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Financial strength ranking · Minnesota · Call Report data as of Q2 2026

Best Banks in Minnesota by Financial Strength

Vermillion State Bank ranks first among the 166 banks headquartered in Minnesota we score, with a financial strength score of 83.2 out of 100 as of June 30, 2026. The score averages each bank's national percentile on four Call Report ratios: return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

Ranked first
Vermillion State Bank
Its score
83.2 of 100
Banks scored in Minnesota
166
Its return on assets
2.60%

The 100 highest scoring banks in Minnesota

Select a column heading to sort. Score is 0 to 100, where 100 would be the best US bank on all four ratios; ratios for Q2 2026.

Banks headquartered in Minnesota ranked by financial strength score, with total assets, return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.
1 Vermillion State Bank Vermillion 83.2 2.60% 22.31% 13.40% 0.20% $931.4M
2 Scale Bank Edina 81.2 2.82% 54.21% 14.02% 0.05% $626.7M
3 Security State Bank of Wanamingo, Incorporated Wanamingo 80.4 2.02% 46.99% 11.37% 0.00% $112.7M
4 Versabank USA, N.A. Holdingford 80.3 1.34% 40.89% 22.46% 0.07% $911.9M
5 The First National Bank of Moose Lake Moose Lake 80.2 2.13% 54.56% 15.98% 0.07% $133.7M
6 Saint Clair State Bank (Incorporated) Saint Clair 79.8 2.17% 37.97% 11.08% 0.02% $134.4M
7 Castle Rock Bank Castle Rock 79.5 1.41% 42.69% 14.19% 0.01% $293.5M
8 Lake Central Bank Annandale 78.5 2.35% 46.25% 11.15% 0.03% $291.3M
9 Arcadian Bank Hartland 76.7 2.25% 51.85% 12.01% 0.07% $242.1M
10 First National Bank North Walker 76.6 2.61% 48.59% 12.14% 0.18% $864.3M
11 Security State Bank of Marine Marine on Saint Croix 76.1 2.42% 43.37% 10.87% 0.10% $232.5M
12 Premier Bank Maplewood 75.1 1.97% 41.62% 10.24% 0.00% $1.18B
13 Eagle Bank Glenwood 75.0 2.60% 42.86% 14.35% 0.66% $226.9M
14 Midwest Bank Detroit Lakes 73.9 2.58% 40.20% 9.84% 0.04% $984.5M
15 21st Century Bank Loretto 70.7 1.93% 43.60% 10.66% 0.17% $894.8M
16 Prinsbank Prinsburg 70.5 4.41% 58.75% 11.99% 0.18% $308.3M
17 Sherburne Bank Becker 70.4 2.05% 42.94% 9.46% 0.02% $351.1M
18 Ameriprise Bank, FSB Minneapolis 70.2 3.04% 10.30% 7.38% 0.02% $25.48B
19 Grand Rapids State Bank Grand Rapids 69.6 2.62% 55.38% 10.03% 0.01% $261.1M
20 American Heritage National Bank Long Prairie 68.9 1.21% 53.13% 11.89% 0.00% $604.7M
21 Citizens State Bank of Roseau Roseau 68.7 1.57% 50.99% 13.30% 0.31% $290.9M
22 Wadena State Bank Wadena 67.9 2.12% 49.55% 9.84% 0.08% $206.6M
23 Community First Bank Menahga 67.2 1.68% 58.71% 12.84% 0.15% $126.5M
24 First Farmers & Merchants Bank Cannon Falls 66.7 1.55% 49.43% 10.09% 0.00% $486.4M
25 First Independent Bank Russell 66.6 1.70% 42.96% 9.87% 0.10% $632.3M
26 First Security Bank - Sleepy Eye Sleepy Eye 65.6 1.68% 55.18% 15.26% 0.56% $182.8M
27 State Bank of New Richland New Richland 64.7 1.81% 40.99% 9.96% 0.26% $124.2M
28 Entrebank Bloomington 64.3 1.66% 50.52% 9.61% 0.02% $527.1M
29 Pine Country Bank Little Falls 64.1 1.52% 51.92% 10.24% 0.04% $380.3M
30 United Farmers State Bank Adams 64.0 1.98% 45.76% 10.33% 0.40% $233.8M
31 First State Bank Minnesota Le Roy 63.4 2.07% 51.09% 11.43% 0.66% $105.9M
32 The First National Bank of Milaca Milaca 63.2 2.01% 56.24% 10.77% 0.25% $293.2M
33 Security Bank & Trust Company Glencoe 62.5 2.03% 47.00% 9.37% 0.22% $1.33B
34 Lake Region Bank New London 62.3 1.98% 62.62% 10.43% 0.04% $153.0M
35 Stearns Bank N.A. Saint Cloud 62.2 2.11% 53.23% 15.42% 3.43% $3.27B
36 Premier Bank Minnesota Hastings 61.9 1.90% 59.90% 10.02% 0.03% $691.5M
37 Commerce Bank Geneva 61.9 1.28% 51.22% 13.87% 0.51% $220.0M
38 Valley Premier Bank Hawley 61.6 1.37% 63.12% 11.13% 0.00% $141.0M
39 Red River State Bank Halstad 60.6 2.24% 55.60% 15.24% 7.91% $110.2M
40 Center National Bank Litchfield 60.5 1.47% 63.90% 11.05% 0.00% $242.6M
41 First State Bank of Le Center Le Center 59.8 1.91% 54.69% 11.15% 0.57% $110.4M
42 North American Banking Company Roseville 59.6 2.26% 48.06% 8.91% 0.30% $1.47B
43 Keen Bank, N.A. Waseca 59.2 2.13% 56.52% 8.43% 0.04% $201.1M
44 The Citizens National Bank of Park Rapids Park Rapids 59.0 1.75% 52.33% 11.70% 0.87% $397.0M
45 Grand Marais State Bank Grand Marais 58.7 1.99% 55.13% 8.40% 0.06% $207.2M
46 Sentry Bank Saint Joseph 58.6 1.34% 51.14% 8.66% 0.00% $415.5M
47 Bridgewater Bank Saint Louis Park 58.0 1.18% 48.67% 11.65% 0.40% $5.38B
48 Eagle Rock Bank Rochester 58.0 1.30% 53.05% 13.80% 0.79% $508.2M
49 Lake Elmo Bank Lake Elmo 57.6 1.84% 55.48% 11.62% 0.85% $529.7M
50 Liberty Bank Minnesota Saint Cloud 57.0 1.08% 72.54% 12.90% 0.00% $290.2M
51 First Farmers & Merchants National Bank Luverne 56.2 1.37% 51.84% 11.62% 0.65% $242.6M
52 Freeport State Bank Freeport 56.1 1.19% 62.05% 10.69% 0.00% $165.5M
53 Frandsen Bank & Trust Lonsdale 55.5 1.98% 51.99% 10.02% 0.70% $3.66B
54 The First National Bank of Bemidji Bemidji 55.4 1.63% 48.85% 11.14% 1.19% $1.08B
55 First State Bank and Trust Bayport 55.1 1.99% 63.92% 8.91% 0.02% $499.0M
56 Farmers State Bank of Underwood Underwood 55.1 1.66% 58.17% 8.62% 0.02% $113.8M
57 Global Innovations Bank Kiester 55.0 2.06% 63.25% 8.47% 0.02% $120.1M
58 Ultima Bank Minnesota Winger 54.9 1.91% 59.15% 10.83% 0.59% $333.9M
59 Northwestern Bank, N.A. Dilworth 54.7 2.45% 60.56% 11.15% 0.94% $164.7M
60 Northview Bank Sandstone 54.0 1.69% 61.20% 10.75% 0.38% $469.7M
61 Minnesota National Bank Sauk Centre 53.7 1.80% 56.09% 9.77% 0.39% $298.4M
62 Visionbank Saint Louis Park 53.3 1.88% 39.50% 9.99% 2.15% $253.9M
63 Northern State Bank of Virginia Virginia 53.1 0.91% 58.97% 10.17% 0.00% $102.0M
64 First Southeast Bank Harmony 52.8 1.69% 56.75% 8.42% 0.12% $158.3M
65 The First National Bank of Cokato Cokato 52.7 1.63% 54.75% 8.54% 0.17% $138.2M
66 Home State Bank Litchfield 52.5 1.14% 70.30% 11.81% 0.05% $218.9M
67 Security Bank USA Bemidji 52.1 1.87% 62.87% 9.36% 0.17% $263.9M
68 United Bankers' Bank Richfield 51.5 1.76% 73.90% 14.46% 0.82% $1.05B
69 Cornerstone State Bank Montgomery 51.5 1.62% 59.94% 10.60% 0.49% $247.0M
70 Northeast Bank Minneapolis 51.1 1.51% 62.25% 10.13% 0.23% $837.3M
71 First Farmers & Merchants National Bank Fairmont 51.0 1.09% 62.84% 10.59% 0.05% $140.4M
72 Northern State Bank of Thief River Falls Thief River Falls 50.4 1.19% 55.09% 9.92% 0.22% $550.0M
73 Farmers and Merchants State Bank of Pierz Pierz 50.3 2.10% 55.73% 9.28% 0.68% $336.2M
74 WNB Financial, N.A. Winona 50.1 1.15% 63.83% 10.31% 0.05% $583.7M
75 Peoples State Bank of Plainview Plainview 50.1 1.75% 48.89% 8.87% 0.66% $429.1M
76 FM Bank Waseca 49.6 1.34% 53.28% 7.66% 0.12% $738.4M
77 F & M Community Bank, N.A. Preston 49.6 1.23% 70.22% 9.93% 0.00% $211.1M
78 Kensington Bank Kensington 49.5 1.21% 49.58% 9.90% 0.44% $446.7M
79 Northwoods Bank of Minnesota Park Rapids 48.9 1.03% 72.46% 11.22% 0.02% $140.6M
80 United Prairie Bank Mountain Lake 48.8 1.52% 54.33% 9.68% 0.55% $939.3M
81 Pioneer Bank Mapleton 48.8 1.52% 56.50% 10.20% 0.67% $883.8M
82 The Wanda State Bank Wanda 48.2 0.87% 53.73% 12.12% 0.68% $229.8M
83 Merchants Bank, N.A. Winona 48.1 1.25% 63.99% 11.49% 0.41% $2.88B
84 Park State Bank Duluth 48.0 1.17% 47.99% 9.89% 0.56% $1.49B
85 New Market Bank Elko New Market 47.9 1.21% 65.32% 9.11% 0.00% $196.0M
86 Bankwest Rockford 47.7 1.47% 60.61% 9.47% 0.25% $239.9M
87 State Bank of Fairmont Fairmont 47.3 1.61% 54.98% 10.40% 1.40% $154.2M
88 Profinium, Inc. Truman 46.9 1.07% 63.45% 10.17% 0.10% $533.1M
89 Tradition Capital Bank Wayzata 46.7 1.02% 51.77% 8.87% 0.15% $2.72B
90 North Shore Bank of Commerce Duluth 46.1 1.78% 70.18% 8.74% 0.11% $598.5M
91 Minnstar Bank N.A. Lake Crystal 45.9 1.12% 60.30% 10.38% 0.31% $204.0M
92 Hometown Community Bank Cyrus 45.8 1.80% 49.53% 9.09% 1.53% $105.7M
93 Deerwood Bank Waite Park 45.7 1.80% 59.94% 8.06% 0.36% $1.52B
94 First State Bank Southwest Pipestone 45.4 1.34% 58.54% 9.69% 0.40% $409.9M
95 Glenwood State Bank (Incorporated) Glenwood 45.3 1.75% 57.67% 10.28% 1.83% $545.2M
96 Viking Bank, N.A. Alexandria 45.2 1.84% 55.99% 9.19% 0.97% $330.3M
97 Esb Bank Caledonia 45.0 1.55% 51.93% 9.20% 0.91% $208.9M
98 Farmers State Bank of Hamel Hamel 44.2 0.75% 64.00% 9.52% 0.00% $198.3M
99 Alliance Bank Lake City 44.0 0.89% 68.95% 10.07% 0.01% $755.9M
100 Citizens Bank & Trust Co., Hutchinson, Minn. Hutchinson 43.8 1.26% 58.83% 8.63% 0.20% $329.0M

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How the score works

Each bank gets a percentile on each of four ratios, measured against every US bank that filed a Call Report for the quarter and turned so that higher is always better: 100 is the best bank in the country on that ratio and 0 the weakest. The score is the plain average of the four percentiles; 3,583 banks nationwide are scored.

A bank is scored when it is ranked on all four of those leaderboards: at least $100 million in total assets, open, a lending institution, and a quarter not driven by gains or losses on equity securities. Banks are listed by headquarters state.

Frequently asked questions

What is the best bank in Minnesota?

By our financial strength score, Vermillion State Bank of Vermillion ranks first among the 166 scored banks headquartered in Minnesota, scoring 83.2 out of 100 for Q2 2026: return on assets of 2.60%, an efficiency ratio of 22.31%, a Tier 1 leverage ratio of 13.40% and nonperforming assets of 0.20% of total assets. Scale Bank and Security State Bank of Wanamingo, Incorporated rank second and third.

How are the best banks in Minnesota ranked?

Each bank is placed on four Call Report ratios against every US bank that filed for the quarter: return on assets and the Tier 1 leverage ratio, where higher is better, and the efficiency ratio and the nonperforming assets ratio, where lower is better. Each placement is a percentile from 0 to 100, and the score is their average. Only banks with at least $100 million in assets that are ranked on all four ratios are scored, 3,583 banks nationwide.

Does this ranking say which bank I should open an account with?

No. The score reads only what a bank files with its regulators: earnings, cost control, capital and problem assets. It does not measure deposit rates, fees, branches, apps or service, which matter most when choosing a bank for an account, and it is not a safety rating. FDIC insurance protects deposits at insured banks up to the legal limit regardless of a bank's score.

Best banks in other states

More in Minnesota

Largest banks in Minnesota Bank deposits in Minnesota Largest credit unions in Minnesota Return on assets ranking Efficiency ratio ranking Tier 1 leverage ratio ranking Nonperforming assets ratio ranking All rankings

Source: FFIEC Call Reports for Q2 2026, refreshed as each quarter's filings are processed. A ranking is not a safety rating: FDIC insurance covers deposits at insured banks up to the legal limit, whatever the score. Check your coverage with the FDIC insurance calculator.