Park State Bank: how it compares with its peers
Against 24 MN banks with half to twice its assets, Park State Bank's strongest measure in Q2 2026 is efficiency ratio (48.58% vs. a 57.63% peer median). Its weakest relative measure is net interest margin (3.35% vs. 3.83%).
| Measure | Park State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.30% | 1.29% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.35% | 3.83% | Bottom third Ahead of 29% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.58% | 57.63% | Top third Ahead of 83% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.4M | $8.5M | Middle third Ahead of 58% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.09% | 84.16% | Context |
What it means for lending operations
Its efficiency ratio of 48.58% is better than the 57.63% 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
- North American Banking Company Roseville, MN · $1.47B
- Deerwood Bank Waite Park, MN · $1.52B
- Citizens Alliance Bank Clara City, MN · $1.44B
- Security Bank & Trust Company Glencoe, MN · $1.33B
- Premier Bank Maplewood, MN · $1.18B
- First Resource Bank Lino Lakes, MN · $1.08B
Questions about Park State Bank
How big is Park State Bank?
Park State Bank, established in 1916, is headquartered in Duluth, MN. It reported $1.49B in total assets in its Q2 2026 FDIC call report and operates 17 offices.
What is Park State Bank's return on assets?
1.30% annualized in Q2 2026, against a 1.29% median for 24 MN banks with half to twice its assets, ahead of 50% of them.
What is Park State Bank's efficiency ratio?
48.58% in Q2 2026: it spent about 49 cents in noninterest expense for each dollar of revenue. The peer median is 57.63%, and lower is better.
Is Park State Bank growing its loans?
Net loans grew 3.6% over the year to Q2 2026, while deposits grew 4.3%.
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.