Iowa State Bank: how it compares with its peers
Against 98 IA banks with half to twice its assets, Iowa State Bank's strongest measure in Q2 2026 is assets per employee ($9.6M vs. a $8.4M peer median). Its weakest relative measure is return on assets (1.11% vs. 1.44%).
| Measure | Iowa State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.11% | 1.44% | Bottom third Ahead of 22% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.31% | 3.67% | Bottom third Ahead of 29% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 59.05% | 55.26% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.6M | $8.4M | Top third Ahead of 72% of peers |
| Loans to deposits Net loans and leases over total deposits. | 79.17% | 85.90% | Context |
What it means for lending operations
Its efficiency ratio of 59.05% is above the 55.26% 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
- Northeast Security Bank Sumner, IA · $462M
- Iowa State Bank Des Moines, IA · $481M
- NSB Bank Mason City, IA · $461M
- Home State Bank Jefferson, IA · $481M
- American Bank and Trust Company, National Association Davenport, IA · $481M
- Rolling Hills Bank & Trust Atlantic, IA · $484M
Questions about Iowa State Bank
How big is Iowa State Bank?
Iowa State Bank, established in 1928, is headquartered in Algona, IA. It reported $471M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Iowa State Bank's return on assets?
1.11% annualized in Q2 2026, against a 1.44% median for 98 IA banks with half to twice its assets, ahead of 22% of them.
What is Iowa State Bank's efficiency ratio?
59.05% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 55.26%, and lower is better.
Is Iowa State Bank growing its loans?
Net loans grew 1.2% over the year to Q2 2026, while deposits grew 11.6%.
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.