First State Bank: how it compares with its peers
Against 60 KY banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is efficiency ratio (45.90% vs. a 58.92% peer median). Its weakest relative measure is assets per employee ($4.5M vs. $6.1M).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.72% | 1.29% | Top third Ahead of 77% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.08% | 3.92% | Middle third Ahead of 60% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.90% | 58.92% | Top third Ahead of 98% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.5M | $6.1M | Bottom third Ahead of 12% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.21% | 84.02% | Context |
What it means for lending operations
Its efficiency ratio of 45.90% is better than the 58.92% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Bank of the Bluegrass and Trust Company Lexington, KY · $407M
- Bank of Lexington, Inc. Lexington, KY · $411M
- Cumberland Security Bank, Inc. Somerset, KY · $420M
- Citizens Bank & Trust Company Campbellsville, KY · $383M
- The First National Bank of Grayson Grayson, KY · $372M
- Town & Country Bank and Trust Company Bardstown, KY · $434M
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1903, is headquartered in Irvington, KY. It reported $402M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is First State Bank's return on assets?
1.72% annualized in Q2 2026, against a 1.29% median for 60 KY banks with half to twice its assets, ahead of 77% of them.
What is First State Bank's efficiency ratio?
45.90% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 58.92%, and lower is better.
Is First State Bank growing its loans?
Net loans grew 6.1% over the year to Q2 2026, while deposits grew 18.9%.
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 KY 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 Kentucky bank ranked.