| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Wadena State Bank | Bank | 2 | $164.0M | 30.86% |
| 2 | COMMUNITY FIRST BANK | Bank | 2 | $106.2M | 19.98% |
| 3 | Magnifi Financial Credit Union | Credit union | 1 | $74.9M* | 14.10% |
| 4 | Mid Minnesota Federal Credit Union | Credit union | 1 | $58.2M* | 10.95% |
| 5 | Mid-Central National Bank | Bank | 1 | $51.9M | 9.77% |
| 6 | Trustar Federal Credit Union | Credit union | 1 | $49.3M* | 9.27% |
| 7 | Star Bank | Bank | 1 | $26.9M | 5.06% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 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 | $501.2M | 6 | 8 | Wadena State Bank | 33.9% | 2,161 |
| 2022 | $533.2M | 6 | 8 | Wadena State Bank | 33.6% | 2,118 |
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.