The Northern State Bank of Gonvick: how it compares with its peers
Against 53 MN banks with half to twice its assets, The Northern State Bank of Gonvick's strongest measure in Q2 2026 is efficiency ratio (46.63% vs. a 61.96% peer median). Its weakest relative measure is net interest margin (3.18% vs. 3.98%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.55% | 1.24% | Top third Ahead of 74% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.18% | 3.98% | Bottom third Ahead of 13% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 46.63% | 61.96% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.1M | $7.2M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 44.35% | 72.85% | Context |
What it means for lending operations
Its efficiency ratio of 46.63% is better than the 61.96% 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
- Security State Bank of Oklee Oklee, MN · $49M
- Farmers and Merchants State Bank of Alpha Alpha, MN · $47M
- The First National Bank of McIntosh Mcintosh, MN · $47M
- State Bank of Lake Park Lake Park, MN · $47M
- State Bank of Taunton Taunton, MN · $47M
- State Bank of Bellingham Bellingham, MN · $46M
Questions about The Northern State Bank of Gonvick
How big is The Northern State Bank of Gonvick?
The Northern State Bank of Gonvick, established in 1928, is headquartered in Gonvick, MN. It reported $51M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The Northern State Bank of Gonvick's return on assets?
1.55% annualized in Q2 2026, against a 1.24% median for 53 MN banks with half to twice its assets, ahead of 74% of them.
What is The Northern State Bank of Gonvick's efficiency ratio?
46.63% in Q2 2026: it spent about 47 cents in noninterest expense for each dollar of revenue. The peer median is 61.96%, and lower is better.
Is The Northern State Bank of Gonvick growing its loans?
Net loans grew 17.2% over the year to Q2 2026, while deposits grew 0.9%.
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.