MINNESOTA LAKES BANK: how it compares with its peers
Against 98 MN banks with half to twice its assets, MINNESOTA LAKES BANK's strongest measure in Q2 2026 is net interest margin (5.42% vs. a 4.02% peer median). Its weakest relative measure is efficiency ratio (67.20% vs. 61.12%).
| Measure | MINNESOTA LAKES BANK | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.43% | 1.23% | Middle third Ahead of 60% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.42% | 4.02% | Top third Ahead of 97% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.20% | 61.12% | Bottom third Ahead of 30% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.2M | $7.2M | Bottom third Ahead of 32% of peers |
| Loans to deposits Net loans and leases over total deposits. | 65.63% | 79.48% | Context |
What it means for lending operations
Its efficiency ratio of 67.20% is above the 61.12% 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
- The First National Bank of Bagley Bagley, MN · $129M
- COMMUNITY FIRST BANK Menahga, MN · $126M
- The First National Bank of Moose Lake Moose Lake, MN · $134M
- St. Clair State Bank (Incorporated) Saint Clair, MN · $134M
- State Bank of New Richland New Richland, MN · $124M
- Worthington Federal Savings Bank, FSB Worthington, MN · $135M
Questions about MINNESOTA LAKES BANK
How big is MINNESOTA LAKES BANK?
MINNESOTA LAKES BANK, established in 1982, is headquartered in Delano, MN. It reported $130M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is MINNESOTA LAKES BANK's return on assets?
1.43% annualized in Q2 2026, against a 1.23% median for 98 MN banks with half to twice its assets, ahead of 60% of them.
What is MINNESOTA LAKES BANK's efficiency ratio?
67.20% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 61.12%, and lower is better.
Is MINNESOTA LAKES BANK growing its loans?
Net loans shrank 9.4% over the year to Q2 2026, while deposits grew 5.4%.
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.