Manufacturers Bank & Trust Company
Forest City, Iowa, Winnebago County
$738M in total assets, the 1,352nd largest of 4,309 US banks and 39th of 227 headquartered in Iowa.
- FDIC certificate
- 16307
- Established
- 1945
- Owned by
- Mbt Corp
- Primary regulator
- FDIC
- Website
- www.mbtbank.bank
At a glance
Compared with 166 banks headquartered in Iowa 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 | $738M | 93% | $277M | |
| Loans | $516M | 93% | $192M | |
| Deposits | $640M | 95% | $234M | |
| Return on assets | 1.30% | 49% | 1.34% | |
| Net interest margin | 3.66% | 51% | 3.64% | |
| Efficiency ratio | 65.7% | 84% | 55.3% | |
| Equity to assets | 10.82% | 54% | 10.55% | |
| Loans to deposits | 81% | 45% | 83% |
Growth
Total assets grew 10.8% a year over the last 5 years and 8.9% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2021 | Farmers and Merchants State Bank of Blooming Prairie Blooming Prairie, MN | $112M |
| Sep 2021 | Citizens State Bank of Hayfield Hayfield, MN | $138M |
Where they operate
9 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Winnebago County, IA | $282M | 43.8% | 1 of 4 |
| Dodge County, MN | $146M | 41.9% | 1 of 5 |
| Steele County, MN | $74M | 7.6% | 6 of 13 |
| Cerro Gordo County, IA | $69M | 3.8% | 7 of 9 |
| Mower County, MN | $36M | 4.3% | 10 of 11 |
| Olmsted County, MN | $33M | 0.6% | 17 of 19 |
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 2 branches since 2016 (7 to 9, +28.6%). 0 opened, 5 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 7 | |||
| 2016 | Closed Rochester | 0 | 1 | −1 | 6 |
| 2020 | Closed Crystal Lake | 0 | 1 | −1 | 5 |
| 2021 | Acquired Farmers and Merchants State Bank of Blooming Prairie and Citizens State Bank of Hayfield | 5 | 0 | +5 | 10 |
| 2024 | Closed Clear Lake | 0 | 1 | −1 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 21% | 22% | |
| Commercial real estate | 19% | 17% | |
| Business (C&I) | 18% | 13% | |
| Farmland | 16% | 21% | |
| Agricultural | 10% | 17% | |
| Construction and land | 7% | 4% | |
| Multifamily | 6% | 3% | |
| Consumer | 2% | 2% | |
| Other | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 50% | 49% | |
| Time deposits | 31% | 33% | |
| Noninterest-bearing | 20% | 18% |
Brokered deposits are 3.0% of deposits (peers 3.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.91% | 0.46% |
| Net charge-offs, annualized | -0.00% | 0.00% |
| Reserves to loans | 1.52% | 1.22% |
| Leverage ratio | 10.44% | 10.95% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Winnebago County, IA
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/manufacturers