The State Exchange Bank (Mankato, KS)
The State Exchange Bank is an FDIC-insured commercial bank headquartered in Mankato, KS, supervised by the FDIC, with $44.3M in total assets at Q3 2026, up 4.1% from Q3 2025, the 167th largest of 182 banks headquartered in Kansas. It was established in 1887 and holds FDIC certificate 17375. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.16% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
Also written as SEB
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 17375
- Headquarters
- Mankato, KS
- Established
- 1887
- Total assets, Q3 2026
- $44.3M
- Assets vs Q3 2025
- +4.1%
- Tier 1 leverage ratio, Q3 2026
- 12.16%
- Domestic offices
- 1 branch
- Routing number
- 101103592
- Safety and soundness
- Is The State Exchange Bank safe?
- Latest call report
- Q3 2026, FFIEC 051 · The State Exchange Bank call report
- Asset rank in state
- 167th of 182 in Kansas
The State Exchange Bank is one of the more profitable banks of its size. The Mankato, Kansas bank had $44 million in assets at September 30, 2026, up 4.1% from a year earlier. It returns 16.4% a year on shareholders' equity, about double the median of 8.8% for the 526 banks with less than $100 million in assets.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.23% of loans from 2.48%. Its securities portfolio is underwater by $2.7 million, an amount equal to 46% of Tier 1 capital.
As of September 30, 2026, The State Exchange Bank reported a return on assets of 1.27%, a nonperforming-loan ratio of 0.23% and a Texas ratio of 1.17%. The figures come from its call report filed with the FFIEC.
The State Exchange Bank ranks as the 167th largest of the 182 banks based in Kansas, by total assets at Q3 2026. From Q2 2026 to Q3 2026, its total assets fell 13.0% to $44.3M, loans rose 5.3% and deposits fell 12.3%. The largest part of its loan book on September 30, 2026 was agricultural production loans, at 32.7% of total loans, ahead of farmland and other real estate loans at 30.0%. The FDIC Summary of Deposits lists a single office for it, in Mankato, KS. On its Q3 2026 call report, The State Exchange Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 107 S Commercial St, Mankato, KS 66956
- County
- Jewell
- 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
- November 1, 1887
- Former names
- The State Exchange Bank (1975)
- Domestic offices
- 1 branch
- Employees (FTE)
- 6
- Domestic deposits
- $40.8M
- Allowance for credit losses
- $227K
- Net charge-offs (YTD)
- $18K
- Average total assets
- $47.7M
- Average total loans
- $17.4M
- Average interest-bearing deposits
- $32.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 16, 1954
- FDIC Cert
- 17375
- Fed RSSD
- 571957
- Website
- www.stateexchange.net →
Profitability
Q3 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, The State Exchange Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The State Exchange Bank's total assets moved between a low of $40.5M (Q2 2024) and a high of $55.8M (Q4 2025) from Q4 2023 to Q3 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$44.3M total assets against $42.5M; $41.0M total liabilities against $38.6M.
$17.8M net loans and leases against $16.6M; $40.8M total deposits against $38.4M.
$22.5M securities against $22.8M; $3.0M cash and balances due against $2.1M.
$565K total interest income against $485K; $160K total interest expense against $140K.
$405K net interest income against $345K.
$14K total noninterest income against $16K; $261K total noninterest expense against $202K.
$0 provision for credit losses against $28K.
$152K net income against $126K.
1.27% return on assets against 1.19%; 3.64% net interest margin against 3.55%.
12.16% tier 1 leverage ratio against 13.34%.
Inside the full The State Exchange Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from 0.09% (Q4 2025) to 1.65% (Q1 2026) and its net interest margin ran from 3.23% (Q2 2025) to 3.64% (Q3 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 12.16% | 1.27% | 0.23% | 1.17% | 3.64% |
| Q2 2026 | 12.25% | 1.00% | 1.85% | 7.20% | 3.31% |
| Q1 2026 | 12.06% | 1.65% | 2.08% | 7.43% | 3.35% |
| Q4 2025 | 12.23% | 0.09% | 1.84% | 7.35% | 3.56% |
| Q3 2025 | 13.34% | 1.19% | 2.48% | 10.09% | 3.55% |
| Q2 2025 | 12.84% | 0.90% | 2.67% | 12.32% | 3.23% |
| Q1 2025 | 12.08% | 0.90% | 0.51% | 2.19% | 3.41% |
| Q4 2024 | 12.38% | 0.11% | 0.46% | 2.15% | 3.48% |
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 |
|---|---|---|---|
| The State Exchange Bank | Mankato , KS | 66956 | $46.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in KS, rank 197 of 231 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 The State Exchange Bank
What are The State Exchange Bank's total assets?
As of the Q3 2026 filing, The State Exchange Bank reported total assets of $44.3 million in its FFIEC call report.
Where is The State Exchange Bank headquartered?
It is headquartered in Mankato, KS, United States.
When was The State Exchange Bank founded?
It was established in 1887, per the FDIC institution directory.
Is The State Exchange Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17375). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The State Exchange Bank?
The State Exchange Bank's primary federal regulator is the FDIC.
How many branches does The State Exchange Bank 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 The State Exchange Bank's Texas Ratio?
Its Texas Ratio is 1.17% in its Q3 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 nonperforming assets against the bank's capital and reserves.
What was The State Exchange Bank previously called?
The charter now named The State Exchange Bank has also operated as The State Exchange Bank (1975), per FDIC structure-change records.
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