Lake Region Bank: how it compares with its peers
Against 100 MN banks with half to twice its assets, Lake Region Bank's strongest measure in Q2 2026 is net interest margin (4.67% vs. a 4.02% peer median). Its weakest relative measure is assets per employee ($4.9M vs. $7.1M).
| Measure | Lake Region Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.85% | 1.29% | Top third Ahead of 82% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.67% | 4.02% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.23% | 60.84% | Middle third Ahead of 36% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.9M | $7.1M | Bottom third Ahead of 9% of peers |
| Loans to deposits Net loans and leases over total deposits. | 53.77% | 78.35% | Context |
What it means for lending operations
Its efficiency ratio of 65.23% is above the 60.84% 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
- Security State Bank of Hibbing Hibbing, MN · $152M
- State Bank of Fairmont Fairmont, MN · $154M
- Prime Security Bank Karlstad, MN · $154M
- Perennial Bank Darwin, MN · $158M
- First Southeast Bank Harmony, MN · $158M
- The First State Bank of Rosemount Rosemount, MN · $146M
Questions about Lake Region Bank
How big is Lake Region Bank?
Lake Region Bank, established in 1915, is headquartered in New London, MN. It reported $153M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Lake Region Bank's return on assets?
1.85% annualized in Q2 2026, against a 1.29% median for 100 MN banks with half to twice its assets, ahead of 82% of them.
What is Lake Region Bank's efficiency ratio?
65.23% in Q2 2026: it spent about 65 cents in noninterest expense for each dollar of revenue. The peer median is 60.84%, and lower is better.
Is Lake Region Bank growing its loans?
Net loans grew 10.1% over the year to Q2 2026, while deposits grew 8.1%.
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.