The Watkins Savings Bank: how it compares with its peers
Against 62 IA banks with half to twice its assets, The Watkins Savings Bank's strongest measure in Q2 2026 is assets per employee ($12.4M vs. a $8.0M peer median). Its weakest relative measure is net interest margin (1.94% vs. 3.84%).
| Measure | The Watkins Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.51% | 1.31% | Bottom third Ahead of 6% of peers |
| Net interest margin Annualized net interest income over earning assets. | 1.94% | 3.84% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.75% | 58.42% | Bottom third Ahead of 13% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.4M | $8.0M | Top third Ahead of 89% of peers |
| Loans to deposits Net loans and leases over total deposits. | 43.05% | 73.89% | Context |
What it means for lending operations
Its efficiency ratio of 70.75% is above the 58.42% 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
- First Security State Bank Evansdale, IA · $87M
- The First National Bank of Manning Manning, IA · $88M
- The State Bank Spirit Lake, IA · $88M
- Tri-Valley Bank Randolph, IA · $83M
- Logan State Bank Logan, IA · $92M
- Sanborn Savings Bank Sanborn, IA · $93M
Questions about The Watkins Savings Bank
How big is The Watkins Savings Bank?
The Watkins Savings Bank, established in 1892, is headquartered in Watkins, IA. It reported $87M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The Watkins Savings Bank's return on assets?
0.51% annualized in Q2 2026, against a 1.31% median for 62 IA banks with half to twice its assets, ahead of 6% of them.
What is The Watkins Savings Bank's efficiency ratio?
70.75% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 58.42%, and lower is better.
Is The Watkins Savings Bank growing its loans?
Net loans shrank 1.7% over the year to Q2 2026, while deposits grew 5.2%.
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.