22nd State Bank
22nd State Bank is a community-focused financial institution serving Lower Alabama for over a century. The bank provides personalized banking solutions including consumer banking, business banking, and wealth management services. Originally founded as Farmers Exchange Bank in 1917, the institution was rebranded to 22nd State Bank in 2018 and operates with 7 branches throughout Alabama.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (65 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
22nd State Bank ranks #108 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of 22nd State Bank’s 7(a) acquisition lending falls in the $500K-$1M range: 20 loans, 30.8% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 13 | 20.0% | |
| $500K-$1M | 20 | 30.8% | |
| $1M-$2M | 17 | 26.1% | |
| $2M-$3M | 10 | 15.4% | |
| $3M-$4M | 2 | 3.1% | |
| $4M-$5M | 3 | 4.6% |
Industries with highest loan volume
Residential Remodelers
6
loans
$1.2M
avg. amount
All Other Specialty Trade Contractors
4
loans
$1.2M
avg. amount
Janitorial Services
3
loans
$1.3M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
3
loans
$2.0M
avg. amount
Limited-Service Restaurants
3
loans
$836K
avg. amount
Landscaping Services
3
loans
$1.5M
avg. amount
Full-Service Restaurants
2
loans
$1.7M
avg. amount
Child Care Services
2
loans
$450K
avg. amount
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
2
loans
$1.6M
avg. amount
Home Health Care Services
2
loans
$468K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
22nd State Bank’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 0 of the last 8 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 3.06% |
| $500K-$1M | Prime + 2.69% |
| $1M-$2M | Prime + 2.76% |
| $2M-$3M | Prime + 2.52% |
| $3M-$4M | Prime + 2.38% |
| $4M-$5M | Prime + 2.83% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q1 '23 | Prime + 2.50% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 7 |
| Q2 '23 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 6 |
| Q3 '23 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 7 |
| Q4 '23 | Prime + 2.75% | Prime + 2.00% | Prime + 1.42% – Prime + 2.50% | 13 |
| Q1 '24 | Prime + 2.75% | Prime + 2.00% | Prime + 1.48% – Prime + 2.50% | 13 |
| Q2 '24 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 8 |
| Q3 '25 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q4 '25 | Prime + 2.25% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 3 |
22nd State Bank has originated 7(a) acquisition loans in 27 states, most actively in Florida (10), California (5) and Arizona (5). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Florida | 10 | 15.4% |
| California | 5 | 7.7% |
| Arizona | 5 | 7.7% |
| Colorado | 5 | 7.7% |
| Wisconsin | 4 | 6.2% |
| Pennsylvania | 4 | 6.2% |
| Massachusetts | 3 | 4.6% |
| Virginia | 2 | 3.1% |
| Hawaii | 2 | 3.1% |
| Georgia | 2 | 3.1% |
| Washington | 2 | 3.1% |
| South Carolina | 2 | 3.1% |
| Maryland | 2 | 3.1% |
| Maine | 2 | 3.1% |
| Texas | 2 | 3.1% |
| New Jersey | 2 | 3.1% |
| Indiana | 1 | 1.5% |
| Connecticut | 1 | 1.5% |
| Vermont | 1 | 1.5% |
| Minnesota | 1 | 1.5% |
| New Mexico | 1 | 1.5% |
| Kentucky | 1 | 1.5% |
| Nevada | 1 | 1.5% |
| Oregon | 1 | 1.5% |
| Alabama | 1 | 1.5% |
| Ohio | 1 | 1.5% |
| Montana | 1 | 1.5% |
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