The First National Bank of Milaca: how it compares with its peers
Against 93 MN banks with half to twice its assets, The First National Bank of Milaca's strongest measure in Q2 2026 is return on assets (1.95% vs. a 1.30% peer median). Its weakest relative measure is assets per employee ($5.7M vs. $7.5M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.95% | 1.30% | Top third Ahead of 88% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.58% | 3.97% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.57% | 61.83% | Middle third Ahead of 65% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.7M | $7.5M | Bottom third Ahead of 18% of peers |
| Loans to deposits Net loans and leases over total deposits. | 75.46% | 80.66% | Context |
What it means for lending operations
Its efficiency ratio of 57.57% is better than the 61.83% 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
- Castle Rock Bank Castle Rock, MN · $294M
- Lake Central Bank Annandale, MN · $291M
- Citizens State Bank of Roseau Roseau, MN · $291M
- Liberty Bank Minnesota Saint Cloud, MN · $290M
- Minnesota National Bank Sauk Centre, MN · $298M
- PrinsBank Prinsburg, MN · $308M
Questions about The First National Bank of Milaca
How big is The First National Bank of Milaca?
The First National Bank of Milaca, established in 1897, is headquartered in Milaca, MN. It reported $293M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is The First National Bank of Milaca's return on assets?
1.95% annualized in Q2 2026, against a 1.30% median for 93 MN banks with half to twice its assets, ahead of 88% of them.
What is The First National Bank of Milaca's efficiency ratio?
57.57% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 61.83%, and lower is better.
Is The First National Bank of Milaca growing its loans?
Net loans grew 8.9% over the year to Q2 2026, while deposits grew 5.1%.
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.