First State Bank Minnesota: how it compares with its peers
Against 90 MN banks with half to twice its assets, First State Bank Minnesota's strongest measure in Q2 2026 is return on assets (1.94% vs. a 1.21% peer median). Its weakest relative measure is assets per employee ($8.1M vs. $7.0M).
| Measure | First State Bank Minnesota | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.94% | 1.21% | Top third Ahead of 91% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.63% | 4.12% | Top third Ahead of 79% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 51.52% | 61.66% | Top third Ahead of 90% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.1M | $7.0M | Top third Ahead of 69% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.72% | 79.48% | Context |
What it means for lending operations
Its efficiency ratio of 51.52% is better than the 61.66% 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
- Hometown Community Bank Cyrus, MN · $106M
- Prairie Sun Bank Milan, MN · $107M
- Produce State Bank Hollandale, MN · $107M
- Community Bank Owatonna Owatonna, MN · $103M
- Northern State Bank of Virginia Virginia, MN · $102M
- Red River State Bank Halstad, MN · $110M
Questions about First State Bank Minnesota
How big is First State Bank Minnesota?
First State Bank Minnesota, established in 1893, is headquartered in Le Roy, MN. It reported $106M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First State Bank Minnesota's return on assets?
1.94% annualized in Q2 2026, against a 1.21% median for 90 MN banks with half to twice its assets, ahead of 91% of them.
What is First State Bank Minnesota's efficiency ratio?
51.52% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 61.66%, and lower is better.
Is First State Bank Minnesota growing its loans?
Net loans grew 9.5% over the year to Q2 2026, while deposits grew 8.2%.
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 MN 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 Minnesota bank ranked.