Safest Banks in Minnesota 2026
Minnesota has 225 FDIC-insured banks with an average Bank Health Score of 80/100 (A). The safest bank is Welcome State Bank with a score of 100/100.
Data from FDIC Q2 2024
225 Minnesota banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Minnesota's 225 FDIC-insured banks hold a combined $118.1B in assets. Their average Bank Health Score of 80/100 sits 0.0 points in line with the national average of 80/100. Across the state, 87% of banks earn an A or B grade for financial health, while 2% fall to a D or F.
The largest bank headquartered in Minnesota is Ameriprise Bank FSB with $22.7B in assets and a Bank Health Score of 99/100. The strongest by score is Welcome State Bank in Welcome (100/100, Tier 1 capital 18.84%). The weakest is Community Bank Mankato at 43/100, dragged down by an NPL ratio of 2.14%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Minnesota
Welcome State Bank
Welcome, MN
Minnesota's top-rated bank, with a Tier 1 capital ratio of 18.84% — well above the federal "well-capitalized" threshold of 8%. Holds $40M in assets.
Cetera Trust Co NA
St. Paul, MN
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $17M in total assets.
Dayforce National Trust Bank
Bloomington, MN
Third in the rankings on the Bank Health Score. Liquidity ratio of 89.52% and ROA of 28.28%.
Top 20 of 225 Banks in Minnesota
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Welcome State Bank | Welcome | A | 100 | 18.84% | 0.02% |
| 2 | Cetera Trust Co NA | St. Paul | A | 100 | 87.57% | 0.00% |
| 3 | Dayforce National Trust Bank | Bloomington | A | 100 | 85.35% | 0.00% |
| 4 | Lake Region Bank | New London | A | 99 | 23.38% | 0.04% |
| 5 | Security State Bank of Oklee | Oklee | A | 99 | 42.35% | 0.00% |
| 6 | First Security Bank-Hendrick | Hendricks | A | 99 | 27.71% | 0.00% |
| 7 | Ameriprise Bank FSB | Minneapolis | A | 99 | 34.51% | 0.15% |
| 8 | Marshall County State Bank | Newfolden | A | 99 | 60.71% | 0.00% |
| 9 | Pine Country Bank | Little Falls | A | 98 | 14.48% | 0.01% |
| 10 | First Security Bank Canby | Canby | A | 98 | 18.41% | 0.40% |
| 11 | First Nb of Mcintosh | Mcintosh | A | 98 | 53.94% | 0.26% |
| 12 | First Security Bk Sleepy Eye | Sleepy Eye | A | 98 | 34.10% | 0.29% |
| 13 | Triumph State Bank | Trimont | A | 97 | 16.00% | 0.01% |
| 14 | Progrowth Bank | Nicollet | A | 97 | 20.10% | 0.01% |
| 15 | Center National Bank | Litchfield | A | 96 | 16.92% | 0.01% |
| 16 | Farmers&Merchants Stb Spring | Springfield | A | 96 | 14.65% | 0.00% |
| 17 | Global Innovations Bank | Kiester | A | 96 | 22.54% | 0.17% |
| 18 | Think Mutual Bank | Rochester | A | 96 | 16.57% | 0.08% |
| 19 | First Stb of le Center | Le Center | A | 96 | 14.42% | 0.22% |
| 20 | Vermillion State Bank | Vermillion | A | 95 | 13.21% | 0.04% |
Bank Health Scores for Minnesota are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Welcome State Bank in Welcome is currently the safest bank in Minnesota with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 18.84% and a nonperforming loan ratio of 0.02%.
Minnesota has 225 FDIC-insured banks with a combined $118.1B in total assets. The average Bank Health Score across the state is 80/100 (Grade A).
Minnesota's average Bank Health Score of 80/100 is 0.0 points in line with the national average of 80/100. 87% of banks in Minnesota earn an A or B grade, compared with the national average grade of A.
Of 225 FDIC-insured banks headquartered in Minnesota, 124 earn an A, 72 a B, 24 a C, 5 a D, and 0 an F. The most common grade is A.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).