Northern State Bank of Thief River Falls: how it compares with its peers
Against 79 MN banks with half to twice its assets, Northern State Bank of Thief River Falls's strongest measure in Q2 2026 is assets per employee ($11.5M vs. a $7.7M peer median). Its weakest relative measure is net interest margin (2.57% vs. 3.94%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.10% | 1.35% | Bottom third Ahead of 32% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.57% | 3.94% | Bottom third Ahead of 3% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 53.73% | 61.72% | Top third Ahead of 75% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.5M | $7.7M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 38.70% | 84.81% | Context |
What it means for lending operations
Its efficiency ratio of 53.73% is better than the 61.72% 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
- Luminate Bank Minneapolis, MN · $555M
- Glenwood State Bank (Incorporated) Glenwood, MN · $545M
- Community Resource Bank Northfield, MN · $556M
- Community Bank Mankato Vernon Center, MN · $538M
- Profinium, Inc. Truman, MN · $533M
- Lake Elmo Bank Lake Elmo, MN · $530M
Questions about Northern State Bank of Thief River Falls
How big is Northern State Bank of Thief River Falls?
Northern State Bank of Thief River Falls, established in 1935, is headquartered in Thief River Falls, MN. It reported $550M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Northern State Bank of Thief River Falls's return on assets?
1.10% annualized in Q2 2026, against a 1.35% median for 79 MN banks with half to twice its assets, ahead of 32% of them.
What is Northern State Bank of Thief River Falls's efficiency ratio?
53.73% in Q2 2026: it spent about 54 cents in noninterest expense for each dollar of revenue. The peer median is 61.72%, and lower is better.
Is Northern State Bank of Thief River Falls growing its loans?
Net loans shrank 1.5% over the year to Q2 2026, while deposits grew 21.4%.
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.