The Exchange State Bank: how it compares with its peers
Against 31 IA banks with half to twice its assets, The Exchange State Bank's strongest measure in Q2 2026 is net interest margin (3.79% vs. a 3.77% peer median). Its weakest relative measure is assets per employee ($6.6M vs. $7.7M).
| Measure | The Exchange State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.02% | 1.13% | Middle third Ahead of 35% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.79% | 3.77% | Middle third Ahead of 52% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.05% | 63.70% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.6M | $7.7M | Bottom third Ahead of 33% of peers |
| Loans to deposits Net loans and leases over total deposits. | 58.59% | 63.78% | Context |
What it means for lending operations
Its efficiency ratio of 68.05% is above the 63.70% 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
- Ashton State Bank Ashton, IA · $55M
- Montezuma State Bank Montezuma, IA · $55M
- Benton County State Bank Blairstown, IA · $51M
- Palo Savings Bank Palo, IA · $49M
- ITS Bank Johnston, IA · $45M
- Defiance State Bank Defiance, IA · $43M
Questions about The Exchange State Bank
How big is The Exchange State Bank?
The Exchange State Bank, established in 1934, is headquartered in Springville, IA. It reported $53M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is The Exchange State Bank's return on assets?
1.02% annualized in Q2 2026, against a 1.13% median for 31 IA banks with half to twice its assets, ahead of 35% of them.
What is The Exchange State Bank's efficiency ratio?
68.05% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 63.70%, and lower is better.
Is The Exchange State Bank growing its loans?
Net loans shrank 4.3% over the year to Q2 2026, while deposits grew 0.4%.
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.