Bank 1st: how it compares with its peers
Against 105 IA banks with half to twice its assets, Bank 1st's strongest measure in Q2 2026 is assets per employee ($8.7M vs. a $8.5M peer median). Its weakest relative measure is efficiency ratio (60.93% vs. 57.36%).
| Measure | Bank 1st | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.30% | 1.33% | Middle third Ahead of 46% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.43% | 3.64% | Middle third Ahead of 39% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.93% | 57.36% | Bottom third Ahead of 30% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.7M | $8.5M | Middle third Ahead of 56% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.24% | 79.50% | Context |
What it means for lending operations
Its efficiency ratio of 60.93% is above the 57.36% 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
- Citizens Savings Bank Anamosa, IA · $166M
- Union State Bank Greenfield, IA · $169M
- Templeton Savings Bank Templeton, IA · $170M
- Atkins Savings Bank & Trust Atkins, IA · $172M
- Boone Bank & Trust Co. Boone, IA · $157M
- Hiawatha Bank and Trust Company Hiawatha, IA · $157M
Questions about Bank 1st
How big is Bank 1st?
Bank 1st, established in 1934, is headquartered in West Union, IA. It reported $166M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Bank 1st's return on assets?
1.30% annualized in Q2 2026, against a 1.33% median for 105 IA banks with half to twice its assets, ahead of 46% of them.
What is Bank 1st's efficiency ratio?
60.93% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 57.36%, and lower is better.
Is Bank 1st growing its loans?
Net loans grew 4.1% over the year to Q2 2026, while deposits shrank 7.1%.
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.