HEADQUARTERED IN MINNESOTA
Minnesota banks and credit unions
305 institutions headquartered in Minnesota. Totals describe institutions by headquarters, not deposits held at branches in the state.
Minnesota banks
- 225 banks headquartered in Minnesota reported $116 billion in combined total assets for the quarter ended June 30, 2026.
- Their combined deposits were $100 billion, up 5.5% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 4.09%, and the median cost of all deposits was 1.72%.
- Institutions
- 225
- Combined total assets
- $116 billion
- Combined deposits
- $100 billion
- Deposit growth, 12 months
- +5.5%
- Loan growth, 12 months
- +7.1%
- Median net interest margin
- 4.09%
- Median return on assets
- 1.39%
- Median cost of deposits
- 1.72%
What stands out
- Versabank USA N.A.Funding pressure building
- Western National BankFunding pressure building
- Sterling State BankBorrowed funding falling while the peer median holds steady
- Battle Bank N.A.Reliance on CDs falling while the peer median holds steady
- Dayforce National Trust BankLeverage capital ratio rising faster than peers
- First State Bank of SwanvilleNet charge-offs rising while the peer median holds steady
- Rushford State Bank (Incorporated)Deposit costs falling faster than peers
- Scale BankNet interest margin widening faster than peers
Largest banks
| Institution | City | Total assets | Deposit growth | ROA |
|---|---|---|---|---|
| Ameriprise Bank FSB | Minneapolis | $25.5 billion | +6.4% | 3.05% |
| Bridgewater Bank | Saint Louis Park | $5.4 billion | +1.9% | 1.18% |
| Frandsen Bank & Trust | Lonsdale | $3.7 billion | +2.8% | 2.01% |
| Stearns Bank N.A. | Saint Cloud | $3.3 billion | -15.6% | 2.09% |
| Minnwest Bank | Redwood Falls | $2.9 billion | -0.4% | 1.04% |
| Merchants Bank N.A. | Winona | $2.9 billion | +3.7% | 1.24% |
| Tradition Capital Bank | Wayzata | $2.7 billion | +10.1% | 1.02% |
| Think Mutual Bank | Rochester | $2.2 billion | +4.7% | 0.72% |
| Deerwood Bank | Waite Park | $1.5 billion | +24.0% | 1.78% |
| Park State Bank | Duluth | $1.5 billion | +4.3% | 1.18% |
| North American Banking Company | Roseville | $1.5 billion | -3.9% | 2.38% |
| Citizens Alliance Bank | Clara City | $1.4 billion | -5.7% | 1.23% |
| Security Bank & Trust Company | Glencoe | $1.3 billion | +9.6% | 2.03% |
| Premier Bank | Maplewood | $1.2 billion | +11.6% | 1.91% |
| First Resource Bank | Lino Lakes | $1.1 billion | +48.5% | 1.12% |
Rankings
- Largest banks in Minnesota
- Fastest deposits growth in Minnesota
- Fastest loan growth in Minnesota
- Highest return on assets in Minnesota
All 225 banks headquartered in Minnesota
- 21st Century Bank Loretto
- Alliance Bank Lake City
- American Heritage National Bank Long Prairie
- American National Bank of Minnesota Baxter
- American State Bank of Grygla Grygla
- Americana Community Bank Sleepy Eye
- Ameriprise Bank FSB Minneapolis
- Arcadian Bank Hartland
- Arlington State Bank Arlington
- Bank of Maple Plain Maple Plain
- Bankcherokee Saint Paul
- Bankvista Sartell
- Bankwest Rockford
- Battle Bank N.A. Upsala
- Bonanza Valley State Bank Brooten
- Bridgewater Bank Saint Louis Park
- Castle Rock Bank Castle Rock
- Center National Bank Litchfield
- Cetera Trust Company N.A. St. Paul
- Citizens Alliance Bank Clara City
- Citizens Bank & Trust Co., Hutchinson, Minn. Hutchinson
- Citizens Bank Minnesota New Ulm
- Citizens Independent Bank Saint Louis Park
- Citizens State Bank Norwood Young America Norwood Young Am
- Citizens State Bank of Roseau Roseau
- Commerce Bank Geneva
- Community Bank Mankato Vernon Center
- Community Bank Owatonna Owatonna
- Community First Bank Menahga
- Community Resource Bank Northfield
- Concorde Bank Blomkest
- Cornerstone State Bank Montgomery
- Crown Bank Edina
- Currie State Bank Currie
- Dayforce National Trust Bank Bloomington
- Deerwood Bank Waite Park
- Drake Bank Saint Paul
- Eagle Bank Glenwood
- Eagle Rock Bank Rochester
- Elysian Bank Elysian
- Entrebank Bloomington
- Esb Bank Caledonia
- F & M Community Bank N.A. Preston
- Falcon National Bank Foley
- Farmers & Merchants State Bank of New York Mills, Incorporated New York Mills
- Farmers & Merchants State Bank of Springfield Springfield
- Farmers and Merchants State Bank of Alpha Alpha
- Farmers and Merchants State Bank of Appleton Appleton
- Farmers and Merchants State Bank of Pierz Pierz
- Farmers State Bank of Hamel Hamel
- Farmers State Bank of Hoffman Hoffman
- Farmers State Bank of Trimont Trimont
- Farmers State Bank of Underwood Underwood
- First Bank Blue Earth Blue Earth
- First Bank Elk River Elk River
- First Farmers & Merchants Bank Cannon Falls
- First Farmers & Merchants National Bank Fairmont
- First Farmers & Merchants National Bank Luverne
- First Farmers & Merchants State Bank Brownsdale
- First Farmers & Merchants State Bank of Grand Meadow Grand Meadow
- First Financial Bank in Winnebago Winnebago
- First Independent Bank Russell
- First National Bank Bagley
- First National Bank Minnesota Saint Peter
- First National Bank North Walker
- First Resource Bank Lino Lakes
- First Security Bank Byron
- First Security Bank - Canby Canby
- First Security Bank - Sleepy Eye Sleepy Eye
- First Southeast Bank Harmony
- First State Bank and Trust Bayport
- First State Bank Minnesota Le Roy
- First State Bank of Bigfork Bigfork
- First State Bank of Le Center Le Center
- First State Bank of Swanville Swanville
- First State Bank Southwest Pipestone
- Fm Bank Waseca
- Foresight Bank Plainview
- Frandsen Bank & Trust Lonsdale
- Freeport State Bank Freeport
- Gateway Bank Mendota Heights
- Glenwood State Bank (Incorporated) Glenwood
- Global Innovations Bank Kiester
- Grand Marais State Bank Grand Marais
- Grand Rapids State Bank Grand Rapids
- Grand Timber Bank Mcgregor
- Granite Bank Cold Spring
- Grove Bank Grove City
- Harvest Bank Kimball
- Heritage Bank Minnesota West Concord
- Heritage Bank N.A. Spicer
- Highland Bank Saint Paul
- Home State Bank Litchfield
- Hometown Bank Carver
- Hometown Community Bank Cyrus
- Integrity Bank Plus Wabasso
- Janesville State Bank Janesville
- Keen Bank N.A. Waseca
- Kensington Bank Kensington
- Key Community Bank Inver Grove Heig
- Lake Central Bank Annandale
- Lake Country Community Bank Morristown
- Lake Elmo Bank Lake Elmo
- Lake Region Bank New London
- Lakeview Bank Lakeville
- Liberty Bank Minnesota Saint Cloud
- Lowry State Bank Lowry
- Luminate Bank Minneapolis
- Marshall County State Bank Newfolden
- Merchants Bank N.A. Winona
- Mid-Central National Bank Wadena
- Midcountry Bank Minneapolis
- Midwest Bank Detroit Lakes
- Minnesota First Credit and Savings, Incorporated Rochester
- Minnesota Lakes Bank Delano
- Minnesota National Bank Sauk Centre
- Minnstar Bank N.A. Lake Crystal
- Minnwest Bank Redwood Falls
- Neighborhood National Bank Mora
- New Market Bank Elko New Market
- North American Banking Company Roseville
- North Shore Bank of Commerce Duluth
- North Star Bank Roseville
- Northeast Bank Minneapolis
- Northern State Bank of Thief River Falls Thief River Fall
- Northern State Bank of Virginia Virginia
- Northview Bank Sandstone
- Northwestern Bank N.A. Dilworth
- Northwoods Bank of Minnesota Park Rapids
- Odin State Bank Odin
- Park State Bank Duluth
- Peoples State Bank of Plainview Plainview
- Perennial Bank Darwin
- Pine Country Bank Little Falls
- Pine River State Bank Pine River
- Pioneer Bank Mapleton
- Platinum Bank Oakdale
- Prairie Sun Bank Milan
- Premier Bank Maplewood
- Premier Bank Minnesota Hastings
- Prime Security Bank Karlstad
- Prinsbank Prinsburg
- Produce State Bank Hollandale
- Profinium Inc. Truman
- Progrowth Bank Nicollet
- Randall State Bank Randall
- Red River State Bank Halstad
- Reliance Bank Faribault
- Root River State Bank Chatfield
- Rushford State Bank (Incorporated) Rushford
- Saint Clair State Bank (Incorporated) Saint Clair
- Saint Martin National Bank Saint Martin
- Scale Bank Edina
- Security Bank & Trust Company Glencoe
- Security Bank Minnesota Albert Lea
- Security Bank USA Bemidji
- Security State Bank of Aitkin Aitkin
- Security State Bank of Hibbing Hibbing
- Security State Bank of Kenyon Kenyon
- Security State Bank of Marine Marine on St. Cr
- Security State Bank of Oklee Oklee
- Security State Bank of Wanamingo, Incorporated Wanamingo
- Security State Bank of Warroad Warroad
- Sentry Bank Saint Joseph
- Sherburne State Bank Becker
- Star Bank Maple Lake
- State Bank of Bellingham Bellingham
- State Bank of Chandler Chandler
- State Bank of Cold Spring Cold Spring
- State Bank of Easton Easton
- State Bank of Fairmont Fairmont
- State Bank of Jeffers Jeffers
- State Bank of Lake Park Lake Park
- State Bank of New Richland New Richland
- State Bank of Taunton Taunton
- Stearns Bank N.A. Saint Cloud
- Sterling State Bank Austin
- The Bank of Elk River Elk River
- The Citizens National Bank of Park Rapids Park Rapids
- The First National Bank at Saint James Saint James
- The First National Bank of Bemidji Bemidji
- The First National Bank of Cokato Cokato
- The First National Bank of Coleraine Coleraine
- The First National Bank of Fairfax Fairfax
- The First National Bank of Gilbert Gilbert
- The First National Bank of Henning Ottertail
- The First National Bank of Le Center Lonsdale
- The First National Bank of Mcintosh Mcintosh
- The First National Bank of Milaca Milaca
- The First National Bank of Moose Lake Moose Lake
- The First National Bank of Osakis Osakis
- The First National Bank of Proctor Proctor
- The First State Bank of Fountain Fountain
- The First State Bank of Red Wing Red Wing
- The First State Bank of Rosemount Rosemount
- The Miners National Bank of Eveleth Eveleth
- The Northern State Bank of Gonvick Gonvick
- The State Bank of Faribault Faribault
- The Wanda State Bank Wanda
- Think Mutual Bank Rochester
- Tradition Capital Bank Wayzata
- Triumph State Bank Trimont
- Ultima Bank Minnesota Winger
- Union Bank and Trust Company Minneapolis
- United Bankers' Bank Richfield
- United Community Bank Perham
- United Farmers State Bank Adams
- United Minnesota Bank New London
- United Prairie Bank Mountain Lake
- Valley Premier Bank Hawley
- Vantage Bank Kent
- Vergas State Bank Vergas
- Vermillion State Bank Vermillion
- Versabank USA N.A. Holdingford
- Viking Bank N.A. Alexandria
- Village Bank Saint Francis
- Visionbank Saint Louis Park
- Wadena State Bank Wadena
- Welcome State Bank Welcome
- Western National Bank Duluth
- Western National Bank of Cass Lake Cass Lake
- Wnb Financial N.A. Winona
- Woodland Bank Deer River
- Woodlands National Bank Hinckley
- Worthington Federal Savings Bank, F.S.B. Worthington
Minnesota credit unions
- 80 credit unions headquartered in Minnesota reported $35.1 billion in combined total assets for the quarter ended June 30, 2026.
- Their combined shares and deposits were $29.4 billion, up 6.1% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 3.66%, and the median cost of all shares and deposits was 1.44%.
- Institutions
- 80
- Combined total assets
- $35.1 billion
- Combined shares and deposits
- $29.4 billion
- Share and deposit growth, 12 months
- +6.1%
- Loan growth, 12 months
- +5.3%
- Median net interest margin
- 3.66%
- Median return on assets
- 0.91%
- Median cost of shares and deposits
- 1.44%
What stands out
- Arise Community Credit UnionFunding pressure building
- Alexandria Schools Employees Credit UnionMargin squeezed by funding costs
- Hibbing Cooperative Credit UnionShare and deposit costs among the lowest of similar credit unions
- Tribe Federal Credit UnionNet worth ratio falling while the peer median rises
- Building Trades Federal Credit UnionDelinquent loans falling while the peer median rises
- Sharepoint Credit UnionMembership shrinking while the peer median grows
- Northern Communities Credit UnionMargin squeezed by funding costs
- St. Cloud Financial Credit UnionEfficiency ratio rising while the peer median falls
Largest credit unions
| Institution | City | Total assets | Share growth | ROA |
|---|---|---|---|---|
| Trustone Financial Credit Union | Plymouth | $6.1 billion | +6.3% | 0.98% |
| Affinity Plus Federal Credit Union | Saint Paul | $5.0 billion | +9.4% | 1.31% |
| Blaze Credit Union | Falcon Heights | $4.8 billion | +9.3% | 0.86% |
| Magnifi Financial Credit Union | Melrose | $2.8 billion | +8.2% | 0.80% |
| Mayo Employees Federal Credit Union | Rochester | $1.5 billion | +3.8% | 1.73% |
| City & County Credit Union | Saint Paul | $1.2 billion | +0.5% | 0.59% |
| Members Cooperative Credit Union | Duluth | $1.2 billion | +3.2% | 1.45% |
| Topline Financial Credit Union | Maple Grove | $1.1 billion | +3.1% | 0.83% |
| Ideal Credit Union | Woodbury | $1.1 billion | -1.0% | 0.56% |
| Mid Minnesota Federal Credit Union | Baxter | $858 million | +9.8% | 1.26% |
| Southpoint Financial Credit Union | Sleepy Eye | $609 million | +11.2% | 0.64% |
| Minnco Credit Union | Cambridge | $605 million | +3.9% | 1.24% |
| St. Cloud Financial Credit Union | Sartell | $456 million | +10.1% | 0.59% |
| Co-Op Credit Union of Montevideo | Montevideo | $423 million | +9.6% | 1.87% |
| Trustar Federal Credit Union | International F | $377 million | +6.0% | 1.51% |
Rankings
- Largest credit unions in Minnesota
- Fastest shares and deposits growth in Minnesota
- Fastest loan growth in Minnesota
- Highest return on assets in Minnesota
All 80 credit unions headquartered in Minnesota
- Accentra Credit Union Austin
- Affinity Plus Federal Credit Union Saint Paul
- Alexandria Schools Employees Credit Union Alexandria
- Arise Community Credit Union Minneapolis
- Associated Healthcare Credit Union Woodbury
- Austin City Employees Credit Union Austin
- Blaze Credit Union Falcon Heights
- Brainerd B. N. Credit Union Brainerd
- Building Trades Federal Credit Union Maple Grove
- Carpenters Federal Credit Union Saint Paul
- Centricity Credit Union Hermantown
- City & County Credit Union Saint Paul
- Co-Op Credit Union of Montevideo Montevideo
- Crow Wing Power Credit Union Brainerd
- Danfoss Employees Credit Union Plymouth
- Deer River Cooperative Credit Union Deer River
- Duluth Fire Department Credit Union Duluth
- Duluth Police Department Employees Credit Union Duluth
- Electric Machinery Employees Credit Union Minneapolis
- Ely Area Credit Union Ely
- Embarrass Vermillion Federal Credit Union Aurora
- Expedition Credit Union Mendota Heights
- Fairmont School Employees Federal Credit Union Fairmont
- Farm Credit Employees Federal Credit Union Saint Paul
- Federated Employees Credit Union Owatonna
- First Alliance Credit Union Rochester
- First Pace Credit Union West St Paul
- Greater Community Credit Union Dawson
- Harbor Pointe Credit Union Duluth
- Heartland Credit Union Inver Grove Hei
- Hibbing Cooperative Credit Union Hibbing
- Home Town Federal Credit Union Owatonna
- Ideal Credit Union Woodbury
- Latvian Credit Union Minneapolis
- Leading Edge Credit Union Worthington
- Magnifi Financial Credit Union Melrose
- Mayo Employees Federal Credit Union Rochester
- Members Cooperative Credit Union Duluth
- Metropolitan Services Credit Union Saint Paul
- Mid Minnesota Federal Credit Union Baxter
- Minnco Credit Union Cambridge
- Minnesota Catholic Credit Union Little Canada
- Minnesota Power Employees Credit Union Duluth
- Minnesota Valley Federal Credit Union Mankato
- Mower County Catholic Parishes Credit Union Austin
- Mower County Employees Credit Union Austin
- My Credit Union Bloomington
- North Memorial Federal Credit Union Robbinsdale
- North Shore Federal Credit Union Silver Bay
- North Star Credit Union Cook
- Northern Communities Credit Union Duluth
- Northridge Community Credit Union Virginia
- Northwoods Credit Union Cloquet
- Novation Credit Union Oakdale
- Nsp Credit Union Maplewood
- Pipefitters-Steamfitters Credit Union Woodbury
- Red Lake Co. Op Federal Credit Union Red Lake Falls
- Red Wing Credit Union Red Wing
- Riverview Credit Union South Saint Pau
- Share Advantage Credit Union Duluth
- Sharepoint Credit Union Bloomington
- Smw Financial Credit Union Lino Lakes
- South Metro Federal Credit Union Prior Lake
- Southpoint Financial Credit Union Sleepy Eye
- St. Cloud Financial Credit Union Sartell
- St. Paul Federal Credit Union Saint Paul
- Teamsters Credit Union Blaine
- Topline Financial Credit Union Maple Grove
- Toro Employees Federal Credit Union Bloomington
- Trades & Labor Federal Credit Union Albert Lea
- Transit Operations Federal Credit Union Minneapolis
- Tribe Federal Credit Union Eagan
- Trustar Federal Credit Union International F
- Trustone Financial Credit Union Plymouth
- Two Harbors Federal Credit Union Two Harbors
- United Employees Credit Union Albert Lea
- Virginia Coop Credit Union Virginia
- Wakota Federal Credit Union South St Paul
- West Metro Schools Credit Union Hopkins
- Ziegler Federal Credit Union Bloomington