New Market Bank: how it compares with its peers
Against 103 MN banks with half to twice its assets, New Market Bank's strongest measure in Q2 2026 is net interest margin (4.41% vs. a 4.01% peer median). Its weakest relative measure is assets per employee ($5.3M vs. $7.1M).
| Measure | New Market Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.13% | 1.32% | Middle third Ahead of 39% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.41% | 4.01% | Top third Ahead of 74% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.62% | 61.58% | Bottom third Ahead of 31% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.3M | $7.1M | Bottom third Ahead of 13% of peers |
| Loans to deposits Net loans and leases over total deposits. | 65.63% | 76.56% | Context |
What it means for lending operations
Its efficiency ratio of 67.62% is above the 61.58% 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
- Farmers State Bank of Hamel Hamel, MN · $198M
- Keen Bank, National Association Waseca, MN · $201M
- Minnstar Bank National Association Lake Crystal, MN · $204M
- Pine River State Bank Pine River, MN · $185M
- Wadena State Bank Wadena, MN · $207M
- Grand Marais State Bank Grand Marais, MN · $207M
Questions about New Market Bank
How big is New Market Bank?
New Market Bank, established in 1905, is headquartered in Elko New Market, MN. It reported $196M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is New Market Bank's return on assets?
1.13% annualized in Q2 2026, against a 1.32% median for 103 MN banks with half to twice its assets, ahead of 39% of them.
What is New Market Bank's efficiency ratio?
67.62% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 61.58%, and lower is better.
Is New Market Bank growing its loans?
Net loans grew 5.7% over the year to Q2 2026, while deposits grew 3.3%.
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.