State Bank of Fairmont: how it compares with its peers
Against 101 MN banks with half to twice its assets, State Bank of Fairmont's strongest measure in Q2 2026 is efficiency ratio (52.79% vs. a 60.88% peer median). Its weakest relative measure is net interest margin (3.88% vs. 4.05%).
| Measure | State Bank of Fairmont | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.74% | 1.30% | Top third Ahead of 74% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.88% | 4.05% | Middle third Ahead of 38% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.79% | 60.88% | Top third Ahead of 83% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.1M | $7.1M | Top third Ahead of 82% of peers |
| Loans to deposits Net loans and leases over total deposits. | 75.11% | 77.94% | Context |
What it means for lending operations
Its efficiency ratio of 52.79% is better than the 60.88% 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
- Prime Security Bank Karlstad, MN · $154M
- Lake Region Bank New London, MN · $153M
- Security State Bank of Hibbing Hibbing, MN · $152M
- Perennial Bank Darwin, MN · $158M
- First Southeast Bank Harmony, MN · $158M
- First Security Bank Byron, MN · $162M
Questions about State Bank of Fairmont
How big is State Bank of Fairmont?
State Bank of Fairmont, established in 1917, is headquartered in Fairmont, MN. It reported $154M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is State Bank of Fairmont's return on assets?
1.74% annualized in Q2 2026, against a 1.30% median for 101 MN banks with half to twice its assets, ahead of 74% of them.
What is State Bank of Fairmont's efficiency ratio?
52.79% in Q2 2026: it spent about 53 cents in noninterest expense for each dollar of revenue. The peer median is 60.88%, and lower is better.
Is State Bank of Fairmont growing its loans?
Net loans shrank 4.2% over the year to Q2 2026, while deposits grew 8.9%.
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 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.