Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
888-512-6268
7701 France Avenue South
Edina, MN 55435

Minnesota Bank & Trust is headquartered in Edina and is the 108th largest bank in the state of Minnesota. It is also the 3,411st largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 40 employees at 1 location. Minnesota Bank & Trust has a A health rating.

Reviews (1)

Rewards Checking Rate Cut January 1, 2012

Just popped in to set up an account and was told rewards checking rate would be dropping to 2.5%. 5 stars for being up front and honest with me.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Minnesota Bank & Trust had $0 in non-current loans and owned real-estate with $14.85 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.

Deposit Growth

GRADE:
A+

In the past year, Minnesota Bank & Trust has increased its total deposits by $44.95 million, resulting in 40.91% 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 excellent.

Capitalization

GRADE:
C

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 $170.52 million in assets with $14.85 million in equity, resulting in a capitalization level of 8.71%, which is average.

Institution Statistics

Overall
FDIC Certificate #58818
Year Established2008
Employees40
Primary RegulatorFDIC
Assets and Liabilities
Assets$170.52 million
Loans$101.17 million
Deposits$154.81 million
Equity Capital$13.76 million
Loan Loss Allowance$1.09 million
Real Estate Owned$0
Historic Data - December 2012
Assets$126.42 million
Equity Capital$14.15 million
Loan Loss Allowance$961,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.27%
Return on Assets0.24%
Return on Equity2.57%
Interest Income$5.14 million
Rates
Skip to rates for:

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.

Minnesota Bank & Trust Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$20kCash Rewards Checking
0.01%--Cash Rewards Checking

Minnesota Bank & Trust CD Rates

DetailsAPYMINMAXPRODUCT
2.25%$1k-7 Year CD
1.75%$1k-60 Month CD
1.40%$1k-48 Month CD
1.00%$1k-36 Month CD
0.70%$1k-24 Month CD
0.60%$1k-18 Month CD
0.50%$1k-12 Month CD
0.40%$1k-6 Month CD
0.35%$1k-3 Month CD

Minnesota Bank & Trust IRA Rates

DetailsAPYMINMAXPRODUCT
2.25%$1k-7 Year IRA (Traditional,Roth,CESA)
1.75%$1k-60 Month IRA (Traditional,Roth,CESA)
1.40%$1k-48 Month IRA (Traditional,Roth,CESA)
1.00%$1k-36 Month IRA (Traditional,Roth,CESA)
0.70%$1k-24 Month IRA (Traditional,Roth,CESA)
0.60%$1k-18 Month IRA (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA (Traditional,Roth,CESA)
0.40%$1k-6 Month IRA (Traditional,Roth,CESA)
0.35%$1k-3 Month IRA (Traditional,Roth,CESA)
Locations


Minnesota Bank & Trust Locations
Minnesota Bank & Trust7701 France Avenue SouthEdina, MN 55435