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Distressed Note Industry
Minnesota Residential Real Estate
Analyzing residential real estate loan performance across 485 Minnesota banks
As of Q2 2025, 485 Minnesota banks report residential real estate portfolios totaling $28.1B. Non-performing loans in this category total $94.4M — an average NPL ratio of 0.34% — with $130.0M 30-89 days delinquent, $17.4M 90+ days delinquent, and $77.0M in nonaccrual status. The most distressed lender in this category is SECURITY STATE BANK OF WARROAD (MN) with an NPL ratio of 20.20%.
Total Lenders
485
Total Loan Portfolio
$28.1B
Total NPL
$94.4M
Average NPL %
0.34%
Delinquency Breakdown
30-89 Days
$130.0M
90+ Days
$17.4M
Nonaccrual
$77.0M
Charge-offs
$263K
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Residential Real Estate in Minnesota
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| SECURITY STATE BANK OF WARROAD | MN | $1.0M | $207K | 20.20% |
| SECURITY STATE BANK OF WARROAD | MN | $1.0M | $207K | 20.20% |
| TRIUMPH STATE BANK | MN | $1.1M | $108K | 9.63% |
| VISIONBANK | MN | $51.4M | $2.6M | 5.06% |
| LOWRY STATE BANK | MN | $33.8M | $1.6M | 4.81% |
| VISIONBANK | MN | $54.3M | $2.6M | 4.78% |
| FIRST STATE BANK OF SWANVILLE | MN | $2.2M | $104K | 4.64% |
| LOWRY STATE BANK | MN | $27.7M | $1.3M | 4.56% |
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Residential Real Estate in Other States
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