The First National Bank of Wakefield: how it compares with its peers
Against 544 U.S. banks with half to twice its assets, The First National Bank of Wakefield's strongest measure in Q2 2026 is net interest margin (4.28% vs. a 3.86% peer median). Its weakest relative measure is assets per employee ($3.8M vs. $6.1M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.65% | 1.04% | Bottom third Ahead of 31% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.28% | 3.86% | Middle third Ahead of 66% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.65% | 69.38% | Bottom third Ahead of 23% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $3.8M | $6.1M | Bottom third Ahead of 14% of peers |
| Loans to deposits Net loans and leases over total deposits. | 45.03% | 67.33% | Context |
What it means for lending operations
Its efficiency ratio of 82.65% is above the 69.38% 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
- Citizens Bank of Morgantown, Inc. Morgantown, WV · $53M
- The Exchange State Bank Springville, IA · $53M
- Lovelady State Bank Lovelady, TX · $53M
- Bryant State Bank Bryant, SD · $53M
- Tecumseh Federal Bank Tecumseh, NE · $53M
- Camp Grove State Bank Camp Grove, IL · $53M
Questions about The First National Bank of Wakefield
How big is The First National Bank of Wakefield?
The First National Bank of Wakefield, established in 1910, is headquartered in Wakefield, MI. It reported $53M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is The First National Bank of Wakefield's return on assets?
0.65% annualized in Q2 2026, against a 1.04% median for 544 U.S. banks with half to twice its assets, ahead of 31% of them.
What is The First National Bank of Wakefield's efficiency ratio?
82.65% in Q2 2026: it spent about 83 cents in noninterest expense for each dollar of revenue. The peer median is 69.38%, and lower is better.
Is The First National Bank of Wakefield growing its loans?
Net loans grew 2.4% over the year to Q2 2026, while deposits shrank 2.9%.
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 Michigan bank ranked.