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

State Bank of the Lakes N.A.

Antioch, Illinois · $2.81B in assets · beside the 11 other Illinois banks between $1B and $3B

The filing

17.1%
CRE / loans
1st of 12
+14.2%
Loans, year over year
1st of 12, largest first
139.4%
CRE / capital
1st of 12

State Bank of the Lakes N.A. is the second largest of the 12 Illinois banks nearest its size between $1B and $3B, with $2.81B in assets at 30 June 2026. Loans are 87.7% of deposits, 6th of 12 against a median of 89.0%, and equity is 10.1% of assets, 3rd of 12. Loans grew +14.2% in the year, the fastest in the cohort, and deposits grew 20.7%; the cohort's median loan growth is +6.3%.

Noncurrent loans are 0.18% of the book, 4th of 12 against a median of 0.37%; 0.27% is 30 to 89 days past due, and the allowance covers them 3.0 times. Commercial real estate is 17.1% of loans, the lowest in the cohort against a median of 32.1%, and 139% of capital, below the 300% screen, with construction at 36% against the 100% screen. CRE has grown +89.0% over 36 months, past the guidance's 50% prong.

Return on assets is 1.39%, 7th of 12 against a median of 1.43%, on an efficiency ratio of 37.2%, 3rd of 12. Five years ago it was 0.99%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansIL banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 32.1% SB State Bank of the Lakes N.A. 17.1% SB Schaumburg Bank & Trust Co. N.A. 20.9% CL Crystal Lake Bank & Trust Co. N.A. 24.0% BB Beverly Bank & Trust Co. N.A. 24.5% PN Peoples National Bank N A 29.6% AC American Commercial Bank & Trust N.A. 29.9% FB FCB Banks 34.2% FB First Bank Chicago 40.6% RB Republic Bank of Chicago 46.1% IN Inb National Association 48.0% LB Lakeside Bank 72.5% MB Marquette Bank 77.4%
Loans, year over yearIL banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +6.3% SB State Bank of the Lakes N.A. +14.2% AC American Commercial Bank & Trust N.A. +13.1% CL Crystal Lake Bank & Trust Co. N.A. +13.1% FB First Bank Chicago +11.5% PN Peoples National Bank N A +8.6% LB Lakeside Bank +6.9% FB FCB Banks +5.6% SB Schaumburg Bank & Trust Co. N.A. +2.2% BB Beverly Bank & Trust Co. N.A. +0.4% RB Republic Bank of Chicago -0.5% IN Inb National Association -1.7% MB Marquette Bank -1.8%

SBA 7(a), FY2008 to FY2026

State Bank of the Lakes N.A. is the 73rd largest 7(a) lender into Illinois of 537, with $37M across 68 loans, 0.2% of everything approved in the state (Byline Bank leads with $2.39B). 9 of its 13 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Illinois, 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
Lake, IL$25M7th of 1602.2%+0.2 pts
Cook, IL$7M98th of 2820.1%+0.1 pts
Kenosha, WI$5M13th of 682.3%-1.9 pts
Will, IL$3M45th of 1450.4%quiet FY2019
Mchenry, IL$1M56th of 1080.3%quiet FY2020
Walworth, WI$1M31st of 690.5%thin
Dupage, IL$700K133rd of 1880.0%quiet FY2011
Waukesha, WI$450K99th of 1220.0%quiet FY2011
Milwaukee, WI$382K118th of 1440.0%quiet FY2012
Lake, IN$350K78th of 970.1%quiet FY2017
Adams, WI$265K10th of 181.8%quiet FY2009
Racine, WI$150K78th of 890.1%quiet FY2014
Winnebago, IL$100K71st of 740.0%quiet FY2011
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
Manufacturing18$12M27.8%0.03%406th of 2,246
Accommodation & food services21$8M17.3%0.01%663rd of 2,596
Other services15$7M15.4%0.02%440th of 2,248
Wholesale trade3$5M10.7%0.02%466th of 1,651
Construction9$3M7.7%0.01%706th of 2,063
7(a) lenders into Illinois, share of approvals since FY2008537 lenders on record; the ten largest and State Bank
BB Byline Bank 15.8% $2.39B · 2,427 loans TH The Huntington National Bank 6.2% $942M · 4,109 loans UB U.S. Bank, National Association 4.6% $694M · 2,828 loans JC JPMorgan Chase Bank, National Ass… 4.4% $660M · 4,997 loans LO Live Oak Banking Company 4.0% $607M · 489 loans VB Village Bank and Trust, National … 2.6% $396M · 826 loans MB Millennium Bank 2.4% $366M · 195 loans BB Busey Bank 2.1% $317M · 323 loans WF Wells Fargo Bank National Associa… 1.7% $250M · 513 loans FT Fifth Third Bank 1.6% $244M · 721 loans SB State Bank of the Lakes, National… 0.2% $37M · 68 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers; owner-occupied excluded; bold marks a screen met
State BankRankCohort median
Total CRE against capital, the 300% screen139%1st of 12267%
Construction against capital, the 100% screen36%4th of 1241%
Construction and land development, share of loans4.4%3rd of 125.4%
Non-owner-occupied nonfarm nonresidential, share of loans8.5%2nd of 1213.6%
Total CRE, the guidance definition, share of loans17.1%1st of 1232.1%
CRE growth over 36 months, the third prong+89.0%12th of 12+14.8%

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
Lakeside Bank$2.85B1.8%52.8%0.03%-0.02%1.2%94.6%10.7%
State Bank of the Lakes N.A.$2.81B1.4%37.2%0.18%0.07%0.5%87.7%10.1%
Beverly Bank & Trust Co. N.A.$2.69B1.6%58.0%0.40%0.29%0.7%91.0%9.9%
Inb National Association$2.68B1.2%63.8%1.10%0.10%1.1%80.9%9.1%
FCB Banks$2.64B1.8%51.0%0.76%0.01%1.1%90.3%8.1%
Republic Bank of Chicago$2.61B1.3%61.5%1.27%0.02%1.2%74.1%12.3%
Schaumburg Bank & Trust Co. N.A.$2.56B1.7%34.5%0.11%0.04%0.5%84.3%9.3%
Crystal Lake Bank & Trust Co. N.A.$2.26B1.5%34.0%0.34%0.13%0.8%94.0%8.9%
First Bank Chicago$2.23B0.3%80.2%1.09%0.14%0.8%85.7%8.9%
Marquette Bank$2.09B0.7%74.2%0.10%0.04%1.0%80.6%9.1%
Peoples National Bank N A$2.08B1.5%62.1%0.84%0.23%1.2%99.8%8.6%
American Commercial Bank & Trust N.A.$2.07B1.3%50.9%0.29%0.02%1.5%95.2%9.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
State BankCohort median
20212026Change20212026Change
Loans$1.13B$2.09B+85%$1.23B$1.85B+50%
Deposits$1.40B$2.38B+70%$1.42B$2.24B+57%
NPA / loans0.22%0.18%-0.04 pts0.37%0.37%-0.00 pts
Efficiency58.8%37.2%-21.6 pts59.3%55.4%-3.9 pts
ROA0.99%1.39%+0.40 pts1.11%1.43%+0.33 pts

This read was prepared for State Bank of the Lakes N.A.'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 of the Lakes N.A. 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 IL banks $1B to $3B
Institution www.sbotl.com

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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