Upper Peninsula State Bank: how it compares with its peers
Against 32 MI banks with half to twice its assets, Upper Peninsula State Bank's strongest measure in Q2 2026 is net interest margin (4.48% vs. a 4.18% peer median). Its weakest relative measure is assets per employee ($6.2M vs. $6.3M).
| Measure | Upper Peninsula State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.41% | 1.31% | Middle third Ahead of 56% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.48% | 4.18% | Top third Ahead of 72% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.66% | 63.32% | Middle third Ahead of 63% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.2M | $6.3M | Middle third Ahead of 47% of peers |
| Loans to deposits Net loans and leases over total deposits. | 100.46% | 73.94% | Context |
What it means for lending operations
Its efficiency ratio of 60.66% is better than the 63.32% 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
- First National Bank & Trust Co. Iron Mountain, MI · $386M
- Union Bank Grand Rapids, MI · $397M
- The Shelby State Bank Shelby, MI · $397M
- The First National Bank of St. Ignace St. Ignace, MI · $336M
- First Community Bank Harbor Springs, MI · $414M
- Chelsea State Bank Chelsea, MI · $417M
Questions about Upper Peninsula State Bank
How big is Upper Peninsula State Bank?
Upper Peninsula State Bank, established in 1902, is headquartered in Escanaba, MI. It reported $372M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Upper Peninsula State Bank's return on assets?
1.41% annualized in Q2 2026, against a 1.31% median for 32 MI banks with half to twice its assets, ahead of 56% of them.
What is Upper Peninsula State Bank's efficiency ratio?
60.66% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 63.32%, and lower is better.
Is Upper Peninsula State Bank growing its loans?
Net loans grew 11.7% over the year to Q2 2026, while deposits grew 4.6%.
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 MI 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 Michigan bank ranked.