State Bank: how it compares with its peers
Against 28 IN banks with half to twice its assets, State Bank's strongest measure in Q2 2026 is assets per employee ($7.6M vs. a $6.3M peer median). Its weakest relative measure is efficiency ratio (65.46% vs. 63.29%).
| Measure | State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.07% | 1.14% | Middle third Ahead of 46% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.04% | 3.76% | Top third Ahead of 75% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.46% | 63.29% | Middle third Ahead of 43% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.6M | $6.3M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 91.52% | 81.94% | Context |
What it means for lending operations
Its efficiency ratio of 65.46% is above the 63.29% 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
- Citizens State Bank of New Castle, Indiana New Castle, IN · $909M
- Greenfield Banking Company Greenfield, IN · $930M
- Community First Bank of Indiana Kokomo, IN · $980M
- The Fountain Trust Company Covington, IN · $845M
- First State Bank of Middlebury Middlebury, IN · $836M
- FCN Bank, National Association Brookville, IN · $812M
Questions about State Bank
How big is State Bank?
State Bank, established in 1910, is headquartered in Brownsburg, IN. It reported $916M in total assets in its Q2 2026 FDIC call report and operates 11 offices.
What is State Bank's return on assets?
1.07% annualized in Q2 2026, against a 1.14% median for 28 IN banks with half to twice its assets, ahead of 46% of them.
What is State Bank's efficiency ratio?
65.46% in Q2 2026: it spent about 65 cents in noninterest expense for each dollar of revenue. The peer median is 63.29%, and lower is better.
Is State Bank growing its loans?
Net loans grew 7.9% over the year to Q2 2026, while deposits grew 5.6%.
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 IN 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 Indiana bank ranked.