Farmers State Bank: how it compares with its peers
Against 104 IA banks with half to twice its assets, Farmers State Bank's strongest measure in Q2 2026 is return on assets (1.55% vs. a 1.32% peer median). Its weakest relative measure is efficiency ratio (59.25% vs. 57.34%).
| Measure | Farmers State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.55% | 1.32% | Top third Ahead of 69% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.86% | 3.61% | Middle third Ahead of 66% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 59.25% | 57.34% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.9M | $8.5M | Middle third Ahead of 60% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.41% | 77.35% | Context |
What it means for lending operations
Its efficiency ratio of 59.25% is above the 57.34% 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
- Citizens Savings Bank Spillville, IA · $151M
- Readlyn Savings Bank Readlyn, IA · $148M
- Farmers Trust & Savings Bank Earling, IA · $148M
- Exchange State Bank Ames, IA · $146M
- Audubon State Bank Audubon, IA · $155M
- Federation Bank Washington, IA · $156M
Questions about Farmers State Bank
How big is Farmers State Bank?
Farmers State Bank, established in 1895, is headquartered in Algona, IA. It reported $150M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Farmers State Bank's return on assets?
1.55% annualized in Q2 2026, against a 1.32% median for 104 IA banks with half to twice its assets, ahead of 69% of them.
What is Farmers State Bank's efficiency ratio?
59.25% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 57.34%, and lower is better.
Is Farmers State Bank growing its loans?
Net loans grew 9.1% over the year to Q2 2026, while deposits grew 11.2%.
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.