First Security Bank - West: how it compares with its peers
Against 21 ND banks with half to twice its assets, First Security Bank - West's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $7.3M peer median). Its weakest relative measure is return on assets (0.78% vs. 1.21%).
| Measure | First Security Bank - West | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.78% | 1.21% | Bottom third Ahead of 5% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.40% | 3.77% | Bottom third Ahead of 24% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 72.54% | 64.79% | Bottom third Ahead of 5% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $7.3M | Middle third Ahead of 62% of peers |
| Loans to deposits Net loans and leases over total deposits. | 31.97% | 64.03% | Context |
What it means for lending operations
Its efficiency ratio of 72.54% is above the 64.79% 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
- Heartland State Bank Edgeley, ND · $76M
- Bank of Hazelton Hazelton, ND · $76M
- Citizens State Bank of Lankin Lankin, ND · $72M
- The Citizens State Bank at Mohall Mohall, ND · $80M
- Peoples State Bank Westhope, ND · $70M
- State Bank of Lakota Lakota, ND · $64M
Questions about First Security Bank - West
How big is First Security Bank - West?
First Security Bank - West, established in 1915, is headquartered in Beulah, ND. It reported $75M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First Security Bank - West's return on assets?
0.78% annualized in Q2 2026, against a 1.21% median for 21 ND banks with half to twice its assets, ahead of 5% of them.
What is First Security Bank - West's efficiency ratio?
72.54% in Q2 2026: it spent about 73 cents in noninterest expense for each dollar of revenue. The peer median is 64.79%, and lower is better.
Is First Security Bank - West growing its loans?
Net loans shrank 29.0% over the year to Q2 2026, while deposits grew 6.5%.
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 ND 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 North Dakota bank ranked.