Minnesota bank rankings, Q2 2026
221 FDIC-insured banks are headquartered in Minnesota, holding $115.91B in combined assets as of Q2 2026. The median bank has $218M in assets, earns a 1.30% return on assets, and runs a 60.88% efficiency ratio.
Highest return on assets among community banks
- Luminate Bank Minneapolis 3.07%
- PrinsBank Prinsburg 2.99%
- Vermillion State Bank Vermillion 2.56%
- First National Bank North Walker 2.54%
- Midwest Bank Detroit Lakes 2.52%
- Eagle Bank Glenwood 2.44%
- Lake Central Bank Annandale 2.39%
- Security State Bank of Marine Marine On St. Croix 2.37%
- Scale Bank Edina 2.32%
- Grand Rapids State Bank Grand Rapids 2.22%
Most efficient community banks (lowest efficiency ratio)
- Rushford State Bank (Incorporated) Rushford 4.18%
- Vermillion State Bank Vermillion 23.23%
- St. Clair State Bank (Incorporated) Saint Clair 37.18%
- Premier Bank Maplewood 39.65%
- VisionBank Saint Louis Park 40.00%
- Midwest Bank Detroit Lakes 40.15%
- State Bank of New Richland New Richland 40.28%
- Security State Bank of Marine Marine On St. Croix 42.50%
- United Farmers State Bank Adams 42.52%
- Sherburne Bank Becker 43.95%
Top-ten lists include FDIC-designated community banks with at least $100M in assets; trust companies and specialty subsidiaries appear in the full table only.
Every Minnesota bank
| Bank | Assets | ROA | Efficiency | NIM |
|---|---|---|---|---|
| Ameriprise Bank, FSB Minneapolis | $25.48B | 3.05% | 9.99% | 4.44% |
| Bridgewater Bank Saint Louis Park | $5.38B | 1.30% | 51.09% | 3.09% |
| Frandsen Bank & Trust Lonsdale | $3.66B | 1.82% | 54.07% | 4.21% |
| Stearns Bank National Association Saint Cloud | $3.27B | 2.09% | 52.81% | 6.04% |
| Minnwest Bank Redwood Falls | $2.94B | 1.14% | 59.02% | 4.23% |
| Merchants Bank, National Association Winona | $2.88B | 1.23% | 63.53% | 3.65% |
| Tradition Capital Bank Wayzata | $2.72B | 0.91% | 53.77% | 2.94% |
| Think Mutual Bank Rochester | $2.23B | 0.63% | 75.72% | 2.85% |
| Deerwood Bank Waite Park | $1.52B | 1.79% | 56.82% | 4.14% |
| Park State Bank Duluth | $1.49B | 1.30% | 48.58% | 3.35% |
| North American Banking Company Roseville | $1.47B | 2.13% | 49.73% | 3.08% |
| Citizens Alliance Bank Clara City | $1.44B | 0.20% | 65.55% | 3.65% |
| Security Bank & Trust Company Glencoe | $1.33B | 1.96% | 48.62% | 3.79% |
| Premier Bank Maplewood | $1.18B | 1.95% | 39.65% | 4.44% |
| First Resource Bank Lino Lakes | $1.08B | 0.90% | 64.16% | 3.88% |
| The First National Bank of Bemidji Bemidji | $1.08B | 1.42% | 52.16% | 2.78% |
| MidCountry Bank Minneapolis | $1.07B | 1.03% | 61.72% | 3.97% |
| United Bankers' Bank Richfield | $1.05B | 1.28% | 71.33% | 3.10% |
| Midwest Bank Detroit Lakes | $985M | 2.52% | 40.15% | 4.26% |
| United Prairie Bank Mountain Lake | $939M | 1.45% | 58.25% | 4.11% |
| Vermillion State Bank Vermillion | $931M | 2.56% | 23.23% | 3.26% |
| VersaBank USA National Association Holdingford | $912M | 1.23% | 41.99% | 2.96% |
| 21st Century Bank Loretto | $895M | 1.31% | 49.84% | 3.63% |
| Pioneer Bank Mapleton | $884M | 1.57% | 57.01% | 4.18% |
| Falcon National Bank Foley | $872M | 1.20% | 61.03% | 4.56% |
| First National Bank North Walker | $864M | 2.54% | 48.72% | 4.50% |
| Northeast Bank Minneapolis | $837M | 1.49% | 64.34% | 4.08% |
| Highland Bank Saint Paul | $776M | 0.04% | 74.29% | 3.94% |
| Alliance Bank Lake City | $756M | 1.00% | 64.41% | 3.74% |
| Platinum Bank Oakdale | $739M | 1.53% | 58.05% | 4.24% |
| FM Bank Waseca | $738M | 1.42% | 52.39% | 3.39% |
| The Bank of Elk River Elk River | $719M | 0.83% | 69.71% | 3.55% |
| HomeTown Bank Carver | $692M | 0.85% | 70.18% | 4.25% |
| Premier Bank Minnesota Hastings | $691M | 1.93% | 57.99% | 4.49% |
| BankVista Sartell | $651M | 1.24% | 53.20% | 3.81% |
| First Independent Bank Russell | $632M | 1.55% | 49.30% | 3.92% |
| Scale Bank Edina | $627M | 2.32% | 59.30% | 7.69% |
| American Heritage National Bank Long Prairie | $605M | 1.36% | 48.61% | 3.68% |
| North Shore Bank of Commerce Duluth | $599M | 1.56% | 72.56% | 4.40% |
| Citizens Bank Minnesota New Ulm | $596M | 0.85% | 67.13% | 3.17% |
| WNB FINANCIAL, N.A. Winona | $584M | 1.00% | 67.82% | 3.45% |
| Community Resource Bank Northfield | $556M | 1.40% | 54.37% | 4.28% |
| Luminate Bank Minneapolis | $555M | 3.07% | 90.03% | 3.64% |
| Northern State Bank of Thief River Falls Thief River Falls | $550M | 1.10% | 53.73% | 2.57% |
| Glenwood State Bank (Incorporated) Glenwood | $545M | 1.70% | 58.46% | 3.92% |
| Community Bank Mankato Vernon Center | $538M | 1.01% | 58.10% | 3.51% |
| Profinium, Inc. Truman | $533M | 0.92% | 66.36% | 3.47% |
| Lake Elmo Bank Lake Elmo | $530M | 1.79% | 54.99% | 4.25% |
| EntreBank Bloomington | $527M | 1.68% | 51.28% | 4.31% |
| Eagle Rock Bank Rochester | $508M | 1.17% | 54.28% | 4.10% |
| First State Bank and Trust Bayport | $499M | 1.77% | 66.40% | 3.55% |
| First Farmers & Merchants Bank Cannon Falls | $486M | 1.36% | 48.87% | 4.14% |
| American National Bank of Minnesota Baxter | $473M | 1.35% | 65.04% | 4.20% |
| Northview Bank Sandstone | $470M | 1.57% | 64.01% | 5.01% |
| Sterling State Bank Austin | $462M | 0.98% | 74.23% | 3.54% |
| Kensington Bank Kensington | $447M | 1.30% | 50.75% | 4.35% |
| Star Bank Maple Lake | $446M | 0.52% | 61.94% | 5.05% |
| First National Bank Minnesota Saint Peter | $438M | 1.35% | 64.88% | 4.15% |
| Foresight Bank Plainview | $434M | 1.18% | 56.62% | 3.30% |
| Peoples State Bank of Plainview Plainview | $429M | 1.70% | 51.06% | 3.72% |
| My Kind of Bank, National Association Ottertail | $423M | 1.41% | 61.83% | 3.96% |
| Sentry Bank Saint Joseph | $415M | 1.26% | 52.98% | 3.99% |
| Village Bank Saint Francis | $412M | 0.67% | 74.21% | 3.61% |
| First State Bank Southwest Pipestone | $410M | 1.16% | 63.76% | 3.26% |
| Crown Bank Edina | $402M | 0.45% | 74.58% | 3.14% |
| BankCherokee Saint Paul | $402M | 0.15% | 73.86% | 4.07% |
| The Citizens National Bank of Park Rapids Park Rapids | $397M | 1.93% | 51.66% | 4.35% |
| Pine Country Bank Little Falls | $380M | 1.40% | 55.52% | 4.37% |
| North Star Bank Roseville | $379M | 1.35% | 62.39% | 3.71% |
| First Bank Elk River Elk River | $369M | 0.57% | 78.49% | 3.53% |
| ProGrowth Bank Nicollet | $365M | -1.12% | 98.81% | 1.60% |
| Heritage Bank National Association Spicer | $361M | -0.02% | 106.18% | 3.78% |
| United Community Bank Perham | $359M | 0.88% | 73.70% | 3.47% |
| Harvest Bank Kimball | $355M | 1.03% | 64.81% | 3.52% |
| Granite Bank Cold Spring | $353M | 1.37% | 88.25% | 4.63% |
| Sherburne Bank Becker | $351M | 2.01% | 43.95% | 4.74% |
| Farmers and Merchants State Bank of Pierz Pierz | $336M | 1.74% | 58.23% | 4.89% |
| Reliance Bank Faribault | $334M | 0.84% | 73.15% | 3.88% |
| Ultima Bank Minnesota Winger | $334M | 1.76% | 58.09% | 5.09% |
| Woodlands National Bank Hinckley | $331M | 0.63% | 74.73% | 3.14% |
| VIKING BANK, NATIONAL ASSOCIATION Alexandria | $330M | 1.72% | 55.75% | 4.16% |
| The State Bank of Faribault Faribault | $329M | 1.14% | 70.93% | 4.12% |
| Citizens Bank & Trust Co. Hutchinson | $329M | 1.21% | 62.43% | 3.19% |
| First Bank Blue Earth Blue Earth | $323M | 0.48% | 69.69% | 2.53% |
| Gateway Bank Mendota Heights | $320M | 1.36% | 65.70% | 3.99% |
| Citizens Independent Bank Saint Louis Park | $314M | 0.53% | 82.98% | 4.02% |
| Neighborhood National Bank Mora | $312M | 1.13% | 70.48% | 3.61% |
| PrinsBank Prinsburg | $308M | 2.99% | 56.23% | 4.42% |
| Minnesota National Bank Sauk Centre | $298M | 1.66% | 59.61% | 4.41% |
| Castle Rock Bank Castle Rock | $294M | 1.45% | 45.14% | 2.86% |
| The First National Bank of Milaca Milaca | $293M | 1.95% | 57.57% | 4.58% |
| Lake Central Bank Annandale | $291M | 2.39% | 48.23% | 4.30% |
| Citizens State Bank of Roseau Roseau | $291M | 1.54% | 53.29% | 3.38% |
| Liberty Bank Minnesota Saint Cloud | $290M | 1.04% | 74.00% | 3.16% |
| Security Bank USA Bemidji | $264M | 1.84% | 62.52% | 4.53% |
| Grand Rapids State Bank Grand Rapids | $261M | 2.22% | 59.42% | 5.43% |
| VisionBank Saint Louis Park | $254M | 2.13% | 40.00% | 3.67% |
| Union Bank and Trust Company Minneapolis | $253M | 0.87% | 73.86% | 4.02% |
| Drake Bank Saint Paul | $247M | -1.24% | 77.75% | 3.62% |
| Cornerstone State Bank Montgomery | $247M | 1.49% | 61.04% | 3.70% |
| First Farmers & Merchants National Bank Luverne | $243M | 1.26% | 53.03% | 4.05% |
| Center National Bank Litchfield | $243M | 1.41% | 65.97% | 3.98% |
| Arcadian Bank Hartland | $242M | 2.07% | 54.25% | 4.56% |
| BANKWEST Rockford | $240M | 1.32% | 65.05% | 4.25% |
| United Farmers State Bank Adams | $234M | 2.12% | 42.52% | 3.97% |
| Security State Bank of Marine Marine On St. Croix | $233M | 2.37% | 42.50% | 4.52% |
| The Wanda State Bank Wanda | $230M | 0.85% | 55.17% | 3.36% |
| Eagle Bank Glenwood | $227M | 2.44% | 46.40% | 4.34% |
| Commerce Bank Geneva | $220M | 1.30% | 50.78% | 2.99% |
| Home State Bank Litchfield | $219M | 1.18% | 70.52% | 3.97% |
| Lakeview Bank Lakeville | $218M | 1.12% | 58.89% | 4.29% |
| F & M Community Bank, National Association Preston | $211M | 1.06% | 71.05% | 3.82% |
| ESB Bank Caledonia | $209M | 1.54% | 53.02% | 3.55% |
| Grand Marais State Bank Grand Marais | $207M | 1.71% | 60.70% | 4.19% |
| Wadena State Bank Wadena | $207M | 1.85% | 54.70% | 4.40% |
| Minnstar Bank National Association Lake Crystal | $204M | 1.07% | 61.76% | 3.82% |
| Keen Bank, National Association Waseca | $201M | 2.04% | 56.49% | 5.12% |
| Farmers State Bank of Hamel Hamel | $198M | 0.87% | 61.58% | 2.64% |
| New Market Bank Elko New Market | $196M | 1.13% | 67.62% | 4.41% |
| Pine River State Bank Pine River | $185M | 0.92% | 74.89% | 3.71% |
| First Security Bank - Sleepy Eye Sleepy Eye | $183M | 1.54% | 56.77% | 3.51% |
| Battle Bank, National Association Upsala | $181M | -8.08% | 393.73% | 2.97% |
| Americana Community Bank Sleepy Eye | $180M | 0.62% | 75.94% | 4.30% |
| The First National Bank of Le Center Lonsdale | $178M | 1.57% | 50.98% | 3.75% |
| Woodland Bank Deer River | $177M | 1.01% | 71.76% | 4.85% |
| Freeport State Bank Freeport | $165M | 1.11% | 64.44% | 4.40% |
| Northwestern Bank, National Association Dilworth | $165M | 1.85% | 67.11% | 6.20% |
| First Security Bank Byron | $162M | 1.05% | 55.75% | 3.51% |
| First Southeast Bank Harmony | $158M | 1.60% | 58.23% | 4.12% |
| Perennial Bank Darwin | $158M | 1.00% | 59.65% | 2.99% |
| Prime Security Bank Karlstad | $154M | 1.00% | 71.57% | 3.77% |
| State Bank of Fairmont Fairmont | $154M | 1.74% | 52.79% | 3.88% |
| Lake Region Bank New London | $153M | 1.85% | 65.23% | 4.67% |
| Security State Bank of Hibbing Hibbing | $152M | 1.07% | 68.19% | 4.56% |
| The First State Bank of Rosemount Rosemount | $146M | 0.33% | 82.58% | 3.34% |
| Security Bank Minnesota Albert Lea | $145M | 1.21% | 59.71% | 4.64% |
| Citizens State Bank Norwood Young America Norwood Young America | $141M | 1.76% | 53.62% | 4.27% |
| Valley Premier Bank Hawley | $141M | 1.44% | 61.21% | 3.77% |
| Northwoods Bank of Minnesota Park Rapids | $141M | 1.05% | 73.69% | 4.01% |
| First Farmers & Merchants National Bank Fairmont | $140M | 1.02% | 62.89% | 4.17% |
| Farmers and Merchants State Bank of Springfield Springfield | $140M | 1.34% | 61.64% | 4.12% |
| Security State Bank of Warroad Warroad | $138M | 0.69% | 69.86% | 3.68% |
| The First National Bank of Cokato Cokato | $138M | 1.50% | 55.70% | 3.98% |
| Western National Bank Duluth | $136M | 0.14% | 92.94% | 4.02% |
| Worthington Federal Savings Bank, FSB Worthington | $135M | 0.61% | 67.01% | 3.00% |
| St. Clair State Bank (Incorporated) Saint Clair | $134M | 2.18% | 37.18% | 3.64% |
| The First National Bank of Moose Lake Moose Lake | $134M | 2.12% | 55.53% | 4.58% |
| MINNESOTA LAKES BANK Delano | $130M | 1.43% | 67.20% | 5.42% |
| The First National Bank of Bagley Bagley | $129M | 1.20% | 65.53% | 3.97% |
| COMMUNITY FIRST BANK Menahga | $126M | 1.84% | 56.04% | 3.99% |
| State Bank of New Richland New Richland | $124M | 1.97% | 40.28% | 3.55% |
| Key Community Bank Inver Grove Heights | $121M | -0.11% | 67.76% | 4.13% |
| Heritage Bank Minnesota West Concord | $121M | 0.85% | 74.43% | 3.85% |
| Global Innovations Bank Kiester | $120M | 1.37% | 71.29% | 4.16% |
| First State Bank of Bigfork Bigfork | $117M | 1.10% | 65.54% | 4.20% |
| Mid-Central National Bank Wadena | $117M | 0.60% | 82.05% | 5.24% |
| Rushford State Bank (Incorporated) Rushford | $115M | 0.40% | 4.18% | 0.43% |
| Security State Bank of Aitkin Aitkin | $114M | 0.94% | 75.50% | 3.97% |
| Farmers State Bank of Underwood Underwood | $114M | 1.66% | 60.80% | 4.77% |
| Security State Bank of Wanamingo Wanamingo | $113M | 2.21% | 45.51% | 4.24% |
| The First National Bank of Coleraine Coleraine | $112M | 0.65% | 70.17% | 3.11% |
| First State Bank of Le Center Le Center | $110M | 1.86% | 56.05% | 4.69% |
| Red River State Bank Halstad | $110M | 2.18% | 56.66% | 5.45% |
| Produce State Bank Hollandale | $107M | 1.31% | 63.72% | 4.54% |
| Prairie Sun Bank Milan | $107M | 1.36% | 60.62% | 4.19% |
| First State Bank Minnesota Le Roy | $106M | 1.94% | 51.52% | 4.63% |
| Hometown Community Bank Cyrus | $106M | 1.84% | 47.45% | 3.80% |
| Community Bank Owatonna Owatonna | $103M | 0.81% | 67.21% | 3.67% |
| Northern State Bank of Virginia Virginia | $102M | 1.15% | 60.88% | 4.65% |
| Currie State Bank Currie | $100M | 1.24% | 61.48% | 4.61% |
| Janesville State Bank Janesville | $99M | 1.54% | 53.76% | 3.58% |
| The First National Bank of Osakis Osakis | $98M | 1.12% | 70.82% | 3.95% |
| The Miners National Bank of Eveleth Eveleth | $97M | 1.03% | 65.58% | 4.31% |
| First Farmers & Merchants State Bank Brownsdale | $96M | 1.18% | 54.13% | 4.33% |
| Integrity Bank Plus Wabasso | $93M | 1.73% | 55.81% | 4.79% |
| Triumph State Bank Trimont | $93M | 1.56% | 52.53% | 5.13% |
| First Farmers & Merchants State Bank of Grand Meadow Grand Meadow | $93M | 1.15% | 56.26% | 4.45% |
| Concorde Bank Blomkest | $88M | 1.02% | 60.52% | 5.02% |
| The First State Bank of Red Wing Red Wing | $86M | -0.02% | 100.78% | 2.66% |
| The First National Bank of Gilbert Gilbert | $86M | 0.66% | 74.08% | 3.66% |
| Bank of Maple Plain Maple Plain | $86M | 0.92% | 71.96% | 3.12% |
| First Security Bank - Canby Canby | $85M | 2.06% | 49.89% | 4.13% |
| Vantage Bank Kent | $85M | 1.84% | 56.52% | 4.49% |
| Lowry State Bank Lowry | $84M | 1.28% | 58.43% | 4.34% |
| Farmers & Merchants State Bank of New York Mills, Incorporated New York Mills | $83M | 0.91% | 72.27% | 3.26% |
| Odin State Bank Odin | $82M | -0.11% | 52.64% | 3.78% |
| American State Bank of Grygla Grygla | $82M | 1.46% | 61.67% | 3.71% |
| State Bank of Cold Spring Cold Spring | $82M | 1.60% | 61.96% | 3.97% |
| Randall State Bank Randall | $76M | 1.50% | 62.37% | 6.04% |
| Elysian Bank Elysian | $76M | 1.90% | 56.53% | 5.12% |
| Bonanza Valley State Bank Brooten | $75M | 1.20% | 65.82% | 3.62% |
| Farmers State Bank of Trimont Trimont | $73M | -0.35% | 53.38% | 3.69% |
| Security State Bank of Kenyon Kenyon | $72M | 0.86% | 75.32% | 4.49% |
| State Bank of Chandler Chandler | $69M | 1.49% | 51.43% | 4.07% |
| Grand Timber Bank Mcgregor | $65M | 1.26% | 66.20% | 5.96% |
| Farmers and Merchants State Bank of Appleton Appleton | $62M | 3.27% | 33.42% | 5.12% |
| Vergas State Bank Vergas | $61M | 1.37% | 56.59% | 4.30% |
| First Financial Bank in Winnebago Winnebago | $58M | 1.27% | 65.42% | 3.70% |
| United Minnesota Bank New London | $57M | 1.60% | 56.46% | 4.82% |
| Arlington State Bank Arlington | $57M | 0.14% | 94.99% | 2.77% |
| Grove Bank Grove City | $56M | 0.21% | 92.02% | 4.57% |
| The Northern State Bank of Gonvick Gonvick | $51M | 1.55% | 46.63% | 3.18% |
| Security State Bank of Oklee Oklee | $49M | 1.70% | 48.74% | 3.20% |
| Farmers and Merchants State Bank of Alpha Alpha | $47M | 0.62% | 75.58% | 3.61% |
| The First National Bank of McIntosh Mcintosh | $47M | 1.71% | 45.54% | 3.24% |
| State Bank of Lake Park Lake Park | $47M | 1.38% | 60.53% | 3.74% |
| State Bank of Taunton Taunton | $47M | 0.74% | 82.15% | 4.06% |
| State Bank of Bellingham Bellingham | $46M | 0.22% | 88.64% | 2.09% |
| Marshall County State Bank Newfolden | $45M | 1.46% | 47.66% | 3.06% |
| Welcome State Bank Welcome | $44M | 2.94% | 40.45% | 4.67% |
| The First National Bank at St. James Saint James | $38M | 0.79% | 83.69% | 5.13% |
| Western National Bank Cass Lake | $37M | 1.32% | 78.40% | 5.52% |
| State Bank of Jeffers Jeffers | $37M | 2.24% | 38.71% | 4.52% |
| Farmers State Bank of Hoffman Hoffman | $37M | 1.20% | 64.25% | 3.59% |
| The First National Bank of Fairfax Fairfax | $36M | 1.10% | 66.95% | 3.84% |
| The First National Bank of Proctor Proctor | $34M | 0.57% | 77.12% | 3.55% |
| Lake Country Community Bank Morristown | $32M | 0.22% | 85.96% | 4.69% |
| Minnesota First Credit and Savings, Incorporated Rochester | $30M | 0.31% | 92.25% | 4.32% |
| St. Martin National Bank Saint Martin | $29M | 2.42% | 50.99% | 3.76% |
| State Bank of Easton Easton | $28M | 1.45% | 60.64% | 3.98% |
| First State Bank of Swanville Swanville | $24M | 0.71% | 74.56% | 5.93% |
Method
Banks are FDIC-insured institutions headquartered in Minnesota with a call report for the quarter ending 06/30/2026. Return on assets and net interest margin are annualized year to date; the efficiency ratio is noninterest expense over revenue, so lower is better. Credit unions are NCUA-insured and not included. Click any bank for its comparison with same-size peers, or look up a bank in another state.