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Farmers State Bank

$1B-$10B Specialty: Commercial IA FDIC cert 12855

Designations: ✓ Community bank

Waterloo, IA

8 branches across IA

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 27 in IA.
  • Deposits -2.4% year over year ($1.3B on the books).
  • Delinquency rate 0.01%.
  • Return on assets 1.41%.
  • Efficiency ratio 51.21% vs a 59.73% peer average.
  • Loan-to-deposit ratio 102.79% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 27 in IA
View $1B-$10B leaderboard (IA) →

Farmers State Bank has 3 strengths but faces 4 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Delinquency Rate 0.85% below tier average
  • + Nonperforming Asset Ratio 0.66% below tier average
  • + Efficiency Ratio 8.52% below tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 1.2% in tier
  • - Liquidity Strain: Bottom 34.6% in tier
  • - Flatlined Growth: Bottom 39.5% in tier
  • - Net Interest Margin 0.83% below tier average
Get updates when Farmers State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Total Assets ? $1.6B
-1.6% YoY +1.2% QoQ
-$1.2B $2.8B
-0.6% YoY
$566.2M
+5.8% YoY
$6.3B
+7.7% YoY
39%
Total Loans ? $1.3B
+0.4% YoY +0.6% QoQ
-$672.9M $2.0B
-0.3% YoY
$385.0M
+5.4% YoY
$3.2B
+9.4% YoY
47%
Total Deposits ? $1.3B
-2.4% YoY -0.2% QoQ
-$1.1B $2.3B
-0.5% YoY
$472.4M
+6.3% YoY
$4.9B
+7.3% YoY
35%
Return on Assets ? 1.41%
+65.5% YoY +6.7% QoQ
+0.02% 1.39%
+17.0% YoY
1.58%
+39.1% YoY
1.30%
+12.1% YoY
64%
Net Interest Margin ? 3.04%
+38.4% YoY +3.1% QoQ
-0.83% 3.87%
+6.2% YoY
3.58%
+9.0% YoY
3.95%
+4.9% YoY
16%
Efficiency Ratio ? 51.21%
-17.5% YoY -2.3% QoQ
-8.52% 59.73%
-12.6% YoY
57.74%
-6.0% YoY
70.05%
+2.5% YoY
74%
Delinquency Rate ? 0.01%
+456.0% YoY +22.0% QoQ
-0.85% 0.87%
+11.7% YoY
0.99%
+12.8% YoY
0.98%
+16.3% YoY
Top 4.5% in tier
Loan-to-Deposit Ratio ? 102.79%
+2.8% YoY +0.8% QoQ
+17.76% 85.04%
-0.1% YoY
80.39%
+2.7% YoY
79.03%
+2.3% YoY
Bottom 9.3% in tier
Non-Interest-Bearing Deposit Share ? 15.41%
+19.5% YoY +23.5% QoQ
-5.86% 21.27%
-1.5% YoY
17.72%
+0.8% YoY
21.98%
-0.6% YoY
29%
Nonperforming Asset Ratio ? 0.01%
-10.3% YoY +21.2% QoQ
-0.66% 0.67%
+11.7% YoY
0.63%
+7.9% YoY
0.69%
+15.8% YoY
Top 4.5% in tier
Tier 1 Capital Ratio ? 13.41%
+6.2% YoY +1.1% QoQ
-1.44% 14.84%
-0.4% YoY
14.69%
+3.0% YoY
17.09%
+0.8% YoY
55%
Non-Interest Income / Assets ? 0.11%
+2.0% YoY +103.2% QoQ
-0.41% 0.53%
+2.5% YoY
0.24%
+5.5% YoY
0.66%
+5.2% YoY
Bottom 12.1% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Noninterest-Bearing 15.4%
+2.5pp YoY
+2.9pp QoQ
 -6.0pp 21.4% 17.8% 22.2% 29%
Brokered Deposits 5.4%
-5.9pp YoY
-0.2pp QoQ
 -4.0pp 9.5% 6.0% 8.5% 51%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
C&I 16.3%
+1.9pp YoY
+0.3pp QoQ
 +2.3pp 14.0% 12.8% 12.5% 71%
CRE 47.4%
-1.2pp YoY
+0.1pp QoQ
 -2.6pp 50.0% 28.3% 41.4% 43%
1-4 Family 24.4%
-1.2pp YoY
-0.3pp QoQ
 -2.1pp 26.4% 23.0% 31.3% 53%
Consumer 2.6%
+0.2pp YoY
+0.2pp QoQ
 -2.2pp 4.7% 2.9% 5.0% 70%

Capital

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
CET1 Ratio 13.4%
+0.8pp YoY
+0.2pp QoQ
 -2.2pp 15.6% 15.4% 19.7% 48%
Leverage Ratio 11.2%
+1.2pp YoY
+0.4pp QoQ
 -0.1pp 11.3% 12.4% 12.6% 64%
Total Capital Ratio 14.5%
+0.8pp YoY
+0.1pp QoQ
 -2.2pp 16.7% 16.5% 20.8% 47%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Full-Time Employees 102
+5 (+5.2%) YoY
0 QoQ
 -212 313 64 482 8%
Assets per Employee ($) $15.7M
-6.5% YoY
+1.2% QoQ
 +$5.2M $10.5M $8.9M $8.8M 91%
Branch Count 8
0 YoY
0 QoQ
 -12 20 5 18 20%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Past Due 90+ Days 0.0%
0.0pp YoY
0.0pp QoQ
 -0.1pp 0.2% 0.4% 0.4% 36%
Nonaccrual n/a n/a 0.8% 1.0% 1.0% n/a
Allowance Coverage 79.94x
-81.1% YoY
-17.0% QoQ
 +61.23x 18.71x 18.97x 20.23x 98%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
0.0pp QoQ
 -0.3pp 0.3% 0.1% 0.2% 31%

Profitability

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
ROE 13.6%
+4.0pp YoY
+0.6pp QoQ
 +1.0pp 12.6% 12.8% 11.6% 62%
Cost of Funds (YTD) 2.4%
-0.6pp YoY
0.0pp QoQ
 +0.5pp 1.9% 1.8% 1.7% 83%
Net Income ($, YTD) $11.3M
+62.6% YoY
— QoQ
 -$7.9M $19.2M $4.0M $40.4M 45%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (3)

Credit Quality Pressure

risk
#7 of 492 • Bottom 1.2% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.01%
(Tier: 0.87%, National: 0.98%)
better than tier avg
492 of 492 Mid-Market banks match · 1820 nationally
→ Stable -71 banks QoQ

Liquidity Strain

risk
#126 of 361 • Bottom 34.6% in tier

Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.

Why this signature
Loan-to-Deposit Ratio: 102.79%
(Tier: 85.04%, National: 79.03%)
worse than tier avg
361 of 361 Mid-Market banks match · 1092 nationally
→ Stable +81 banks QoQ | QoQ rank declining

Flatlined Growth

risk
#65 of 162 • Bottom 39.5% in tier

Asset growth stalled (-2% to +2% YoY) despite healthy profitability (>0.25% ROA). Suggests untapped opportunity or strategic drift worth investigating.

Why this signature
Return on Assets: 1.41%
(Tier: 1.39%, National: 1.30%)
better than tier avg
162 of 162 Mid-Market banks match · 719 nationally
→ Stable +34 banks QoQ

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (2 metrics)

41
Nonperforming Asset Ratio
credit_quality
Value: 0.01%
Peer Median: 0.67%
#41 of 885 Top 4.5% in $1B-$10B
41
Delinquency Rate
credit_quality
Value: 0.01%
Peer Median: 0.87%
#41 of 882 Top 4.5% in $1B-$10B

Top Weaknesses (3 metrics)

804
Loan-to-Deposit Ratio
liquidity
Value: 102.79%
Peer Median: 85.04%
#804 of 885 Bottom 9.3% in $1B-$10B
779
Non-Interest Income / Assets
revenue_mix
Value: 0.11%
Peer Median: 0.53%
#779 of 885 Bottom 12.1% in $1B-$10B
744
Net Interest Margin
profitability
Value: 3.04%
Peer Median: 3.87%
#744 of 885 Bottom 16.0% in $1B-$10B
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