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Sherburne State Bank

Becker, MN · Cert 10169 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Saint Joseph Bancshares Acquisitions

State charter, non-member · FDIC · 1 affiliate bank · 4 branches (8 in holding)

Q2 2026

$351.1MAssets
$279.6MLoans
$289.5MDeposits
$30.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 13 of 53).
  • Widest gap: tier 1 capital ratio trails 85% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 45 of 53).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.97%

Rank 4 of 53

Net Interest Margin

4.40%

Rank 6 of 53

Efficiency Ratio

43.95%

Rank 4 of 53

Equity / Assets

8.73%

Rank 32 of 53

Non-interest income vs. expense

$3.2M$8.1MINCOMEEXPENSE
Unfavorable gap of $5.0M · efficiency ratio beats 94% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 43.95%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.97%0.73%1.11%1.30%Beats 92%4 / 53
Return on Equity22.61%7.88%12.20%14.12%Beats 96%2 / 53
Net Interest Margin4.40%3.39%3.77%4.09%Beats 89%6 / 53
Efficiency Ratio43.95%56.05%65.05%71.57%Beats 94%4 / 53
Asset Quality
Nonperforming Loans / Loans0.02%0.14%0.52%1.20%Beats 89%7 / 53
Net Charge-Offs / Loans0.00%0.00%0.01%0.08%Beats 100%13 / 53
Capital
Tier 1 Capital Ratio10.24%10.73%12.98%15.08%Beats 15%45 / 53
Total Risk-Based Capital Ratio11.49%11.49%13.79%16.34%Beats 25%40 / 53
Equity / Assets8.73%8.08%9.25%10.72%Beats 40%32 / 53
Liquidity & Funding
Loans / Deposits96.58%72.13%82.29%93.80%79th pctl11 / 53
Loans / Assets79.65%63.64%71.80%79.37%75th pctl13 / 53
Brokered Deposits / Depositsn/aNot reported for this institution