Minnesota SBA 7(a) Lender Rankings for 2023

RANKLender# Loans$ AmountAverage Loan Size
1Frandsen Bank & Trust (MN)53$32,125,500$606,142
2First Bank & Trust (SD)24$32,102,800$1,337,617
3BankVista (MN)97$30,856,400$318,107
4The Huntington National Bank (OH)144$28,125,000$195,313
5Bremer Bank, National Association (MN)29$26,731,600$921,779
6U.S. Bank, National Association (OH)190$24,013,600$126,387
7Live Oak Banking Company (NC)15$22,241,000$1,482,733
8Platinum Bank (MN)28$18,832,000$672,571
9Hiawatha National Bank (WI)34$18,372,000$540,353
10Village Bank (MN)22$17,286,400$785,745
11Choice Financial Group (ND)37$15,678,700$423,749
12Highland Bank (MN)49$14,711,300$300,231
13Byline Bank (IL)14$14,030,000$1,002,143
14Bell Bank (ND)14$13,932,800$995,200
15Falcon National Bank (MN)23$11,027,700$479,465
16Minnwest Bank (MN)20$10,054,700$502,735
17Centerstone SBA Lending, Inc. (CA)3$9,424,000$3,141,333
18Alerus Financial, National Association (ND)9$8,613,000$957,000
19MidWestOne Bank (IA)13$7,864,600$604,969
20The Bank of Elk River (MN)8$7,797,100$974,638
21Wells Fargo Bank, National Association (SD)61$7,151,500$117,238
22Magnifi Financial CU (MN)18$5,924,500$329,139
23American National Bank (NE)8$5,657,600$707,200
24Ultima Bank Minnesota (MN)11$5,238,000$476,182
25Sunrise Banks, National Association (MN)20$5,154,800$257,740
26Northeast Bank (MN)14$5,116,000$365,429
27South Story Bank & Trust (IA)1$5,000,000$5,000,000
28Berkshire Bank (MA)2$5,000,000$2,500,000
29First Resource Bank (MN)14$4,425,000$316,071
30First Internet Bank of Indiana (IN)1$4,340,000$4,340,000
31First Western Bank & Trust (ND)18$4,282,800$237,933
32First Bank of the Lake (MO)4$3,929,000$982,250
33Security Bank USA (MN)20$3,901,800$195,090
34Granite Bank (MN)23$3,827,800$166,426
35Pathward National Association (SD)3$3,695,000$1,231,667
36Coulee Bank (WI)8$3,614,000$451,750
37Newtek Bank, National Association (FL)12$3,466,000$288,833
38Luminate Bank (MN)5$3,381,000$676,200
39BankCherokee (MN)10$3,243,000$324,300
40Lake Elmo Bank (MN)2$3,114,800$1,557,400
4121st Century Bank (MN)11$3,063,300$278,482
42Dogwood State Bank (NC)1$3,000,000$3,000,000
431st Financial Bank USA (SD)1$3,000,000$3,000,000
44Citizens Bank & Trust Co (MN)10$2,909,100$290,910
45BayFirst National Bank (FL)22$2,722,000$123,727
46Merchants Bank, National Association (MN)4$2,646,100$661,525
47MidCountry Bank (MN)5$2,640,600$528,120
48Financial Security Bank (MN)18$2,614,100$145,228
49Union Bank and Trust Company (MN)1$2,500,000$2,500,000
50BANKWEST (MN)3$2,409,000$803,000
51Members Cooperative CU (MN)12$2,403,000$200,250
52Tradition Capital Bank (MN)2$2,383,000$1,191,500
53The First National Bank of Henning (MN)2$2,365,000$1,182,500
54CIBC Bank USA (IL)2$2,328,500$1,164,250
55Alliance Bank (MN)3$2,245,000$748,333
56Readycap Lending, LLC (NJ)11$2,145,500$195,045
57Citizens Community Federal National Association (WI)2$2,092,400$1,046,200
58Gateway Bank (MN)5$2,013,100$402,620
59First Savings Bank (IN)1$1,972,000$1,972,000
60Sentry Bank (MN)7$1,931,200$275,886
61Stearns Bank National Association (MN)5$1,875,000$375,000
62Red River State Bank (MN)4$1,794,400$448,600
63T Bank, National Association (TX)1$1,794,000$1,794,000
64ProGrowth Bank (MN)5$1,791,300$358,260
65Kensington Bank (MN)9$1,680,000$186,667
66Five Star Bank (CA)4$1,640,000$410,000
67Manufacturers Bank & Trust Company (IA)6$1,602,800$267,133
68Unity Bank (WI)4$1,552,100$388,025
69Cadence Bank (MS)5$1,516,600$303,320
70Lake Country Community Bank (MN)1$1,407,000$1,407,000
71National Bank of Commerce (WI)2$1,398,000$699,000
72Union Bank and Trust Company (NE)2$1,393,000$696,500
73North American Banking Company (MN)3$1,390,000$463,333
74Pioneer Bank (MN)8$1,355,000$169,375
75United Minnesota Bank (MN)5$1,350,000$270,000
76Enterprise Bank & Trust (MO)1$1,319,300$1,319,300
77Minnesota Lakes Bank (MN)4$1,244,800$311,200
78Viking Bank National Association (MN)3$1,230,000$410,000
79LendingClub Bank, National Association (IL)1$1,219,000$1,219,000
80Neighborhood National Bank (MN)2$1,173,200$586,600
81Pine River State Bank (MN)8$1,100,600$137,575
82First State Bank Minnesota (MN)1$1,098,500$1,098,500
83North Shore Bank of Commerce (MN)2$1,095,000$547,500
84VisionBank (MN)5$1,045,800$209,160
85FWBank (IL)1$1,036,100$1,036,100
86Scale Bank (MN)6$1,001,200$166,867
87Northern State Bank of Virginia (MN)1$1,000,000$1,000,000
88The Citizens National Bank of Park Rapids (MN)7$994,300$142,043
89Drake Bank (MN)3$937,500$312,500
90Affinity Plus FCU (MN)11$922,000$83,818
91Associated Bank, National Association (WI)4$856,000$214,000
92Seacoast National Bank (FL)1$849,000$849,000
93Bank Midwest (IA)4$815,500$203,875
94Bridgewater Bank (MN)4$800,000$200,000
95Bank Five Nine (WI)2$795,000$397,500
96EntreBank (MN)3$757,000$252,333
97Celtic Bank Corporation (UT)8$753,000$94,125
98Farmers & Merchants Savings Bank (IA)1$752,100$752,100
99Citizens State Bank (WI)5$750,000$150,000
100HTLF Bank (CO)1$745,000$745,000
101Community Resource Bank (MN)5$720,000$144,000
102African Development Center (MN)2$700,000$350,000
103The First National Bank of Milaca (MN)4$695,000$173,750
104Citizens Independent Bank (MN)1$675,000$675,000
105First National Community Bank (WI)3$665,000$221,667
106First State Bank and Trust (MN)2$653,800$326,900
107First Federal Savings Bank (IN)1$600,000$600,000
108Aspire Bank (ND)2$600,000$300,000
109Mission Valley Bank (CA)2$561,400$280,700
110CorTrust Bank National Association (SD)5$548,500$109,700
111Wadena State Bank (MN)4$541,500$135,375
112MY CU (MN)6$517,500$86,250
113Welcome State Bank (MN)1$500,000$500,000
114Quaint Oak Bank (PA)1$486,000$486,000
115Patriot Bank, National Association (CT)1$470,000$470,000
116Home Federal Savings Bank (MN)2$457,000$228,500
117CRF Small Business Loan Company, LLC (MN)2$457,000$228,500
118United Prairie Bank (MN)3$450,000$150,000
119Citizens Alliance Bank (MN)1$450,000$450,000
120KodaBank (ND)2$442,800$221,400
121Citizens State Bank of Roseau (MN)1$430,000$430,000
122Midwest Bank (MN)3$411,100$137,033
123The Fidelity Bank (NC)1$410,000$410,000
124State Bank of Lake Park (MN)3$404,000$134,667
125The First National Bank in Sioux Falls (SD)2$400,000$200,000
126Starion Bank (ND)3$400,000$133,333
127MinnStar Bank National Association (MN)5$392,000$78,400
128Think Mutual Bank (MN)2$364,000$182,000
129Newtek Small Business Finance, Inc. (NY)2$356,000$178,000
130The First State Bank of Rosemount (MN)1$350,000$350,000
131Woodlands National Bank (MN)3$333,500$111,167
132First National Bank Minnesota (MN)1$333,000$333,000
133Sherburne State Bank (MN)2$324,000$162,000
134Prime Security Bank (MN)1$312,200$312,200
135Glenwood State Bank Incorporated (MN)3$311,200$103,733
136Lake Region Bank (MN)2$311,000$155,500
137Citizens State Bank of La Crosse (WI)2$303,500$151,750
138Bank of America, National Association (SC)1$300,000$300,000
139Altra FCU (WI)3$292,200$97,400
140First Farmers & Merchants Bank (MN)1$260,000$260,000
141Farmers State Bank of Underwood (MN)1$244,000$244,000
142First Children’s Finance (MN)2$230,000$115,000
143Northwestern Bank, National Association (MN)1$222,500$222,500
144Security Bank Minnesota (MN)3$220,000$73,333
145Community First Bank (MN)2$184,200$92,100
146United Community Bank (MN)6$165,000$27,500
147American National Bank of Minnesota (MN)3$160,000$53,333
148First National Bank (SD)4$158,500$39,625
149Cornerstone Bank (ND)1$150,000$150,000
150Premier Bank (MN)3$145,000$48,333
151Security Savings Bank (SD)2$142,000$71,000
152The State Bank of Faribault (MN)3$140,000$46,667
153Farmers & Merchants State Bank of New York Mills, Incorporated (MN)1$125,000$125,000
154First Citizens Bank (IA)2$123,000$61,500
155Bonanza Valley State Bank (MN)1$119,200$119,200
156New Market Bank (MN)1$112,000$112,000
157Farmers and Merchants State Bank of Pierz (MN)2$110,000$55,000
158Northeast Bank (ME)4$102,400$25,600
159Security State Bank of Aitkin (MN)2$100,000$50,000
160Profinium, Inc. (MN)1$100,000$100,000
161Premier Bank Minnesota (MN)1$100,000$100,000

Source: Lumos Data