Farmers State Bank: how it compares with its peers
Against 27 IA banks with half to twice its assets, Farmers State Bank's strongest measure in Q2 2026 is assets per employee ($15.7M vs. a $8.9M peer median). Its weakest relative measure is net interest margin (3.04% vs. 3.63%).
| Measure | Farmers State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.41% | 1.50% | Middle third Ahead of 48% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.04% | 3.63% | Bottom third Ahead of 15% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 51.21% | 53.38% | Middle third Ahead of 59% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $15.7M | $8.9M | Top third Ahead of 93% of peers |
| Loans to deposits Net loans and leases over total deposits. | 102.79% | 90.84% | Context |
What it means for lending operations
Its efficiency ratio of 51.21% is better than the 53.38% 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
- The Security National Bank of Sioux City, Iowa Sioux City, IA · $1.69B
- CBI Bank & Trust Muscatine, IA · $1.70B
- Lincoln Savings Bank Reinbeck, IA · $1.71B
- Availa Bank Carroll, IA · $1.73B
- Community State Bank Ankeny, IA · $1.75B
- American State Bank Sioux Center, IA · $1.45B
Questions about Farmers State Bank
How big is Farmers State Bank?
Farmers State Bank, established in 1903, is headquartered in Waterloo, IA. It reported $1.60B in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is Farmers State Bank's return on assets?
1.41% annualized in Q2 2026, against a 1.50% median for 27 IA banks with half to twice its assets, ahead of 48% of them.
What is Farmers State Bank's efficiency ratio?
51.21% in Q2 2026: it spent about 51 cents in noninterest expense for each dollar of revenue. The peer median is 53.38%, and lower is better.
Is Farmers State Bank growing its loans?
Net loans grew 0.4% over the year to Q2 2026, while deposits shrank 2.4%.
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 IA 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 Iowa bank ranked.