Farmers State Bank of Hoffman: how it compares with its peers
Against 31 MN banks with half to twice its assets, Farmers State Bank of Hoffman's strongest measure in Q2 2026 is efficiency ratio (64.25% vs. a 66.20% peer median). Its weakest relative measure is net interest margin (3.59% vs. 3.98%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.20% | 1.27% | Middle third Ahead of 45% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.59% | 3.98% | Bottom third Ahead of 29% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.25% | 66.20% | Middle third Ahead of 55% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.1M | $6.7M | Middle third Ahead of 39% of peers |
| Loans to deposits Net loans and leases over total deposits. | 47.16% | 66.61% | Context |
What it means for lending operations
Its efficiency ratio of 64.25% is better than the 66.20% 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
- State Bank of Jeffers Jeffers, MN · $37M
- Western National Bank Cass Lake, MN · $37M
- The First National Bank at St. James Saint James, MN · $38M
- The First National Bank of Fairfax Fairfax, MN · $36M
- The First National Bank of Proctor Proctor, MN · $34M
Questions about Farmers State Bank of Hoffman
How big is Farmers State Bank of Hoffman?
Farmers State Bank of Hoffman, established in 1911, is headquartered in Hoffman, MN. It reported $37M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers State Bank of Hoffman's return on assets?
1.20% annualized in Q2 2026, against a 1.27% median for 31 MN banks with half to twice its assets, ahead of 45% of them.
What is Farmers State Bank of Hoffman's efficiency ratio?
64.25% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 66.20%, and lower is better.
Is Farmers State Bank of Hoffman growing its loans?
Net loans shrank 1.1% over the year to Q2 2026, while deposits shrank 3.3%.
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.