First United Bank: how it compares with its peers
Against 14 ND banks with half to twice its assets, First United Bank's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $7.8M peer median). Its weakest relative measure is return on assets (1.66% vs. 1.74%).
| Measure | First United Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.66% | 1.74% | Middle third Ahead of 36% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.00% | 3.86% | Middle third Ahead of 64% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 55.56% | 53.49% | Middle third Ahead of 36% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $7.8M | Top third Ahead of 71% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.91% | 88.48% | Context |
What it means for lending operations
Its efficiency ratio of 55.56% 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
- American Federal Bank Fargo, ND · $796M
- United Valley Bank Cavalier, ND · $752M
- BankNorth Arthur, ND · $694M
- American State Bank & Trust Company of Williston Williston, ND · $643M
- Unison Bank Jamestown, ND · $597M
- Border Bank Fargo, ND · $1.06B
Questions about First United Bank
How big is First United Bank?
First United Bank, established in 1886, is headquartered in Park River, ND. It reported $811M in total assets in its Q2 2026 FDIC call report and operates 19 offices.
What is First United Bank's return on assets?
1.66% annualized in Q2 2026, against a 1.74% median for 14 ND banks with half to twice its assets, ahead of 36% of them.
What is First United Bank's efficiency ratio?
55.56% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 53.49%, and lower is better.
Is First United Bank growing its loans?
Net loans grew 13.3% over the year to Q2 2026, while deposits grew 15.2%.
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 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.