Luminate Bank: how it compares with its peers
Against 79 MN banks with half to twice its assets, Luminate Bank's strongest measure in Q2 2026 is return on assets (3.07% vs. a 1.35% peer median). Its weakest relative measure is assets per employee ($744K vs. $7.8M).
| Measure | Luminate Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 3.07% | 1.35% | Top third Ahead of 100% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.64% | 3.94% | Middle third Ahead of 37% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 90.03% | 61.03% | Bottom third Ahead of 3% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $744K | $7.8M | Bottom third Ahead of 0% of peers |
| Loans to deposits Net loans and leases over total deposits. | 108.83% | 84.21% | Context |
What it means for lending operations
Its efficiency ratio of 90.03% is above the 61.03% 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
- Community Resource Bank Northfield, MN · $556M
- Northern State Bank of Thief River Falls Thief River Falls, MN · $550M
- Glenwood State Bank (Incorporated) Glenwood, MN · $545M
- Community Bank Mankato Vernon Center, MN · $538M
- Profinium, Inc. Truman, MN · $533M
- Lake Elmo Bank Lake Elmo, MN · $530M
Questions about Luminate Bank
How big is Luminate Bank?
Luminate Bank, established in 1937, is headquartered in Minneapolis, MN. It reported $555M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Luminate Bank's return on assets?
3.07% annualized in Q2 2026, against a 1.35% median for 79 MN banks with half to twice its assets, ahead of 100% of them.
What is Luminate Bank's efficiency ratio?
90.03% in Q2 2026: it spent about 90 cents in noninterest expense for each dollar of revenue. The peer median is 61.03%, and lower is better.
Is Luminate Bank growing its loans?
Net loans grew 34.9% over the year to Q2 2026, while deposits grew 20.0%.
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.