First Federal Bank & Trust: how it compares with its peers
Against 10 WY banks with half to twice its assets, First Federal Bank & Trust's strongest measure in Q2 2026 is net interest margin (3.69% vs. a 3.42% peer median). Its weakest relative measure is return on assets (0.68% vs. 1.42%).
| Measure | First Federal Bank & Trust | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.68% | 1.42% | Bottom third Ahead of 10% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.69% | 3.42% | Middle third Ahead of 60% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.52% | 55.67% | Bottom third Ahead of 20% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.1M | $8.1M | Middle third Ahead of 40% of peers |
| Loans to deposits Net loans and leases over total deposits. | 86.81% | 63.69% | Context |
What it means for lending operations
Its efficiency ratio of 70.52% is above the 55.67% 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
- First National Bank of Gillette Gillette, WY · $652M
- Jonah Bank of Wyoming Casper, WY · $563M
- Security State Bank Basin, WY · $449M
- Platte Valley Bank Torrington, WY · $809M
- Bank of Star Valley Afton, WY · $420M
- Big Horn Federal Savings Bank Greybull, WY · $400M
Questions about First Federal Bank & Trust
How big is First Federal Bank & Trust?
First Federal Bank & Trust, established in 1935, is headquartered in Sheridan, WY. It reported $621M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is First Federal Bank & Trust's return on assets?
0.68% annualized in Q2 2026, against a 1.42% median for 10 WY banks with half to twice its assets, ahead of 10% of them.
What is First Federal Bank & Trust's efficiency ratio?
70.52% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 55.67%, and lower is better.
Is First Federal Bank & Trust growing its loans?
Net loans shrank 1.0% over the year to Q2 2026, while deposits grew 1.8%.
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 WY 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 Wyoming bank ranked.