The State Bank of Faribault: how it compares with its peers
Against 92 MN banks with half to twice its assets, The State Bank of Faribault's strongest measure in Q2 2026 is net interest margin (4.12% vs. a 3.97% peer median). Its weakest relative measure is efficiency ratio (70.93% vs. 61.67%).
| Measure | The State Bank of Faribault | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.14% | 1.35% | Middle third Ahead of 37% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.12% | 3.97% | Middle third Ahead of 60% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.93% | 61.67% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.3M | $7.5M | Middle third Ahead of 47% of peers |
| Loans to deposits Net loans and leases over total deposits. | 58.35% | 81.46% | Context |
What it means for lending operations
Its efficiency ratio of 70.93% is above the 61.67% 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
- Citizens Bank & Trust Co. Hutchinson, MN · $329M
- VIKING BANK, NATIONAL ASSOCIATION Alexandria, MN · $330M
- Woodlands National Bank Hinckley, MN · $331M
- Ultima Bank Minnesota Winger, MN · $334M
- Reliance Bank Faribault, MN · $334M
- First Bank Blue Earth Blue Earth, MN · $323M
Questions about The State Bank of Faribault
How big is The State Bank of Faribault?
The State Bank of Faribault, established in 1919, is headquartered in Faribault, MN. It reported $329M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is The State Bank of Faribault's return on assets?
1.14% annualized in Q2 2026, against a 1.35% median for 92 MN banks with half to twice its assets, ahead of 37% of them.
What is The State Bank of Faribault's efficiency ratio?
70.93% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 61.67%, and lower is better.
Is The State Bank of Faribault growing its loans?
Net loans grew 0.8% over the year to Q2 2026, while deposits grew 3.8%.
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.