Bank · FDIC insured
Elevate Bank
A $61M bank headquartered in Sedan, KS, with 2 branches in 2 states. Best rates: CDs 3.79% and savings 2.53% APY.
Elevate Bank Carrot Score
76
Carrot Score
Higher than 42% of U.S. banks and credit unions
#25 of 44 in Tulsa, OK metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Elevate Bank
Elevate Bank was founded in 1874 as The Private Bank of L.L. Turner.
The bank changed its name to The First National Bank of Sedan in 1888, and in 2022 came under new ownership and became Elevate Bank.
Having operated for 150 years in Sedan, the bank expanded by opening its Pawhuska, Oklahoma branch in 2017.
- Headquarters
- 101 W Main St, Sedan, KS 67361
- FDIC certificate
- 4770 ↗
Branches
2 branches in 2 states
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Kansas
1 branch
- Elevate Bank, National AssociationMain office101 W Main St, Sedan, KS 67361Directions
Oklahoma
1 branch
- Pawhuska Branch1329 E Main St, Pawhuska, OK 74056Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.17% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 0.69% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 0.64% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $83 | $67 | — |
- CapitalLeverage ratio11.17%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent0.69%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets0.64%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$83Peers’ middle $67
Compared with the 546 banks with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Elevate Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.