State Bank & Trust of Kenmare
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Data as of · sourced from FFIEC call reports. How we update
State Bank & Trust of Kenmare is an FDIC-insured commercial bank headquartered in Kenmare, ND, established in 1925 (FDIC certificate 2057), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $201.1M, up 10.6% from Q2 2025, the 34th largest of 60 banks headquartered in North Dakota. Its CET1 capital ratio was 16.93% 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
- 2057
- Headquarters
- Kenmare, ND
- Established
- 1925
- Total assets, Q2 2026
- $201.1M
- Assets vs Q2 2025
- +10.6%
- CET1 ratio, Q2 2026
- 16.93%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091310916
- Latest call report
- Q2 2026, FFIEC 051 · State Bank & Trust of Kenmare call report
- Holding company
- JORGENSON HOLDING COMPANY
- Asset rank in state
- 34th of 60 in North Dakota
Problem loans are rising at State Bank & Trust of Kenmare. Its balance sheet stood at $201 million at June 30, 2026, up 10.6% from a year earlier; it is based in Kenmare, North Dakota. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.10% of loans from 0.00% a year earlier. It keeps 2.87 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also shrank its loan book 6.5% over the year, lower than about 9 in 10 banks its size (median 5.5%).
Earnings jumped: net income for the quarter was $660,000, 65% above the same quarter a year earlier. Over the same year, loans shrank 6.5% and deposits grew 9.6%. Where it has less room is capital: it funds 9.25% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, State Bank & Trust of Kenmare reported a CET1 capital ratio of 16.93%, a return on assets of 1.32%, a nonperforming-loan ratio of 1.10% and a Texas ratio of 5.97%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, State Bank & Trust of Kenmare is the 34th largest of the 60 banks headquartered in North Dakota. From Q1 2026 to Q2 2026, its total assets rose 1.7% to $201.1M, loans fell 0.5% and deposits rose 1.1%. Farmland and other real estate loans made up 29.1% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 20.2%. Its 3 offices in the FDIC Summary of Deposits are in Kenmare, ND and Berthold, ND; its Kenmare 2 offices book 92% of its branch deposits. By the capital ratios in its Q2 2026 call report, State Bank & Trust of Kenmare meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4 2nd St Nw, Kenmare, ND 58746
- County
- Ward
- Metro Area
- Minot, ND
- 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1925
- Former names
- State Bank of Kenmare (1986)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $182.8M
- Allowance for credit losses
- $937K
- Net charge-offs (YTD)
- -$19K
- Average total assets
- $200.7M
- Average total loans
- $84.2M
- Average interest-bearing deposits
- $159.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2057
- Fed RSSD
- 675659
- Website
- www.sbtk.com →
- Parent Holding Company
- JORGENSON HOLDING COMPANY (RSSD 1122057)
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 & Trust of Kenmare's total assets ranged from $152.8M (Q3 2023) to $201.1M (Q2 2026), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$201.1M total assets against $181.8M; $186.4M total liabilities against $170.6M.
$83.7M net loans and leases against $89.6M; $182.8M total deposits against $166.9M.
$77.0M securities against $68.7M; $37.6M cash and balances due against $20.6M.
$2.1M total interest income against $2.1M; $833K total interest expense against $899K.
$1.3M net interest income against $1.2M.
$66K total noninterest income against $22K; $732K total noninterest expense against $782K.
$0 provision for credit losses against $0.
$660K net income against $401K.
1.32% return on assets against 0.87%; 2.87% net interest margin against 2.77%.
16.93% CET1 capital ratio against 15.08%; 9.25% tier 1 leverage ratio against 9.14%.
Inside the full State Bank & Trust of Kenmare terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeState Bank & Trust of Kenmare rankings
Its closest position to the top of a national ranking is 668 of 3,606, for efficiency ratio; its furthest is 2,955 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.36% (Q4 2024) to 1.32% (Q2 2026) and its net interest margin ran from 2.09% (Q4 2024) to 2.91% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.93% | 1.32% | 1.10% | 5.97% | 2.87% |
| Q1 2026 | 16.32% | 0.95% | 0.02% | 0.14% | 2.76% |
| Q4 2025 | 16.04% | 0.32% | 0.03% | 0.18% | 2.79% |
| Q3 2025 | 15.05% | 0.86% | 0.00% | 0.00% | 2.91% |
| Q2 2025 | 15.08% | 0.87% | 0.00% | 0.00% | 2.77% |
| Q1 2025 | 15.40% | 0.69% | 0.00% | 0.00% | 2.57% |
| Q4 2024 | 14.91% | -0.36% | 0.00% | 0.00% | 2.09% |
| Q3 2024 | 15.61% | 1.09% | 0.44% | 3.25% | 2.48% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| State Bank & Trust of Kenmare (main office) | Kenmare , ND | 58746 | $163.2M |
| State Bank & Trust of KenmareBerthold Office | Berthold , ND | 58718 | $14.1M |
| Kenmare Branch | Kenmare , ND | 58746 | $5.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in ND, rank 38 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $400K approved, $400K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2003 (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 & Trust of Kenmare
What are State Bank & Trust of Kenmare's total assets?
As of the Q2 2026 filing, State Bank & Trust of Kenmare reported total assets of $201.1 million in its FFIEC call report.
Where is State Bank & Trust of Kenmare headquartered?
It is headquartered in Kenmare, ND, United States.
When was State Bank & Trust of Kenmare founded?
It was established in 1925, per the FDIC institution directory.
Is State Bank & Trust of Kenmare FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2057). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank & Trust of Kenmare?
State Bank & Trust of Kenmare's primary federal regulator is the FDIC.
What is State Bank & Trust of Kenmare's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.93% 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 & Trust of Kenmare operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Bank & Trust of Kenmare's Texas Ratio?
Its Texas Ratio is 5.97% 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.
What was State Bank & Trust of Kenmare previously called?
The charter now named State Bank & Trust of Kenmare has also operated as State Bank of Kenmare (1986), per FDIC structure-change records.
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