State Bank of Lake Park: how it compares with its peers
Against 49 MN banks with half to twice its assets, State Bank of Lake Park's strongest measure in Q2 2026 is return on assets (1.38% vs. a 1.26% peer median). Its weakest relative measure is net interest margin (3.74% vs. 3.98%).
| Measure | State Bank of Lake Park | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.38% | 1.26% | Middle third Ahead of 59% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.74% | 3.98% | Middle third Ahead of 41% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.53% | 62.37% | Middle third Ahead of 57% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.7M | $7.1M | Middle third Ahead of 45% of peers |
| Loans to deposits Net loans and leases over total deposits. | 60.72% | 70.19% | Context |
What it means for lending operations
Its efficiency ratio of 60.53% is better than the 62.37% 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
- The First National Bank of McIntosh Mcintosh, MN · $47M
- State Bank of Taunton Taunton, MN · $47M
- Farmers and Merchants State Bank of Alpha Alpha, MN · $47M
- State Bank of Bellingham Bellingham, MN · $46M
- Marshall County State Bank Newfolden, MN · $45M
- Security State Bank of Oklee Oklee, MN · $49M
Questions about State Bank of Lake Park
How big is State Bank of Lake Park?
State Bank of Lake Park, established in 1926, is headquartered in Lake Park, MN. It reported $47M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is State Bank of Lake Park's return on assets?
1.38% annualized in Q2 2026, against a 1.26% median for 49 MN banks with half to twice its assets, ahead of 59% of them.
What is State Bank of Lake Park's efficiency ratio?
60.53% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 62.37%, and lower is better.
Is State Bank of Lake Park growing its loans?
Net loans grew 12.7% over the year to Q2 2026, while deposits grew 7.5%.
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.