Glenwood State Bank (Incorporated): how it compares with its peers
Against 79 MN banks with half to twice its assets, Glenwood State Bank (Incorporated)'s strongest measure in Q2 2026 is return on assets (1.70% vs. a 1.35% peer median). Its weakest relative measure is assets per employee ($7.6M vs. $7.8M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.70% | 1.35% | Top third Ahead of 80% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.92% | 3.94% | Middle third Ahead of 48% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.46% | 61.72% | Middle third Ahead of 54% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.6M | $7.8M | Middle third Ahead of 46% of peers |
| Loans to deposits Net loans and leases over total deposits. | 103.13% | 84.21% | Context |
What it means for lending operations
Its efficiency ratio of 58.46% is better than the 61.72% 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
- Northern State Bank of Thief River Falls Thief River Falls, MN · $550M
- Community Bank Mankato Vernon Center, MN · $538M
- Luminate Bank Minneapolis, MN · $555M
- Community Resource Bank Northfield, MN · $556M
- Profinium, Inc. Truman, MN · $533M
- Lake Elmo Bank Lake Elmo, MN · $530M
Questions about Glenwood State Bank (Incorporated)
How big is Glenwood State Bank (Incorporated)?
Glenwood State Bank (Incorporated), established in 1907, is headquartered in Glenwood, MN. It reported $545M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Glenwood State Bank (Incorporated)'s return on assets?
1.70% annualized in Q2 2026, against a 1.35% median for 79 MN banks with half to twice its assets, ahead of 80% of them.
What is Glenwood State Bank (Incorporated)'s efficiency ratio?
58.46% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 61.72%, and lower is better.
Is Glenwood State Bank (Incorporated) growing its loans?
Net loans shrank 3.5% over the year to Q2 2026, while deposits shrank 1.1%.
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 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.