The New Washington State Bank: how it compares with its peers
Against 35 IN banks with half to twice its assets, The New Washington State Bank's strongest measure in Q2 2026 is net interest margin (3.89% vs. a 3.73% peer median). Its weakest relative measure is return on assets (0.93% vs. 1.13%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.93% | 1.13% | Bottom third Ahead of 26% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.89% | 3.73% | Middle third Ahead of 66% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.00% | 63.14% | Bottom third Ahead of 29% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.2M | $6.5M | Middle third Ahead of 46% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.98% | 81.85% | Context |
What it means for lending operations
Its efficiency ratio of 70.00% is above the 63.14% 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
- FCN Bank, National Association Brookville, IN · $812M
- The North Salem State Bank North Salem, IN · $770M
- First State Bank of Middlebury Middlebury, IN · $836M
- The Fountain Trust Company Covington, IN · $845M
- Citizens Bank Mooresville, IN · $691M
- Citizens State Bank of New Castle, Indiana New Castle, IN · $909M
Questions about The New Washington State Bank
How big is The New Washington State Bank?
The New Washington State Bank, established in 1908, is headquartered in New Washington, IN. It reported $798M in total assets in its Q2 2026 FDIC call report and operates 12 offices.
What is The New Washington State Bank's return on assets?
0.93% annualized in Q2 2026, against a 1.13% median for 35 IN banks with half to twice its assets, ahead of 26% of them.
What is The New Washington State Bank's efficiency ratio?
70.00% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 63.14%, and lower is better.
Is The New Washington State Bank growing its loans?
Net loans grew 22.1% over the year to Q2 2026, while deposits grew 22.4%.
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 IN 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 Indiana bank ranked.