The First National Bank at St. James: how it compares with its peers
Against 32 MN banks with half to twice its assets, The First National Bank at St. James's strongest measure in Q2 2026 is net interest margin (5.13% vs. a 3.80% peer median). Its weakest relative measure is assets per employee ($3.4M vs. $7.0M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.79% | 1.27% | Middle third Ahead of 34% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.13% | 3.80% | Top third Ahead of 91% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 83.69% | 65.62% | Bottom third Ahead of 19% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $3.4M | $7.0M | Bottom third Ahead of 3% of peers |
| Loans to deposits Net loans and leases over total deposits. | 65.87% | 67.35% | Context |
What it means for lending operations
Its efficiency ratio of 83.69% is above the 65.62% 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
- Western National Bank Cass Lake, MN · $37M
- State Bank of Jeffers Jeffers, MN · $37M
- Farmers State Bank of Hoffman Hoffman, MN · $37M
- The First National Bank of Fairfax Fairfax, MN · $36M
- The First National Bank of Proctor Proctor, MN · $34M
Questions about The First National Bank at St. James
How big is The First National Bank at St. James?
The First National Bank at St. James, established in 1934, is headquartered in Saint James, MN. It reported $38M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The First National Bank at St. James's return on assets?
0.79% annualized in Q2 2026, against a 1.27% median for 32 MN banks with half to twice its assets, ahead of 34% of them.
What is The First National Bank at St. James's efficiency ratio?
83.69% in Q2 2026: it spent about 84 cents in noninterest expense for each dollar of revenue. The peer median is 65.62%, and lower is better.
Is The First National Bank at St. James growing its loans?
Net loans shrank 4.9% over the year to Q2 2026, while deposits shrank 0.2%.
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.