Ipswich State Bank: how it compares with its peers
Against 13 SD banks with half to twice its assets, Ipswich State Bank's strongest measure in Q2 2026 is efficiency ratio (46.87% vs. a 65.49% peer median). Its weakest relative measure is return on assets (1.83% vs. 1.11%).
| Measure | Ipswich State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.83% | 1.11% | Middle third Ahead of 62% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.80% | 3.65% | Middle third Ahead of 62% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 46.87% | 65.49% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.6M | $8.2M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 58.55% | 56.10% | Context |
What it means for lending operations
Its efficiency ratio of 46.87% is better than the 65.49% 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
- Community Bank Avon, SD · $69M
- State Bank of Eagle Butte Eagle Butte, SD · $80M
- Farmers State Bank of Canton Canton, SD · $82M
- The Security State Bank Emery, SD · $65M
- First Western Federal Savings Bank Rapid City, SD · $64M
- Western Dakota Bank Timber Lake, SD · $86M
Questions about Ipswich State Bank
How big is Ipswich State Bank?
Ipswich State Bank, established in 1938, is headquartered in Ipswich, SD. It reported $74M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Ipswich State Bank's return on assets?
1.83% annualized in Q2 2026, against a 1.11% median for 13 SD banks with half to twice its assets, ahead of 62% of them.
What is Ipswich State Bank's efficiency ratio?
46.87% in Q2 2026: it spent about 47 cents in noninterest expense for each dollar of revenue. The peer median is 65.49%, and lower is better.
Is Ipswich State Bank growing its loans?
Net loans grew 20.3% over the year to Q2 2026, while deposits grew 12.0%.
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 SD 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 South Dakota bank ranked.