2026 Rankings

Best Banks in Minnesota

50 banks in Minnesota ranked by our TFS Financial Health Grade. Scores based on capital adequacy, asset quality, earnings, and consumer protection data.

Rank	Institution	City	Assets	Score	Grade
1	First National Bank North	Walker	$845.5M	95.5	A+
2	The First National Bank of Moose Lake	Moose Lake	$138.8M	94.9	A+
3	Security State Bank of Marine	Marine On St. Croix	$232.1M	93.2	A+
4	Eagle Bank	Glenwood	$223.6M	92.9	A
5	Lake Elmo Bank	Lake Elmo	$531.4M	92.1	A
6	Welcome State Bank	Welcome	$44.2M	91.9	A
7	Elysian Bank	Elysian	$76.5M	91.7	A
8	PrinsBank	Prinsburg	$210.1M	91.0	A
9	Security State Bank of Wanamingo	Wanamingo	$113.6M	90.7	A
10	Arcadian Bank	Hartland	$237.0M	90.6	A
11	Premier Bank Minnesota	Hastings	$710.0M	89.7	A
12	The Citizens National Bank of Park Rapids	Park Rapids	$374.9M	89.5	A
13	Lake Central Bank	Annandale	$287.1M	89.0	A
14	Janesville State Bank	Janesville	$95.0M	88.6	A
15	First Security Bank - Canby	Canby	$85.3M	87.4	A-
16	American Heritage National Bank	Long Prairie	$586.6M	87.1	A-
17	Farmers and Merchants State Bank of Springfield	Springfield	$141.4M	87.0	A-
18	Vergas State Bank	Vergas	$58.7M	86.2	A-
19	St. Clair State Bank (Incorporated)	Saint Clair	$131.2M	86.2	A-
20	Security State Bank of Kenyon	Kenyon	$72.2M	86.0	A-
21	Security Bank USA	Bemidji	$261.6M	86.0	A-
22	Gateway Bank	Mendota Heights	$301.5M	85.9	B+
23	First Farmers & Merchants National Bank	Luverne	$243.8M	85.9	B+
24	Peoples State Bank of Wells	Wells	$62.1M	85.7	B+
25	Farmers and Merchants State Bank of Appleton	Appleton	$60.4M	85.7	B+
26	Center National Bank	Litchfield	$232.7M	85.7	B+
27	Scale Bank	Edina	$564.3M	85.6	B+
28	State Bank of Jeffers	Jeffers	$37.7M	85.6	B+
29	The First National Bank of Milaca	Milaca	$283.9M	85.5	B+
30	Security State Bank of Oklee	Oklee	$47.3M	85.5	B+
31	First State Bank Minnesota	Le Roy	$109.3M	85.3	B+
32	Premier Bank	Maplewood	$1.1B	84.8	B+
33	Security Bank & Trust Company	Glencoe	$1.3B	84.7	B+
34	Ultima Bank Minnesota	Winger	$317.2M	84.6	B+
35	Sherburne State Bank	Becker	$337.4M	84.3	B+
36	Northern State Bank of Virginia	Virginia	$101.3M	84.1	B+
37	Keen Bank, National Association	Waseca	$199.5M	84.0	B+
38	Neighborhood National Bank	Mora	$308.7M	83.9	B+
39	Citizens State Bank of Roseau	Roseau	$286.5M	83.9	B+
40	Pioneer Bank	Mapleton	$896.8M	83.6	B+
41	Park State Bank	Duluth	$1.5B	83.5	B+
42	ESB Bank	Caledonia	$196.1M	83.5	B+
43	Farmers State Bank of Underwood	Underwood	$113.5M	83.5	B+
44	Peoples State Bank of Plainview	Plainview	$410.5M	83.3	B+
45	Concorde Bank	Blomkest	$87.3M	83.3	B+
46	Frandsen Bank & Trust	Lonsdale	$3.7B	83.0	B+
47	Wadena State Bank	Wadena	$206.0M	83.0	B+
48	Stearns Bank National Association	Saint Cloud	$3.3B	82.7	B+
49	First State Bank and Trust	Bayport	$473.2M	82.6	B+
50	Midwest Bank	Detroit Lakes	$892.8M	82.3	B+

Rankings based on TFS Financial Health Grades, calculated from FDIC quarterly financial data. Scores reflect capital adequacy, asset quality, earnings, liquidity, growth, and consumer protection metrics.Learn about our methodology

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