Washington State Bank: how it compares with its peers
Against 74 IA banks with half to twice its assets, Washington State Bank's strongest measure in Q2 2026 is efficiency ratio (45.71% vs. a 55.14% peer median). Its weakest relative measure is net interest margin (3.37% vs. 3.65%).
| Measure | Washington State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.39% | 1.44% | Middle third Ahead of 43% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.37% | 3.65% | Bottom third Ahead of 31% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.71% | 55.14% | Top third Ahead of 88% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.7M | $8.1M | Top third Ahead of 85% of peers |
| Loans to deposits Net loans and leases over total deposits. | 70.62% | 85.91% | Context |
What it means for lending operations
Its efficiency ratio of 45.71% is better than the 55.14% 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
- Citizens State Bank Monticello, IA · $594M
- Peoples Savings Bank Indianola, IA · $610M
- Community Savings Bank Edgewood, IA · $614M
- Farmers & Merchants Savings Bank Manchester, IA · $617M
- Farmers Trust and Savings Bank Spencer, IA · $618M
- GNB Bank Grundy Center, IA · $621M
Questions about Washington State Bank
How big is Washington State Bank?
Washington State Bank, established in 1932, is headquartered in Washington, IA. It reported $601M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Washington State Bank's return on assets?
1.39% annualized in Q2 2026, against a 1.44% median for 74 IA banks with half to twice its assets, ahead of 43% of them.
What is Washington State Bank's efficiency ratio?
45.71% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 55.14%, and lower is better.
Is Washington State Bank growing its loans?
Net loans grew 10.3% over the year to Q2 2026, while deposits grew 0.3%.
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.