Question 1

Which Minnesota banks have the most non-performing commercial & industrial?

Accepted Answer

1. FIRST NATIONAL BANK OF FAIRFAX, THE (MN) — 31.35% NPL; 2. FIRST NATIONAL BANK OF FAIRFAX, THE (MN) — 31.35% NPL; 3. FIRST NATIONAL BANK OF MCINTOSH, THE (MN) — 25.51% NPL; 4. FIRST NATIONAL BANK OF MCINTOSH, THE (MN) — 25.51% NPL; 5. STATE BANK OF BELLINGHAM (MN) — 20.67% NPL

Question 2

How large is the commercial & industrial market for Minnesota banks?

Accepted Answer

As of Q2 2025, 472 Minnesota banks report commercial & industrial portfolios totaling $22.0B. Non-performing loans in this category total $284.6M — an average NPL ratio of 1.29% — with $162.8M 30-89 days delinquent, $21.6M 90+ days delinquent, and $263.1M in nonaccrual status.

Bank Name	State	Portfolio	NPL	NPL %
FIRST NATIONAL BANK OF FAIRFAX, THE	MN	$1.0M	$316K	31.35%
FIRST NATIONAL BANK OF FAIRFAX, THE	MN	$1.0M	$316K	31.35%
FIRST NATIONAL BANK OF MCINTOSH, THE	MN	$1.2M	$313K	25.51%
FIRST NATIONAL BANK OF MCINTOSH, THE	MN	$1.2M	$313K	25.51%
STATE BANK OF BELLINGHAM	MN	$1.3M	$271K	20.67%
STATE BANK OF BELLINGHAM	MN	$1.3M	$271K	20.67%
LUMINATE BANK	MN	$55.9M	$10.8M	19.42%
LUMINATE BANK	MN	$55.9M	$10.8M	19.42%

Minnesota Commercial & Industrial

Delinquency Breakdown

Banks by NPL Ratio

Top Distressed Banks - Commercial & Industrial in Minnesota

Commercial & Industrial in Other States

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