Portage Bank: how it compares with its peers
Against 1000 U.S. banks with half to twice its assets, Portage Bank's strongest measure in Q2 2026 is net interest margin (4.67% vs. a 3.95% peer median). Its weakest relative measure is assets per employee ($2.8M vs. $6.5M).
| Measure | Portage Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.69% | 1.19% | Bottom third Ahead of 22% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.67% | 3.95% | Top third Ahead of 82% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 88.36% | 64.80% | Bottom third Ahead of 9% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $2.8M | $6.5M | Bottom third Ahead of 3% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.81% | 74.79% | Context |
What it means for lending operations
Its efficiency ratio of 88.36% is above the 64.80% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Wahoo State Bank Wahoo, NE · $117M
- The Farmers State Bank of Brush Brush, CO · $117M
- Peoples Bank of Graceville Graceville, FL · $116M
- Bank of New Madrid New Madrid, MO · $117M
- First Community Bank Newell, IA · $116M
- Neighbors Bank Clarence, MO · $116M
Questions about Portage Bank
How big is Portage Bank?
Portage Bank, established in 1901, is headquartered in Bellevue, WA. It reported $116M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Portage Bank's return on assets?
0.69% annualized in Q2 2026, against a 1.19% median for 1000 U.S. banks with half to twice its assets, ahead of 22% of them.
What is Portage Bank's efficiency ratio?
88.36% in Q2 2026: it spent about 88 cents in noninterest expense for each dollar of revenue. The peer median is 64.80%, and lower is better.
Is Portage Bank growing its loans?
Net loans grew 31.0% over the year to Q2 2026, while deposits grew 43.6%.
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 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 Washington bank ranked.