First State Bank of Middlebury: how it compares with its peers
Against 34 IN banks with half to twice its assets, First State Bank of Middlebury's strongest measure in Q2 2026 is net interest margin (4.25% vs. a 3.74% peer median). Its weakest relative measure is efficiency ratio (57.32% vs. 63.98%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.59% | 1.08% | Top third Ahead of 76% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.25% | 3.74% | Top third Ahead of 82% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.32% | 63.98% | Top third Ahead of 68% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.6M | $6.3M | Top third Ahead of 82% of peers |
| Loans to deposits Net loans and leases over total deposits. | 99.49% | 80.57% | Context |
What it means for lending operations
Its efficiency ratio of 57.32% is better than the 63.98% 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 Fountain Trust Company Covington, IN · $845M
- FCN Bank, National Association Brookville, IN · $812M
- The New Washington State Bank New Washington, IN · $798M
- The North Salem State Bank North Salem, IN · $770M
- Citizens State Bank of New Castle, Indiana New Castle, IN · $909M
- State Bank Brownsburg, IN · $916M
Questions about First State Bank of Middlebury
How big is First State Bank of Middlebury?
First State Bank of Middlebury, established in 1910, is headquartered in Middlebury, IN. It reported $836M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is First State Bank of Middlebury's return on assets?
1.59% annualized in Q2 2026, against a 1.08% median for 34 IN banks with half to twice its assets, ahead of 76% of them.
What is First State Bank of Middlebury's efficiency ratio?
57.32% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 63.98%, and lower is better.
Is First State Bank of Middlebury growing its loans?
Net loans grew 3.2% over the year to Q2 2026, while deposits shrank 3.1%.
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.