The North Salem State Bank: how it compares with its peers
Against 36 IN banks with half to twice its assets, The North Salem State Bank's strongest measure in Q2 2026 is net interest margin (4.29% vs. a 3.74% peer median). Its weakest relative measure is assets per employee ($6.9M vs. $6.3M).
| Measure | The North Salem State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.65% | 1.11% | Top third Ahead of 75% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.29% | 3.74% | Top third Ahead of 86% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 53.36% | 63.29% | Top third Ahead of 75% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $6.3M | Middle third Ahead of 64% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.73% | 81.23% | Context |
What it means for lending operations
Its efficiency ratio of 53.36% is better than the 63.29% 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 New Washington State Bank New Washington, IN · $798M
- FCN Bank, National Association Brookville, IN · $812M
- First State Bank of Middlebury Middlebury, IN · $836M
- The Fountain Trust Company Covington, IN · $845M
- Citizens Bank Mooresville, IN · $691M
- First Federal Savings Bank Rochester, IN · $687M
Questions about The North Salem State Bank
How big is The North Salem State Bank?
The North Salem State Bank, established in 1923, is headquartered in North Salem, IN. It reported $770M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is The North Salem State Bank's return on assets?
1.65% annualized in Q2 2026, against a 1.11% median for 36 IN banks with half to twice its assets, ahead of 75% of them.
What is The North Salem State Bank's efficiency ratio?
53.36% in Q2 2026: it spent about 53 cents in noninterest expense for each dollar of revenue. The peer median is 63.29%, and lower is better.
Is The North Salem State Bank growing its loans?
Net loans grew 6.8% over the year to Q2 2026, while deposits grew 10.4%.
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 IN 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 Indiana bank ranked.