Western National Bank: how it compares with its peers
Against 100 MN banks with half to twice its assets, Western National Bank's strongest measure in Q2 2026 is net interest margin (4.02% vs. a 4.06% peer median). Its weakest relative measure is assets per employee ($3.9M vs. $7.1M).
| Measure | Western National Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.14% | 1.27% | Bottom third Ahead of 6% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.02% | 4.06% | Middle third Ahead of 49% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 92.94% | 61.12% | Bottom third Ahead of 3% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $3.9M | $7.1M | Bottom third Ahead of 1% of peers |
| Loans to deposits Net loans and leases over total deposits. | 85.35% | 79.00% | Context |
What it means for lending operations
Its efficiency ratio of 92.94% is above the 61.12% 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
- Worthington Federal Savings Bank, FSB Worthington, MN · $135M
- St. Clair State Bank (Incorporated) Saint Clair, MN · $134M
- The First National Bank of Moose Lake Moose Lake, MN · $134M
- The First National Bank of Cokato Cokato, MN · $138M
- Security State Bank of Warroad Warroad, MN · $138M
- Farmers and Merchants State Bank of Springfield Springfield, MN · $140M
Questions about Western National Bank
How big is Western National Bank?
Western National Bank, established in 1904, is headquartered in Duluth, MN. It reported $136M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Western National Bank's return on assets?
0.14% annualized in Q2 2026, against a 1.27% median for 100 MN banks with half to twice its assets, ahead of 6% of them.
What is Western National Bank's efficiency ratio?
92.94% in Q2 2026: it spent about 93 cents in noninterest expense for each dollar of revenue. The peer median is 61.12%, and lower is better.
Is Western National Bank growing its loans?
Net loans grew 18.2% over the year to Q2 2026, while deposits grew 5.0%.
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.