Produce State Bank: how it compares with its peers
Against 90 MN banks with half to twice its assets, Produce State Bank's strongest measure in Q2 2026 is net interest margin (4.54% vs. a 4.12% peer median). Its weakest relative measure is assets per employee ($4.9M vs. $7.1M).
| Measure | Produce State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.31% | 1.21% | Middle third Ahead of 56% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.54% | 4.12% | Top third Ahead of 73% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.72% | 61.61% | Middle third Ahead of 43% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.9M | $7.1M | Bottom third Ahead of 10% of peers |
| Loans to deposits Net loans and leases over total deposits. | 62.59% | 79.86% | Context |
What it means for lending operations
Its efficiency ratio of 63.72% is above the 61.61% 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
- Prairie Sun Bank Milan, MN · $107M
- First State Bank Minnesota Le Roy, MN · $106M
- Hometown Community Bank Cyrus, MN · $106M
- Red River State Bank Halstad, MN · $110M
- First State Bank of Le Center Le Center, MN · $110M
- Community Bank Owatonna Owatonna, MN · $103M
Questions about Produce State Bank
How big is Produce State Bank?
Produce State Bank, established in 1926, is headquartered in Hollandale, MN. It reported $107M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Produce State Bank's return on assets?
1.31% annualized in Q2 2026, against a 1.21% median for 90 MN banks with half to twice its assets, ahead of 56% of them.
What is Produce State Bank's efficiency ratio?
63.72% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 61.61%, and lower is better.
Is Produce State Bank growing its loans?
Net loans grew 12.1% over the year to Q2 2026, while deposits grew 0.3%.
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.