Premier Bank Minnesota: how it compares with its peers
Against 63 MN banks with half to twice its assets, Premier Bank Minnesota's strongest measure in Q2 2026 is net interest margin (4.49% vs. a 3.92% peer median). Its weakest relative measure is assets per employee ($7.7M vs. $8.0M).
| Measure | Premier Bank Minnesota | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.93% | 1.35% | Top third Ahead of 87% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.49% | 3.92% | Top third Ahead of 89% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.99% | 61.03% | Middle third Ahead of 59% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $8.0M | Middle third Ahead of 44% of peers |
| Loans to deposits Net loans and leases over total deposits. | 86.91% | 86.62% | Context |
What it means for lending operations
Its efficiency ratio of 57.99% is better than the 61.03% 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
- HomeTown Bank Carver, MN · $692M
- The Bank of Elk River Elk River, MN · $719M
- BankVista Sartell, MN · $651M
- FM Bank Waseca, MN · $738M
- Platinum Bank Oakdale, MN · $739M
- First Independent Bank Russell, MN · $632M
Questions about Premier Bank Minnesota
How big is Premier Bank Minnesota?
Premier Bank Minnesota, established in 1990, is headquartered in Hastings, MN. It reported $691M in total assets in its Q2 2026 FDIC call report and operates 12 offices.
What is Premier Bank Minnesota's return on assets?
1.93% annualized in Q2 2026, against a 1.35% median for 63 MN banks with half to twice its assets, ahead of 87% of them.
What is Premier Bank Minnesota's efficiency ratio?
57.99% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 61.03%, and lower is better.
Is Premier Bank Minnesota growing its loans?
Net loans shrank 5.0% over the year to Q2 2026, while deposits grew 0.6%.
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.