| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Merchants Bank, National Association | Bank | 2 | $178.0M | 22.07% |
| 2 | First Southeast Bank | Bank | 3 | $116.0M | 14.39% |
| 3 | Rushford State Bank (Incorporated) | Bank | 1 | $104.8M | 12.99% |
| 4 | Root River State Bank | Bank | 1 | $80.4M | 9.98% |
| 5 | F & M Community Bank, National Association | Bank | 1 | $70.5M | 8.74% |
| 6 | Alerus Financial, National Association | Bank | 1 | $64.8M | 8.03% |
| 7 | Minnwest Bank | Bank | 2 | $46.9M | 5.82% |
| 8 | First State Bank Minnesota | Bank | 1 | $45.4M | 5.63% |
| 9 | First State Bank Of Fountain | Bank | 1 | $38.6M | 4.79% |
| 10 | First National Bank | Bank | 1 | $34.9M | 4.33% |
| 1 more institutions, year-over-year share and branch changes with Pro →$29/mo, cancel any time. | |||||
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $806.3M | 11 | 15 | Merchants Bank, National Association | 22.1% | 1,221 |
| 2025 | $773.8M | 11 | 15 | Merchants Bank, National Association | 22.0% | 1,211 |
| 2024 | $755.7M | 11 | 15 | Merchants Bank, National Association | 21.3% | 1,188 |
| 2023 | $725.5M | 11 | 16 | Merchants Bank, National Association | 18.7% | 1,151 |
| 2022 | $744.9M | 11 | 16 | Merchants Bank, National Association | 17.7% | 1,138 |
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.