First Bank Blue Earth: how it compares with its peers
Against 92 MN banks with half to twice its assets, First Bank Blue Earth's strongest measure in Q2 2026 is assets per employee ($9.5M vs. a $7.4M peer median). Its weakest relative measure is net interest margin (2.53% vs. 3.98%).
| Measure | First Bank Blue Earth | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.48% | 1.35% | Bottom third Ahead of 7% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.53% | 3.98% | Bottom third Ahead of 1% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.69% | 61.67% | Bottom third Ahead of 27% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.5M | $7.4M | Top third Ahead of 80% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.01% | 81.46% | Context |
What it means for lending operations
Its efficiency ratio of 69.69% is above the 61.67% 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
- Gateway Bank Mendota Heights, MN · $320M
- Citizens Bank & Trust Co. Hutchinson, MN · $329M
- The State Bank of Faribault Faribault, MN · $329M
- VIKING BANK, NATIONAL ASSOCIATION Alexandria, MN · $330M
- Woodlands National Bank Hinckley, MN · $331M
- Citizens Independent Bank Saint Louis Park, MN · $314M
Questions about First Bank Blue Earth
How big is First Bank Blue Earth?
First Bank Blue Earth, established in 1869, is headquartered in Blue Earth, MN. It reported $323M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is First Bank Blue Earth's return on assets?
0.48% annualized in Q2 2026, against a 1.35% median for 92 MN banks with half to twice its assets, ahead of 7% of them.
What is First Bank Blue Earth's efficiency ratio?
69.69% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 61.67%, and lower is better.
Is First Bank Blue Earth growing its loans?
Net loans grew 0.8% over the year to Q2 2026, while deposits grew 6.4%.
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.