ProGrowth Bank: how it compares with its peers
Against 89 MN banks with half to twice its assets, ProGrowth Bank's strongest measure in Q2 2026 is assets per employee ($10.7M vs. a $7.5M peer median). Its weakest relative measure is net interest margin (1.60% vs. 3.97%).
| Measure | ProGrowth Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -1.12% | 1.35% | Bottom third Ahead of 1% of peers |
| Net interest margin Annualized net interest income over earning assets. | 1.60% | 3.97% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 98.81% | 61.04% | Bottom third Ahead of 1% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.7M | $7.5M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 24.60% | 80.88% | Context |
What it means for lending operations
Its efficiency ratio of 98.81% 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
- Heritage Bank National Association Spicer, MN · $361M
- First Bank Elk River Elk River, MN · $369M
- United Community Bank Perham, MN · $359M
- Harvest Bank Kimball, MN · $355M
- Granite Bank Cold Spring, MN · $353M
- Sherburne Bank Becker, MN · $351M
Questions about ProGrowth Bank
How big is ProGrowth Bank?
ProGrowth Bank, established in 1903, is headquartered in Nicollet, MN. It reported $365M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is ProGrowth Bank's return on assets?
-1.12% annualized in Q2 2026, against a 1.35% median for 89 MN banks with half to twice its assets, ahead of 1% of them.
What is ProGrowth Bank's efficiency ratio?
98.81% in Q2 2026: it spent about 99 cents in noninterest expense for each dollar of revenue. The peer median is 61.04%, and lower is better.
Is ProGrowth Bank growing its loans?
Net loans shrank 0.9% over the year to Q2 2026, while deposits shrank 2.5%.
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.