 1900
- Total assets, Q2 2026
- $37.1M
- Assets vs Q2 2025
- -0.3%
- CET1 ratio, Q2 2026
- 20.98%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091208031
- Latest call report
- Q2 2026, FFIEC 051 · State Bank of Jeffers Q3 2026 call report, filed October 9, 2026 (preliminary)
- Asset rank in state
- 213th of 221 in Minnesota
State Bank of Jeffers runs leaner than most banks of its size. Based in Jeffers, Minnesota, it had $37 million in assets at June 30, 2026. It spends about 38 cents to bring in each dollar of revenue, about half the median of 69 cents for the 533 banks with less than $100 million in assets. It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.9%).
Net income for the quarter rose 17% from a year earlier, to $184,000.
As of June 30, 2026, State Bank of Jeffers reported a CET1 capital ratio of 20.98%, a return on assets of 1.89%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
State Bank of Jeffers ranks as the 213th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 6.9% to $37.1M, loans fell 7.7% and deposits fell 8.7%. Its loan book on June 30, 2026 was led by agricultural production loans, at 52.3% of total loans, followed by commercial and industrial loans at 23.8%. The FDIC Summary of Deposits lists a single office for it, in Jeffers, MN. By the capital ratios in its Q2 2026 call report, State Bank of Jeffers meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 104 E Whited St, Jeffers, MN 56145
- County
- Cottonwood
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 27, 1900
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 4
- Domestic deposits
- $31.2M
- Allowance for credit losses
- $260K
- Net charge-offs (YTD)
- -$82K
- Average total assets
- $38.9M
- Average total loans
- $19.8M
- Average interest-bearing deposits
- $21.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10200
- Fed RSSD
- 1014255
- Website
- statebankofjeffers.com →
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, State Bank of Jeffers's total assets ranged from $35.6M (Q2 2024) to $39.8M (Q1 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$37.1M total assets against $37.2M; $31.6M total liabilities against $32.3M.
$18.9M net loans and leases against $19.6M; $31.2M total deposits against $32.0M.
$11.9M securities against $11.8M; $5.7M cash and balances due against $5.1M.
$501K total interest income against $505K; $82K total interest expense against $103K.
$419K net interest income against $402K.
$7K total noninterest income against $9K; $160K total noninterest expense against $173K.
$3K provision for credit losses against $11K.
$184K net income against $157K.
1.89% return on assets against 1.67%; 4.37% net interest margin against 4.44%.
20.98% CET1 capital ratio against 18.71%; 14.06% tier 1 leverage ratio against 13.04%.
Inside the full State Bank of Jeffers terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 2.51% (Q1 2026) and its net interest margin ran from 4.31% (Q4 2025) to 4.60% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.98% | 1.89% | 0.00% | 0.00% | 4.37% |
| Q1 2026 | 18.37% | 2.51% | 0.00% | 0.00% | 4.33% |
| Q4 2025 | 19.04% | 1.15% | 0.00% | 0.00% | 4.31% |
| Q3 2025 | 19.25% | 1.69% | 0.00% | 0.00% | 4.54% |
| Q2 2025 | 18.71% | 1.67% | 0.00% | 0.00% | 4.44% |
| Q1 2025 | 17.41% | 1.73% | 0.00% | 0.02% | 4.41% |
| Q4 2024 | 14.88% | 0.87% | 0.00% | 0.00% | 4.44% |
| Q3 2024 | 18.95% | 1.77% | 0.00% | 0.00% | 4.60% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| State Bank of Jeffers (main office) | Jeffers , MN | 56145 | $31.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 264 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $172K approved, $172K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (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 State Bank of Jeffers
What are State Bank of Jeffers's total assets?
As of the Q2 2026 filing, State Bank of Jeffers reported total assets of $37.1 million in its FFIEC call report.
Where is State Bank of Jeffers headquartered?
It is headquartered in Jeffers, MN, United States.
When was State Bank of Jeffers founded?
It was established in 1900, per the FDIC institution directory.
Is State Bank of Jeffers FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10200). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank of Jeffers?
State Bank of Jeffers's primary federal regulator is the FDIC.
What is State Bank of Jeffers's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.98% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does State Bank of Jeffers operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Bank of Jeffers's Texas Ratio?
Its Texas Ratio is 0.00% 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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