Heartland State Bank: how it compares with its peers
Against 21 ND banks with half to twice its assets, Heartland State Bank's strongest measure in Q2 2026 is assets per employee ($6.9M vs. a $7.8M peer median). Its weakest relative measure is return on assets (0.67% vs. 1.21%).
| Measure | Heartland State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.67% | 1.21% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.05% | 3.77% | Bottom third Ahead of 5% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 78.40% | 64.79% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $7.8M | Middle third Ahead of 43% of peers |
| Loans to deposits Net loans and leases over total deposits. | 42.44% | 64.03% | Context |
What it means for lending operations
Its efficiency ratio of 78.40% is above the 64.79% 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
- Bank of Hazelton Hazelton, ND · $76M
- First Security Bank - West Beulah, ND · $75M
- Citizens State Bank of Lankin Lankin, ND · $72M
- The Citizens State Bank at Mohall Mohall, ND · $80M
- Peoples State Bank Westhope, ND · $70M
- State Bank of Lakota Lakota, ND · $64M
Questions about Heartland State Bank
How big is Heartland State Bank?
Heartland State Bank, established in 1921, is headquartered in Edgeley, ND. It reported $76M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Heartland State Bank's return on assets?
0.67% annualized in Q2 2026, against a 1.21% median for 21 ND banks with half to twice its assets, ahead of 0% of them.
What is Heartland State Bank's efficiency ratio?
78.40% in Q2 2026: it spent about 78 cents in noninterest expense for each dollar of revenue. The peer median is 64.79%, and lower is better.
Is Heartland State Bank growing its loans?
Net loans shrank 13.3% over the year to Q2 2026, while deposits grew 6.4%.
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.