Milestone Bank: how it compares with its peers
Against 1000 U.S. banks with half to twice its assets, Milestone Bank's strongest measure in Q2 2026 is net interest margin (5.70% vs. a 3.94% peer median). Its weakest relative measure is return on assets (0.69% vs. 1.30%).
| Measure | Milestone Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.69% | 1.30% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.70% | 3.94% | Top third Ahead of 98% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 59.64% | 61.59% | Middle third Ahead of 56% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.3M | $6.7M | Bottom third Ahead of 21% of peers |
| Loans to deposits Net loans and leases over total deposits. | 102.22% | 79.44% | Context |
What it means for lending operations
Its efficiency ratio of 59.64% is better than the 61.59% 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
- Farmers State Bank of Alto Pass, Ill. Alto Pass, IL · $342M
- Premier Bank National Association Omaha, NE · $342M
- Cumberland Federal Bank, FSB Cumberland, WI · $342M
- Midwest Independent BankersBank Jefferson City, MO · $341M
- Ozark Bank Ozark, MO · $341M
- State Bank of Toulon Toulon, IL · $343M
Questions about Milestone Bank
How big is Milestone Bank?
Milestone Bank, established in 2006, is headquartered in Salt Lake City, UT. It reported $342M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Milestone Bank's return on assets?
0.69% annualized in Q2 2026, against a 1.30% median for 1000 U.S. banks with half to twice its assets, ahead of 17% of them.
What is Milestone Bank's efficiency ratio?
59.64% in Q2 2026: it spent about 60 cents in noninterest expense for each dollar of revenue. The peer median is 61.59%, and lower is better.
Is Milestone Bank growing its loans?
Net loans shrank 18.7% over the year to Q2 2026, while deposits shrank 13.9%.
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 U.S. 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 Utah bank ranked.