First Bank of Boaz: how it compares with its peers
Against 47 AL banks with half to twice its assets, First Bank of Boaz's strongest measure in Q2 2026 is assets per employee ($10.4M vs. a $5.7M peer median). Its weakest relative measure is net interest margin (2.67% vs. 4.14%).
| Measure | First Bank of Boaz | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.85% | 1.13% | Bottom third Ahead of 26% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.67% | 4.14% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.09% | 65.43% | Middle third Ahead of 57% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.4M | $5.7M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 33.22% | 67.75% | Context |
What it means for lending operations
Its efficiency ratio of 62.09% is better than the 65.43% 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
- The First National Bank and Trust Atmore, AL · $239M
- The Citizens Bank Enterprise, AL · $233M
- First Financial Bank Bessemer, AL · $248M
- Community Spirit Bank Red Bay, AL · $229M
- BankSouth Dothan, AL · $221M
- Liberty Bank Geraldine, AL · $259M
Questions about First Bank of Boaz
How big is First Bank of Boaz?
First Bank of Boaz, established in 1906, is headquartered in Boaz, AL. It reported $240M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is First Bank of Boaz's return on assets?
0.85% annualized in Q2 2026, against a 1.13% median for 47 AL banks with half to twice its assets, ahead of 26% of them.
What is First Bank of Boaz's efficiency ratio?
62.09% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 65.43%, and lower is better.
Is First Bank of Boaz growing its loans?
Net loans grew 8.2% over the year to Q2 2026, while deposits grew 1.2%.
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 AL 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 Alabama bank ranked.