Turtle Mountain State Bank: how it compares with its peers
Against 23 ND banks with half to twice its assets, Turtle Mountain State Bank's strongest measure in Q2 2026 is return on assets (2.33% vs. a 1.19% peer median). Its weakest relative measure is assets per employee ($6.7M vs. $8.4M).
| Measure | Turtle Mountain State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.33% | 1.19% | Top third Ahead of 100% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.31% | 3.62% | Top third Ahead of 87% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 47.99% | 63.74% | Top third Ahead of 87% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.7M | $8.4M | Bottom third Ahead of 30% of peers |
| Loans to deposits Net loans and leases over total deposits. | 40.56% | 58.70% | Context |
What it means for lending operations
Its efficiency ratio of 47.99% is better than the 63.74% 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
- State Bank of Bottineau Bottineau, ND · $117M
- McIntosh County Bank Ashley, ND · $119M
- Farmers & Merchants Bank of North Dakota Tolna, ND · $120M
- First State Bank of Golva Golva, ND · $124M
- Strasburg State Bank Strasburg, ND · $104M
- Lincoln State Bank Hankinson, ND · $125M
Questions about Turtle Mountain State Bank
How big is Turtle Mountain State Bank?
Turtle Mountain State Bank, established in 2007, is headquartered in Belcourt, ND. It reported $114M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Turtle Mountain State Bank's return on assets?
2.33% annualized in Q2 2026, against a 1.19% median for 23 ND banks with half to twice its assets, ahead of 100% of them.
What is Turtle Mountain State Bank's efficiency ratio?
47.99% in Q2 2026: it spent about 48 cents in noninterest expense for each dollar of revenue. The peer median is 63.74%, and lower is better.
Is Turtle Mountain State Bank growing its loans?
Net loans grew 3.0% over the year to Q2 2026, while deposits shrank 16.2%.
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 ND 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 North Dakota bank ranked.