Flatwater Bank: how it compares with its peers
Against 58 NE banks with half to twice its assets, Flatwater Bank's strongest measure in Q2 2026 is assets per employee ($9.4M vs. a $8.1M peer median). Its weakest relative measure is net interest margin (3.55% vs. 3.99%).
| Measure | Flatwater Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.27% | 1.47% | Middle third Ahead of 36% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.55% | 3.99% | Bottom third Ahead of 31% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.06% | 56.89% | Middle third Ahead of 45% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.4M | $8.1M | Top third Ahead of 76% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.72% | 85.61% | Context |
What it means for lending operations
Its efficiency ratio of 58.06% is above the 56.89% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Nebraska Bank Valley, NE · $371M
- The First National Bank of Gordon Gordon, NE · $358M
- Banner Capital Bank Harrisburg, NE · $380M
- F&M Bank West Point, NE · $355M
- Sandhills State Bank North Platte, NE · $383M
- Lincoln FSB of Nebraska Lincoln, NE · $387M
Questions about Flatwater Bank
How big is Flatwater Bank?
Flatwater Bank, established in 1902, is headquartered in Gothenburg, NE. It reported $368M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Flatwater Bank's return on assets?
1.27% annualized in Q2 2026, against a 1.47% median for 58 NE banks with half to twice its assets, ahead of 36% of them.
What is Flatwater Bank's efficiency ratio?
58.06% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 56.89%, and lower is better.
Is Flatwater Bank growing its loans?
Net loans grew 10.9% over the year to Q2 2026, while deposits grew 21.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NE banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Nebraska bank ranked.