First National Bank North: how it compares with its peers
Against 50 MN banks with half to twice its assets, First National Bank North's strongest measure in Q2 2026 is return on assets (2.54% vs. a 1.36% peer median). Its weakest relative measure is assets per employee ($7.0M vs. $8.0M).
| Measure | First National Bank North | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.54% | 1.36% | Top third Ahead of 96% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.50% | 3.92% | Top third Ahead of 92% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.72% | 58.08% | Top third Ahead of 86% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.0M | $8.0M | Bottom third Ahead of 28% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.08% | 86.77% | Context |
What it means for lending operations
Its efficiency ratio of 48.72% is better than the 58.08% 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
- Falcon National Bank Foley, MN · $872M
- Pioneer Bank Mapleton, MN · $884M
- Northeast Bank Minneapolis, MN · $837M
- 21st Century Bank Loretto, MN · $895M
- VersaBank USA National Association Holdingford, MN · $912M
- Vermillion State Bank Vermillion, MN · $931M
Questions about First National Bank North
How big is First National Bank North?
First National Bank North, established in 1902, is headquartered in Walker, MN. It reported $864M in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is First National Bank North's return on assets?
2.54% annualized in Q2 2026, against a 1.36% median for 50 MN banks with half to twice its assets, ahead of 96% of them.
What is First National Bank North's efficiency ratio?
48.72% in Q2 2026: it spent about 49 cents in noninterest expense for each dollar of revenue. The peer median is 58.08%, and lower is better.
Is First National Bank North growing its loans?
Net loans grew 10.5% over the year to Q2 2026, while deposits grew 7.8%.
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.