Updated April 2026 · FDIC Call Report Q2 2024

B-Rated Banks in Minnesota

57 banks · Average score: 72/100 · Combined assets $52.8B

57 banks in this state currently hold B grades, averaging a composite score of 72/100. 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 12.19% and an NPL ratio of 0.65%, sourced from the most recent FDIC quarterly Call Report.

57 Minnesota banks hold a B grade (72/100 average score). B-grade banks sit comfortably above the national median across most factors but lack the cushion of A-grade peers on one or more dimensions.

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 B-grade banks by health score with links to each bank's full profile.

A B C D F

What "B" Means in Practice

B-graded banks in Minnesota are healthy mid-tier institutions — composite scores of 65–79. Currently 57 banks fit this category. The typical B-graded bank meets all regulatory thresholds with comfortable margin: solid capital, manageable loan losses, adequate liquidity. Most U.S. banks land in B territory; it's the workhorse middle of the distribution, not a warning sign.

For depositors: B-graded institutions are the broad middle of the U.S. banking system — solidly healthy and well within regulatory norms. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, per ownership category. No grade-based action needed; verify coverage at FDIC.gov if balances approach the limit.

Tier-Wide Snapshot in Minnesota

Banks in this grade tier	57
Combined assets	$52.8B
Average composite score	72/100
Average Tier 1 capital ratio	12.19%
Average NPL ratio	0.65%

All B-Graded Banks in Minnesota

#	Bank	City	Score	Assets	Tier 1 Capital	NPL Ratio	Liquidity
1	Highland Bank	Saint Michael	79	$759M	10.67%	0.03%	25.90%
2	Deerwood Bank	Waite Park	79	$979M	13.33%	0.17%	17.33%
3	First Nb of Milaca	Milaca	79	$269M	16.43%	2.61%	32.03%
4	Minnesota National Bank	Sauk Centre	79	$301M	10.51%	0.02%	24.17%
5	Americana Community Bank	Sleepy Eye	79	$175M	12.47%	0.04%	21.23%
6	Farmers&Merchants Stb Ny Mil	New York Mills	79	$77M	24.23%	2.69%	50.46%
7	Bremer Bank National Assn	Saint Paul	78	$16.2B	12.05%	0.51%	24.00%
8	United Bankers Bank	Bloomington	78	$1.1B	15.19%	1.25%	21.24%
9	Citizens Bank Minnesota	New Ulm	78	$564M	11.04%	0.11%	26.11%
10	Elysian Bank	Elysian	77	$63M	14.44%	1.13%	15.25%
11	Commerce Bank	Geneva	77	$258M	13.96%	0.21%	15.37%
12	Frandsen Bank&Trust	Lonsdale	77	$3.5B	10.72%	0.21%	22.35%
13	Frost State Bank	Frost	77	$50M	18.76%	0.30%	8.48%
14	Premier Bank Minnesota	Hastings	77	$690M	12.35%	0.04%	17.17%
15	B2 Bank National Assn	Virginia	77	$86M	27.16%	0.19%	12.74%
16	First Nb of Gilbert	Gilbert	77	$78M	13.18%	0.00%	17.89%
17	First Nb of Henning	Ottertail	77	$368M	11.79%	0.74%	24.80%
18	State Bank of Fairmont	Fairmont	77	$136M	13.81%	1.21%	19.90%
19	Bonanza Valley State Bank	Brooten	76	$73M	12.79%	0.01%	18.70%
20	First Farmers&Merchants Stb	Grand Meadow	76	$91M	10.92%	0.05%	20.38%
21	Keen Bank National Assn	Waseca	76	$179M	11.93%	0.56%	21.35%
22	Bridgewater Bank	Saint Louis Park	76	$4.7B	12.82%	0.02%	15.68%
23	Community Bank Owatonna	Owatonna	75	$90M	11.72%	0.74%	25.80%
24	Security Stb of Kenyon	Kenyon	74	$70M	15.98%	1.63%	17.02%
25	Premier Bank	Maplewood	74	$1.1B	11.61%	0.64%	17.99%
26	Stearns Bank National Assn	Saint Cloud	73	$3.2B	17.21%	1.98%	15.79%
27	Home Federal Savings Bank	Rochester	73	$1.1B	11.94%	0.36%	19.19%
28	Alliance Bank	Lake City	72	$733M	11.54%	0.50%	18.39%
29	Midcountry Bank	Minneapolis	72	$1.2B	13.40%	1.16%	20.59%
30	First Farmers&Merchants Nb	Fairmont	72	$137M	11.55%	0.21%	16.43%
31	Key Community Bank	Inver Grove Heig	72	$110M	10.15%	0.00%	20.15%
32	Minnwest Bank	Redwood Falls	71	$3.1B	10.29%	0.64%	21.60%
33	Concorde Bank	Blomkest	71	$76M	13.29%	2.05%	17.82%
34	Kensington Bank	Kensington	70	$420M	10.31%	0.25%	17.29%
35	Minnesota 1st Credit&Svg INC	Rochester	70	$25M	23.17%	0.00%	7.00%
36	Community Resource Bank	Northfield	70	$380M	12.32%	0.43%	12.93%
37	First Nb Minnesota	Saint Peter	70	$451M	11.04%	0.51%	18.11%
38	Farmers Stb of Underwood	Underwood	69	$107M	10.48%	1.42%	22.84%
39	Eagle Rock Bank	Rochester	69	$257M	11.52%	0.02%	12.41%
40	First Stb of Rosemount	Rosemount	69	$128M	10.36%	1.16%	25.70%
41	Profinium INC	Truman	68	$529M	11.12%	0.17%	17.17%
42	Riverwood Bank	Baxter	68	$641M	11.01%	0.89%	16.67%
43	First Nb of Osakis	Osakis	68	$92M	11.17%	0.06%	14.87%
44	Grand Timber Bank	Mcgregor	67	$60M	14.93%	2.36%	11.35%
45	Foresight Bank	Plainview	67	$377M	11.82%	0.42%	12.37%
46	Heritage Bank Minnesota	West Concord	67	$102M	10.90%	0.36%	14.69%
47	Minnstar Bank National Assn	Lake Crystal	66	$205M	13.04%	0.30%	7.30%
48	Tradition Capital Bank	Wayzata	66	$2.6B	9.44%	0.09%	17.43%
49	Woodland Bank	Deer River	66	$156M	10.96%	0.28%	13.59%
50	Merchants Bank National Assn	Winona	66	$2.6B	12.04%	0.56%	10.17%
51	Sherburne State Bank	Becker	65	$278M	9.65%	1.37%	17.77%
52	Vermillion State Bank	Vermillion	65	$832M	0.00%	0.04%	52.64%
53	First Southeast Bank	Harmony	65	$129M	9.26%	0.00%	14.67%
54	Cetera Trust Co NA	St. Paul	65	$17M	0.00%	0.00%	74.89%
55	Platinum Bank	Oakdale	65	$625M	11.02%	1.43%	15.31%
56	Dayforce National Trust Bank	Bloomington	65	$17M	0.00%	0.00%	89.52%
57	Prairie Sun Bank	Milan	65	$114M	10.13%	2.69%	27.91%

For Depositors at B-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 B grade mean for a bank?

How many B-graded banks are in Minnesota?

What does this tier look like financially?

Across 57 B-graded banks in Minnesota, the average Tier 1 capital ratio is 12.19% and the average nonperforming-loan ratio is 0.65%. Combined assets in this cohort total $52.8B. These numbers come straight from the most recent quarterly FDIC Call Report.

Are deposits at B-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 B 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 · 57 B-graded banks in Minnesota. Informational only; not investment advice. Verify FDIC insurance directly at FDIC.gov.