State Bank of the Lakes

What sets State Bank of the Lakes apart

How large is State Bank of the Lakes?

The balance sheet of State Bank of the Lakes at Q2 2026: assets $2.8 bn, deposits $2.4 bn, net loans $2.1 bn (loans equal to 87.26% of deposits). Securities make up 17.1% of total assets at State Bank of the Lakes. Since Q1 2016, when State Bank of the Lakes held $1.0 bn, its assets grew 176.4%. In the year to Q2 2026, deposits at State Bank of the Lakes rose 20.7% while its total assets rose 20.7%. At Q2 2026, State Bank of the Lakes employed 85 full-time equivalent staff across 10 offices, about $33.1 mn of assets per employee and $238.1 mn of deposits per office.

How much funding at State Bank of the Lakes is uninsured?

At State Bank of the Lakes, uninsured deposits (above the FDIC limit) made up 20.54% of domestic deposits at Q2 2026 (+3.34 pp on a year earlier); State Bank of the Lakes ranks 407th of 500 on this measure. In dollars, State Bank of the Lakes estimated $489.1 mn of uninsured deposits.

Key facts, Q2 2026

US rank of State Bank of the Lakes: 1 = highest unless marked 1 = lowest.

The CET1 ratio of State Bank of the Lakes stood at 10.75% in Q2 2026, -0.05 pp year on year. Low and high at State Bank of the Lakes since Q1 2016: 9.67% (Q2 2016) to 11.47% (Q1 2025). Equity capital of State Bank of the Lakes at Q2 2026: $285.3 mn, or 10.1% of total assets. State Bank of the Lakes also reported a total capital ratio of 11.37% for Q2 2026, and a tier 1 leverage ratio of 9.05%.

On held-to-maturity securities, State Bank of the Lakes carried an unrealized loss of $26.4 mn at Q2 2026, equal to 9.3% of equity capital. The loss narrowed by $3.1 mn over the year. Its deepest point: $39.2 mn in Q3 2023. The available-for-sale portfolio of State Bank of the Lakes showed an unrealized loss of $18.0 mn at Q2 2026; the loss widened by $1.0 mn over the year.

For the year to Q2 2026, State Bank of the Lakes earned a return on equity of 13.56%; return on assets: 1.43%. Net interest margin at State Bank of the Lakes: 3.15%, -0.25 pp in a year. State Bank of the Lakes net income: $19.0 mn, up 18.8% year on year. The efficiency ratio of State Bank of the Lakes was 37.25%: about 37 cents cost per revenue dollar, against 58 cents at the median peer.

At Q2 2026, noncurrent loans were 0.18% of total loans at State Bank of the Lakes; net charge-offs: 0.07% of average loans. Gross loans and leases at State Bank of the Lakes: $2.1 bn, up 14.2% in a year.

The peer group of State Bank of the Lakes is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 1 shares the charter type of State Bank of the Lakes (national bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Illinois. Against them, State Bank of the Lakes shows CET1 ratio 10.75% against a peer median of 13.64%, return on equity 13.56% against a peer median of 12.99% and uninsured deposit share 20.54% against a peer median of 29.35%.

No merger or acquisition by State Bank of the Lakes appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.