Small-Balance CRE · MN
Small-Balance CRE lenders in Minnesota
178 lenders with an office in Minnesota hold small-balance commercial real estate loans on their books. Magnifi Financial Credit Union, based in Minnesota, holds the largest book among those based here, at $317.9M.
- Evidence
- Lender has a small-balance commercial real estate book (banks: 40% or more of it in loans of $1M or less; credit unions: an average non-owner-occupied loan of $1M or less) and has an office in Minnesota
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Lenders with an office here
- 178
- FDIC call report,
- Based here
- 162
- FDIC call report,
- Held by those based here
- $3.12B
- FDIC call report,
- Median book, based here
- $11.0M
- FDIC call report,
Cite this
Source: The Lender Report, Small-Balance CRE lenders in Minnesota, https://lender.report/small-balance-cre-lenders/minnesota/, data as of June 30, 2026.
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| Lender | Kind | Based in | Offices here | Holds | Growth, 12 months |
|---|---|---|---|---|---|
| Magnifi Financial Credit Union | Credit union | Melrose, MN | 27 | $318M | +19.1% |
| PrinsBank | Bank | Prinsburg, MN | 4 | $126M | |
| Sentry Bank | Bank | Saint Joseph, MN | 4 | $121M | |
| Sherburne Bank | Bank | Becker, MN | 4 | $120M | |
| First National Bank North | Bank | Walker, MN | 10 | $88.4M | |
| MY Credit Union | Credit union | Bloomington, MN | 5 | $82.1M | |
| Granite Bank | Bank | Cold Spring, MN | 2 | $74.1M | |
| Falcon National Bank | Bank | Foley, MN | 6 | $72.7M | |
| Members Cooperative Credit Union | Credit union | Duluth, MN | 12 | $65.0M | +3.0% |
| Gateway Bank | Bank | Mendota Heights, MN | 2 | $53.4M | |
| Northern State Bank of Thief River Falls | Bank | Thief River Falls, MN | 3 | $44.0M | |
| American National Bank of Minnesota | Bank | Baxter, MN | 10 | $43.7M | |
| Viking Bank, National Association | Bank | Alexandria, MN | 3 | $43.5M | |
| My Kind of Bank, National Association | Bank | Ottertail, MN | 5 | $41.8M | |
| Minnesota National Bank | Bank | Sauk Centre, MN | 3 | $40.9M | |
| The Citizens National Bank of Park Rapids | Bank | Park Rapids, MN | 1 | $39.3M | |
| Grand Marais State Bank | Bank | Grand Marais, MN | 5 | $36.6M | |
| Ultima Bank Minnesota | Bank | Winger, MN | 6 | $36.5M | |
| Luminate Bank | Bank | Minneapolis, MN | 2 | $34.2M | |
| Foresight Bank | Bank | Plainview, MN | 3 | $32.3M |
See all 178 small-balance CRE lenders in Minnesota in Search
| Lender | Kind | Based in | Offices here | Holds, nationwide |
|---|---|---|---|---|
| Credit Union 1 | Credit union | Lombard, IL | 7 | $738M |
| Gulf Coast Bank and Trust Company | Bank | New Orleans, LA | 1 | $311M |
| Forward Bank | Savings | Marshfield, WI | 1 | $100M |
| Altra Credit Union | Credit union | Onalaska, WI | 4 | $80.0M |
| Manufacturers Bank & Trust Company | Bank | Forest City, IA | 6 | $44.0M |
| Baxter Credit Union | Credit union | Vernon Hills, IL | 7 | $37.7M |
| Premier Bank | Bank | Rock Valley, IA | 1 | $26.1M |
| Dakota Heritage Bank | Bank | Hunter, ND | 1 | $24.2M |
| Northern State Bank | Bank | Ashland, WI | 1 | $21.5M |
| Selfreliance Credit Union | Credit union | Chicago, IL | 1 | $18.0M |
- 162 of these lenders are based in Minnesota, and 16 are based elsewhere with offices here. FDIC call report,
- These lenders: 152 banks, 3 savings institutions and 23 credit unions. FDIC call report,
- Lenders based in Minnesota hold $3.1B of small-balance commercial real estate loans. FDIC call report,
- The five largest books based here hold 24.7% of that total. FDIC call report,
- Magnifi Financial Credit Union holds $317.9M, and PrinsBank holds $125.6M. FDIC call report,
- The median book among lenders based in Minnesota is $11M. FDIC call report,
- 8 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report,
- 4 lenders based here hold $100M or more of it. FDIC call report,
- These lenders list 605 offices in Minnesota. FDIC office list,
- Credit Union 1, based in Illinois, lists the most offices here among out-of-state lenders, at 7. FDIC office list,
- Among credit unions here, the median average loan in this category is $632K. NCUA 5300,
- Affinity Plus Credit Union grew this book the most in the year, up 118.2% to $25.4M. FDIC call report,
How this list is defined
- Measure
- small-balance commercial real estate loans held by lenders with an office in Minnesota
- Period
- June 30, 2026
- Formula
- The balance of small-balance commercial real estate loans on the lender's June 30, 2026 filing, for a lender with an office in Minnesota. A balance held, not loans made.
- Order
- Largest first by the book held at the latest filing, then name. Payment is not part of the order.
- As of
- June 30, 2026
- Source
- FDIC call report
- Changelog
- : First published, with the data built on this date.
For banks the book shown is nonfarm nonresidential loans of $1M or less. For credit unions it is the non-owner-occupied commercial real estate book, where the average loan is $1M or less.
Small-balance commercial real estate means loans of about $1M or less. A lender with many of them often works with smaller borrowers.
This is a rule of thumb on public filings. It is not a statement from any lender about what it will lend on.
Growth appears only where a book grew over the 12 months. Each lender's own page has its full record.
A lender counts here if it has a small-balance commercial real estate book (banks: 40% or more of it in loans of $1M or less; credit unions: an average non-owner-occupied loan of $1M or less) and has an office in Minnesota. Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.