Grand Marais State Bank: how it compares with its peers
Against 104 MN banks with half to twice its assets, Grand Marais State Bank's strongest measure in Q2 2026 is return on assets (1.71% vs. a 1.31% peer median). Its weakest relative measure is efficiency ratio (60.70% vs. 62.41%).
| Measure | Grand Marais State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.71% | 1.31% | Top third Ahead of 71% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.19% | 4.00% | Middle third Ahead of 63% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.70% | 62.41% | Middle third Ahead of 57% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $7.2M | Middle third Ahead of 60% of peers |
| Loans to deposits Net loans and leases over total deposits. | 68.44% | 76.51% | Context |
What it means for lending operations
Its efficiency ratio of 60.70% is better than the 62.41% 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
- Wadena State Bank Wadena, MN · $207M
- ESB Bank Caledonia, MN · $209M
- Minnstar Bank National Association Lake Crystal, MN · $204M
- F & M Community Bank, National Association Preston, MN · $211M
- Keen Bank, National Association Waseca, MN · $201M
- Farmers State Bank of Hamel Hamel, MN · $198M
Questions about Grand Marais State Bank
How big is Grand Marais State Bank?
Grand Marais State Bank, established in 1916, is headquartered in Grand Marais, MN. It reported $207M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Grand Marais State Bank's return on assets?
1.71% annualized in Q2 2026, against a 1.31% median for 104 MN banks with half to twice its assets, ahead of 71% of them.
What is Grand Marais State Bank's efficiency ratio?
60.70% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 62.41%, and lower is better.
Is Grand Marais State Bank growing its loans?
Net loans grew 68.1% over the year to Q2 2026, while deposits grew 75.7%.
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.