| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | First Farmers & Merchants Bank | Bank | 6 | $345.3M | 21.58% |
| 2 | Merchants Bank, National Association | Bank | 2 | $280.1M | 17.50% |
| 3 | Frandsen Bank & Trust | Bank | 2 | $248.5M | 15.53% |
| 4 | Red Wing Credit Union | Credit union | 1 | $183.7M* | 11.48% |
| 5 | Wells Fargo Bank, National Association | Bank | 1 | $144.3M | 9.02% |
| 6 | Associated Bank, National Association | Bank | 1 | $116.4M | 7.27% |
| 7 | Security State Bank of Wanamingo | Bank | 1 | $87.7M | 5.48% |
| 8 | Security State Bank of Kenyon | Bank | 1 | $58.4M | 3.65% |
| 9 | Community Resource Bank | Bank | 1 | $53.9M | 3.37% |
| 10 | Alliance Bank | Bank | 1 | $32.4M | 2.02% |
| 3 more institutions, year-over-year share and branch changes with Pro →$29/mo, cancel any time. | |||||
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2025 | $1.60B | 13 | 20 | First Farmers & Merchants Bank | 21.6% | 1,342 |
| 2024 | $1.48B | 13 | 21 | First Farmers & Merchants Bank | 21.8% | 1,352 |
| 2023 | $1.49B | 13 | 21 | First Farmers & Merchants Bank | 21.7% | 1,332 |
| 2022 | $1.35B | 13 | 19 | First Farmers & Merchants Bank | 25.4% | 1,509 |
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.