Homestead Savings Bank: how it compares with its peers
Against 13 MI banks with half to twice its assets, Homestead Savings Bank's strongest measure in Q2 2026 is net interest margin (4.81% vs. a 4.25% peer median). Its weakest relative measure is assets per employee ($3.1M vs. $4.3M).
| Measure | Homestead Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.75% | 1.00% | Bottom third Ahead of 31% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.81% | 4.25% | Top third Ahead of 92% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 78.83% | 71.10% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $3.1M | $4.3M | Bottom third Ahead of 8% of peers |
| Loans to deposits Net loans and leases over total deposits. | 77.12% | 65.19% | Context |
What it means for lending operations
Its efficiency ratio of 78.83% is above the 71.10% 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
- JPMorgan Chase Bank, Dearborn Dearborn, MI · $71M
- The Port Austin State Bank Port Austin, MI · $68M
- First State Bank of Michigan Decatur, MI · $88M
- The First National Bank of Wakefield Wakefield, MI · $53M
- Mayville State Bank Mayville, MI · $95M
- Huron State Bank Rogers City, MI · $95M
Questions about Homestead Savings Bank
How big is Homestead Savings Bank?
Homestead Savings Bank, established in 1889, is headquartered in Albion, MI. It reported $72M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Homestead Savings Bank's return on assets?
0.75% annualized in Q2 2026, against a 1.00% median for 13 MI banks with half to twice its assets, ahead of 31% of them.
What is Homestead Savings Bank's efficiency ratio?
78.83% in Q2 2026: it spent about 79 cents in noninterest expense for each dollar of revenue. The peer median is 71.10%, and lower is better.
Is Homestead Savings Bank growing its loans?
Net loans shrank 5.6% over the year to Q2 2026, while deposits shrank 0.9%.
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 MI 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 Michigan bank ranked.