| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Merchants Bank, National Association | Bank | 2 | $170.0M | 25.74% |
| 2 | First Southeast Bank | Bank | 3 | $106.6M | 16.14% |
| 3 | Rushford State Bank (Incorporated) | Bank | 1 | $98.7M | 14.95% |
| 4 | F & M Community Bank, National Association | Bank | 1 | $71.5M | 10.82% |
| 5 | Alerus Financial, National Association | Bank | 1 | $67.3M | 10.19% |
| 6 | Minnwest Bank | Bank | 2 | $48.2M | 7.30% |
| 7 | First State Bank Minnesota | Bank | 1 | $38.2M | 5.78% |
| 8 | First National Bank | Bank | 1 | $34.6M | 5.24% |
| 9 | BMO Bank National Association | Bank | 1 | $25.3M | 3.83% |
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2025 | $660.4M | 9 | 13 | Merchants Bank, National Association | 25.7% | 1,496 |
| 2024 | $564.1M | 8 | 12 | Merchants Bank, National Association | 28.5% | 1,711 |
| 2023 | $538.7M | 8 | 13 | Merchants Bank, National Association | 25.1% | 1,650 |
| 2022 | $515.6M | 7 | 12 | Merchants Bank, National Association | 25.6% | 1,778 |
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.