First Bank Midwest: how it compares with its peers
Against 15 IN banks with half to twice its assets, First Bank Midwest's strongest measure in Q2 2026 is assets per employee ($8.9M vs. a $6.8M peer median). Its weakest relative measure is net interest margin (3.19% vs. 3.89%).
| Measure | First Bank Midwest | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.72% | 1.07% | Bottom third Ahead of 13% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.19% | 3.89% | Bottom third Ahead of 7% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.12% | 63.14% | Bottom third Ahead of 33% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.9M | $6.8M | Top third Ahead of 87% of peers |
| Loans to deposits Net loans and leases over total deposits. | 104.82% | 79.39% | Context |
What it means for lending operations
Its efficiency ratio of 69.12% is above the 63.14% 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
- Farmers State Bank Lagrange, IN · $1.31B
- First Harrison Bank Corydon, IN · $1.29B
- Jackson County Bank Seymour, IN · $1.11B
- First Bank of Berne Berne, IN · $1.09B
- Peoples Bank Munster, IN · $2.04B
Questions about First Bank Midwest
How big is First Bank Midwest?
First Bank Midwest, established in 1887, is headquartered in Frankfort, IN. It reported $1.55B in total assets in its Q2 2026 FDIC call report and operates 26 offices.
What is First Bank Midwest's return on assets?
0.72% annualized in Q2 2026, against a 1.07% median for 15 IN banks with half to twice its assets, ahead of 13% of them.
What is First Bank Midwest's efficiency ratio?
69.12% in Q2 2026: it spent about 69 cents in noninterest expense for each dollar of revenue. The peer median is 63.14%, and lower is better.
Is First Bank Midwest growing its loans?
Net loans grew 3.3% over the year to Q2 2026, while deposits grew 4.8%.
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.