The State Bank of Toledo: how it compares with its peers
Against 90 IA banks with half to twice its assets, The State Bank of Toledo's strongest measure in Q2 2026 is net interest margin (4.46% vs. a 3.64% peer median). Its weakest relative measure is efficiency ratio (76.70% vs. 55.93%).
| Measure | The State Bank of Toledo | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.07% | 1.33% | Bottom third Ahead of 28% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.46% | 3.64% | Top third Ahead of 92% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 76.70% | 55.93% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.7M | $8.3M | Bottom third Ahead of 26% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.88% | 76.38% | Context |
What it means for lending operations
Its efficiency ratio of 76.70% is above the 55.93% 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
- Union State Bank Winterset, IA · $136M
- Citizens State Bank Wyoming, IA · $138M
- Corydon State Bank Corydon, IA · $138M
- Community Bank Dunlap, IA · $138M
- Farmers Savings Bank Wever, IA · $131M
- First State Bank Stuart, IA · $130M
Questions about The State Bank of Toledo
How big is The State Bank of Toledo?
The State Bank of Toledo, established in 1927, is headquartered in Toledo, IA. It reported $135M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is The State Bank of Toledo's return on assets?
1.07% annualized in Q2 2026, against a 1.33% median for 90 IA banks with half to twice its assets, ahead of 28% of them.
What is The State Bank of Toledo's efficiency ratio?
76.70% in Q2 2026: it spent about 77 cents in noninterest expense for each dollar of revenue. The peer median is 55.93%, and lower is better.
Is The State Bank of Toledo growing its loans?
Net loans shrank 3.3% over the year to Q2 2026, while deposits grew 0.7%.
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 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.