State Bank of the Lakes

Overview

What stands out about State Bank of the Lakes?

Against its six size peers, its efficiency ratio stands out most: 37.25% at Q2 2026, below the peer median of 57.97%. Its common equity tier 1 (CET1) ratio of 10.75% at Q2 2026 is in the lowest 5% of the 448 banks reporting it (rank 429 of 448, 1 = highest).

How large is State Bank of the Lakes?

At Q2 2026 the bank held $2.8 bn of assets. Deposits were $2.4 bn and net loans and leases $2.1 bn, a loan-to-deposit ratio of 87.26%. Securities of $479.8 mn made up 17.1% of assets.

Total assets rose 176.4% between Q1 2016 and Q2 2026, from $1.0 bn.

How much of its funding is uninsured?

An estimated 20.54% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.08 pp from the previous quarter and +3.34 pp from a year earlier. That share ranks 407th among 500 banks reporting this metric (1 = highest).

Key facts, Q2 2026

US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.

The common equity tier 1 (CET1) ratio was 10.75% at Q2 2026, -0.05 pp from a year earlier. Since Q1 2016 it has ranged from 9.67% (Q2 2016) to 11.47% (Q1 2025). At Q2 2026 the tier 1 leverage ratio was 9.05% and the total risk-based capital ratio 11.37%. The median CET1 ratio of the size peers listed below was 13.64% at Q2 2026.

Held-to-maturity securities had an unrealized loss of $26.4 mn at Q2 2026, measured as fair value minus amortized cost, equal to 9.3% of bank equity capital. The loss narrowed by $3.1 mn from a year earlier. The largest unrealized loss on these securities was $39.2 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $18.0 mn at Q2 2026; the loss widened by $1.0 mn from a year earlier.

Return on equity was 13.56% for the year to Q2 2026, annualized, with a return on assets of 1.43% and a net interest margin of 3.15%. The margin was -0.25 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 37.25%. Net income for the year to Q2 2026 was $19.0 mn, up 18.8% on the same period a year earlier. The median return on equity of its size peers was 12.99% for the same period.

Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.18% of total loans at Q2 2026. Net charge-offs for the year to date were 0.07% of average loans, annualized.

The FDIC history records no mergers or acquisitions for State Bank of the Lakes since Q1 2016, and its total assets never moved more than 25% in one quarter.