First State Bank of Le Center: how it compares with its peers
Against 93 MN banks with half to twice its assets, First State Bank of Le Center's strongest measure in Q2 2026 is return on assets (1.86% vs. a 1.20% peer median). Its weakest relative measure is assets per employee ($6.5M vs. $7.1M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.86% | 1.20% | Top third Ahead of 89% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.69% | 4.12% | Top third Ahead of 84% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.05% | 61.64% | Top third Ahead of 73% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.5M | $7.1M | Middle third Ahead of 42% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.26% | 79.21% | Context |
What it means for lending operations
Its efficiency ratio of 56.05% is better than the 61.64% 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
- Red River State Bank Halstad, MN · $110M
- The First National Bank of Coleraine Coleraine, MN · $112M
- Security State Bank of Wanamingo Wanamingo, MN · $113M
- Produce State Bank Hollandale, MN · $107M
- Farmers State Bank of Underwood Underwood, MN · $114M
- Prairie Sun Bank Milan, MN · $107M
Questions about First State Bank of Le Center
How big is First State Bank of Le Center?
First State Bank of Le Center, established in 1902, is headquartered in Le Center, MN. It reported $110M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First State Bank of Le Center's return on assets?
1.86% annualized in Q2 2026, against a 1.20% median for 93 MN banks with half to twice its assets, ahead of 89% of them.
What is First State Bank of Le Center's efficiency ratio?
56.05% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 61.64%, and lower is better.
Is First State Bank of Le Center growing its loans?
Net loans grew 9.5% over the year to Q2 2026, while deposits shrank 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.