Primebank: how it compares with its peers
Against 61 IA banks with half to twice its assets, Primebank's strongest measure in Q2 2026 is efficiency ratio (43.46% vs. a 55.02% peer median). Its weakest relative measure is net interest margin (3.71% vs. 3.63%).
| Measure | Primebank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.15% | 1.43% | Top third Ahead of 92% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.71% | 3.63% | Middle third Ahead of 59% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 43.46% | 55.02% | Top third Ahead of 95% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $8.1M | Middle third Ahead of 64% of peers |
| Loans to deposits Net loans and leases over total deposits. | 104.40% | 87.55% | Context |
What it means for lending operations
Its efficiency ratio of 43.46% is better than the 55.02% 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
- Decorah Bank & Trust Company Decorah, IA · $794M
- CUSB Bank Cresco, IA · $812M
- City State Bank Norwalk, IA · $788M
- Premier Bank Rock Valley, IA · $826M
- First Central State Bank Dewitt, IA · $772M
- Midwest Heritage Bank, FSB West Des Moines, IA · $768M
Questions about Primebank
How big is Primebank?
Primebank, established in 1901, is headquartered in Le Mars, IA. It reported $801M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Primebank's return on assets?
2.15% annualized in Q2 2026, against a 1.43% median for 61 IA banks with half to twice its assets, ahead of 92% of them.
What is Primebank's efficiency ratio?
43.46% in Q2 2026: it spent about 43 cents in noninterest expense for each dollar of revenue. The peer median is 55.02%, and lower is better.
Is Primebank growing its loans?
Net loans grew 10.2% over the year to Q2 2026, while deposits grew 4.6%.
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.