Providence Bank: how it compares with its peers
Against 900 U.S. banks with half to twice its assets, Providence Bank's strongest measure in Q2 2026 is efficiency ratio (39.90% vs. a 60.56% peer median). Its weakest relative measure is net interest margin (4.07% vs. 3.79%).
| Measure | Providence Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.80% | 1.23% | Top third Ahead of 81% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.07% | 3.79% | Top third Ahead of 68% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 39.90% | 60.56% | Top third Ahead of 94% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $15.8M | $8.1M | Top third Ahead of 94% of peers |
| Loans to deposits Net loans and leases over total deposits. | 96.62% | 85.53% | Context |
What it means for lending operations
Its efficiency ratio of 39.90% is better than the 60.56% 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
- Deerwood Bank Waite Park, MN · $1.52B
- Bank of Utica Utica, NY · $1.51B
- 1st Summit Bank Johnstown, PA · $1.52B
- Greenfield Savings Bank Greenfield, MA · $1.52B
- Bath Savings Institution Bath, ME · $1.50B
- Peoples State Bank Wausau, WI · $1.50B
Questions about Providence Bank
How big is Providence Bank?
Providence Bank, established in 2006, is headquartered in Rocky Mount, NC. It reported $1.51B in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is Providence Bank's return on assets?
1.80% annualized in Q2 2026, against a 1.23% median for 900 U.S. banks with half to twice its assets, ahead of 81% of them.
What is Providence Bank's efficiency ratio?
39.90% in Q2 2026: it spent about 40 cents in noninterest expense for each dollar of revenue. The peer median is 60.56%, and lower is better.
Is Providence Bank growing its loans?
Net loans grew 7.2% over the year to Q2 2026, while deposits grew 8.7%.
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 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 North Carolina bank ranked.