The First National Bank of Primghar: how it compares with its peers
Against 18 IA banks with half to twice its assets, The First National Bank of Primghar's strongest measure in Q2 2026 is return on assets (0.87% vs. a 1.13% peer median). Its weakest relative measure is assets per employee ($5.2M vs. $7.2M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.87% | 1.13% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.64% | 3.86% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.42% | 64.51% | Bottom third Ahead of 33% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.2M | $7.2M | Bottom third Ahead of 12% of peers |
| Loans to deposits Net loans and leases over total deposits. | 90.24% | 59.84% | Context |
What it means for lending operations
Its efficiency ratio of 69.42% is above the 64.51% 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 Lake View, IA · $37M
- State Bank of Schaller Schaller, IA · $41M
- Maxwell State Bank Maxwell, IA · $32M
- Community State Bank Paton, IA · $41M
- Cornerstone Bank Clarinda, IA · $42M
- Defiance State Bank Defiance, IA · $43M
Questions about The First National Bank of Primghar
How big is The First National Bank of Primghar?
The First National Bank of Primghar, established in 1889, is headquartered in Primghar, IA. It reported $36M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The First National Bank of Primghar's return on assets?
0.87% annualized in Q2 2026, against a 1.13% median for 18 IA banks with half to twice its assets, ahead of 33% of them.
What is The First National Bank of Primghar's efficiency ratio?
69.42% in Q2 2026: it spent about 69 cents in noninterest expense for each dollar of revenue. The peer median is 64.51%, and lower is better.
Is The First National Bank of Primghar growing its loans?
Net loans grew 11.7% over the year to Q2 2026, while deposits grew 2.8%.
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 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.