Security State Bank of Warroad: how it compares with its peers
Against 99 MN banks with half to twice its assets, Security State Bank of Warroad's strongest measure in Q2 2026 is assets per employee ($8.6M vs. a $7.1M peer median). Its weakest relative measure is return on assets (0.69% vs. 1.26%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.69% | 1.26% | Bottom third Ahead of 15% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.68% | 4.05% | Bottom third Ahead of 24% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.86% | 61.21% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.6M | $7.1M | Top third Ahead of 77% of peers |
| Loans to deposits Net loans and leases over total deposits. | 56.34% | 79.75% | Context |
What it means for lending operations
Its efficiency ratio of 69.86% is above the 61.21% 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
- The First National Bank of Cokato Cokato, MN · $138M
- Farmers and Merchants State Bank of Springfield Springfield, MN · $140M
- First Farmers & Merchants National Bank Fairmont, MN · $140M
- Northwoods Bank of Minnesota Park Rapids, MN · $141M
- Western National Bank Duluth, MN · $136M
- Valley Premier Bank Hawley, MN · $141M
Questions about Security State Bank of Warroad
How big is Security State Bank of Warroad?
Security State Bank of Warroad, established in 1912, is headquartered in Warroad, MN. It reported $138M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Security State Bank of Warroad's return on assets?
0.69% annualized in Q2 2026, against a 1.26% median for 99 MN banks with half to twice its assets, ahead of 15% of them.
What is Security State Bank of Warroad's efficiency ratio?
69.86% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 61.21%, and lower is better.
Is Security State Bank of Warroad growing its loans?
Net loans grew 3.1% over the year to Q2 2026, while deposits shrank 4.4%.
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.