Keen Bank, National Association: how it compares with its peers
Against 104 MN banks with half to twice its assets, Keen Bank, National Association's strongest measure in Q2 2026 is net interest margin (5.12% vs. a 4.02% peer median). Its weakest relative measure is assets per employee ($5.7M vs. $7.2M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.04% | 1.31% | Top third Ahead of 88% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.12% | 4.02% | Top third Ahead of 95% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.49% | 62.07% | Top third Ahead of 69% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.7M | $7.2M | Bottom third Ahead of 23% of peers |
| Loans to deposits Net loans and leases over total deposits. | 80.88% | 76.47% | Context |
What it means for lending operations
Its efficiency ratio of 56.49% is better than the 62.07% 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
- Farmers State Bank of Hamel Hamel, MN · $198M
- Minnstar Bank National Association Lake Crystal, MN · $204M
- New Market Bank Elko New Market, MN · $196M
- Wadena State Bank Wadena, MN · $207M
- Grand Marais State Bank Grand Marais, MN · $207M
- ESB Bank Caledonia, MN · $209M
Questions about Keen Bank, National Association
How big is Keen Bank, National Association?
Keen Bank, National Association, established in 1902, is headquartered in Waseca, MN. It reported $201M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Keen Bank, National Association's return on assets?
2.04% annualized in Q2 2026, against a 1.31% median for 104 MN banks with half to twice its assets, ahead of 88% of them.
What is Keen Bank, National Association's efficiency ratio?
56.49% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 62.07%, and lower is better.
Is Keen Bank, National Association growing its loans?
Net loans grew 9.0% over the year to Q2 2026, while deposits grew 7.2%.
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.