First National Bank Minnesota: how it compares with its peers
Against 85 MN banks with half to twice its assets, First National Bank Minnesota's strongest measure in Q2 2026 is net interest margin (4.15% vs. a 3.97% peer median). Its weakest relative measure is assets per employee ($6.5M vs. $7.5M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.35% | 1.35% | Middle third Ahead of 48% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.15% | 3.97% | Middle third Ahead of 64% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.88% | 61.04% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.5M | $7.5M | Bottom third Ahead of 27% of peers |
| Loans to deposits Net loans and leases over total deposits. | 86.96% | 82.83% | Context |
What it means for lending operations
Its efficiency ratio of 64.88% is above the 61.04% 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
- Foresight Bank Plainview, MN · $434M
- Star Bank Maple Lake, MN · $446M
- Peoples State Bank of Plainview Plainview, MN · $429M
- Kensington Bank Kensington, MN · $447M
- My Kind of Bank, National Association Ottertail, MN · $423M
- Sentry Bank Saint Joseph, MN · $415M
Questions about First National Bank Minnesota
How big is First National Bank Minnesota?
First National Bank Minnesota, established in 1857, is headquartered in Saint Peter, MN. It reported $438M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is First National Bank Minnesota's return on assets?
1.35% annualized in Q2 2026, against a 1.35% median for 85 MN banks with half to twice its assets, ahead of 48% of them.
What is First National Bank Minnesota's efficiency ratio?
64.88% in Q2 2026: it spent about 65 cents in noninterest expense for each dollar of revenue. The peer median is 61.04%, and lower is better.
Is First National Bank Minnesota growing its loans?
Net loans grew 0.7% over the year to Q2 2026, while deposits grew 2.0%.
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.