Security State Bank of Hibbing: how it compares with its peers
Against 102 MN banks with half to twice its assets, Security State Bank of Hibbing's strongest measure in Q2 2026 is net interest margin (4.56% vs. a 4.04% peer median). Its weakest relative measure is efficiency ratio (68.19% vs. 60.84%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.07% | 1.31% | Middle third Ahead of 34% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.56% | 4.04% | Top third Ahead of 78% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.19% | 60.84% | Bottom third Ahead of 25% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.3M | $7.1M | Middle third Ahead of 35% of peers |
| Loans to deposits Net loans and leases over total deposits. | 75.20% | 78.78% | Context |
What it means for lending operations
Its efficiency ratio of 68.19% is above the 60.84% 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
- Lake Region Bank New London, MN · $153M
- State Bank of Fairmont Fairmont, MN · $154M
- Prime Security Bank Karlstad, MN · $154M
- The First State Bank of Rosemount Rosemount, MN · $146M
- Perennial Bank Darwin, MN · $158M
- First Southeast Bank Harmony, MN · $158M
Questions about Security State Bank of Hibbing
How big is Security State Bank of Hibbing?
Security State Bank of Hibbing, established in 1911, is headquartered in Hibbing, MN. It reported $152M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Security State Bank of Hibbing's return on assets?
1.07% annualized in Q2 2026, against a 1.31% median for 102 MN banks with half to twice its assets, ahead of 34% of them.
What is Security State Bank of Hibbing's efficiency ratio?
68.19% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 60.84%, and lower is better.
Is Security State Bank of Hibbing growing its loans?
Net loans grew 8.5% over the year to Q2 2026, while deposits shrank 4.3%.
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.