Lake Elmo Bank: how it compares with its peers
Against 76 MN banks with half to twice its assets, Lake Elmo Bank's strongest measure in Q2 2026 is return on assets (1.79% vs. a 1.35% peer median). Its weakest relative measure is assets per employee ($6.9M vs. $7.7M).
| Measure | Lake Elmo Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.79% | 1.35% | Top third Ahead of 86% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.25% | 3.93% | Top third Ahead of 71% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 54.99% | 61.43% | Top third Ahead of 71% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $7.7M | Bottom third Ahead of 30% of peers |
| Loans to deposits Net loans and leases over total deposits. | 91.31% | 84.14% | Context |
What it means for lending operations
Its efficiency ratio of 54.99% is better than the 61.43% 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
- EntreBank Bloomington, MN · $527M
- Profinium, Inc. Truman, MN · $533M
- Community Bank Mankato Vernon Center, MN · $538M
- Glenwood State Bank (Incorporated) Glenwood, MN · $545M
- Northern State Bank of Thief River Falls Thief River Falls, MN · $550M
- Eagle Rock Bank Rochester, MN · $508M
Questions about Lake Elmo Bank
How big is Lake Elmo Bank?
Lake Elmo Bank, established in 1911, is headquartered in Lake Elmo, MN. It reported $530M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Lake Elmo Bank's return on assets?
1.79% annualized in Q2 2026, against a 1.35% median for 76 MN banks with half to twice its assets, ahead of 86% of them.
What is Lake Elmo Bank's efficiency ratio?
54.99% in Q2 2026: it spent about 55 cents in noninterest expense for each dollar of revenue. The peer median is 61.43%, and lower is better.
Is Lake Elmo Bank growing its loans?
Net loans grew 6.6% over the year to Q2 2026, while deposits grew 5.5%.
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.