Janesville State Bank: how it compares with its peers
Against 84 MN banks with half to twice its assets, Janesville State Bank's strongest measure in Q2 2026 is assets per employee ($9.0M vs. a $7.0M peer median). Its weakest relative measure is net interest margin (3.58% vs. 4.12%).
| Measure | Janesville State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.54% | 1.21% | Top third Ahead of 69% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.58% | 4.12% | Bottom third Ahead of 18% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 53.76% | 61.82% | Top third Ahead of 81% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.0M | $7.0M | Top third Ahead of 85% of peers |
| Loans to deposits Net loans and leases over total deposits. | 82.72% | 79.00% | Context |
What it means for lending operations
Its efficiency ratio of 53.76% is better than the 61.82% 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
- Currie State Bank Currie, MN · $100M
- The First National Bank of Osakis Osakis, MN · $98M
- The Miners National Bank of Eveleth Eveleth, MN · $97M
- First Farmers & Merchants State Bank Brownsdale, MN · $96M
- Northern State Bank of Virginia Virginia, MN · $102M
- Community Bank Owatonna Owatonna, MN · $103M
Questions about Janesville State Bank
How big is Janesville State Bank?
Janesville State Bank, established in 1898, is headquartered in Janesville, MN. It reported $99M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Janesville State Bank's return on assets?
1.54% annualized in Q2 2026, against a 1.21% median for 84 MN banks with half to twice its assets, ahead of 69% of them.
What is Janesville State Bank's efficiency ratio?
53.76% in Q2 2026: it spent about 54 cents in noninterest expense for each dollar of revenue. The peer median is 61.82%, and lower is better.
Is Janesville State Bank growing its loans?
Net loans grew 0.7% over the year to Q2 2026, while deposits grew 14.2%.
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.