FM Bank: how it compares with its peers
Against 58 MN banks with half to twice its assets, FM Bank's strongest measure in Q2 2026 is assets per employee ($10.9M vs. a $7.9M peer median). Its weakest relative measure is net interest margin (3.39% vs. 3.93%).
| Measure | FM Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.42% | 1.35% | Middle third Ahead of 62% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.39% | 3.93% | Bottom third Ahead of 17% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.39% | 58.35% | Top third Ahead of 72% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.9M | $7.9M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 77.29% | 86.04% | Context |
What it means for lending operations
Its efficiency ratio of 52.39% is better than the 58.35% 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
- Platinum Bank Oakdale, MN · $739M
- Alliance Bank Lake City, MN · $756M
- The Bank of Elk River Elk River, MN · $719M
- Highland Bank Saint Paul, MN · $776M
- HomeTown Bank Carver, MN · $692M
- Premier Bank Minnesota Hastings, MN · $691M
Questions about FM Bank
How big is FM Bank?
FM Bank, established in 1878, is headquartered in Waseca, MN. It reported $738M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is FM Bank's return on assets?
1.42% annualized in Q2 2026, against a 1.35% median for 58 MN banks with half to twice its assets, ahead of 62% of them.
What is FM Bank's efficiency ratio?
52.39% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 58.35%, and lower is better.
Is FM Bank growing its loans?
Net loans grew 16.2% over the year to Q2 2026, while deposits grew 5.6%.
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 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.