Westside State Bank: how it compares with its peers
Against 120 IA banks with half to twice its assets, Westside State Bank's strongest measure in Q2 2026 is net interest margin (3.99% vs. a 3.63% peer median). Its weakest relative measure is efficiency ratio (62.18% vs. 54.67%).
| Measure | Westside State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.21% | 1.42% | Middle third Ahead of 34% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.99% | 3.63% | Top third Ahead of 75% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.18% | 54.67% | Bottom third Ahead of 20% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.1M | $8.6M | Middle third Ahead of 40% of peers |
| Loans to deposits Net loans and leases over total deposits. | 111.90% | 80.42% | Context |
What it means for lending operations
Its efficiency ratio of 62.18% is above the 54.67% 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
- Freedom Financial Bank West Des Moines, IA · $269M
- Mediapolis Savings Bank Mediapolis, IA · $270M
- Security Trust & Savings Bank Storm Lake, IA · $266M
- Cherokee State Bank Cherokee, IA · $271M
- Farmers and Merchants State Bank Winterset, IA · $272M
- FNB Bank Fontanelle, IA · $275M
Questions about Westside State Bank
How big is Westside State Bank?
Westside State Bank, established in 1907, is headquartered in Westside, IA. It reported $269M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is Westside State Bank's return on assets?
1.21% annualized in Q2 2026, against a 1.42% median for 120 IA banks with half to twice its assets, ahead of 34% of them.
What is Westside State Bank's efficiency ratio?
62.18% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 54.67%, and lower is better.
Is Westside State Bank growing its loans?
Net loans grew 12.4% over the year to Q2 2026, while deposits grew 15.7%.
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.