Updated April 2026 · FDIC Call Report Q2 2024

A-Rated Banks in Minnesota

97 banks · Average score: 90/100 · Combined assets $45.6B

97 banks in this state currently hold A grades, averaging a composite score of 90/100. Within the tier, individual bank profiles still vary materially on which factor is driving the grade — review the table below for the per-bank breakdown. The tier averages a Tier 1 capital ratio of 19.54% and an NPL ratio of 0.40%, sourced from the most recent FDIC quarterly Call Report.

97 Minnesota banks earn an A grade on the BankHealth composite, with an average score of 90/100. A-grade banks combine strong Tier 1 capital, clean loan books, comfortable liquidity, and solid ROA.

State-and-grade combinations help depositors and policy researchers identify clusters of banking health (or stress) within a specific geography. The list below ranks Minnesota A-grade banks by health score with links to each bank's full profile.

A B C D F

What "A" Means in Practice

A-graded banks in Minnesota are the strongest tier — institutions with composite Bank Health Scores of 80 or higher across capital, loan quality, liquidity, and profitability. Currently 97 banks chartered in Minnesota qualify. A grades typically reflect well-above-regulatory capital cushions (often 12%+ Tier 1), sub-1% nonperforming loans, and ample liquidity buffers. Many A-graded banks are conservatively run community institutions or specialty banks with focused, lower-risk loan portfolios.

For depositors: A-graded institutions face less probability of regulatory action than peers, all else equal. That said, FDIC insurance — not the bank's grade — protects deposits up to $250,000 per depositor, per insured bank, per ownership category. The grade describes regulatory cushion; insurance describes guaranteed protection.

Tier-Wide Snapshot in Minnesota

Banks in this grade tier	97
Combined assets	$45.6B
Average composite score	90/100
Average Tier 1 capital ratio	19.54%
Average NPL ratio	0.40%

All A-Graded Banks in Minnesota

#	Bank	City	Score	Assets	Tier 1 Capital	NPL Ratio	Liquidity
1	Welcome State Bank	Welcome	100	$40M	18.84%	0.02%	30.23%
2	Lake Region Bank	New London	99	$137M	23.38%	0.04%	56.69%
3	Security State Bank of Oklee	Oklee	99	$44M	42.35%	0.00%	56.62%
4	First Security Bank-Hendrick	Hendricks	99	$41M	27.71%	0.00%	55.12%
5	Ameriprise Bank FSB	Minneapolis	99	$22.7B	34.51%	0.15%	93.41%
6	Marshall County State Bank	Newfolden	99	$40M	60.71%	0.00%	66.57%
7	Pine Country Bank	Little Falls	98	$244M	14.48%	0.01%	31.56%
8	First Security Bank Canby	Canby	98	$79M	18.41%	0.40%	47.32%
9	First Nb of Mcintosh	Mcintosh	98	$37M	53.94%	0.26%	53.38%
10	First Security Bk Sleepy Eye	Sleepy Eye	98	$179M	34.10%	0.29%	65.56%
11	Triumph State Bank	Trimont	97	$89M	16.00%	0.01%	26.98%
12	Progrowth Bank	Nicollet	97	$413M	20.10%	0.01%	77.01%
13	Center National Bank	Litchfield	96	$236M	16.92%	0.01%	39.97%
14	Farmers&Merchants Stb Spring	Springfield	96	$135M	14.65%	0.00%	33.43%
15	Global Innovations Bank	Kiester	96	$73M	22.54%	0.17%	27.96%
16	First Stb of le Center	Le Center	96	$105M	14.42%	0.22%	31.45%
17	Liberty Bank Minnesota	Saint Cloud	95	$271M	24.58%	0.00%	39.84%
18	State Bank of Chandler	Chandler	95	$65M	16.43%	0.00%	26.71%
19	Citizens Stb of Waverly INC	Waverly	95	$113M	16.61%	0.00%	42.35%
20	Produce State Bank	Hollandale	94	$111M	21.66%	1.05%	50.54%
21	State Bank of Jeffers	Jeffers	94	$36M	15.79%	0.22%	25.03%
22	Lake Central Bank	Annandale	94	$272M	13.77%	0.07%	39.31%
23	Neighborhood National Bank	Mora	94	$303M	14.82%	0.05%	34.29%
24	Castle Rock Bank	Castle Rock	94	$263M	23.37%	0.15%	54.20%
25	1st United Bank	Faribault	94	$173M	17.21%	0.27%	48.29%
26	Freeport State Bank	Freeport	94	$163M	13.99%	0.00%	33.75%
27	Farmers State Bank of Hamel	Hamel	94	$205M	18.49%	0.03%	60.57%
28	Peoples State Bank of Wells	Wells	94	$62M	14.22%	0.23%	30.60%
29	Grand Marais State Bank	Grand Marais	94	$116M	14.74%	0.00%	37.35%
30	Park State Bank	Duluth	94	$1.4B	13.82%	0.33%	33.45%
31	Pine River State Bank	Pine River	93	$174M	14.73%	0.00%	35.87%
32	United Minnesota Bank	New London	93	$50M	14.24%	0.88%	36.06%
33	Arlington State Bank	Arlington	93	$60M	24.44%	0.12%	67.27%
34	Perennial Bank	Darwin	93	$139M	23.08%	0.43%	58.37%
35	Bankwest	Rockford	93	$237M	16.63%	0.52%	46.70%
36	Citizens Independent Bank	Saint Louis Park	93	$332M	16.56%	0.05%	31.69%
37	First Nb of Coleraine	Coleraine	93	$103M	17.29%	0.00%	54.40%
38	First National Bank North	Walker	93	$740M	17.44%	0.08%	23.88%
39	First Stb of Sauk Centre	Sauk Centre	93	$157M	16.43%	0.29%	43.90%
40	Root River State Bank	Chatfield	92	$83M	19.41%	0.00%	55.35%
41	Northern Stb Thief River Fal	Thief River Fall	92	$443M	25.46%	0.95%	56.43%
42	Lake Country Community Bank	Morristown	92	$28M	24.84%	0.00%	48.33%
43	Mid-Central National Bank	Wadena	92	$120M	30.69%	0.20%	28.43%
44	First Nb of Proctor	Proctor	92	$31M	22.81%	0.08%	41.19%
45	First State Bank Southwest	Pipestone	92	$394M	16.19%	0.56%	41.54%
46	Northeast Bank	Minneapolis	91	$743M	13.02%	0.02%	29.59%
47	Cenbank	Buffalo Lake	91	$81M	12.44%	0.00%	40.62%
48	Security Stb of Marine	Marine on St. Cr	90	$207M	14.54%	0.00%	21.52%
49	First Farmers&Merchants Bank	Cannon Falls	90	$465M	12.65%	0.00%	36.24%
50	State Bank of Cold Spring	Cold Spring	90	$89M	19.90%	0.72%	52.24%
51	Red Rock Bank	Sanborn	90	$46M	15.71%	0.99%	41.79%
52	Bank of Elk River	Elk River	90	$675M	13.49%	0.04%	37.52%
53	State Bank of Easton	Easton	90	$28M	19.37%	1.17%	39.07%
54	First Finl Bk in Winnebago	Winnebago	90	$60M	16.62%	0.22%	32.70%
55	First State Bank of Red Wing	Red Wing	90	$80M	20.17%	0.20%	55.17%
56	First Stb of Swanville	Swanville	90	$25M	20.92%	0.00%	22.11%
57	Grove Bank	Grove City	90	$54M	16.47%	0.46%	32.34%
58	First State Bank of Fountain	Fountain	90	$38M	17.18%	0.00%	57.13%
59	Security Stb of Hibbing	Hibbing	89	$155M	15.52%	1.41%	39.36%
60	Worthington FSB FSB	Worthington	89	$104M	31.97%	0.34%	27.53%
61	Jackson Fs&La	Jackson	89	$28M	56.03%	0.17%	33.74%
62	Northern Stb of Gonvick	Gonvick	88	$50M	52.92%	1.66%	68.26%
63	Woodlands National Bank	Hinckley	88	$338M	19.95%	1.12%	54.05%
64	First Nb at St James	Saint James	88	$36M	13.45%	0.10%	28.56%
65	Bankcherokee	Saint Paul	88	$382M	13.60%	0.41%	33.14%
66	State Bank of Faribault	Faribault	87	$304M	12.18%	0.00%	39.74%
67	Northern Stb of Virginia	Virginia	87	$99M	14.29%	0.00%	24.84%
68	Minnesota Lakes Bank	Delano	87	$136M	14.31%	1.38%	36.58%
69	Bank of Maple Plain	Maple Plain	87	$93M	27.51%	1.30%	48.41%
70	First State Bank&Trust	Bayport	86	$377M	13.47%	0.09%	23.75%
71	Citizens Bank&Trust Co	Hutchinson	86	$315M	12.80%	0.59%	42.58%
72	Community Development Bk FSB	Ogema	86	$167M	20.40%	2.39%	36.45%
73	Citizens Alliance Bank	Clara City	86	$1.6B	11.92%	0.48%	34.65%
74	Citizens Stb Norwood Young A	Norwood Young Am	86	$135M	14.49%	1.51%	47.89%
75	Miners Nb of Eveleth	Eveleth	86	$87M	17.85%	0.00%	19.11%
76	Gateway Bank	Mendota Heights	86	$260M	13.86%	0.00%	21.59%
77	Stearns Bank Upsala NA	Upsala	86	$63M	33.87%	0.32%	20.65%
78	Sterling State Bank	Austin	85	$510M	12.42%	0.09%	42.22%
79	First Nb of Bagley	Bagley	85	$111M	13.01%	0.71%	31.98%
80	American Heritage Nb	Long Prairie	85	$550M	14.25%	0.00%	19.01%
81	Peoples Stb of Plainview	Plainview	84	$368M	12.59%	0.21%	26.69%
82	Lake Elmo Bank	Lake Elmo	84	$499M	15.60%	0.70%	18.80%
83	State Bank of Bellingham	Bellingham	84	$52M	19.77%	1.41%	42.09%
84	North American Banking Co	Roseville	84	$1.2B	13.64%	1.04%	40.51%
85	Stearns Bank Holdingford NA	Holdingford	83	$79M	34.69%	0.54%	19.70%
86	Fm Bank	Waseca	83	$626M	10.52%	0.04%	38.61%
87	Security Bank&Trust Co	Glencoe	83	$1.1B	12.39%	0.23%	23.46%
88	Integrity Bank Plus	Wabasso	83	$90M	14.14%	1.00%	21.49%
89	Farmers Stb of Trimont	Trimont	83	$78M	22.69%	2.36%	33.13%
90	21st Century Bank	Loretto	83	$738M	15.52%	0.09%	18.59%
91	Harvest Bank	Kimball	82	$226M	12.37%	0.89%	30.58%
92	Security Bank USA	Bemidji	82	$243M	13.59%	1.13%	26.45%
93	New Market Bank	Elko New Market	82	$190M	10.27%	0.00%	31.31%
94	Lakeview Bank	Lakeville	82	$167M	13.43%	1.03%	25.34%
95	State Bank of Taunton	Taunton	81	$49M	16.37%	1.18%	24.93%
96	Rushford State Bank INC	Rushford	80	$95M	10.32%	0.09%	38.38%
97	First Nb of Cokato	Cokato	80	$124M	11.79%	1.17%	28.79%

For Depositors at A-Graded Banks

FDIC insurance — not the bank's grade — guarantees deposits up to $250,000 per depositor, per insured bank, per ownership category. Verify your bank's status and your specific coverage at FDIC.gov. The Bank Health Score and grade describe regulatory cushion in relative terms; insurance describes guaranteed protection.

For combined balances above $250,000 at a single bank, the FDIC's Electronic Deposit Insurance Estimator (EDIE) calculates exactly which dollars are insured. Account titling — joint, individual, retirement, payable-on-death — affects coverage. Federal regulators including the OCC publish the rules; FDIC.gov is the authoritative consumer source.

How These Grades Are Calculated

Every bank earns a Bank Health Score from four FDIC Call Report inputs: Tier 1 capital ratio (35%), NPL ratio inverted (30%), liquidity ratio (25%), and return on assets (10%). The 0–100 composite maps to A (80+), B (65–79), C (50–64), D (35–49), and F (under 35). Data flows from the FDIC BankFind API and the FFIEC Call Report archive. Read the full methodology.

Frequently Asked Questions

What does a A grade mean for a bank?

How many A-graded banks are in Minnesota?

What does this tier look like financially?

Across 97 A-graded banks in Minnesota, the average Tier 1 capital ratio is 19.54% and the average nonperforming-loan ratio is 0.40%. Combined assets in this cohort total $45.6B. These numbers come straight from the most recent quarterly FDIC Call Report.

Are deposits at A-graded banks still FDIC-insured?

Where does this data come from?

Bank financials are pulled from the FDIC BankFind API, which sources directly from quarterly Call Reports filed with the FFIEC. Health Scores are computed from a transparent four-factor formula using public Call Report fields. All FDIC and FFIEC data is U.S. government public domain.

All banks in Minnesota →All grade A banks nationwide →Healthiest Banks →Methodology →

Sources: FDIC BankFind API ( banks.data.fdic.gov); FFIEC Call Reports ( cdr.ffiec.gov/public); OCC ( occ.gov). Public domain.

Last updated 2026-04-06 · 97 A-graded banks in Minnesota. Informational only; not investment advice. Verify FDIC insurance directly at FDIC.gov.