The Miners State Bank: how it compares with its peers
Against 20 MI banks with half to twice its assets, The Miners State Bank's strongest measure in Q2 2026 is return on assets (1.05% vs. a 0.94% peer median). Its weakest relative measure is assets per employee ($4.2M vs. $5.4M).
| Measure | The Miners State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.05% | 0.94% | Middle third Ahead of 60% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.25% | 4.05% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.92% | 68.52% | Middle third Ahead of 45% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.2M | $5.4M | Bottom third Ahead of 26% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.71% | 75.60% | Context |
What it means for lending operations
Its efficiency ratio of 70.92% is above the 68.52% 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
- Sidney State Bank Sidney, MI · $139M
- G. W. Jones Exchange Bank Marcellus, MI · $123M
- Kalamazoo County State Bank Schoolcraft, MI · $118M
- Bay Port State Bank Bay Port, MI · $153M
- Blissfield State Bank Blissfield, MI · $115M
- Community Unity Bank Birmingham, MI · $107M
Questions about The Miners State Bank
How big is The Miners State Bank?
The Miners State Bank, established in 1932, is headquartered in Iron River, MI. It reported $135M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Miners State Bank's return on assets?
1.05% annualized in Q2 2026, against a 0.94% median for 20 MI banks with half to twice its assets, ahead of 60% of them.
What is The Miners State Bank's efficiency ratio?
70.92% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 68.52%, and lower is better.
Is The Miners State Bank growing its loans?
Net loans shrank 5.4% over the year to Q2 2026, while deposits shrank 6.0%.
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.