State directory · MN
Minnesota Banks
Every FDIC-insured bank headquartered in Minnesota, with health grades, capital, and profitability from the quarterly FDIC Call Report.
- 227
- FDIC banks
- 77/100
- Avg health score
- $114.9B
- Total assets
- 24
- Failures since 2000
Data updated July 2026
The state picture
Minnesota's 227 FDIC banks hold $114.9B in assets and average 77/100 on health - 86% earn an A or B grade.
- 227
- FDIC-insured banks
- 86%
- grade A or B (196 banks)
- $25.3B
- largest - Ameriprise Bank, FSB
- 24
- failures since 2000
Figures from public FDIC Call Reports. A lower grade does not mean your money is at risk, deposits are FDIC-insured to $250,000 per depositor, per category, at every bank here.
For context: Minnesota's average health score of 77/100 is about the same as the 77/100 national average across all FDIC-insured banks PlainBankData tracks.
Health grade distribution
Largest banks in Minnesota
Minnesota banks by health grade
How Minnesota compares nationally
Minnesota ranks #21 of 55 states and territories by average bank health score - better than 63% of them.
States grouped by average health score
All 227 Minnesota banks · Page 3 of 3
| Bank | Assets | Grade |
|---|---|---|
| Farmers and Merchants State Bank of Appleton | $60M | A |
| First Financial Bank in Winnebago | $59M | A |
| Vergas State Bank | $59M | A |
| Grove Bank | $57M | C |
| Arlington State Bank | $55M | B |
| The Northern State Bank of Gonvick | $55M | A |
| United Minnesota Bank | $52M | A |
| State Bank of Bellingham | $50M | B |
| State Bank of Taunton | $48M | C |
| Farmers and Merchants State Bank of Alpha | $48M | B |
| Security State Bank of Oklee | $47M | A |
| State Bank of Lake Park | $46M | B |
| Welcome State Bank | $44M | A |
| Marshall County State Bank | $44M | A |
| The First National Bank of McIntosh | $44M | A |
| First State Bank of Fountain | $40M | B |
| Western National Bank | $38M | A |
| State Bank of Jeffers | $38M | A |
| The First National Bank at St. James | $37M | C |
| The First National Bank of Fairfax | $36M | A |
| The First National Bank of Proctor | $35M | B |
| Farmers State Bank of Hoffman | $35M | B |
| Lake Country Community Bank | $33M | C |
| Minnesota First Credit and Savings, Incorporated | $29M | B |
| St. Martin National Bank | $28M | A |
| State Bank of Easton | $28M | A |
| First State Bank of Swanville | $23M | A |
How to read the Minnesota bank directory
This page lists every FDIC-insured bank with a primary regulatory address in Minnesota. Both state-chartered and nationally-chartered banks appear when the FDIC institution directory places their headquarters here. Branch locations, ATM networks, and credit unions are not in scope, this is a headquarters-anchored view. The 227 institutions shown reflect the most recent quarterly FDIC release.
Health grade interpretation
Each bank's letter grade (A–F) is computed from four FDIC-reported metrics: Tier 1 capital ratio, return on assets, the Texas Ratio (non-performing assets ÷ tangible capital), and the efficiency ratio. Across Minnesota, 196 institutions (86%) sit in the A or B band, while 4 (2%) fall in the D or F band. The C cluster, the broad middle, typically captures roughly half of any state's banks and is not a warning signal on its own.
When failures matter
Since 2000, 24 banks headquartered in Minnesota have failed. Every depositor was made whole up to the standard FDIC ceiling ($250,000 per depositor, per ownership category, per institution). Failures cluster around macro events (the 2008–2010 wave, the 2023 regional-bank stress) rather than steady attrition, so a clean recent record reflects the absence of a triggering shock more than guaranteed safety. The "Under Stress" ranking is more forward-looking, because it scores current capital and credit-loss capacity.
Sources, refresh cadence, and corrections
Every figure derives from the FDIC Quarterly Banking Profile and the FDIC Institution Directory, both public-domain. We re-pull on the FDIC's schedule (quarterly release plus monthly directory deltas for mergers and closures). Asset and capital figures are reported as of the most recent quarter-end and lag the calendar by ~90 days, the FDIC's reporting lag, not ours.
Using the Minnesota directory
Three ways to put this state view to work.
- Open the largest or highest-graded Minnesota banks to see the full four-pillar breakdown. Top bank profile
- Compare the safest and highest-risk banks nationwide before moving funds. Safest banks
- Confirm your deposit insurance coverage - $250,000 per depositor, per category. FDIC insurance explained
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings.
Retrieved and compiled by PlainBankData Editorial from FDIC Call Report (FFIEC 031/041) filings, Q4 2025.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. This page draws directly on FDIC federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.