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945 Winnetka Ave Nort, # 145
Golden Valley, MN 55427

Central Bank (MN) is headquartered in Golden Valley and is the 8th largest bank in the state of Minnesota. It is also the 596th largest bank in the nation. It was established in 1988 and as of March of 2014, it had grown to 294 employees at 20 locations. Central Bank (MN) has a B+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Central Bank (MN) had $8.12 million in non-current loans and owned real-estate with $111.84 million in equity and loan loss allowances on hand to cover it. This gives Central Bank (MN) a Texas Ratio of 7.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Central Bank (MN) decreased dramatically from 10.95% as of March 31, 2013 to 7.26% as of March 31, 2014, resulting in a positive change of 33.75%.This indicates that the balance sheet and financial strength for Central Bank (MN) has improved dramatically in recent periods.

Deposit Growth


In the past year, Central Bank (MN) has decreased its total deposits by -$85.33 million, resulting in -7.67% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Central Bank (MN) has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Central Bank (MN) has $1.13 billion in assets with $111.84 million in equity, resulting in a capitalization level of 9.86%, which is above average.

Institution Statistics

FDIC Certificate #27234
Year Established1988
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.13 billion
Loans$777.13 million
Deposits$1.03 billion
Equity Capital$93.45 million
Loan Loss Allowance$18.38 million
Unbacked Noncurrent Loans$4.59 million
Real Estate Owned$3.52 million
Historic Data - March 2013
Assets$1.22 billion
Equity Capital$91.50 million
Loan Loss Allowance$22.05 million
Unbacked Noncurrent Loans$4.59 million
Real Estate Owned$6.69 million
Profit Margin - Quarterly
Net Interest Margin4.43%
Return on Assets0.96%
Return on Equity11.83%
Interest Income$12.30 million
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Central Bank (MN) Savings Account Rates

0.25%$10k-HSA Checking Account
0.20%$50k-Prime Advantage Savings
0.10%$25k-Advantage Savings
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--Educational IRA Savings
0.05%--Youth Savings
0.05%--Central Savings

Central Bank (MN) Checking Account Rates

0.05%$500-Advantage Checking
0.05%$5k-Advantage Relationship Checking
0.05%--Select Club 55+ Checking

Central Bank (MN) CD Rates

1.00%$1k-59 Month CD Special
0.70%$25k-36-48 Month CD
0.65%$1k-25 Month CD Special
0.45%$25k-24-35 Month CD
0.45%$1k-17 Month CD Special
0.40%$25k-12-23 Month CD
0.35%$1k-11 Month CD Special
0.25%$25k-6 Month CD
0.15%$25k-3 Month CD

Central Bank (MN) IRA Rates

1.00%$1k-59 Month IRA Special
0.70%$25k-36-48 Month IRA
0.65%$1k-25 Month IRA Special
0.45%$25k-24-35 Month IRA
0.45%$1k-17 Month IRA Special
0.40%$25k-12-23 Month IRA
0.35%$1k-11 Month IRA Special
0.25%$25k-6 Month IRA

Central Bank (MN) has 21 locations. Click to view all Central Bank (MN) locations.