| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Grand Marais State Bank | Bank | 2 | $113.5M | 49.79% |
| 2 | North Shore Federal Credit Union | Credit union | 3 | $92.5M* | 40.57% |
| 3 | Security State Bank of Aitkin | Bank | 1 | $22.0M | 9.64% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $228.0M | 3 | 6 | Grand Marais State Bank | 49.8% | 4,218 |
| 2025 | $221.3M | 3 | 6 | Grand Marais State Bank | 48.8% | 4,193 |
| 2024 | $221.3M | 3 | 6 | Grand Marais State Bank | 46.5% | 4,260 |
| 2023 | $235.5M | 3 | 6 | Grand Marais State Bank | 46.9% | 4,282 |
| 2022 | $246.7M | 3 | 6 | Grand Marais State Bank | 49.1% | 4,314 |
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.