Farmers State Bank: how it compares with its peers
Against 18 IA banks with half to twice its assets, Farmers State Bank's strongest measure in Q2 2026 is efficiency ratio (59.77% vs. a 66.15% peer median). Its weakest relative measure is assets per employee ($5.2M vs. $7.2M).
| Measure | Farmers State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.13% | 1.08% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.80% | 3.85% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 59.77% | 66.15% | Top third Ahead of 67% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.2M | $7.2M | Bottom third Ahead of 18% of peers |
| Loans to deposits Net loans and leases over total deposits. | 39.12% | 61.77% | Context |
What it means for lending operations
Its efficiency ratio of 59.77% is better than the 66.15% 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 First National Bank of Primghar Primghar, IA · $36M
- State Bank of Schaller Schaller, IA · $41M
- Community State Bank Paton, IA · $41M
- Maxwell State Bank Maxwell, IA · $32M
- Cornerstone Bank Clarinda, IA · $42M
- Defiance State Bank Defiance, IA · $43M
Questions about Farmers State Bank
How big is Farmers State Bank?
Farmers State Bank, established in 1914, is headquartered in Lake View, IA. It reported $37M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers State Bank's return on assets?
1.13% annualized in Q2 2026, against a 1.08% median for 18 IA banks with half to twice its assets, ahead of 50% of them.
What is Farmers State Bank's efficiency ratio?
59.77% in Q2 2026: it spent about 60 cents in noninterest expense for each dollar of revenue. The peer median is 66.15%, and lower is better.
Is Farmers State Bank growing its loans?
Net loans grew 1.3% over the year to Q2 2026, while deposits grew 3.0%.
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 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.