State Bank of Taunton: how it compares with its peers
Against 47 MN banks with half to twice its assets, State Bank of Taunton's strongest measure in Q2 2026 is assets per employee ($9.3M vs. a $7.1M peer median). Its weakest relative measure is efficiency ratio (82.15% vs. 62.37%).
| Measure | State Bank of Taunton | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.74% | 1.26% | Bottom third Ahead of 30% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.06% | 3.84% | Middle third Ahead of 55% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.15% | 62.37% | Bottom third Ahead of 19% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $7.1M | Top third Ahead of 87% of peers |
| Loans to deposits Net loans and leases over total deposits. | 70.35% | 66.61% | Context |
What it means for lending operations
Its efficiency ratio of 82.15% is above the 62.37% 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
- State Bank of Bellingham Bellingham, MN · $46M
- State Bank of Lake Park Lake Park, MN · $47M
- The First National Bank of McIntosh Mcintosh, MN · $47M
- Farmers and Merchants State Bank of Alpha Alpha, MN · $47M
- Marshall County State Bank Newfolden, MN · $45M
- Security State Bank of Oklee Oklee, MN · $49M
Questions about State Bank of Taunton
How big is State Bank of Taunton?
State Bank of Taunton, established in 1905, is headquartered in Taunton, MN. It reported $47M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is State Bank of Taunton's return on assets?
0.74% annualized in Q2 2026, against a 1.26% median for 47 MN banks with half to twice its assets, ahead of 30% of them.
What is State Bank of Taunton's efficiency ratio?
82.15% in Q2 2026: it spent about 82 cents in noninterest expense for each dollar of revenue. The peer median is 62.37%, and lower is better.
Is State Bank of Taunton growing its loans?
Net loans shrank 21.3% over the year to Q2 2026, while deposits shrank 5.2%.
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 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.