First State Bank: how it compares with its peers
Against 18 MS banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is assets per employee ($5.1M vs. a $5.7M peer median). Its weakest relative measure is return on assets (0.34% vs. 1.27%).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.34% | 1.27% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.89% | 3.94% | Bottom third Ahead of 6% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.91% | 64.38% | Bottom third Ahead of 6% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.1M | $5.7M | Middle third Ahead of 44% of peers |
| Loans to deposits Net loans and leases over total deposits. | 63.76% | 76.33% | Context |
What it means for lending operations
Its efficiency ratio of 82.91% is above the 64.38% 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
- FNB Oxford Bank Oxford, MS · $940M
- First Security Bank Batesville, MS · $977M
- Story Bank DBA Story Financial Partners Jackson, MS · $1.01B
- BNA Bank New Albany, MS · $856M
- The Peoples Bank, Biloxi, Mississippi Biloxi, MS · $771M
- Bank of Commerce Greenwood, MS · $1.13B
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1934, is headquartered in Waynesboro, MS. It reported $952M in total assets in its Q2 2026 FDIC call report and operates 16 offices.
What is First State Bank's return on assets?
0.34% annualized in Q2 2026, against a 1.27% median for 18 MS banks with half to twice its assets, ahead of 0% of them.
What is First State Bank's efficiency ratio?
82.91% in Q2 2026: it spent about 83 cents in noninterest expense for each dollar of revenue. The peer median is 64.38%, and lower is better.
Is First State Bank growing its loans?
Net loans grew 20.1% over the year to Q2 2026, while deposits grew 0.5%.
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 MS 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 Mississippi bank ranked.