Federation Bank: how it compares with its peers
Against 105 IA banks with half to twice its assets, Federation Bank's strongest measure in Q2 2026 is net interest margin (4.31% vs. a 3.64% peer median). Its weakest relative measure is assets per employee ($6.5M vs. $8.5M).
| Measure | Federation Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.79% | 1.33% | Top third Ahead of 87% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.31% | 3.64% | Top third Ahead of 89% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.67% | 57.36% | Middle third Ahead of 41% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.5M | $8.5M | Bottom third Ahead of 20% of peers |
| Loans to deposits Net loans and leases over total deposits. | 61.03% | 78.30% | Context |
What it means for lending operations
Its efficiency ratio of 58.67% 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
- Audubon State Bank Audubon, IA · $155M
- Hiawatha Bank and Trust Company Hiawatha, IA · $157M
- Boone Bank & Trust Co. Boone, IA · $157M
- Citizens Savings Bank Spillville, IA · $151M
- Farmers State Bank Algona, IA · $150M
- Readlyn Savings Bank Readlyn, IA · $148M
Questions about Federation Bank
How big is Federation Bank?
Federation Bank, established in 1906, is headquartered in Washington, IA. It reported $156M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Federation Bank's return on assets?
1.79% annualized in Q2 2026, against a 1.33% median for 105 IA banks with half to twice its assets, ahead of 87% of them.
What is Federation Bank's efficiency ratio?
58.67% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 57.36%, and lower is better.
Is Federation Bank growing its loans?
Net loans grew 10.9% over the year to Q2 2026, while deposits grew 3.6%.
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.