Star Bank: how it compares with its peers
Against 84 MN banks with half to twice its assets, Star Bank's strongest measure in Q2 2026 is net interest margin (5.05% vs. a 3.99% peer median). Its weakest relative measure is return on assets (0.52% vs. 1.36%).
| Measure | Star Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.52% | 1.36% | Bottom third Ahead of 8% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.05% | 3.99% | Top third Ahead of 96% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.94% | 61.03% | Middle third Ahead of 48% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.6M | $7.5M | Bottom third Ahead of 11% of peers |
| Loans to deposits Net loans and leases over total deposits. | 91.88% | 83.08% | Context |
What it means for lending operations
Its efficiency ratio of 61.94% is above the 61.03% 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
- Kensington Bank Kensington, MN · $447M
- First National Bank Minnesota Saint Peter, MN · $438M
- Foresight Bank Plainview, MN · $434M
- Sterling State Bank Austin, MN · $462M
- Peoples State Bank of Plainview Plainview, MN · $429M
- My Kind of Bank, National Association Ottertail, MN · $423M
Questions about Star Bank
How big is Star Bank?
Star Bank, established in 1904, is headquartered in Maple Lake, MN. It reported $446M in total assets in its Q2 2026 FDIC call report and operates 11 offices.
What is Star Bank's return on assets?
0.52% annualized in Q2 2026, against a 1.36% median for 84 MN banks with half to twice its assets, ahead of 8% of them.
What is Star Bank's efficiency ratio?
61.94% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 61.03%, and lower is better.
Is Star Bank growing its loans?
Net loans shrank 4.5% over the year to Q2 2026, while deposits shrank 0.4%.
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.