First Bank: how it compares with its peers
Against 26 FL banks with half to twice its assets, First Bank's strongest measure in Q2 2026 is net interest margin (4.33% vs. a 3.53% peer median). Its weakest relative measure is assets per employee ($7.1M vs. $8.5M).
| Measure | First Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.48% | 1.18% | Top third Ahead of 77% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.33% | 3.53% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 55.97% | 61.02% | Top third Ahead of 69% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.1M | $8.5M | Bottom third Ahead of 19% of peers |
| Loans to deposits Net loans and leases over total deposits. | 67.83% | 74.96% | Context |
What it means for lending operations
Its efficiency ratio of 55.97% is better than the 61.02% 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
- Anchor Bank Palm Beach Gardens, FL · $806M
- Flagship Bank Clearwater, FL · $803M
- United Southern Bank Umatilla, FL · $843M
- Axiom Bank, National Association Maitland, FL · $732M
- Terrabank, National Association Coral Gables, FL · $898M
- Florida Capital Bank, National Association Jacksonville, FL · $713M
Questions about First Bank
How big is First Bank?
First Bank, established in 1922, is headquartered in Clewiston, FL. It reported $811M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is First Bank's return on assets?
1.48% annualized in Q2 2026, against a 1.18% median for 26 FL banks with half to twice its assets, ahead of 77% of them.
What is First Bank's efficiency ratio?
55.97% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 61.02%, and lower is better.
Is First Bank growing its loans?
Net loans grew 5.5% over the year to Q2 2026, while deposits grew 0.4%.
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 FL 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 Florida bank ranked.