Farmers State Bank: how it compares with its peers
Against 18 IN banks with half to twice its assets, Farmers State Bank's strongest measure in Q2 2026 is efficiency ratio (47.56% vs. a 66.83% peer median). Its weakest relative measure is net interest margin (4.04% vs. 3.87%).
| Measure | Farmers State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.85% | 1.06% | Top third Ahead of 89% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.04% | 3.87% | Top third Ahead of 67% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 47.56% | 66.83% | Top third Ahead of 94% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.6M | $6.7M | Top third Ahead of 89% of peers |
| Loans to deposits Net loans and leases over total deposits. | 77.71% | 85.67% | Context |
What it means for lending operations
Its efficiency ratio of 47.56% is better than the 66.83% 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
- First Harrison Bank Corydon, IN · $1.29B
- Jackson County Bank Seymour, IN · $1.11B
- First Bank of Berne Berne, IN · $1.09B
- First Bank Midwest Frankfort, IN · $1.55B
- Community First Bank of Indiana Kokomo, IN · $980M
Questions about Farmers State Bank
How big is Farmers State Bank?
Farmers State Bank, established in 1934, is headquartered in Lagrange, IN. It reported $1.31B in total assets in its Q2 2026 FDIC call report and operates 12 offices.
What is Farmers State Bank's return on assets?
1.85% annualized in Q2 2026, against a 1.06% median for 18 IN banks with half to twice its assets, ahead of 89% of them.
What is Farmers State Bank's efficiency ratio?
47.56% in Q2 2026: it spent about 48 cents in noninterest expense for each dollar of revenue. The peer median is 66.83%, and lower is better.
Is Farmers State Bank growing its loans?
Net loans grew 8.7% over the year to Q2 2026, while deposits shrank 0.1%.
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 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.