| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Minnwest Bank | Bank | 1 | $99.7M | 37.54% |
| 2 | Frandsen Bank & Trust | Bank | 1 | $72.0M | 27.10% |
| 3 | Grand Marais State Bank | Bank | 1 | $37.2M | 14.02% |
| 4 | Star Bank | Bank | 1 | $32.7M | 12.30% |
| 5 | First Independent Bank | Bank | 1 | $24.0M | 9.04% |
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $265.6M | 5 | 5 | Minnwest Bank | 37.5% | 2,573 |
| 2025 | $267.1M | 5 | 5 | Minnwest Bank | 38.3% | 2,603 |
| 2024 | $252.7M | 5 | 5 | Minnwest Bank | 38.9% | 2,625 |
| 2023 | $248.5M | 5 | 5 | Minnwest Bank | 38.5% | 2,568 |
| 2022 | $279.9M | 5 | 5 | Minnwest Bank | 37.3% | 2,554 |
Every institution above links to its profile — ratios, peer medians and this quarter’s change signals. Pro adds the full table, share movement and CSV export.