Updated June 2026 · FDIC Call Report Q2 2024
B-Rated Banks in Minnesota
72 banks · Average score: 73/100 · Combined assets $56.0B
72 banks in this state currently hold B grades, averaging a composite score of 73/100. 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 12.31% and an NPL ratio of 0.63%, sourced from the most recent FDIC quarterly Call Report.
72 Minnesota banks hold a B grade (73/100 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.
What "B" Means in Practice
B-graded banks in Minnesota are healthy mid-tier institutions — composite scores of 65–79. Currently 72 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 | 72 |
| Combined assets | $56.0B |
| Average composite score | 73/100 |
| Average Tier 1 capital ratio | 12.31% |
| Average NPL ratio | 0.63% |
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 | Cornerstone State Bank | Montgomery | 79 | $226M | 9.98% | 0.08% | 32.54% |
| 3 | First Bank Blue Earth | Blue Earth | 79 | $301M | 9.76% | 0.15% | 31.39% |
| 4 | Deerwood Bank | Waite Park | 79 | $979M | 13.33% | 0.17% | 17.33% |
| 5 | First Nb of Milaca | Milaca | 79 | $269M | 16.43% | 2.61% | 32.03% |
| 6 | Minnesota National Bank | Sauk Centre | 79 | $301M | 10.51% | 0.02% | 24.17% |
| 7 | Wnb Financial N A | Winona | 79 | $544M | 9.89% | 0.04% | 29.34% |
| 8 | Americana Community Bank | Sleepy Eye | 79 | $175M | 12.47% | 0.04% | 21.23% |
| 9 | Farmers&Merchants Stb Ny Mil | New York Mills | 79 | $77M | 24.23% | 2.69% | 50.46% |
| 10 | Bremer Bank National Assn | Saint Paul | 78 | $16.2B | 12.05% | 0.51% | 24.00% |
| 11 | United Bankers Bank | Bloomington | 78 | $1.1B | 15.19% | 1.25% | 21.24% |
| 12 | Entrebank | Bloomington | 78 | $272M | 13.99% | 0.00% | 16.47% |
| 13 | Citizens Bank Minnesota | New Ulm | 78 | $564M | 11.04% | 0.11% | 26.11% |
| 14 | Elysian Bank | Elysian | 77 | $63M | 14.44% | 1.13% | 15.25% |
| 15 | Commerce Bank | Geneva | 77 | $258M | 13.96% | 0.21% | 15.37% |
| 16 | Farmers&Merchants Stb Alpha | Alpha | 77 | $47M | 11.68% | 1.60% | 37.87% |
| 17 | Frandsen Bank&Trust | Lonsdale | 77 | $3.5B | 10.72% | 0.21% | 22.35% |
| 18 | Frost State Bank | Frost | 77 | $50M | 18.76% | 0.30% | 8.48% |
| 19 | Premier Bank Minnesota | Hastings | 77 | $690M | 12.35% | 0.04% | 17.17% |
| 20 | B2 Bank National Assn | Virginia | 77 | $86M | 27.16% | 0.19% | 12.74% |
| 21 | First Nb of Gilbert | Gilbert | 77 | $78M | 13.18% | 0.00% | 17.89% |
| 22 | First Nb of Henning | Ottertail | 77 | $368M | 11.79% | 0.74% | 24.80% |
| 23 | State Bank of Fairmont | Fairmont | 77 | $136M | 13.81% | 1.21% | 19.90% |
| 24 | Bonanza Valley State Bank | Brooten | 76 | $73M | 12.79% | 0.01% | 18.70% |
| 25 | First Farmers&Merchants Stb | Grand Meadow | 76 | $91M | 10.92% | 0.05% | 20.38% |
| 26 | Keen Bank National Assn | Waseca | 76 | $179M | 11.93% | 0.56% | 21.35% |
| 27 | Bridgewater Bank | Saint Louis Park | 76 | $4.7B | 12.82% | 0.02% | 15.68% |
| 28 | Arcadian Bank | Hartland | 75 | $224M | 11.92% | 0.26% | 18.27% |
| 29 | Community Bank Owatonna | Owatonna | 75 | $90M | 11.72% | 0.74% | 25.80% |
| 30 | Security Stb of Kenyon | Kenyon | 74 | $70M | 15.98% | 1.63% | 17.02% |
| 31 | Premier Bank | Maplewood | 74 | $1.1B | 11.61% | 0.64% | 17.99% |
| 32 | Northwestern Bank NA | Dilworth | 74 | $158M | 10.29% | 0.29% | 23.20% |
| 33 | Stearns Bank National Assn | Saint Cloud | 73 | $3.2B | 17.21% | 1.98% | 15.79% |
| 34 | Home Federal Savings Bank | Rochester | 73 | $1.1B | 11.94% | 0.36% | 19.19% |
| 35 | Citizens Nb of Park Rapids | Park Rapids | 73 | $349M | 11.44% | 0.25% | 16.19% |
| 36 | Northview Bank | Sandstone | 72 | $449M | 9.92% | 0.12% | 22.88% |
| 37 | Alliance Bank | Lake City | 72 | $733M | 11.54% | 0.50% | 18.39% |
| 38 | Security Stb of Wanamingo | Wanamingo | 72 | $90M | 12.06% | 0.26% | 11.43% |
| 39 | Midcountry Bank | Minneapolis | 72 | $1.2B | 13.40% | 1.16% | 20.59% |
| 40 | First Farmers&Merchants Nb | Fairmont | 72 | $137M | 11.55% | 0.21% | 16.43% |
| 41 | Key Community Bank | Inver Grove Heig | 72 | $110M | 10.15% | 0.00% | 20.15% |
| 42 | Minnwest Bank | Redwood Falls | 71 | $3.1B | 10.29% | 0.64% | 21.60% |
| 43 | Concorde Bank | Blomkest | 71 | $76M | 13.29% | 2.05% | 17.82% |
| 44 | F&M Community Bank NA | Preston | 70 | $205M | 9.13% | 0.00% | 22.59% |
| 45 | Kensington Bank | Kensington | 70 | $420M | 10.31% | 0.25% | 17.29% |
| 46 | Minnesota 1st Credit&Svg INC | Rochester | 70 | $25M | 23.17% | 0.00% | 7.00% |
| 47 | First Bank Elk River | Elk River | 70 | $361M | 9.36% | 0.02% | 21.17% |
| 48 | Community Resource Bank | Northfield | 70 | $380M | 12.32% | 0.43% | 12.93% |
| 49 | First Nb Minnesota | Saint Peter | 70 | $451M | 11.04% | 0.51% | 18.11% |
| 50 | Drake Bank | Saint Paul | 70 | $247M | 9.04% | 0.27% | 23.29% |
| 51 | Farmers&Merchants Stb Applet | Appleton | 70 | $64M | 11.29% | 1.81% | 20.46% |
| 52 | Farmers Stb of Underwood | Underwood | 69 | $107M | 10.48% | 1.42% | 22.84% |
| 53 | Esb Bank | Caledonia | 69 | $172M | 9.81% | 0.00% | 14.37% |
| 54 | Eagle Rock Bank | Rochester | 69 | $257M | 11.52% | 0.02% | 12.41% |
| 55 | First Stb of Rosemount | Rosemount | 69 | $128M | 10.36% | 1.16% | 25.70% |
| 56 | First State Bank Minnesota | Le Roy | 68 | $94M | 10.86% | 0.99% | 17.52% |
| 57 | Profinium INC | Truman | 68 | $529M | 11.12% | 0.17% | 17.17% |
| 58 | Riverwood Bank | Baxter | 68 | $641M | 11.01% | 0.89% | 16.67% |
| 59 | First Nb of Osakis | Osakis | 68 | $92M | 11.17% | 0.06% | 14.87% |
| 60 | State Bank of Lake Park | Lake Park | 68 | $44M | 10.15% | 2.22% | 43.80% |
| 61 | Grand Timber Bank | Mcgregor | 67 | $60M | 14.93% | 2.36% | 11.35% |
| 62 | Foresight Bank | Plainview | 67 | $377M | 11.82% | 0.42% | 12.37% |
| 63 | Heritage Bank Minnesota | West Concord | 67 | $102M | 10.90% | 0.36% | 14.69% |
| 64 | Minnstar Bank National Assn | Lake Crystal | 66 | $205M | 13.04% | 0.30% | 7.30% |
| 65 | Tradition Capital Bank | Wayzata | 66 | $2.6B | 9.44% | 0.09% | 17.43% |
| 66 | United Farmers State Bank | Adams | 66 | $206M | 10.52% | 0.00% | 8.36% |
| 67 | Woodland Bank | Deer River | 66 | $156M | 10.96% | 0.28% | 13.59% |
| 68 | Merchants Bank National Assn | Winona | 66 | $2.6B | 12.04% | 0.56% | 10.17% |
| 69 | Sherburne State Bank | Becker | 65 | $278M | 9.65% | 1.37% | 17.77% |
| 70 | First Southeast Bank | Harmony | 65 | $129M | 9.26% | 0.00% | 14.67% |
| 71 | Platinum Bank | Oakdale | 65 | $625M | 11.02% | 1.43% | 15.31% |
| 72 | 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?
B-graded banks in Minnesota are healthy mid-tier institutions — composite scores of 65–79. Currently 72 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.
How many B-graded banks are in Minnesota?
72 banks in this state currently hold B grades, averaging a composite score of 73/100. 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.
What does this tier look like financially?
Across 72 B-graded banks in Minnesota, the average Tier 1 capital ratio is 12.31% and the average nonperforming-loan ratio is 0.63%. Combined assets in this cohort total $56.0B. These numbers come straight from the most recent quarterly FDIC Call Report.
Are deposits at B-graded banks still FDIC-insured?
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.
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.
Sources: FDIC BankFind API ( banks.data.fdic.gov); FFIEC Call Reports ( cdr.ffiec.gov/public); OCC ( occ.gov). Public domain.
Last updated 2026-06-29 · 72 B-graded banks in Minnesota. Informational only; not investment advice. Verify FDIC insurance directly at FDIC.gov.