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95 West 4th Street
Minster, OH 45865

Minster Bank is headquartered in Minster and is the 53rd largest bank in the state of Ohio. It is also the 1,724th largest bank in the nation. It was established in 1914 and as of March of 2014, it had grown to 80 employees at 7 locations. Minster Bank has a A health rating.

Reviews (1)

Do Not Bank With Minster Bank

I am a Business owner.  In the past I have delt with larger banks, but decided to do my business with a smaller bank to develop a more personal relationship.  So I chose Minster Bank.  This would prove to be a huge mistake!  Minster Bank is not at all business friendly. 

I own a company with approximately 15 employees.  We are a growing business, and cash flow is very imporatant.  Mister Bank said they would be willing to work with us.  This turned out to be false.  Checks that would be deposited into the Business Checking would be held for 7-10 BUSINESS DAYS with NO NOTICE!  10 DAYS BEFORE THE MONEY WAS RELEASED!  This was common practice for the bank.  In the mean time any purchases of checks that were made against the already deposited, we cleared but charged large fees.  When I would check with the companies who issued the checks to my company, I was informed the checks had cleared their bank the day I deposited them with Minster.  They knew we needed our money, they had our money, and they knew by holding it we would be willing to pay the fees because e had no choice.

After questioning the bank manager both at the branch level as well as corperate level, I was told it was Ohio law to hold checks of over $5,000.00 for that amount of time.  They said any bank would do the same.  After checking the state laws as well as the practices of other banks, I found these statements to be blatent lies.  I have since closed my account with minster and taken my banking business elsewhere.  In my short time with the bank, I incurred housands of dollars in charges as a result of Minster Banks practices. 

If you are considering doing business with this bank, I would advise you to reconsider.  You can get better service elsewhere, and you will be better off for doing so!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Minster Bank had $1.1 million in non-current loans and owned real-estate with $35.29 million in equity and loan loss allowances on hand to cover it. This gives Minster Bank a Texas Ratio of 3.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Minster Bank experienced no significant changes from 2.01% as of March 31, 2013 to 3.11% as of March 31, 2014, resulting in a negative change of 54.93%. This indicates that the balance sheet and financial strength for Minster Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Minster Bank has increased its total deposits by $17.95 million, resulting in 5.67% 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 Minster Bank 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. Minster Bank has $385.74 million in assets with $35.29 million in equity, resulting in a capitalization level of 9.15%, which is average.

Institution Statistics

Overall
FDIC Certificate #763
Year Established1914
Employees80
Primary RegulatorFED
Assets and Liabilities
Assets$385.74 million
Loans$200.69 million
Deposits$334.62 million
Equity Capital$32.24 million
Loan Loss Allowance$3.05 million
Unbacked Noncurrent Loans$1.10 million
Real Estate Owned$0
Historic Data - March 2013
Assets$368.02 million
Equity Capital$30.84 million
Loan Loss Allowance$3.29 million
Unbacked Noncurrent Loans$1.10 million
Real Estate Owned$45,000
Profit Margin - Quarterly
Net Interest Margin3.18%
Return on Assets0.95%
Return on Equity11.46%
Interest Income$3.06 million
Rates
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Minster Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$10k-60 Month CD
0.60%$10k-48-59 Month CD
0.60%$5k-25 Month CD Special
0.40%$10k-36-47 Month CD
0.30%$5k-13 Month CD Special
0.25%$10k-24-35 Month CD
0.15%$10k-12-23 Month CD
0.10%$10k-6-11 Month CD
Locations


Minster Bank Locations
Sidney Banking Center Branch117 West Russell RoadSidney, OH 45365
Troy Banking Center Branch1280 Experiment Farm RdTroy, OH 45373
Minster Bank At Wagners Iga265 East Fourth StreetMinster, OH 45865
St. Marys Banking Center Branch301 West High StreetSt. Marys, OH 45885
New Bremen Branch443 South Washington StreetNew Bremen, OH 45869
Wapakoneta Banking Center Branch607 North Defiance StreetWapakoneta, OH 45895
Minster Bank95 West 4th StreetMinster, OH 45865