State Bank of Jeffers: how it compares with its peers
Against 31 MN banks with half to twice its assets, State Bank of Jeffers's strongest measure in Q2 2026 is efficiency ratio (38.71% vs. a 66.20% peer median). Its weakest relative measure is net interest margin (4.52% vs. 3.84%).
| Measure | State Bank of Jeffers | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.24% | 1.26% | Top third Ahead of 87% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.52% | 3.84% | Top third Ahead of 71% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 38.71% | 66.20% | Top third Ahead of 97% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $6.6M | Top third Ahead of 81% of peers |
| Loans to deposits Net loans and leases over total deposits. | 60.35% | 66.61% | Context |
What it means for lending operations
Its efficiency ratio of 38.71% is better than the 66.20% 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
- Western National Bank Cass Lake, MN · $37M
- Farmers State Bank of Hoffman Hoffman, MN · $37M
- The First National Bank at St. James Saint James, MN · $38M
- The First National Bank of Fairfax Fairfax, MN · $36M
- The First National Bank of Proctor Proctor, MN · $34M
Questions about State Bank of Jeffers
How big is State Bank of Jeffers?
State Bank of Jeffers, established in 1900, is headquartered in Jeffers, MN. It reported $37M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is State Bank of Jeffers's return on assets?
2.24% annualized in Q2 2026, against a 1.26% median for 31 MN banks with half to twice its assets, ahead of 87% of them.
What is State Bank of Jeffers's efficiency ratio?
38.71% in Q2 2026: it spent about 39 cents in noninterest expense for each dollar of revenue. The peer median is 66.20%, and lower is better.
Is State Bank of Jeffers growing its loans?
Net loans shrank 4.0% over the year to Q2 2026, while deposits shrank 2.3%.
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.