Think Mutual Bank: how it compares with its peers
Against 11 MN banks with half to twice its assets, Think Mutual Bank's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $8.0M peer median). Its weakest relative measure is net interest margin (2.85% vs. 3.79%).
| Measure | Think Mutual Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.63% | 1.79% | Bottom third Ahead of 9% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.85% | 3.79% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 75.72% | 53.77% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $8.0M | Middle third Ahead of 55% of peers |
| Loans to deposits Net loans and leases over total deposits. | 64.83% | 81.50% | Context |
What it means for lending operations
Its efficiency ratio of 75.72% is above the 53.77% 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
- Tradition Capital Bank Wayzata, MN · $2.72B
- Merchants Bank, National Association Winona, MN · $2.88B
- Minnwest Bank Redwood Falls, MN · $2.94B
- Deerwood Bank Waite Park, MN · $1.52B
- Park State Bank Duluth, MN · $1.49B
- North American Banking Company Roseville, MN · $1.47B
Questions about Think Mutual Bank
How big is Think Mutual Bank?
Think Mutual Bank, established in 2007, is headquartered in Rochester, MN. It reported $2.23B in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Think Mutual Bank's return on assets?
0.63% annualized in Q2 2026, against a 1.79% median for 11 MN banks with half to twice its assets, ahead of 9% of them.
What is Think Mutual Bank's efficiency ratio?
75.72% in Q2 2026: it spent about 76 cents in noninterest expense for each dollar of revenue. The peer median is 53.77%, and lower is better.
Is Think Mutual Bank growing its loans?
Net loans shrank 1.5% over the year to Q2 2026, while deposits grew 4.7%.
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.