Home State Bank: how it compares with its peers
Against 105 MN banks with half to twice its assets, Home State Bank's strongest measure in Q2 2026 is net interest margin (3.97% vs. a 3.99% peer median). Its weakest relative measure is assets per employee ($5.3M vs. $7.4M).
| Measure | Home State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.18% | 1.30% | Middle third Ahead of 44% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.97% | 3.99% | Middle third Ahead of 46% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.52% | 61.83% | Bottom third Ahead of 27% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.3M | $7.4M | Bottom third Ahead of 13% of peers |
| Loans to deposits Net loans and leases over total deposits. | 62.18% | 76.64% | Context |
What it means for lending operations
Its efficiency ratio of 70.52% is above the 61.83% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Lakeview Bank Lakeville, MN · $218M
- Commerce Bank Geneva, MN · $220M
- F & M Community Bank, National Association Preston, MN · $211M
- Eagle Bank Glenwood, MN · $227M
- ESB Bank Caledonia, MN · $209M
- The Wanda State Bank Wanda, MN · $230M
Questions about Home State Bank
How big is Home State Bank?
Home State Bank, established in 1926, is headquartered in Litchfield, MN. It reported $219M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Home State Bank's return on assets?
1.18% annualized in Q2 2026, against a 1.30% median for 105 MN banks with half to twice its assets, ahead of 44% of them.
What is Home State Bank's efficiency ratio?
70.52% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 61.83%, and lower is better.
Is Home State Bank growing its loans?
Net loans grew 1.6% over the year to Q2 2026, while deposits grew 8.7%.
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.