Midwest Heritage Bank, FSB: how it compares with its peers
Against 64 IA banks with half to twice its assets, Midwest Heritage Bank, FSB's strongest measure in Q2 2026 is net interest margin (4.12% vs. a 3.67% peer median). Its weakest relative measure is assets per employee ($4.7M vs. $8.2M).
| Measure | Midwest Heritage Bank, FSB | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.75% | 1.44% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.12% | 3.67% | Top third Ahead of 92% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.77% | 54.78% | Bottom third Ahead of 11% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.7M | $8.2M | Bottom third Ahead of 3% of peers |
| Loans to deposits Net loans and leases over total deposits. | 80.34% | 87.53% | Context |
What it means for lending operations
Its efficiency ratio of 65.77% is above the 54.78% 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 Central State Bank Dewitt, IA · $772M
- Green Belt Bank & Trust Iowa Falls, IA · $759M
- City State Bank Norwalk, IA · $788M
- Decorah Bank & Trust Company Decorah, IA · $794M
- First Bank Waverly, IA · $740M
- Manufacturers Bank & Trust Company Forest City, IA · $738M
Questions about Midwest Heritage Bank, FSB
How big is Midwest Heritage Bank, FSB?
Midwest Heritage Bank, FSB, established in 1930, is headquartered in West Des Moines, IA. It reported $768M in total assets in its Q2 2026 FDIC call report and operates 13 offices.
What is Midwest Heritage Bank, FSB's return on assets?
1.75% annualized in Q2 2026, against a 1.44% median for 64 IA banks with half to twice its assets, ahead of 73% of them.
What is Midwest Heritage Bank, FSB's efficiency ratio?
65.77% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 54.78%, and lower is better.
Is Midwest Heritage Bank, FSB growing its loans?
Net loans grew 41.3% over the year to Q2 2026, while deposits grew 79.3%.
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 IA 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 Iowa bank ranked.