Midwest Bank: how it compares with its peers
Against 24 NE banks with half to twice its assets, Midwest Bank's strongest measure in Q2 2026 is net interest margin (3.69% vs. a 3.59% peer median). Its weakest relative measure is assets per employee ($7.0M vs. $8.4M).
| Measure | Midwest Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.10% | 1.24% | Bottom third Ahead of 29% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.69% | 3.59% | Middle third Ahead of 54% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.56% | 60.15% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.0M | $8.4M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 86.23% | 88.81% | Context |
What it means for lending operations
Its efficiency ratio of 62.56% is above the 60.15% 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
- Dayspring Bank Gothenburg, NE · $1.23B
- Platte Valley Bank Scottsbluff, NE · $1.25B
- BankFirst Norfolk, NE · $1.21B
- Adams Bank & Trust Ogallala, NE · $1.29B
- First State Bank Nebraska Lincoln, NE · $1.13B
- Access Bank Omaha, NE · $1.10B
Questions about Midwest Bank
How big is Midwest Bank?
Midwest Bank, established in 1882, is headquartered in Pierce, NE. It reported $1.24B in total assets in its Q2 2026 FDIC call report and operates 11 offices.
What is Midwest Bank's return on assets?
1.10% annualized in Q2 2026, against a 1.24% median for 24 NE banks with half to twice its assets, ahead of 29% of them.
What is Midwest Bank's efficiency ratio?
62.56% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 60.15%, and lower is better.
Is Midwest Bank growing its loans?
Net loans grew 0.8% over the year to Q2 2026, while deposits grew 6.3%.
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.