State Bank of New Richland: how it compares with its peers
Against 97 MN banks with half to twice its assets, State Bank of New Richland's strongest measure in Q2 2026 is efficiency ratio (40.28% vs. a 61.48% peer median). Its weakest relative measure is net interest margin (3.55% vs. 4.07%).
| Measure | State Bank of New Richland | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.97% | 1.24% | Top third Ahead of 90% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.55% | 4.07% | Bottom third Ahead of 16% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 40.28% | 61.48% | Top third Ahead of 98% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.3M | $7.1M | Top third Ahead of 94% of peers |
| Loans to deposits Net loans and leases over total deposits. | 134.85% | 79.21% | Context |
What it means for lending operations
Its efficiency ratio of 40.28% is better than the 61.48% 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
- COMMUNITY FIRST BANK Menahga, MN · $126M
- Key Community Bank Inver Grove Heights, MN · $121M
- Heritage Bank Minnesota West Concord, MN · $121M
- Global Innovations Bank Kiester, MN · $120M
- The First National Bank of Bagley Bagley, MN · $129M
- MINNESOTA LAKES BANK Delano, MN · $130M
Questions about State Bank of New Richland
How big is State Bank of New Richland?
State Bank of New Richland, established in 1898, is headquartered in New Richland, MN. It reported $124M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is State Bank of New Richland's return on assets?
1.97% annualized in Q2 2026, against a 1.24% median for 97 MN banks with half to twice its assets, ahead of 90% of them.
What is State Bank of New Richland's efficiency ratio?
40.28% in Q2 2026: it spent about 40 cents in noninterest expense for each dollar of revenue. The peer median is 61.48%, and lower is better.
Is State Bank of New Richland growing its loans?
Net loans shrank 1.1% over the year to Q2 2026, while deposits grew 7.0%.
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.