Locus Bank, Inc.: how it compares with its peers
Against 16 VA banks with half to twice its assets, Locus Bank, Inc.'s strongest measure in Q2 2026 is assets per employee ($10.0M vs. a $6.0M peer median). Its weakest relative measure is net interest margin (3.58% vs. 4.15%).
| Measure | Locus Bank, Inc. | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.26% | 1.33% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.58% | 4.15% | Bottom third Ahead of 25% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.57% | 62.11% | Middle third Ahead of 56% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.0M | $6.0M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 113.21% | 79.46% | Context |
What it means for lending operations
Its efficiency ratio of 60.57% is better than the 62.11% 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
- New Horizon Bank, National Association Powhatan, VA · $359M
- Legacy Bank Grundy, VA · $360M
- Pioneer Bank Stanley, VA · $372M
- The Farmers Bank of Appomattox Appomattox, VA · $375M
- First Sentinel Bank Richlands, VA · $398M
- Lee Bank and Trust Company Pennington Gap, VA · $257M
Questions about Locus Bank, Inc.
How big is Locus Bank, Inc.?
Locus Bank, Inc., established in 2008, is headquartered in Richmond, VA. It reported $359M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Locus Bank, Inc.'s return on assets?
1.26% annualized in Q2 2026, against a 1.33% median for 16 VA banks with half to twice its assets, ahead of 50% of them.
What is Locus Bank, Inc.'s efficiency ratio?
60.57% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 62.11%, and lower is better.
Is Locus Bank, Inc. growing its loans?
Net loans grew 8.5% over the year to Q2 2026, while deposits grew 10.9%.
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 VA 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 Virginia bank ranked.