21st Century Bank: how it compares with its peers
Against 46 MN banks with half to twice its assets, 21st Century Bank's strongest measure in Q2 2026 is assets per employee ($14.0M vs. a $8.0M peer median). Its weakest relative measure is net interest margin (3.63% vs. 3.92%).
| Measure | 21st Century Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.31% | 1.41% | Middle third Ahead of 41% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.63% | 3.92% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 49.84% | 58.08% | Top third Ahead of 76% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $14.0M | $8.0M | Top third Ahead of 93% of peers |
| Loans to deposits Net loans and leases over total deposits. | 101.19% | 85.12% | Context |
What it means for lending operations
Its efficiency ratio of 49.84% is better than the 58.08% 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
- Pioneer Bank Mapleton, MN · $884M
- VersaBank USA National Association Holdingford, MN · $912M
- Falcon National Bank Foley, MN · $872M
- First National Bank North Walker, MN · $864M
- Vermillion State Bank Vermillion, MN · $931M
- United Prairie Bank Mountain Lake, MN · $939M
Questions about 21st Century Bank
How big is 21st Century Bank?
21st Century Bank, established in 1917, is headquartered in Loretto, MN. It reported $895M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is 21st Century Bank's return on assets?
1.31% annualized in Q2 2026, against a 1.41% median for 46 MN banks with half to twice its assets, ahead of 41% of them.
What is 21st Century Bank's efficiency ratio?
49.84% in Q2 2026: it spent about 50 cents in noninterest expense for each dollar of revenue. The peer median is 58.08%, and lower is better.
Is 21st Century Bank growing its loans?
Net loans grew 9.5% over the year to Q2 2026, while deposits grew 5.5%.
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.