Red River State Bank: how it compares with its peers
Against 93 MN banks with half to twice its assets, Red River State Bank's strongest measure in Q2 2026 is return on assets (2.18% vs. a 1.20% peer median). Its weakest relative measure is assets per employee ($5.5M vs. $7.1M).
| Measure | Red River State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.18% | 1.20% | Top third Ahead of 97% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.45% | 4.12% | Top third Ahead of 97% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.66% | 61.64% | Middle third Ahead of 66% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.5M | $7.1M | Bottom third Ahead of 23% of peers |
| Loans to deposits Net loans and leases over total deposits. | 105.35% | 79.21% | Context |
What it means for lending operations
Its efficiency ratio of 56.66% is better than the 61.64% 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
- First State Bank of Le Center Le Center, MN · $110M
- The First National Bank of Coleraine Coleraine, MN · $112M
- Security State Bank of Wanamingo Wanamingo, MN · $113M
- Produce State Bank Hollandale, MN · $107M
- Prairie Sun Bank Milan, MN · $107M
- Farmers State Bank of Underwood Underwood, MN · $114M
Questions about Red River State Bank
How big is Red River State Bank?
Red River State Bank, established in 1934, is headquartered in Halstad, MN. It reported $110M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Red River State Bank's return on assets?
2.18% annualized in Q2 2026, against a 1.20% median for 93 MN banks with half to twice its assets, ahead of 97% of them.
What is Red River State Bank's efficiency ratio?
56.66% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 61.64%, and lower is better.
Is Red River State Bank growing its loans?
Net loans shrank 6.3% over the year to Q2 2026, while deposits shrank 6.9%.
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 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.