Heartland Bank: how it compares with its peers
Against 118 IA banks with half to twice its assets, Heartland Bank's strongest measure in Q2 2026 is net interest margin (5.09% vs. a 3.63% peer median). Its weakest relative measure is assets per employee ($7.8M vs. $8.6M).
| Measure | Heartland Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.17% | 1.39% | Top third Ahead of 91% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.09% | 3.63% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 51.63% | 55.03% | Middle third Ahead of 66% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.8M | $8.6M | Bottom third Ahead of 33% of peers |
| Loans to deposits Net loans and leases over total deposits. | 104.22% | 80.32% | Context |
What it means for lending operations
Its efficiency ratio of 51.63% is better than the 55.03% 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
- The Citizens First National Bank of Storm Lake Storm Lake, IA · $256M
- Malvern Bank Malvern, IA · $253M
- Denver Savings Bank Denver, IA · $251M
- Security Trust & Savings Bank Storm Lake, IA · $266M
- Westside State Bank Westside, IA · $269M
- Freedom Financial Bank West Des Moines, IA · $269M
Questions about Heartland Bank
How big is Heartland Bank?
Heartland Bank, established in 1901, is headquartered in Somers, IA. It reported $256M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Heartland Bank's return on assets?
2.17% annualized in Q2 2026, against a 1.39% median for 118 IA banks with half to twice its assets, ahead of 91% of them.
What is Heartland Bank's efficiency ratio?
51.63% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 55.03%, and lower is better.
Is Heartland Bank growing its loans?
Net loans grew 4.2% over the year to Q2 2026, while deposits grew 2.4%.
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 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.