Triumph State Bank: how it compares with its peers
Against 87 MN banks with half to twice its assets, Triumph State Bank's strongest measure in Q2 2026 is net interest margin (5.13% vs. a 4.02% peer median). Its weakest relative measure is assets per employee ($5.8M vs. $7.1M).
| Measure | Triumph State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.56% | 1.24% | Top third Ahead of 71% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.13% | 4.02% | Top third Ahead of 93% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.53% | 61.64% | Top third Ahead of 85% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.8M | $7.1M | Bottom third Ahead of 28% of peers |
| Loans to deposits Net loans and leases over total deposits. | 78.76% | 78.80% | Context |
What it means for lending operations
Its efficiency ratio of 52.53% 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
- Integrity Bank Plus Wabasso, MN · $93M
- First Farmers & Merchants State Bank of Grand Meadow Grand Meadow, MN · $93M
- First Farmers & Merchants State Bank Brownsdale, MN · $96M
- The Miners National Bank of Eveleth Eveleth, MN · $97M
- The First National Bank of Osakis Osakis, MN · $98M
- Concorde Bank Blomkest, MN · $88M
Questions about Triumph State Bank
How big is Triumph State Bank?
Triumph State Bank, established in 1901, is headquartered in Trimont, MN. It reported $93M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Triumph State Bank's return on assets?
1.56% annualized in Q2 2026, against a 1.24% median for 87 MN banks with half to twice its assets, ahead of 71% of them.
What is Triumph State Bank's efficiency ratio?
52.53% in Q2 2026: it spent about 53 cents in noninterest expense for each dollar of revenue. The peer median is 61.64%, and lower is better.
Is Triumph State Bank growing its loans?
Net loans grew 7.8% over the year to Q2 2026, while deposits grew 4.5%.
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.