The First National Bank of Bemidji: how it compares with its peers
Against 36 MN banks with half to twice its assets, The First National Bank of Bemidji's strongest measure in Q2 2026 is assets per employee ($9.8M vs. a $8.0M peer median). Its weakest relative measure is net interest margin (2.78% vs. 3.90%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.42% | 1.41% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.78% | 3.90% | Bottom third Ahead of 3% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.16% | 58.02% | Top third Ahead of 69% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.8M | $8.0M | Top third Ahead of 75% of peers |
| Loans to deposits Net loans and leases over total deposits. | 64.55% | 84.16% | Context |
What it means for lending operations
Its efficiency ratio of 52.16% is better than the 58.02% 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
- First Resource Bank Lino Lakes, MN · $1.08B
- MidCountry Bank Minneapolis, MN · $1.07B
- United Bankers' Bank Richfield, MN · $1.05B
- Midwest Bank Detroit Lakes, MN · $985M
- Premier Bank Maplewood, MN · $1.18B
- United Prairie Bank Mountain Lake, MN · $939M
Questions about The First National Bank of Bemidji
How big is The First National Bank of Bemidji?
The First National Bank of Bemidji, established in 1897, is headquartered in Bemidji, MN. It reported $1.08B in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is The First National Bank of Bemidji's return on assets?
1.42% annualized in Q2 2026, against a 1.41% median for 36 MN banks with half to twice its assets, ahead of 50% of them.
What is The First National Bank of Bemidji's efficiency ratio?
52.16% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 58.02%, and lower is better.
Is The First National Bank of Bemidji growing its loans?
Net loans grew 27.6% over the year to Q2 2026, while deposits grew 1.9%.
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 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.