Waldo State Bank: how it compares with its peers
Against 52 WI banks with half to twice its assets, Waldo State Bank's strongest measure in Q2 2026 is assets per employee ($6.7M vs. a $6.6M peer median). Its weakest relative measure is return on assets (0.68% vs. 1.20%).
| Measure | Waldo State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.68% | 1.20% | Bottom third Ahead of 13% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.54% | 3.98% | Bottom third Ahead of 23% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.93% | 64.66% | Bottom third Ahead of 17% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.7M | $6.6M | Middle third Ahead of 54% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.07% | 85.43% | Context |
What it means for lending operations
Its efficiency ratio of 74.93% is above the 64.66% 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
- Bluff View Bank Galesville, WI · $153M
- Oakwood Bank Pigeon Falls, WI · $156M
- GreenLeaf Bank Greenleaf, WI · $159M
- First Community Bank Milton, WI · $159M
- The Pineries Bank Stevens Point, WI · $149M
- Bank of Cashton Cashton, WI · $146M
Questions about Waldo State Bank
How big is Waldo State Bank?
Waldo State Bank, established in 1913, is headquartered in Waldo, WI. It reported $154M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Waldo State Bank's return on assets?
0.68% annualized in Q2 2026, against a 1.20% median for 52 WI banks with half to twice its assets, ahead of 13% of them.
What is Waldo State Bank's efficiency ratio?
74.93% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 64.66%, and lower is better.
Is Waldo State Bank growing its loans?
Net loans shrank 2.2% over the year to Q2 2026, while deposits grew 1.0%.
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 WI 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 Wisconsin bank ranked.