Citizens Bank Minnesota: how it compares with its peers
Against 75 MN banks with half to twice its assets, Citizens Bank Minnesota's strongest measure in Q2 2026 is efficiency ratio (67.13% vs. a 61.72% peer median). Its weakest relative measure is net interest margin (3.17% vs. 3.96%).
| Measure | Citizens Bank Minnesota | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.85% | 1.35% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.17% | 3.96% | Bottom third Ahead of 11% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.13% | 61.72% | Bottom third Ahead of 29% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.5M | $7.8M | Bottom third Ahead of 23% of peers |
| Loans to deposits Net loans and leases over total deposits. | 80.52% | 85.46% | Context |
What it means for lending operations
Its efficiency ratio of 67.13% is above the 61.72% 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
- North Shore Bank of Commerce Duluth, MN · $599M
- American Heritage National Bank Long Prairie, MN · $605M
- WNB FINANCIAL, N.A. Winona, MN · $584M
- Scale Bank Edina, MN · $627M
- First Independent Bank Russell, MN · $632M
- Community Resource Bank Northfield, MN · $556M
Questions about Citizens Bank Minnesota
How big is Citizens Bank Minnesota?
Citizens Bank Minnesota, established in 1875, is headquartered in New Ulm, MN. It reported $596M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is Citizens Bank Minnesota's return on assets?
0.85% annualized in Q2 2026, against a 1.35% median for 75 MN banks with half to twice its assets, ahead of 17% of them.
What is Citizens Bank Minnesota's efficiency ratio?
67.13% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 61.72%, and lower is better.
Is Citizens Bank Minnesota growing its loans?
Net loans grew 3.4% over the year to Q2 2026, while deposits grew 1.1%.
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 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.