Kansas's 384 insured banks had assets of $50 billion in 2002. Records of all banks and trust companies in the state are examined once a year either by the state bank commissioner, the Office of Comptroller of Currency, the Federal Deposit Insurance Corporation, or by a federal reserve bank. The state savings and loan commissioner's office was merged into the state bank commissioner's office in 1993.
Drought conditions in Kansas as of 2002 were severe, and farm banks in areas of prolonged drought saw higher loan delinquency rates than banks elsewhere. From 2000–02, many insured institutions in Kansas's larger metropolitan areas relied more heavily on commercial real estate (CRE) loans; CRE markets were weak in 2002.