First State Bank: how it compares with its peers
Against 100 IA banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is assets per employee ($12.9M vs. a $8.4M peer median). Its weakest relative measure is net interest margin (2.23% vs. 3.70%).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.71% | 1.33% | Bottom third Ahead of 10% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.23% | 3.70% | Bottom third Ahead of 1% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.45% | 57.24% | Middle third Ahead of 48% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.9M | $8.4M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 52.58% | 78.03% | Context |
What it means for lending operations
Its efficiency ratio of 57.45% is above the 57.24% 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
- Bridge Community Bank Mount Vernon, IA · $141M
- Farmers Savings Bank Marshalltown, IA · $140M
- Bank Plus Estherville, IA · $145M
- Community Bank Dunlap, IA · $138M
- Corydon State Bank Corydon, IA · $138M
- Citizens State Bank Wyoming, IA · $138M
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1933, is headquartered in Belmond, IA. It reported $142M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is First State Bank's return on assets?
0.71% annualized in Q2 2026, against a 1.33% median for 100 IA banks with half to twice its assets, ahead of 10% of them.
What is First State Bank's efficiency ratio?
57.45% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 57.24%, and lower is better.
Is First State Bank growing its loans?
Net loans grew 3.2% over the year to Q2 2026, while deposits grew 15.8%.
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.