The State Exchange Bank: how it compares with its peers
Against 40 KS banks with half to twice its assets, The State Exchange Bank's strongest measure in Q2 2026 is assets per employee ($8.5M vs. a $7.0M peer median). Its weakest relative measure is net interest margin (2.98% vs. 3.87%).
| Measure | The State Exchange Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.22% | 1.31% | Middle third Ahead of 38% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.98% | 3.87% | Bottom third Ahead of 8% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.42% | 63.19% | Middle third Ahead of 43% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.5M | $7.0M | Top third Ahead of 90% of peers |
| Loans to deposits Net loans and leases over total deposits. | 36.19% | 60.82% | Context |
What it means for lending operations
Its efficiency ratio of 64.42% is above the 63.19% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The First State Bank of Ransom Ransom, KS · $49M
- Bank of Greeley Greeley, KS · $54M
- The Security State Bank Wellington, KS · $55M
- Swedish-American State Bank Courtland, KS · $55M
- NINNESCAH VALLEY BANK Cunningham, KS · $45M
- Union State Bank Olsburg, KS · $44M
Questions about The State Exchange Bank
How big is The State Exchange Bank?
The State Exchange Bank, established in 1887, is headquartered in Mankato, KS. It reported $51M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The State Exchange Bank's return on assets?
1.22% annualized in Q2 2026, against a 1.31% median for 40 KS banks with half to twice its assets, ahead of 38% of them.
What is The State Exchange Bank's efficiency ratio?
64.42% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 63.19%, and lower is better.
Is The State Exchange Bank growing its loans?
Net loans grew 6.5% over the year to Q2 2026, while deposits grew 16.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are KS banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Kansas bank ranked.