First State Bank: how it compares with its peers
Against 86 IA banks with half to twice its assets, First State Bank's strongest measure in Q2 2026 is efficiency ratio (37.56% vs. a 57.69% peer median). Its weakest relative measure is net interest margin (2.96% vs. 3.67%).
| Measure | First State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.44% | 1.30% | Middle third Ahead of 59% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.96% | 3.67% | Bottom third Ahead of 13% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 37.56% | 57.69% | Top third Ahead of 95% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.4M | $8.2M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 54.63% | 76.13% | Context |
What it means for lending operations
Its efficiency ratio of 37.56% is better than the 57.69% 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
- Cedar Valley Bank & Trust La Porte City, IA · $126M
- Pocahontas State Bank Pocahontas, IA · $123M
- Farmers and Merchants Savings Bank Iowa City, IA · $122M
- Solon State Bank Solon, IA · $122M
- First State Bank Stuart, IA · $130M
- Farmers Savings Bank Wever, IA · $131M
Questions about First State Bank
How big is First State Bank?
First State Bank, established in 1927, is headquartered in Britt, IA. It reported $126M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First State Bank's return on assets?
1.44% annualized in Q2 2026, against a 1.30% median for 86 IA banks with half to twice its assets, ahead of 59% of them.
What is First State Bank's efficiency ratio?
37.56% in Q2 2026: it spent about 38 cents in noninterest expense for each dollar of revenue. The peer median is 57.69%, and lower is better.
Is First State Bank growing its loans?
Net loans shrank 5.0% over the year to Q2 2026, while deposits shrank 2.5%.
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.