| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Wadena State Bank | Bank | 2 | $170.7M | 30.93% |
| 2 | COMMUNITY FIRST BANK | Bank | 2 | $108.4M | 19.65% |
| 3 | Magnifi Financial Credit Union | Credit union | 1 | $78.3M* | 14.19% |
| 4 | Mid Minnesota Federal Credit Union | Credit union | 1 | $63.9M* | 11.58% |
| 5 | Trustar Federal Credit Union | Credit union | 1 | $52.3M* | 9.47% |
| 6 | Mid-Central National Bank | Bank | 1 | $50.5M | 9.15% |
| 7 | Star Bank | Bank | 1 | $27.8M | 5.04% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $551.8M | 7 | 9 | Wadena State Bank | 30.9% | 1,877 |
| 2025 | $531.5M | 7 | 9 | Wadena State Bank | 30.9% | 1,877 |
| 2024 | $474.2M | 6 | 8 | Wadena State Bank | 34.4% | 2,180 |
| 2023 | $504.3M | 6 | 8 | Wadena State Bank | 33.7% | 2,153 |
| 2022 | $536.5M | 6 | 8 | Wadena State Bank | 33.4% | 2,111 |
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.