North State Bank: how it compares with its peers
Against 916 U.S. banks with half to twice its assets, North State Bank's strongest measure in Q2 2026 is net interest margin (4.00% vs. a 3.81% peer median). Its weakest relative measure is efficiency ratio (82.03% vs. 60.49%).
| Measure | North State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.79% | 1.24% | Bottom third Ahead of 19% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.00% | 3.81% | Middle third Ahead of 62% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.03% | 60.49% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.5M | $8.1M | Middle third Ahead of 38% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.20% | 85.48% | Context |
What it means for lending operations
Its efficiency ratio of 82.03% is above the 60.49% 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
- Central Bank Illinois Geneseo, IL · $1.46B
- Ameriserv Financial Bank Johnstown, PA · $1.46B
- Pegasus Bank Dallas, TX · $1.46B
- Apex Bank Camden, TN · $1.46B
- Riverview Bank Vancouver, WA · $1.47B
- Bankers' Bank Madison, WI · $1.47B
Questions about North State Bank
How big is North State Bank?
North State Bank, established in 2000, is headquartered in Raleigh, NC. It reported $1.46B in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is North State Bank's return on assets?
0.79% annualized in Q2 2026, against a 1.24% median for 916 U.S. banks with half to twice its assets, ahead of 19% of them.
What is North State Bank's efficiency ratio?
82.03% in Q2 2026: it spent about 82 cents in noninterest expense for each dollar of revenue. The peer median is 60.49%, and lower is better.
Is North State Bank growing its loans?
Net loans shrank 0.6% over the year to Q2 2026, while deposits grew 6.7%.
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 U.S. 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 North Carolina bank ranked.