The Miners National Bank of Eveleth: how it compares with its peers
Against 84 MN banks with half to twice its assets, The Miners National Bank of Eveleth's strongest measure in Q2 2026 is net interest margin (4.31% vs. a 4.10% peer median). Its weakest relative measure is return on assets (1.03% vs. 1.25%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.03% | 1.25% | Middle third Ahead of 35% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.31% | 4.10% | Middle third Ahead of 64% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 65.58% | 61.56% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $7.0M | Middle third Ahead of 57% of peers |
| Loans to deposits Net loans and leases over total deposits. | 76.40% | 79.48% | Context |
What it means for lending operations
Its efficiency ratio of 65.58% is above the 61.56% 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
- First Farmers & Merchants State Bank Brownsdale, MN · $96M
- The First National Bank of Osakis Osakis, MN · $98M
- Janesville State Bank Janesville, MN · $99M
- Integrity Bank Plus Wabasso, MN · $93M
- Triumph State Bank Trimont, MN · $93M
- Currie State Bank Currie, MN · $100M
Questions about The Miners National Bank of Eveleth
How big is The Miners National Bank of Eveleth?
The Miners National Bank of Eveleth, established in 1903, is headquartered in Eveleth, MN. It reported $97M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The Miners National Bank of Eveleth's return on assets?
1.03% annualized in Q2 2026, against a 1.25% median for 84 MN banks with half to twice its assets, ahead of 35% of them.
What is The Miners National Bank of Eveleth's efficiency ratio?
65.58% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 61.56%, and lower is better.
Is The Miners National Bank of Eveleth growing its loans?
Net loans grew 0.4% over the year to Q2 2026, while deposits grew 8.7%.
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.