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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Indiana, the state note

State Bank

Brownsburg, Indiana · $916M in assets · beside the 11 other Indiana banks between $300M and $1B

The filing

41.8%
CRE / loans
11th of 12
281.3%
CRE / capital
11th of 12
0.13%
NPA / loans
3rd of 12

State Bank is the third largest of the 12 Indiana banks nearest its size between $300M and $1B, with $916M in assets at 30 June 2026. Loans are 92.9% of deposits, 9th of 12 against a median of 83.0%, and equity is 11.0% of assets, 5th of 12. Loans grew +7.9% in the year, 7th of 12, and deposits grew 5.6%; the cohort's median loan growth is +8.0%.

Noncurrent loans are 0.13% of the book, 3rd of 12 against a median of 0.51%; 1.10% is 30 to 89 days past due, and the allowance covers them 11.2 times. Commercial real estate is 41.8% of loans, 11th of 12 against a median of 28.4%, and 281% of capital, below the 300% screen, with construction at 86% against the 100% screen.

Return on assets is 1.06%, 7th of 12 against a median of 1.06%, on an efficiency ratio of 65.5%, 7th of 12. Five years ago it was 1.04%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansIN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 28.4% FT Fountain Trust Co. 15.0% SV Springs Valley Bank & Trust Co. 18.2% NS North Salem State Bank 18.5% CS Citizens State Bank New Castle 18.8% FF First Federal Savings Bank 20.6% FS First State Bank of Middlebury 25.9% NW New Washington State Bank 31.0% CB Citizens Bank 32.1% GB Greenfield Banking Co. 34.2% FB FCN Bank National Association 38.3% SB State Bank 41.8% CF Community First Bank of Indiana 43.1%
Loans, year over yearIN banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +8.0% FT Fountain Trust Co. +44.0% NW New Washington State Bank +22.3% CS Citizens State Bank New Castle +14.5% FB FCN Bank National Association +11.3% CF Community First Bank of Indiana +10.5% SV Springs Valley Bank & Trust Co. +8.2% SB State Bank +7.9% NS North Salem State Bank +6.8% FF First Federal Savings Bank +5.6% CB Citizens Bank +4.1% FS First State Bank of Middlebury +3.6% GB Greenfield Banking Co. -1.5%

SBA 7(a), FY2008 to FY2026

State Bank is the 37th largest 7(a) lender into Indiana of 351, with $60M across 199 loans, 0.7% of everything approved in the state (The Huntington National Bank leads with $911M). 14 of its 19 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Indiana, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Marion, IN$20M25th of 1721.2%-1.1 pts
Hamilton, IN$12M20th of 1321.4%+0.1 pts
Hendricks, IN$11M6th of 834.2%+0.0 pts
Allen, IN$4M25th of 1010.8%quiet FY2011
Tippecanoe, IN$3M17th of 581.6%thin
White, IN$2M3rd of 2310.4%quiet FY2013
Monroe, IN$1M23rd of 581.1%quiet FY2018
Johnson, IN$1M36th of 800.6%quiet FY2014
Boone, IN$1M25th of 580.8%quiet FY2015
Hancock, IN$1M22nd of 561.0%thin
Montgomery, IN$735K15th of 352.4%quiet FY2016
Madison, IN$675K33rd of 560.5%quiet FY2022
Shelby, IN$540K20th of 331.1%quiet FY2017
6 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing27$11M17.6%0.03%446th of 2,246
Accommodation & food services34$9M14.2%0.01%627th of 2,596
Retail trade20$8M13.1%0.01%556th of 2,589
Health care & social assistance11$7M10.9%0.01%486th of 2,172
Other services29$6M10.7%0.02%455th of 2,248
7(a) lenders into Indiana, share of approvals since FY2008351 lenders on record; the ten largest and State Bank
TH The Huntington National Bank 11.3% $911M · 4,690 loans KN KeyBank National Association 4.3% $349M · 745 loans BB Byline Bank 4.2% $338M · 296 loans LO Live Oak Banking Company 4.1% $334M · 259 loans ON Old National Bank 3.4% $275M · 416 loans sS 1st Source Bank 3.3% $271M · 1,827 loans FM First Merchants Bank 2.9% $236M · 743 loans G Gbank 2.5% $202M · 68 loans WF Wells Fargo Bank National Associa… 2.3% $188M · 395 loans FF First Financial Bank 2.2% $181M · 610 loans SB State Bank 0.7% $60M · 199 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers, State Bank among them; owner-occupied excluded; bold marks a screen met
State BankRankCohort median
Total CRE against capital, the 300% screen281%11th of 12174%
Construction against capital, the 100% screen86%10th of 1255%
Construction and land development, share of loans12.7%11th of 127.7%
Non-owner-occupied nonfarm nonresidential, share of loans21.7%11th of 1213.9%
Total CRE, the guidance definition, share of loans41.8%11th of 1228.4%
CRE growth over 36 months, the third prong+18.5%6th of 12+19.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Community First Bank of Indiana$980M1.2%68.2%1.32%0.22%1.8%99.7%10.5%
Greenfield Banking Co.$930M1.7%53.3%0.35%0.05%1.4%73.6%13.6%
State Bank$916M1.1%65.5%0.13%0.01%1.5%92.9%11.0%
Citizens State Bank New Castle$909M1.0%63.1%0.40%0.12%1.4%74.2%10.2%
Fountain Trust Co.$845M1.0%71.1%0.63%0.08%1.5%70.1%11.4%
First State Bank of Middlebury$836M1.6%57.3%1.55%0.00%1.6%101.2%11.6%
FCN Bank National Association$812M1.1%63.0%0.02%-0.02%1.1%78.4%8.1%
New Washington State Bank$798M0.9%70.6%0.83%0.07%1.3%73.9%8.8%
North Salem State Bank$770M1.6%53.9%0.67%0.00%1.6%91.2%9.0%
Citizens Bank$691M1.0%70.9%0.09%0.02%1.3%75.1%9.4%
First Federal Savings Bank$687M1.0%75.6%0.94%0.00%1.0%109.9%9.2%
Springs Valley Bank & Trust Co.$675M1.8%57.3%0.14%-0.11%1.4%87.7%11.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
State BankCohort median
20212026Change20212026Change
Loans$436M$710M+63%$357M$589M+65%
Deposits$556M$764M+38%$536M$714M+33%
NPA / loans0.32%0.13%-0.18 pts0.38%0.51%+0.13 pts
Efficiency65.4%65.5%+0.0 pts62.7%64.3%+1.6 pts
ROA1.04%1.06%+0.02 pts1.21%1.06%-0.16 pts

This read was prepared for State Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on State Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort IN banks $300M to $1B
Institution www.statebank1910.bank

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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