Bank Plus: how it compares with its peers
Against 102 IA banks with half to twice its assets, Bank Plus's strongest measure in Q2 2026 is net interest margin (4.44% vs. a 3.64% peer median). Its weakest relative measure is assets per employee ($5.8M vs. $8.5M).
| Measure | Bank Plus | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.19% | 1.33% | Middle third Ahead of 37% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.44% | 3.64% | Top third Ahead of 92% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.09% | 57.24% | Bottom third Ahead of 15% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.8M | $8.5M | Bottom third Ahead of 14% of peers |
| Loans to deposits Net loans and leases over total deposits. | 116.29% | 76.66% | Context |
What it means for lending operations
Its efficiency ratio of 70.09% is above the 57.24% 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
- Exchange State Bank Ames, IA · $146M
- First State Bank Belmond, IA · $142M
- Bridge Community Bank Mount Vernon, IA · $141M
- Farmers Trust & Savings Bank Earling, IA · $148M
- Readlyn Savings Bank Readlyn, IA · $148M
- Farmers Savings Bank Marshalltown, IA · $140M
Questions about Bank Plus
How big is Bank Plus?
Bank Plus, established in 1947, is headquartered in Estherville, IA. It reported $145M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Bank Plus's return on assets?
1.19% annualized in Q2 2026, against a 1.33% median for 102 IA banks with half to twice its assets, ahead of 37% of them.
What is Bank Plus's efficiency ratio?
70.09% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 57.24%, and lower is better.
Is Bank Plus growing its loans?
Net loans grew 2.7% over the year to Q2 2026, while deposits shrank 6.5%.
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 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.