North Star Bank: how it compares with its peers
Against 90 MN banks with half to twice its assets, North Star Bank's strongest measure in Q2 2026 is return on assets (1.35% vs. a 1.35% peer median). Its weakest relative measure is net interest margin (3.71% vs. 3.98%).
| Measure | North Star Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.35% | 1.35% | Middle third Ahead of 51% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.71% | 3.98% | Middle third Ahead of 37% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.39% | 60.87% | Middle third Ahead of 44% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $7.6M | Middle third Ahead of 46% of peers |
| Loans to deposits Net loans and leases over total deposits. | 71.31% | 82.25% | Context |
What it means for lending operations
Its efficiency ratio of 62.39% is above the 60.87% 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
- Pine Country Bank Little Falls, MN · $380M
- First Bank Elk River Elk River, MN · $369M
- ProGrowth Bank Nicollet, MN · $365M
- Heritage Bank National Association Spicer, MN · $361M
- The Citizens National Bank of Park Rapids Park Rapids, MN · $397M
- United Community Bank Perham, MN · $359M
Questions about North Star Bank
How big is North Star Bank?
North Star Bank, established in 1947, is headquartered in Roseville, MN. It reported $379M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is North Star Bank's return on assets?
1.35% annualized in Q2 2026, against a 1.35% median for 90 MN banks with half to twice its assets, ahead of 51% of them.
What is North Star Bank's efficiency ratio?
62.39% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 60.87%, and lower is better.
Is North Star Bank growing its loans?
Net loans shrank 5.7% over the year to Q2 2026, while deposits shrank 3.0%.
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.