State Central Bank: how it compares with its peers
Against 44 IA banks with half to twice its assets, State Central Bank's strongest measure in Q2 2026 is net interest margin (5.02% vs. a 3.73% peer median). Its weakest relative measure is assets per employee ($2.4M vs. $7.9M).
| Measure | State Central Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.57% | 1.15% | Top third Ahead of 80% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.02% | 3.73% | Top third Ahead of 98% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 71.84% | 62.01% | Bottom third Ahead of 18% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $2.4M | $7.9M | Bottom third Ahead of 0% of peers |
| Loans to deposits Net loans and leases over total deposits. | 71.72% | 64.76% | Context |
What it means for lending operations
Its efficiency ratio of 71.84% is above the 62.01% 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 Security Bank Mapleton, IA · $65M
- Montezuma State Bank Montezuma, IA · $55M
- Ashton State Bank Ashton, IA · $55M
- First Heritage Bank Shenandoah, IA · $72M
- First State Bank Nashua, IA · $72M
- Farmers State Bank Yale, IA · $73M
Questions about State Central Bank
How big is State Central Bank?
State Central Bank, established in 1858, is headquartered in Bonaparte, IA. It reported $63M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is State Central Bank's return on assets?
1.57% annualized in Q2 2026, against a 1.15% median for 44 IA banks with half to twice its assets, ahead of 80% of them.
What is State Central Bank's efficiency ratio?
71.84% in Q2 2026: it spent about 72 cents in noninterest expense for each dollar of revenue. The peer median is 62.01%, and lower is better.
Is State Central Bank growing its loans?
Net loans grew 42.0% over the year to Q2 2026, while deposits grew 6.3%.
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.