Waukon State Bank: how it compares with its peers
Against 105 IA banks with half to twice its assets, Waukon State Bank's strongest measure in Q2 2026 is efficiency ratio (45.83% vs. a 55.46% peer median). Its weakest relative measure is assets per employee ($8.4M vs. $8.5M).
| Measure | Waukon State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.93% | 1.40% | Top third Ahead of 86% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.69% | 3.64% | Middle third Ahead of 54% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.83% | 55.46% | Top third Ahead of 88% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $8.5M | Middle third Ahead of 49% of peers |
| Loans to deposits Net loans and leases over total deposits. | 95.12% | 84.40% | Context |
What it means for lending operations
Its efficiency ratio of 45.83% is better than the 55.46% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Maquoketa State Bank Maquoketa, IA · $429M
- Farmers Trust and Savings Bank Buffalo Center, IA · $423M
- TS Bank Treynor, IA · $433M
- FreedomBank Elkader, IA · $434M
- Central State Bank Coralville, IA · $419M
- GreatAmerica Bank National Association Cedar Rapids, IA · $450M
Questions about Waukon State Bank
How big is Waukon State Bank?
Waukon State Bank, established in 1871, is headquartered in Waukon, IA. It reported $427M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Waukon State Bank's return on assets?
1.93% annualized in Q2 2026, against a 1.40% median for 105 IA banks with half to twice its assets, ahead of 86% of them.
What is Waukon State Bank's efficiency ratio?
45.83% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 55.46%, and lower is better.
Is Waukon State Bank growing its loans?
Net loans grew 1.7% 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 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.