Armed Forces Bank, National Association
Fort Leavenworth, Kansas, Leavenworth County
$1.4B in total assets, the 796th largest of 4,309 US banks and 11th of 185 headquartered in Kansas.
- FDIC certificate
- 4666
- Established
- 1907
- Owned by
- Dickinson Financial Corp Ii
- Primary regulator
- OCC
- Website
- afbank.com
At a glance
Compared with 19 banks headquartered in Kansas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 47% | $1.6B | |
| Loans | $735M | 16% | $1.1B | |
| Deposits | $1.2B | 42% | $1.3B | |
| Return on assets | 1.65% | 79% | 1.40% | |
| Net interest margin | 4.17% | 84% | 3.83% | |
| Efficiency ratio | 65.6% | 90% | 59.1% | |
| Equity to assets | 12.95% | 84% | 10.11% | |
| Loans to deposits | 60% | 5% | 84% |
Growth
Total assets grew 3.0% a year over the last 5 years and 3.3% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2015 | Armed Forces Bank of California, National Association San Diego, CA, an affiliate under the same holding company | $16M |
| Dec 2010 | Bank Midwest, National Association Kansas City, MO, an affiliate under the same holding company | $3.9B |
| Jun 2006 | Fort Riley National Bank Fort Riley, KS | $30M |
| Jul 1989 | Fort Carson National Bank Fort Carson, CO | $14M |
Where they operate
15 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Leavenworth County, KS | $418M | 25.2% | 1 of 10 |
| Pierce County, WA | $161M | 0.9% | 11 of 22 |
| Clark County, NV | $96M | 0.1% | 29 of 41 |
| Hardin County, KY | $90M | 3.4% | 8 of 13 |
| El Paso County, CO | $86M | 0.8% | 26 of 40 |
| Cochise County, AZ | $77M | 4.6% | 8 of 8 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 34 branches since 2016 (49 to 15, −69.4%). 1 opened, 0 acquired, 35 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 49 | |||
| 2017 | Closed 12 in 9 states | 0 | 12 | −12 | 37 |
| 2019 | Opened Fort Drum | 1 | 0 | +1 | 38 |
| 2020 | Closed 5 in 5 states | 0 | 5 | −5 | 33 |
| 2021 | Closed 6 in 6 states | 0 | 6 | −6 | 27 |
| 2022 | Closed 5 in California | 0 | 5 | −5 | 22 |
| 2023 | Closed 6 in 4 states | 0 | 6 | −6 | 16 |
| 2024 | Closed Fort Riley | 0 | 1 | −1 | 15 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 35% | 31% | |
| 1-4 family residential | 34% | 24% | |
| Business (C&I) | 21% | 14% | |
| Multifamily | 4% | 5% | |
| Consumer | 4% | 2% | |
| Construction and land | 0% | 8% | |
| Farmland | 0% | 8% | |
| Agricultural | 0% | 6% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 50% | 52% | |
| Noninterest-bearing | 30% | 21% | |
| Time deposits | 20% | 26% |
Brokered deposits are 0.0% of deposits (peers 5.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.21% | 0.60% |
| Net charge-offs, annualized | 0.39% | 0.05% |
| Reserves to loans | 1.62% | 1.25% |
| Leverage ratio | 13.92% | 10.23% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Kansas
Largest competitors in Leavenworth County, KS
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/armed-forces