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Turtle Mountain State Bank: Return on Average Equity

23.39% Ranks #223 of 3,651 U.S. banks · 94th percentile

Data as of · sourced from FFIEC call reports. How we update

Turtle Mountain State Bank reported a return on average equity of 23.39% as of Q2 2026, ranking #223 of 3,651 U.S. banks (94th percentile). Return on Equity (ROE) is the rate of return banks earn on common shareholders' equity, the standard equity-investor measure of bank profitability.

12-Quarter Trend

Q3 2023 Latest
Q2 2026 23.39%
Q1 2026 15.48%
Q4 2025 23.17%
Q3 2025 25.73%
Q2 2025 37.02%
Q1 2025 24.57%
Q4 2024 39.66%
Q3 2024 47.99%
Q2 2024 60.72%
Q1 2024 43.54%
Q4 2023 64.20%
Q3 2023 68.36%

National Context

Latest value 23.39%
National rank#223 of 3,651
Percentile 94th
12-quarter low15.48%
12-quarter high68.36%
Full rankingView leaderboard

What is the Return on Average Equity?

Return on Average Equity measures net income against the bank's average shareholders' equity. It is the most-watched profitability metric for equity investors, the rate of return earned on the shareholders' invested capital.

Most healthy US community banks report ROE between 8% and 15%. Above 15% is excellent. Below 6% means the bank is likely destroying value relative to its cost of equity (typically estimated at 8–10% for community banks).

Full definition & formula →

Frequently asked questions

What is Turtle Mountain State Bank's Return on Average Equity?

Turtle Mountain State Bank's Return on Average Equity was 23.39% as of Q2 2026, ranking #223 of 3,651 U.S. banks.

What is the Return on Average Equity?

Return on Average Equity measures net income against the bank's average shareholders' equity. It is the most-watched profitability metric for equity investors, the rate of return earned on the shareholders' invested capital.

Source: FFIEC call reports, standardized by BankRegReports. Values are point-in-time as filed. See the full Turtle Mountain State Bank profile or how this data updates. The figures come from the bank's call report.

Regulator records: FDIC BankFind (cert 58586) · FFIEC NIC profile (RSSD 3626184)