Farmers State Bank: how it compares with its peers
Against 54 IA banks with half to twice its assets, Farmers State Bank's strongest measure in Q2 2026 is assets per employee ($18.2M vs. a $7.5M peer median). Its weakest relative measure is net interest margin (3.91% vs. 3.79%).
| Measure | Farmers State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.09% | 1.17% | Top third Ahead of 94% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.91% | 3.79% | Middle third Ahead of 57% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 41.92% | 61.77% | Top third Ahead of 89% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $18.2M | $7.5M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 62.64% | 71.90% | Context |
What it means for lending operations
Its efficiency ratio of 41.92% is better than the 61.77% 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
- First State Bank Nashua, IA · $72M
- First Heritage Bank Shenandoah, IA · $72M
- State Bank Spencer, IA · $75M
- The Farmers State Bank Marcus, IA · $77M
- Citizens Savings Bank Marshalltown, IA · $78M
- Sloan State Bank Sloan, IA · $79M
Questions about Farmers State Bank
How big is Farmers State Bank?
Farmers State Bank, established in 1921, is headquartered in Yale, IA. It reported $73M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers State Bank's return on assets?
2.09% annualized in Q2 2026, against a 1.17% median for 54 IA banks with half to twice its assets, ahead of 94% of them.
What is Farmers State Bank's efficiency ratio?
41.92% in Q2 2026: it spent about 42 cents in noninterest expense for each dollar of revenue. The peer median is 61.77%, and lower is better.
Is Farmers State Bank growing its loans?
Net loans grew 16.1% over the year to Q2 2026, while deposits grew 2.6%.
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 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.