Peoples State Bank of Velva: how it compares with its peers
Against 23 ND banks with half to twice its assets, Peoples State Bank of Velva's strongest measure in Q2 2026 is assets per employee ($11.1M vs. a $7.9M peer median). Its weakest relative measure is efficiency ratio (56.80% vs. 56.07%).
| Measure | Peoples State Bank of Velva | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.58% | 1.50% | Middle third Ahead of 57% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.82% | 3.84% | Middle third Ahead of 48% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.80% | 56.07% | Middle third Ahead of 43% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.1M | $7.9M | Top third Ahead of 74% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.75% | 71.13% | Context |
What it means for lending operations
Its efficiency ratio of 56.80% is above the 56.07% 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
- State Bank & Trust of Kenmare Kenmare, ND · $201M
- Horizon Financial Bank Munich, ND · $201M
- First National Bank and Trust Co. of Bottineau Bottineau, ND · $176M
- The Goose River Bank Mayville, ND · $173M
- Merchants Bank Rugby, ND · $254M
- Union State Bank of Hazen Hazen, ND · $257M
Questions about Peoples State Bank of Velva
How big is Peoples State Bank of Velva?
Peoples State Bank of Velva, established in 1915, is headquartered in Velva, ND. It reported $210M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Peoples State Bank of Velva's return on assets?
1.58% annualized in Q2 2026, against a 1.50% median for 23 ND banks with half to twice its assets, ahead of 57% of them.
What is Peoples State Bank of Velva's efficiency ratio?
56.80% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 56.07%, and lower is better.
Is Peoples State Bank of Velva growing its loans?
Net loans grew 17.8% over the year to Q2 2026, while deposits grew 22.1%.
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 ND 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 North Dakota bank ranked.