Security First Bank of North Dakota: how it compares with its peers
Against 18 ND banks with half to twice its assets, Security First Bank of North Dakota's strongest measure in Q2 2026 is net interest margin (4.72% vs. a 3.83% peer median). Its weakest relative measure is efficiency ratio (61.48% vs. 53.49%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.86% | 1.54% | Top third Ahead of 78% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.72% | 3.83% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.48% | 53.49% | Bottom third Ahead of 22% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $8.1M | Bottom third Ahead of 33% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.64% | 75.01% | Context |
What it means for lending operations
Its efficiency ratio of 61.48% is above the 53.49% 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
- The Union Bank Beulah, ND · $312M
- Union State Bank of Hazen Hazen, ND · $257M
- Merchants Bank Rugby, ND · $254M
- Stock Growers Bank Forman, ND · $333M
- TruCommunity Bank Garrison, ND · $338M
- Kirkwood Bank & Trust Co. Bismarck, ND · $351M
Questions about Security First Bank of North Dakota
How big is Security First Bank of North Dakota?
Security First Bank of North Dakota, established in 1925, is headquartered in New Salem, ND. It reported $293M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Security First Bank of North Dakota's return on assets?
1.86% annualized in Q2 2026, against a 1.54% median for 18 ND banks with half to twice its assets, ahead of 78% of them.
What is Security First Bank of North Dakota's efficiency ratio?
61.48% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 53.49%, and lower is better.
Is Security First Bank of North Dakota growing its loans?
Net loans grew 0.6% over the year to Q2 2026, while deposits grew 4.9%.
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 ND 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 North Dakota bank ranked.