Sandhills State Bank
North Platte, Nebraska, Lincoln County
$383M in total assets, the 2,169th largest of 4,309 US banks and 52nd of 139 headquartered in Nebraska.
- FDIC certificate
- 13892
- Established
- 1902
- Owned by
- Sandhills Finl Services Llc
- Primary regulator
- FDIC
- Website
- sandhills.bank
At a glance
Compared with 80 banks headquartered in Nebraska with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $383M | 64% | $293M | |
| Loans | $278M | 65% | $217M | |
| Deposits | $347M | 69% | $241M | |
| Return on assets | 1.43% | 56% | 1.32% | |
| Net interest margin | 4.02% | 58% | 3.93% | |
| Efficiency ratio | 59.1% | 55% | 57.7% | |
| Equity to assets | 8.86% | 11% | 11.11% | |
| Loans to deposits | 80% | 26% | 87% |
Growth
Total assets grew 2.9% a year over the last 5 years and 8.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2016 | Bank of Keystone Keystone, NE, an affiliate under the same holding company | $64M |
Where they operate
10 branches in 10 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lincoln County, NE | $83M | 5.4% | 7 of 14 |
| Cherry County, NE | $66M | 17.2% | 3 of 5 |
| Rock County, NE | $43M | 48.5% | 2 of 2 |
| Chase County, NE | $31M | 9.0% | 3 of 4 |
| Keith County, NE | $31M | 6.4% | 3 of 4 |
| Perkins County, NE | $28M | 13.8% | 3 of 3 |
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 gain of 4 branches since 2016 (6 to 10, +66.7%). 4 opened, 4 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6 | |||
| 2016 | Acquired Bank of Keystone | 4 | 0 | +4 | 10 |
| 2018 | Closed Hay Springs | 0 | 1 | −1 | 9 |
| 2019 | Opened 3 in Nebraska | 3 | 0 | +3 | 12 |
| 2020 | Closed Keystone | 0 | 1 | −1 | 11 |
| 2021 | Closed Elsie | 0 | 1 | −1 | 10 |
| 2022 | Opened BassettClosed North Platte | 1 | 1 | 0 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Agricultural | 35% | 23% | |
| Farmland | 30% | 21% | |
| Business (C&I) | 18% | 11% | |
| Commercial real estate | 11% | 16% | |
| 1-4 family residential | 6% | 16% | |
| Consumer | 1% | 2% | |
| Construction and land | 0% | 7% | |
| Multifamily | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 63% | 46% | |
| Noninterest-bearing | 21% | 17% | |
| Time deposits | 16% | 37% |
Brokered deposits are 0.9% of deposits (peers 4.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.16% | 0.21% |
| Net charge-offs, annualized | -0.02% | 0.00% |
| Reserves to loans | 1.09% | 1.27% |
| Leverage ratio | 8.42% | 11.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Nebraska
Largest competitors in Lincoln County, NE
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/sandhills