First National Bank, Ames, Iowa: how it compares with its peers
Against 41 IA banks with half to twice its assets, First National Bank, Ames, Iowa's strongest measure in Q2 2026 is assets per employee ($9.5M vs. a $8.1M peer median). Its weakest relative measure is net interest margin (2.97% vs. 3.66%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.23% | 1.49% | Bottom third Ahead of 29% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.97% | 3.66% | Bottom third Ahead of 7% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 55.23% | 54.93% | Middle third Ahead of 49% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.5M | $8.1M | Top third Ahead of 68% of peers |
| Loans to deposits Net loans and leases over total deposits. | 68.32% | 88.46% | Context |
What it means for lending operations
Its efficiency ratio of 55.23% is above the 54.93% 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
- Farmers State Bank Marion, IA · $1.12B
- Pilot Grove Savings Bank Pilot Grove, IA · $1.22B
- Peoples Bank Rock Valley, IA · $1.25B
- Iowa State Bank Hull, IA · $1.26B
- VISIONBANK OF IOWA Ames, IA · $896M
- Capra Bank Dubuque, IA · $1.34B
Questions about First National Bank, Ames, Iowa
How big is First National Bank, Ames, Iowa?
First National Bank, Ames, Iowa, established in 1903, is headquartered in Ames, IA. It reported $1.11B in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is First National Bank, Ames, Iowa's return on assets?
1.23% annualized in Q2 2026, against a 1.49% median for 41 IA banks with half to twice its assets, ahead of 29% of them.
What is First National Bank, Ames, Iowa's efficiency ratio?
55.23% in Q2 2026: it spent about 55 cents in noninterest expense for each dollar of revenue. The peer median is 54.93%, and lower is better.
Is First National Bank, Ames, Iowa growing its loans?
Net loans shrank 2.2% over the year to Q2 2026, while deposits grew 4.0%.
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.