The catalogue › United States › Plains › Minnesota
The state note · prepared 7 September 2026

Minnesota

223 banks and 81 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

223 banks filing · read from the 30 June 2026 Call Report
223
banks filing
$116B in assets
+4.8%
Loans, year over year
median; 47 above 10%, 63 shrinking
15.9%
CRE / loans
median
81.1%
Loans / deposits
median
0.53%
NPA / loans
median
9.8%
Equity / assets
median

Minnesota's 223 banks hold $116B in assets at 30 June 2026. Ameriprise Bank FSB is the largest at $25.5B, and the five largest hold 35% of the total; 18 institutions are above $1B, holding $61.3B.

Loans grew a median +4.8% in the year to 30 June 2026: 47 institutions grew faster than 10% and 63 shrank. The median bank lends 81% of its deposits and holds commercial real estate at 15.9% of loans. Nonperforming loans sit at a median 0.53% of the book, return on assets at 1.30%, and equity at 9.8% of assets.

12 of the 223 are in the catalogue, each read from its own filing beside the banks its size in the state: Ameriprise Bank FSB, Bridgewater Bank, Minnwest Bank, Merchants Bank National Association, Tradition Capital Bank, Midwest Bank, United Prairie Bank, Vermillion State Bank, Versabank USA National Association, 21st Century Bank, Pioneer Bank, Falcon National Bank.

Who holds the state's assetseach institution's share of the $116B the state's 223 hold; the largest first, amber in the catalogue
Ameriprise Bank FSB: 22.0%AB22%Bridgewater Bank: 4.6%BBFrandsen Bank & Trust: 3.2%FBStearns Bank National Association: 2.8%Minnwest Bank: 2.5%Merchants Bank National Association: 2.5%Tradition Capital Bank: 2.3%Think Mutual Bank: 1.9%Deerwood Bank: 1.3%Park State Bank: 1.3%213 others 56%ABAmeriprise Bank FSB22.0%BBBridgewater Bank4.6%FBFrandsen Bank & Trust3.2%SBStearns Bank National…2.8%MBMinnwest Bank2.5%MBMerchants Bank Nation…2.5%TCTradition Capital Bank2.3%TMThink Mutual Bank1.9%DBDeerwood Bank1.3%PSPark State Bank1.3%

Ameriprise Bank FSB holds 22.0% of the state's bank assets; the five largest hold 35%, and 18 of the 223 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestAmeriprise Bank FSB: 22% of the totalThe five largest35% of the totalThe ten largest44% of the totalGINI0.70 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 35% of the assets in 2% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
1-4 family residential, closed-end21.2%$14.3BCommercial & industrial16.9%$11.4BNonfarm nonresidential, non-owner-occupied13.6%$9.2BNonfarm nonresidential, owner-occupied12.6%$8.5BMultifamily8.1%$5.4BFarmland6.4%$4.3BConstruction & land6.2%$4.2BAgricultural production5.2%$3.5BHome equity lines3.5%$2.3BConsumer, other2.6%$1.7BOther loans and leases1.8%$1.2BAuto0.9%$627MStates & municipalities0.8%$515MCredit card0.2%$153M

1-4 family residential, closed-end is the largest category at 21.2% of the state's $67.2B in loans, then Commercial & industrial at 16.9% and Nonfarm nonresidential, non-owner-occupied at 13.6%.

Loans, year over yearMinnesota banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 223 · amber, in the catalogue
state median +4.8% VU Versabank USA National Association +387.3% ER Eagle Rock Bank +96.3% AB Ameriprise Bank FSB +71.8% GM Grand Marais State Bank +68.1% GI Global Innovations Bank +58.5% HB Harvest Bank +55.9% P Prinsbank +44.3% E Entrebank +42.0% SB Scale Bank +34.3% LB Luminate Bank +34.1% RS Randall State Bank +27.7% SB Sentry Bank +27.5% FN First National Bank of Bemidji +27.5% FR First Resource Bank +27.5% UM United Minnesota Bank +24.5% HB Hometown Bank +23.3% WN Western National Bank +23.3% FI First Independent Bank +22.6% WF Worthington FSB FSB +20.1% MB Midwest Bank +19.7% WN Western National Bank +18.2% SB State Bank of Easton +18.1% VS Vergas State Bank +18.1% LC Lake Country Community Bank +17.2% NS Northern State Bank of Gonvick +16.4%

Versabank USA National Association grew fastest at +387.3%; 47 grew faster than 10% and 63 shrank, Battle Bank National Association the most at -75.6%. The median is +4.8%.

Commercial real estate, share of loansMinnesota banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 223 · amber, in the catalogue
state median 15.9% BB Bridgewater Bank 67.5% NS North Star Bank 51.7% CB Commerce Bank 50.5% MB Midcountry Bank 49.8% PS Prime Security Bank 49.3% FB First Bank Elk River 48.2% PB Premier Bank Minnesota 47.9% PB Premier Bank 47.5% UB United Bankers Bank 46.3% CB Crown Bank 45.6% AB Alliance Bank 45.5% NA North American Banking Co. 45.3% AH American Heritage National Bank 44.7% SS Sterling State Bank 44.3% KC Key Community Bank 42.2% NB Northview Bank 42.0% WN Western National Bank 41.9% sC 21st Century Bank 41.5% ER Eagle Rock Bank 40.8% NB Northeast Bank 39.6% V Visionbank 39.3% CB Community Bank Mankato 39.1% FR First Resource Bank 38.4% MB Minnwest Bank 37.3% WN Western National Bank 37.0%

Bridgewater Bank is the most CRE-weighted at 67.5% of loans; 19 of the 223 are above 40%, against a median of 15.9%.

Commercial real estate against capital, the 300% screenMinnesota banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 223 · amber, in the catalogue
state median 93% 300% screen PS Prime Security Bank 484% BB Bridgewater Bank 441% CB Crown Bank 358% PB Premier Bank Minnesota 351% KC Key Community Bank 340% FB First Bank Elk River 334% CB Community Bank Mankato 333% PB Premier Bank 329% V Visionbank 329% AB Alliance Bank 327% FR First Resource Bank 325% NB Northview Bank 317% SS Sterling State Bank 312% ER Eagle Rock Bank 300% NS North Star Bank 299% TC Tradition Capital Bank 291% E Entrebank 291% MB Midwest Bank 285% SB Sentry Bank 284% CB Commerce Bank 282% WN Western National Bank 280% MB Minnstar Bank National Association 275% sC 21st Century Bank 273% NB Northeast Bank 263% HB Highland Bank 260%

13 of the 223 banks sit above the 300% screen, Prime Security Bank the highest at 484% of capital; the median is 93%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenMinnesota banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 223 · amber, in the catalogue
state median 25% 100% screen NB Northview Bank 189% SB Star Bank 163% VS Vergas State Bank 128% MB Midwest Bank 118% ER Eagle Rock Bank 114% TC Tradition Capital Bank 111% LB Luminate Bank 108% SS Sherburne State Bank 106% FS First Security Bank 106% RS Randall State Bank 102% HB Hometown Bank 98% WB Woodland Bank 92% AN American National Bank of Minneso… 91% PB Premier Bank 86% SB Sentry Bank 85% MK My Kind of Bank N.A. 83% FN Falcon National Bank 81% SB Stearns Bank National Association 79% PB Premier Bank Minnesota 77% GB Granite Bank 75% PB Pioneer Bank 72% CN Center National Bank 68% MB Minnstar Bank National Association 66% PR Pine River State Bank 66% NS North Shore Bank of Commerce 65%

10 of the 223 banks sit above the 100% construction screen, Northview Bank the highest at 189%; the median is 25%.

Loans to depositsMinnesota banks, 30 June 2026 · listed highest first · the 25 highest of 223 · amber, in the catalogue
state median 81% SB State Bank of New Richland 136% UB United Bankers Bank 123% V Visionbank 122% SB Scale Bank 121% CB Commerce Bank 119% FS First Southeast Bank 118% SB Stearns Bank National Association 118% UF United Farmers State Bank 113% UB Ultima Bank Minnesota 113% MB Midwest Bank 113% LS Lowry State Bank 111% AN American National Bank of Minneso… 111% LB Luminate Bank 110% B Bankvista 109% PB Platinum Bank 109% GB Granite Bank 108% Ms Minnesota 1st Credit & Savings Inc 108% HB Heritage Bank National Association 108% TC Tradition Capital Bank 107% RR Red River State Bank 107% BV Bonanza Valley State Bank 107% VB Vantage Bank 105% GS Glenwood State Bank Inc 104% ER Eagle Rock Bank 104% GT Grand Timber Bank 103%

37 of the 223 lend more than they hold in deposits, State Bank of New Richland the furthest at 136%; the median is 81%.

Nonperforming loans, share of loansMinnesota banks, 30 June 2026 · listed highest first · the 25 highest of 223 · amber, in the catalogue
state median 0.53% RR Red River State Bank 8.88% FN First National Bank of Fairfax 8.68% FS First State Bank of Bigfork 6.39% TS Triumph State Bank 5.00% DB Drake Bank 4.49% FM Farmers & Merchants State Bank Sp… 4.48% SS Security State Bank of Warroad 4.17% FM Farmers & Merchants State Bank Al… 4.15% SB State Bank of Taunton 4.06% HB Heritage Bank National Association 3.84% CS Citizens State Bank Norwood Young… 3.42% ML Minnesota Lakes Bank 3.18% LS Lowry State Bank 3.18% UB Union Bank & Trust Co. 3.13% FB Foresight Bank 3.04% UC United Community Bank 2.95% FS First State Bank of Rosemount 2.88% GT Grand Timber Bank 2.81% CB Concorde Bank 2.73% SB Stearns Bank National Association 2.65% FS First Security Bank 2.63% FS First Security Bank Sleepy Eye 2.60% HB Highland Bank 2.51% SB State Bank of Bellingham 2.50% LB Luminate Bank 2.33%

Red River State Bank carries the most nonperforming loans at 8.88% of the book; 71 of the 223 are above 1%, and the median is 0.53%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%1.00%2.00%3.00%4.00%5.00%NPA / loansAllowance / loansPPrinsbank+5.21%CRCastle Rock Bank+2.71%MCMarshall County State Bank+2.07%NSNorthern State Bank of Gonvick+2.04%SBState Bank of Faribault+1.82%SSSecurity State Bank of Oklee+1.74%ABAlliance Bank+1.64%FSFirst State Bank of Fountain+1.62%WSWelcome State Bank+1.55%FSFarmers State Bank of Hamel+1.49%SMST Martin National Bank+1.47%SSSherburne State Bank+1.41%MsMinnesota 1st Credit & Savings Inc+1.40%PBPremier Bank+1.39%AHAmerican Heritage National Bank+1.37%SBState Bank of Jeffers+1.36%LCLake Country Community Bank+1.34%VSVermillion State Bank+1.33%FFFirst Farmers & Merchants State B…+1.32%FNFirst National Bank at ST James+1.31%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 54 of the 223 hold an allowance smaller than their nonperforming loans.

Return on assetsMinnesota banks, 30 June 2026 · listed highest first · the 25 highest of 223 · amber, in the catalogue
state median 1.30% FM Farmers & Merchants State Bank Ap… 3.23% LB Luminate Bank 3.13% AB Ameriprise Bank FSB 3.04% P Prinsbank 3.01% WS Welcome State Bank 2.91% VS Vermillion State Bank 2.57% FN First National Bank North 2.55% MB Midwest Bank 2.46% EB Eagle Bank 2.40% SM ST Martin National Bank 2.40% SS Security State Bank of Marine 2.38% LC Lake Central Bank 2.34% SB Scale Bank 2.31% RR Red River State Bank 2.22% GR Grand Rapids State Bank 2.21% SB State Bank of Jeffers 2.20% SS Security State Bank of Wanamingo 2.20% V Visionbank 2.18% SC ST Clair State Bank Inc 2.15% SB Stearns Bank National Association 2.13% UF United Farmers State Bank 2.10% FN First National Bank of Moose Lake 2.09% AB Arcadian Bank 2.08% FS First Security Bank Canby 2.06% KB Keen Bank National Association 2.06%

Farmers & Merchants State Bank Applet earns the most at 3.23% and Battle Bank National Association the least at -7.50%; 23 of the 223 earn under 0.50%, and the median is 1.30%.

The efficiency ratio, with the return beside itMinnesota banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 223 · amber, in the catalogue
state median 61.6% RS Rushford State Bank Inc 4.2% ROA 0.41% AB Ameriprise Bank FSB 10.1% ROA 3.04% VS Vermillion State Bank 23.2% ROA 2.57% FM Farmers & Merchants State Bank Ap… 33.4% ROA 3.23% SC ST Clair State Bank Inc 37.2% ROA 2.15% SB State Bank of Jeffers 38.7% ROA 2.20% PB Premier Bank 39.6% ROA 1.99% V Visionbank 40.0% ROA 2.18% MB Midwest Bank 40.1% ROA 2.46% SB State Bank of New Richland 40.3% ROA 1.97% WS Welcome State Bank 40.4% ROA 2.91% VU Versabank USA National Association 42.0% ROA 1.20% SS Security State Bank of Marine 42.5% ROA 2.38% UF United Farmers State Bank 42.5% ROA 2.10% SS Sherburne State Bank 43.9% ROA 1.98% CR Castle Rock Bank 45.1% ROA 1.44% SS Security State Bank of Wanamingo 45.5% ROA 2.20% FN First National Bank of Mcintosh 45.5% ROA 1.66% EB Eagle Bank 46.4% ROA 2.40% NS Northern State Bank of Gonvick 46.6% ROA 1.58% HC Hometown Community Bank 47.5% ROA 1.85% MC Marshall County State Bank 47.7% ROA 1.46% LC Lake Central Bank 48.2% ROA 2.34% AH American Heritage National Bank 48.6% ROA 1.32% FN First National Bank North 48.7% ROA 2.55%

Rushford State Bank Inc runs the leanest at 4.2% of revenue in cost; 19 of the 223 spend more than 80 cents of every revenue dollar, and the median is 61.6%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Ameriprise Bank FSB$25.5B+71.8%0.0%11%0.18%3.04%5.8%
Bridgewater Bank$5.4B+6.8%67.5%101%0.49%1.31%11.7%
Frandsen Bank & Trust$3.7B-0.1%24.1%81%0.71%1.80%11.8%
Stearns Bank National Association$3.3B-9.4%27.8%118%2.65%2.13%16.3%
Minnwest Bank$2.9B+6.4%37.3%92%0.56%1.16%11.5%
Merchants Bank National Association$2.9B-1.5%34.0%83%0.53%1.24%11.9%
Tradition Capital Bank$2.7B+6.1%34.3%107%0.01%0.91%8.4%
Think Mutual Bank$2.2B-1.5%7.6%65%0.25%0.62%15.4%
Deerwood Bank$1.5B+3.2%21.4%69%0.29%1.77%8.9%
Park State Bank$1.5B+3.6%24.7%75%0.92%1.30%9.8%
North American Banking Co.$1.5B+3.0%45.3%72%0.51%2.03%6.8%
Citizens Alliance Bank$1.4B+4.0%31.7%83%1.48%0.20%9.9%
Security Bank & Trust Co.$1.3B+5.1%31.2%72%0.34%1.95%9.4%
Premier Bank$1.2B+8.3%47.5%85%0.00%1.99%9.6%
First Resource Bank$1.1B+27.5%38.4%88%0.09%0.80%9.3%
Five years, 2021 to 2026the 222 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$43.7B$66.8B+53%
Deposits, in total$68.4B$99.6B+46%
NPA / loans, median0.30%0.54%+0.24 pts
Efficiency, median61.6%61.7%+0.1 pts
ROA, median1.34%1.30%-0.04 pts

Small-business lending

SBA 7(a) approvals into Minnesota since FY2008, across every lender type

$9.8B of 7(a) credit has been approved into Minnesota since FY2008 across 29,265 loans. Manufacturing is the largest category at 16.5%, Retail trade at 11.3%, Accommodation & food services at 10.5%; the three together are 38% of the money. The heaviest losses fall in Arts, entertainment & recreation, at 3.15% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 444 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
ON Old National Bank 10.7% $1.1B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans FB Frandsen Bank and Trust 2.1% $204M · 476 loans MB Minnwest Bank 1.9% $192M · 360 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Manufacturing17.7%$1.6B · 3,227 loansRetail trade12.1%$1.1B · 3,757 loansAccommodation & food services11.3%$1.0B · 3,042 loansConstruction10.7%$981M · 3,673 loansHealth care & social assistance10.4%$951M · 2,592 loansWholesale trade7.8%$719M · 1,455 loansProfessional & technical services7.5%$688M · 2,713 loansOther services7.4%$683M · 2,482 loansTransportation & warehousing4.5%$414M · 1,331 loansAdministrative & waste services4.5%$409M · 1,484 loansArts, entertainment & recreation3.5%$319M · 947 loansReal estate & leasing2.6%$236M · 665 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Manufacturing$1.6B3,22716.5%$33M2.06%
Retail trade$1.1B3,75711.3%$33M2.93%
Accommodation & food services$1.0B3,04210.5%$25M2.38%
Construction$981M3,67310.0%$24M2.41%
Health care & social assistance$951M2,5929.7%$9M0.91%
Wholesale trade$719M1,4557.3%$18M2.46%
Professional & technical services$688M2,7137.0%$15M2.13%
Other services$683M2,4826.9%$10M1.42%
Transportation & warehousing$414M1,3314.2%$6M1.51%
Administrative & waste services$409M1,4844.2%$7M1.83%
Arts, entertainment & recreation$319M9473.2%$10M3.15%
Real estate & leasing$236M6652.4%$6M2.71%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Hennepin$2.9B8,294228
Ramsey$952M2,716139
Dakota$823M2,134160
Anoka$722M1,886136
Washington$420M1,317109
Stearns$387M1,16576
Saint Louis$247M75568
Scott$229M77996
Wright$228M72395
Carver$219M57886

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Minnesota institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Minnesota

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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