Minnesota Bank & Trust is headquartered in Edina and is the 105th largest bank in the state of Minnesota. It is also the 3,474th largest bank in the nation. It was established in 2008 and as of June of 2014, it had grown to 34 employees at 1 location. Minnesota Bank & Trust has a B+ health rating.
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 June 30, 2014 Minnesota Bank & Trust had $0 in non-current loans and owned real-estate with $15.18 million in equity and loan loss allowances on hand to cover it. This gives Minnesota Bank & Trust a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Minnesota Bank & Trust has increased its total deposits by $3.01 million, resulting in 2.07% 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 Minnesota Bank & Trust has shown is above 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. Minnesota Bank & Trust has $165.25 million in assets with $15.18 million in equity, resulting in a capitalization level of 9.18%, which is average.
|FDIC Certificate #||58818|
|Assets and Liabilities|
|Equity Capital||$14.10 million|
|Loan Loss Allowance||$1.07 million|
|Real Estate Owned||$0|
|Historic Data - June 2013|
|Equity Capital||$14.13 million|
|Loan Loss Allowance||$944,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Return on Assets||0.22%|
|Return on Equity||2.58%|
|Interest Income||$2.88 million|
Always verify rates and promotions with the bank or credit union. We are not Minnesota Bank & Trust, we are a rate comparison website and can not provide official rates or promotions.
|2.01%||-||$20k||Cash Rewards Checking - Qualifying|
|0.01%||-||-||Cash Rewards Checking - Non Qualifying|
|2.00%||$1k||-||7 Year CD|
|1.60%||$1k||-||60 Month CD|
|1.20%||$1k||-||48 Month CD|
|0.85%||$1k||-||36 Month CD|
|0.50%||$1k||-||24 Month CD|
|0.40%||$1k||-||18 Month CD|
|0.30%||$1k||-||6 Month CD|
|0.30%||$1k||-||12 Month CD|
|0.25%||$1k||-||3 Month CD|
|2.00%||$1k||-||7 Year IRA|
|1.60%||$1k||-||60 Month IRA|
|1.20%||$1k||-||48 Month IRA|
|0.85%||$1k||-||36 Month IRA|
|0.50%||$1k||-||24 Month IRA|
|0.40%||$1k||-||18 Month IRA|
|0.30%||$1k||-||6 Month IRA|
|0.30%||$1k||-||12 Month IRA|
|0.25%||$1k||-||3 Month IRA|
|Minnesota Bank & Trust Locations|
|Minnesota Bank & Trust||7701 France Avenue South||Edina, MN 55435|