The Farmers State Bank of Turton: how it compares with its peers
Against 12 SD banks with half to twice its assets, The Farmers State Bank of Turton's strongest measure in Q2 2026 is assets per employee ($8.2M vs. a $7.5M peer median). Its weakest relative measure is return on assets (0.23% vs. 1.36%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.23% | 1.36% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.65% | 4.06% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 92.93% | 65.56% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.2M | $7.5M | Top third Ahead of 75% of peers |
| Loans to deposits Net loans and leases over total deposits. | 61.40% | 43.70% | Context |
What it means for lending operations
Its efficiency ratio of 92.93% is above the 65.56% 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
- The Farmers and Merchants State Bank Scotland, SD · $36M
- Richland State Bank Bruce, SD · $50M
- Bryant State Bank Bryant, SD · $53M
- The First National Bank of Frederick Frederick, SD · $29M
- Andes State Bank Lake Andes, SD · $28M
- Sunrise Bank Dakota Onida, SD · $58M
Questions about The Farmers State Bank of Turton
How big is The Farmers State Bank of Turton?
The Farmers State Bank of Turton, established in 1915, is headquartered in Turton, SD. It reported $41M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The Farmers State Bank of Turton's return on assets?
0.23% annualized in Q2 2026, against a 1.36% median for 12 SD banks with half to twice its assets, ahead of 0% of them.
What is The Farmers State Bank of Turton's efficiency ratio?
92.93% in Q2 2026: it spent about 93 cents in noninterest expense for each dollar of revenue. The peer median is 65.56%, and lower is better.
Is The Farmers State Bank of Turton growing its loans?
Net loans grew 17.7% over the year to Q2 2026, while deposits grew 0.1%.
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 SD 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 South Dakota bank ranked.