First State Bank: how it compares with its peers
Against 112 IA banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is return on assets (2.11% vs. a 1.39% peer median). Its weakest relative measure is assets per employee ($8.5M vs. $8.5M).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.11% | 1.39% | Top third Ahead of 92% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.22% | 3.58% | Top third Ahead of 90% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.24% | 54.81% | Top third Ahead of 91% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.5M | $8.5M | Middle third Ahead of 51% of peers |
| Loans to deposits Net loans and leases over total deposits. | 95.60% | 82.64% | Context |
What it means for lending operations
Its efficiency ratio of 45.24% is better than the 54.81% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- The Libertyville Savings Bank Fairfield, IA · $384M
- Earlham Savings Bank West Des Moines, IA · $383M
- Iowa State Bank Clarksville, IA · $393M
- First Iowa State Bank Albia, IA · $396M
- The Clinton National Bank Clinton, IA · $396M
- Hardin County Savings Bank Eldora, IA · $402M
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1912, is headquartered in Lynnville, IA. It reported $384M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is First State Bank's return on assets?
2.11% annualized in Q2 2026, against a 1.39% median for 112 IA banks with half to twice its assets, ahead of 92% of them.
What is First State Bank's efficiency ratio?
45.24% in Q2 2026: it spent about 45 cents in noninterest expense for each dollar of revenue. The peer median is 54.81%, and lower is better.
Is First State Bank growing its loans?
Net loans grew 15.6% over the year to Q2 2026, while deposits grew 5.6%.
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.