RANKING · Q2 2026

Lowest efficiency ratio in Minnesota

167 of 225 banks in Minnesota that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets and positive revenue. Institutions with equal values share a rank. Source: FDIC quarterly financial data.

Lowest efficiency ratio in Minnesota, Q2 2026
Rank	Institution	Headquarters	Efficiency ratio (noninterest expense / revenue)	Total assets
1	Ameriprise Bank FSB	Minneapolis, MN	10.4%	$25.5 billion
2	Vermillion State Bank	Vermillion, MN	22.5%	$931 million
3	Saint Clair State Bank (Incorporated)	Saint Clair, MN	38.0%	$134 million
4	Visionbank	Saint Louis Park, MN	39.5%	$254 million
5	Midwest Bank	Detroit Lakes, MN	40.4%	$985 million
6	Versabank USA N.A.	Holdingford, MN	40.9%	$912 million
7	State Bank of New Richland	New Richland, MN	41.6%	$124 million
8	Premier Bank	Maplewood, MN	41.8%	$1.2 billion
9	Sherburne State Bank	Becker, MN	43.0%	$351 million
10	Eagle Bank	Glenwood, MN	43.2%	$227 million
11	Security State Bank of Marine	Marine on St. Cr, MN	43.5%	$233 million
12	21st Century Bank	Loretto, MN	43.6%	$895 million
13	Castle Rock Bank	Castle Rock, MN	45.6%	$294 million
14	United Farmers State Bank	Adams, MN	45.9%	$234 million
15	First Independent Bank	Russell, MN	46.3%	$632 million
16	Security State Bank of Wanamingo, Incorporated	Wanamingo, MN	47.1%	$113 million
17	Lake Central Bank	Annandale, MN	47.9%	$291 million
18	Gateway Bank	Mendota Heights, MN	48.2%	$320 million
19	North American Banking Company	Roseville, MN	48.2%	$1.5 billion
20	First National Bank North	Walker, MN	48.6%	$864 million
21	First Farmers & Merchants Bank	Cannon Falls, MN	49.5%	$486 million
22	Kensington Bank	Kensington, MN	49.7%	$447 million
23	Security Bank & Trust Company	Glencoe, MN	50.1%	$1.3 billion
24	Bridgewater Bank	Saint Louis Park, MN	50.1%	$5.4 billion
25	Wadena State Bank	Wadena, MN	50.3%	$207 million
26	Hometown Community Bank	Cyrus, MN	50.4%	$106 million
27	Entrebank	Bloomington, MN	50.5%	$527 million
28	Peoples State Bank of Plainview	Plainview, MN	50.9%	$429 million
29	The First National Bank of Bemidji	Bemidji, MN	51.0%	$1.1 billion
30	First State Bank Minnesota	Le Roy, MN	51.1%	$106 million
31	Park State Bank	Duluth, MN	51.2%	$1.5 billion
32	Commerce Bank	Geneva, MN	51.2%	$220 million
33	Sentry Bank	Saint Joseph, MN	51.4%	$415 million
34	First Security Bank	Byron, MN	51.7%	$162 million
35	Tradition Capital Bank	Wayzata, MN	51.9%	$2.7 billion
36	First Farmers & Merchants National Bank	Luverne, MN	52.1%	$243 million
37	Bankvista	Sartell, MN	52.2%	$651 million
38	Esb Bank	Caledonia, MN	52.3%	$209 million
39	The Citizens National Bank of Park Rapids	Park Rapids, MN	52.6%	$397 million
40	Arcadian Bank	Hartland, MN	52.7%	$242 million
41	Pine Country Bank	Little Falls, MN	52.7%	$380 million
42	Citizens State Bank of Roseau	Roseau, MN	52.8%	$291 million
43	American Heritage National Bank	Long Prairie, MN	53.2%	$605 million
44	Frandsen Bank & Trust	Lonsdale, MN	53.2%	$3.7 billion
45	Eagle Rock Bank	Rochester, MN	53.6%	$508 million
46	Stearns Bank N.A.	Saint Cloud, MN	53.9%	$3.3 billion
47	Citizens State Bank Norwood Young America	Norwood Young Am, MN	54.4%	$141 million
48	The First National Bank of Cokato	Cokato, MN	54.8%	$138 million
49	United Prairie Bank	Mountain Lake, MN	54.8%	$939 million
50	Platinum Bank	Oakdale, MN	55.1%	$739 million
51	Northern State Bank of Thief River Falls	Thief River Fall, MN	55.1%	$550 million
52	State Bank of Fairmont	Fairmont, MN	55.2%	$154 million
53	The First National Bank of Moose Lake	Moose Lake, MN	55.2%	$134 million
54	The First National Bank of Le Center	Lonsdale, MN	55.3%	$178 million
55	First Security Bank - Sleepy Eye	Sleepy Eye, MN	55.4%	$183 million
56	Lake Elmo Bank	Lake Elmo, MN	55.5%	$530 million
57	Lakeview Bank	Lakeville, MN	55.5%	$218 million
58	Grand Rapids State Bank	Grand Rapids, MN	55.5%	$261 million
59	Grand Marais State Bank	Grand Marais, MN	55.5%	$207 million
60	Red River State Bank	Halstad, MN	55.6%	$110 million
61	First State Bank of Le Center	Le Center, MN	55.8%	$110 million
62	Fm Bank	Waseca, MN	56.0%	$738 million
63	Viking Bank N.A.	Alexandria, MN	56.2%	$330 million
64	The First National Bank of Milaca	Milaca, MN	56.3%	$293 million
65	Farmers and Merchants State Bank of Pierz	Pierz, MN	56.4%	$336 million
66	Keen Bank N.A.	Waseca, MN	56.6%	$201 million
67	Minnesota National Bank	Sauk Centre, MN	56.6%	$298 million
68	Pioneer Bank	Mapleton, MN	56.8%	$884 million
69	First Southeast Bank	Harmony, MN	56.9%	$158 million
70	Foresight Bank	Plainview, MN	57.9%	$434 million
71	Community Resource Bank	Northfield, MN	58.0%	$556 million
72	Community Bank Mankato	Vernon Center, MN	58.0%	$538 million
73	Glenwood State Bank (Incorporated)	Glenwood, MN	58.2%	$545 million
74	Farmers State Bank of Underwood	Underwood, MN	58.2%	$114 million
75	Perennial Bank	Darwin, MN	59.1%	$158 million
76	Community First Bank	Menahga, MN	59.4%	$126 million
77	First State Bank Southwest	Pipestone, MN	59.7%	$410 million
78	Premier Bank Minnesota	Hastings, MN	60.0%	$691 million
79	Ultima Bank Minnesota	Winger, MN	60.2%	$334 million
80	Scale Bank	Edina, MN	60.2%	$627 million
81	Minnstar Bank N.A.	Lake Crystal, MN	60.3%	$204 million
82	Minnwest Bank	Redwood Falls, MN	60.3%	$2.9 billion
83	Deerwood Bank	Waite Park, MN	60.6%	$1.5 billion
84	Cornerstone State Bank	Montgomery, MN	60.7%	$247 million
85	Security Bank Minnesota	Albert Lea, MN	60.7%	$145 million
86	Northwestern Bank N.A.	Dilworth, MN	60.8%	$165 million
87	Falcon National Bank	Foley, MN	61.0%	$872 million
88	The First National Bank of Henning	Ottertail, MN	61.5%	$423 million
89	Northview Bank	Sandstone, MN	61.5%	$470 million
90	Citizens Bank & Trust Co., Hutchinson, Minn.	Hutchinson, MN	61.7%	$329 million
91	Bankwest	Rockford, MN	61.9%	$240 million
92	Prairie Sun Bank	Milan, MN	62.2%	$107 million
93	Farmers & Merchants State Bank of Springfield	Springfield, MN	62.3%	$140 million
94	First Resource Bank	Lino Lakes, MN	62.4%	$1.1 billion
95	The Wanda State Bank	Wanda, MN	62.7%	$230 million
96	Northern State Bank of Virginia	Virginia, MN	62.8%	$102 million
97	First Farmers & Merchants National Bank	Fairmont, MN	62.8%	$140 million
98	Freeport State Bank	Freeport, MN	62.9%	$165 million
99	Star Bank	Maple Lake, MN	62.9%	$446 million
100	Valley Premier Bank	Hawley, MN	63.1%	$141 million

Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings