Question 1

What is Lyndon State Bank?

Accepted Answer

Lyndon State Bank is a community-focused commercial bank serving rural Kansas communities with a strong emphasis on agricultural and residential lending. Headquartered in Lyndon, Kansas, in Osage County, the bank operates with approximately $104 million in total assets and maintains three branch locations. The bank specializes in serving the unique financial needs of agricultural producers, homeowners, and small businesses in east-central Kansas.

As an FDIC-insured state-chartered bank, Lyndon State Bank operates under the supervision of the FDIC and is wholly owned by CMJR Investments, Inc., a one-bank holding company.

Question 2

When was Lyndon State Bank founded?

Accepted Answer

Lyndon State Bank was established on August 1, 1901, making it one of the longest-operating financial institutions in Kansas with over 120 years of continuous service. Founded during the early agricultural development era of eastern Kansas, the bank was created to serve the farming communities and rural residents of Osage County and surrounding areas.

The bank has maintained its community banking focus throughout its history, adapting to serve successive generations of Kansas families while remaining true to its agricultural roots and commitment to local economic development.

Question 3

Where is Lyndon State Bank headquartered?

Accepted Answer

Lyndon State Bank is headquartered at 817 Topeka Avenue, Lyndon, Kansas 66451. Lyndon serves as the county seat of Osage County and is located in east-central Kansas within the Topeka Metropolitan Statistical Area.

The headquarters location houses the bank's main full-service branch and administrative operations, serving as the hub for the institution's community banking activities.

Question 4

Where does Lyndon State Bank operate?

Accepted Answer

Lyndon State Bank operates three branch locations across rural east-central Kansas, serving communities in Osage, Coffey, and Franklin counties. The bank's footprint includes:
• Lyndon Branch (headquarters): 817 Topeka Avenue, Lyndon, KS - Full-service brick and mortar office
• Melvern Branch: 102 SW Main Street, Melvern, KS - Full-service brick and mortar office
• Topeka Branch: 1535 SW Fairlawn Road, Topeka, KS - Limited service facility (Note: This branch was closed on August 30, 2024)

The bank's assessment area encompasses Osage County (within the Topeka MSA) as well as Coffey and Franklin counties in nonmetropolitan Kansas. This service territory covers extensive rural countryside, farmland, and small agricultural communities in the region.

Question 5

What services does Lyndon State Bank offer?

Accepted Answer

Lyndon State Bank provides a comprehensive range of banking services tailored to meet the needs of rural and agricultural customers:

Personal Banking: Checking and savings accounts designed for various lifestyles, consumer loans, and residential mortgage lending. Home mortgage lending represents the largest product in the bank's loan portfolio.

Agricultural Banking: Small farm loans and agricultural financing, which constitute a significant portion of the bank's lending activity. The bank has deep expertise in serving the agricultural community with specialized credit products for farmers and ranchers.

Commercial Banking: Small business loans, commercial lending, and business banking services to support local economic development and entrepreneurship in rural Kansas communities.

Digital Banking Services: The bank offers modern digital banking convenience through the LSB Hometown Anywhere mobile app, available on both Google Play Store and Apple Store as a free download. Digital features include:
• Remote Deposit Anywhere (RDA): Mobile check deposit with same-day processing for deposits before 2 p.m.
• Peer-to-Peer (P2P) Payments: Send money to anyone using just an email address
• Online Bill Pay: Pay bills from the comfort of home or office through a single website
• Account Management: Access all accounts, review transactions, and transfer funds online

The bank combines traditional community banking values with modern technology to serve customers efficiently.

Question 6

What makes Lyndon State Bank unique?

Accepted Answer

Deep Agricultural Heritage: With over 120 years of service since 1901, Lyndon State Bank has developed specialized expertise in agricultural lending and understands the unique financial challenges and opportunities facing Kansas farmers and rural communities. Small farm lending represents one of the highest volumes of loans originated by the bank.

Community Reinvestment Focus: The bank demonstrates strong Community Reinvestment Act (CRA) performance, with a loan-to-deposit ratio that exceeds reasonable standards given its size and market. The bank originated a majority of its home mortgage, small farm, and small business loans within its assessment area, reflecting genuine commitment to local community development.

Rural Market Specialization: Unlike larger regional banks, Lyndon State Bank focuses exclusively on serving the specific needs of rural Kansas communities, maintaining branches in smaller towns like Melvern and Lyndon where banking access might otherwise be limited.

Responsive Community Banking: As a locally-owned, independent community bank with just three offices and 21 employees, Lyndon State Bank provides personalized service and local decision-making that larger institutions cannot match.

Question 7

What type of financial institution is Lyndon State Bank?

Accepted Answer

Lyndon State Bank is classified as a commercial bank with state charter, Federal Reserve non-member, supervised by the FDIC. It operates as a traditional community bank focused on relationship-based banking in rural markets.

As a community bank, Lyndon State Bank emphasizes personal relationships with customers, local lending decisions, and deep community involvement. The bank's structure allows it to be responsive to local needs while maintaining the stability and security of FDIC insurance protection for depositors.

The bank is designated as a community bank by federal regulators and participates in the Community Reinvestment Act program, reflecting its mission to meet the credit needs of its entire community, including low- and moderate-income areas within its service territory.

Question 8

What is Lyndon State Bank's financial performance?

Accepted Answer

As of the most recent FDIC data, Lyndon State Bank maintains solid financial metrics that demonstrate stability and profitability:

Asset Quality: Total assets of $103.96 million with total deposits of $78.65 million, indicating a healthy deposit base supporting lending operations.

Profitability: The bank reported net income of $809,000 annually with a Return on Assets (ROA) of 1.05% and Return on Equity (ROE) of 12.04%, both of which indicate strong profitability relative to peer community banks.

Lending Focus: Net loans and leases total $85.56 million, reflecting an active lending operation with strong deployment of deposits into community loans. The loan portfolio composition emphasizes home mortgages as the largest category, followed by agricultural loans and small business financing.

Insurance: The bank has been FDIC-insured since January 1, 1934, providing depositors with federal deposit insurance protection and regulatory oversight that ensures financial stability.

Lyndon State Bank

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About Lyndon State Bank in the United States