First Business Bank: how it compares with its peers
Against 11 WI banks with half to twice its assets, First Business Bank's strongest measure in Q2 2026 is assets per employee ($12.7M vs. a $8.9M peer median). Its weakest relative measure is efficiency ratio (58.08% vs. 51.86%).
| Measure | First Business Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.41% | 1.33% | Middle third Ahead of 55% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.80% | 3.57% | Middle third Ahead of 55% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.08% | 51.86% | Middle third Ahead of 45% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.7M | $8.9M | Top third Ahead of 82% of peers |
| Loans to deposits Net loans and leases over total deposits. | 98.68% | 94.20% | Context |
What it means for lending operations
Its efficiency ratio of 58.08% is above the 51.86% 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
- Town Bank, National Association Hartland, WI · $4.71B
- John Deere Financial, f.s.b. Middleton, WI · $4.93B
- Lake Ridge Bank Middleton, WI · $3.35B
- National Exchange Bank and Trust Fond Du Lac, WI · $2.89B
- Bank First, N.A. Manitowoc, WI · $5.94B
- One Community Bank Oregon, WI · $2.63B
Questions about First Business Bank
How big is First Business Bank?
First Business Bank, established in 1909, is headquartered in Madison, WI. It reported $4.41B in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is First Business Bank's return on assets?
1.41% annualized in Q2 2026, against a 1.33% median for 11 WI banks with half to twice its assets, ahead of 55% of them.
What is First Business Bank's efficiency ratio?
58.08% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 51.86%, and lower is better.
Is First Business Bank growing its loans?
Net loans grew 9.9% over the year to Q2 2026, while deposits grew 8.6%.
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 WI 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 Wisconsin bank ranked.