The First National Bank of Monterey: how it compares with its peers
Against 43 IN banks with half to twice its assets, The First National Bank of Monterey's strongest measure in Q2 2026 is assets per employee ($9.0M vs. a $6.1M peer median). Its weakest relative measure is net interest margin (3.06% vs. 3.68%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.10% | 1.09% | Middle third Ahead of 53% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.06% | 3.68% | Bottom third Ahead of 9% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.52% | 64.96% | Top third Ahead of 74% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.0M | $6.1M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 64.85% | 82.03% | Context |
What it means for lending operations
Its efficiency ratio of 56.52% is better than the 64.96% 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
- Home Bank SB Martinsville, IN · $433M
- Kentland Bank Kentland, IN · $419M
- First National Bank Cloverdale, IN · $419M
- Alliance Bank Francesville, IN · $455M
- The Hometown Savings Bank Terre Haute, IN · $456M
- The Bippus State Bank Huntington, IN · $459M
Questions about The First National Bank of Monterey
How big is The First National Bank of Monterey?
The First National Bank of Monterey, established in 1910, is headquartered in Monterey, IN. It reported $431M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is The First National Bank of Monterey's return on assets?
1.10% annualized in Q2 2026, against a 1.09% median for 43 IN banks with half to twice its assets, ahead of 53% of them.
What is The First National Bank of Monterey's efficiency ratio?
56.52% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 64.96%, and lower is better.
Is The First National Bank of Monterey growing its loans?
Net loans grew 8.5% over the year to Q2 2026, while deposits grew 2.1%.
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.