The First National Bank of Frederick: how it compares with its peers
Against 241 U.S. banks with half to twice its assets, The First National Bank of Frederick's strongest measure in Q2 2026 is assets per employee ($7.2M vs. a $5.4M peer median). Its weakest relative measure is net interest margin (2.40% vs. 3.84%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.29% | 0.95% | Bottom third Ahead of 27% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.40% | 3.84% | Bottom third Ahead of 9% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 86.02% | 75.48% | Bottom third Ahead of 31% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.2M | $5.4M | Top third Ahead of 78% of peers |
| Loans to deposits Net loans and leases over total deposits. | 16.22% | 60.81% | Context |
What it means for lending operations
Its efficiency ratio of 86.02% is above the 75.48% 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
- Bank of Vici Vici, OK · $29M
- Citizens Bank of Edinburg Edinburg, IL · $29M
- First National Bank in Tigerton Tigerton, WI · $29M
- State Bank of Easton Easton, MN · $28M
- St. Martin National Bank Saint Martin, MN · $29M
- Andes State Bank Lake Andes, SD · $28M
Questions about The First National Bank of Frederick
How big is The First National Bank of Frederick?
The First National Bank of Frederick, established in 1882, is headquartered in Frederick, SD. It reported $29M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The First National Bank of Frederick's return on assets?
0.29% annualized in Q2 2026, against a 0.95% median for 241 U.S. banks with half to twice its assets, ahead of 27% of them.
What is The First National Bank of Frederick's efficiency ratio?
86.02% in Q2 2026: it spent about 86 cents in noninterest expense for each dollar of revenue. The peer median is 75.48%, and lower is better.
Is The First National Bank of Frederick growing its loans?
Net loans shrank 21.6% 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 U.S. 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 South Dakota bank ranked.