Harvest Bank: how it compares with its peers
Against 91 MN banks with half to twice its assets, Harvest Bank's strongest measure in Q2 2026 is efficiency ratio (64.81% vs. a 61.04% peer median). Its weakest relative measure is net interest margin (3.52% vs. 3.97%).
| Measure | Harvest Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.03% | 1.35% | Bottom third Ahead of 27% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.52% | 3.97% | Bottom third Ahead of 23% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.81% | 61.04% | Middle third Ahead of 40% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.6M | $7.5M | Middle third Ahead of 36% of peers |
| Loans to deposits Net loans and leases over total deposits. | 75.39% | 82.04% | Context |
What it means for lending operations
Its efficiency ratio of 64.81% is above the 61.04% 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
- Granite Bank Cold Spring, MN · $353M
- Sherburne Bank Becker, MN · $351M
- United Community Bank Perham, MN · $359M
- Heritage Bank National Association Spicer, MN · $361M
- ProGrowth Bank Nicollet, MN · $365M
- First Bank Elk River Elk River, MN · $369M
Questions about Harvest Bank
How big is Harvest Bank?
Harvest Bank, established in 1901, is headquartered in Kimball, MN. It reported $355M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is Harvest Bank's return on assets?
1.03% annualized in Q2 2026, against a 1.35% median for 91 MN banks with half to twice its assets, ahead of 27% of them.
What is Harvest Bank's efficiency ratio?
64.81% in Q2 2026: it spent about 65 cents in noninterest expense for each dollar of revenue. The peer median is 61.04%, and lower is better.
Is Harvest Bank growing its loans?
Net loans grew 56.4% over the year to Q2 2026, while deposits grew 51.9%.
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.