State Bank: how it compares with its peers
Against 55 IA banks with half to twice its assets, State Bank's strongest measure in Q2 2026 is net interest margin (4.18% vs. a 3.79% peer median). Its weakest relative measure is efficiency ratio (81.86% vs. 59.04%).
| Measure | State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.80% | 1.24% | Bottom third Ahead of 18% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.18% | 3.79% | Top third Ahead of 82% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 81.86% | 59.04% | Bottom third Ahead of 2% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.8M | $8.0M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.76% | 71.72% | Context |
What it means for lending operations
Its efficiency ratio of 81.86% is above the 59.04% 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 Yale, IA · $73M
- The Farmers State Bank Marcus, IA · $77M
- First State Bank Nashua, IA · $72M
- First Heritage Bank Shenandoah, IA · $72M
- Citizens Savings Bank Marshalltown, IA · $78M
- Sloan State Bank Sloan, IA · $79M
Questions about State Bank
How big is State Bank?
State Bank, established in 1944, is headquartered in Spencer, IA. It reported $75M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is State Bank's return on assets?
0.80% annualized in Q2 2026, against a 1.24% median for 55 IA banks with half to twice its assets, ahead of 18% of them.
What is State Bank's efficiency ratio?
81.86% in Q2 2026: it spent about 82 cents in noninterest expense for each dollar of revenue. The peer median is 59.04%, and lower is better.
Is State Bank growing its loans?
Net loans grew 1.6% over the year to Q2 2026, while deposits shrank 0.2%.
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.