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Bonanza Valley State Bank


Overview / Commentary
www.bvsb.bank
320-346-2234
147 Central Ave South
Brooten, MN 56316

Bonanza Valley State Bank is headquartered in Brooten and is the 207th largest bank in the state of Minnesota. It is also the 4,314th largest bank in the nation. It was established in 1894 and as of September of 2021, it had grown to 11 employees at 1 location. Bonanza Valley State Bank's savings rates are 54% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q3 2021

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Bonanza Valley State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #10993
Year Established1894
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD8.03%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$77.5MM$72.1MM
LoansQ3 2021vs Q3 2020$51.9MM$55.8MM
DepositsQ3 2021vs Q3 2020$65.9MM$60.9MM
Equity CapitalQ3 2021vs Q3 2020$7.0MM$6.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$414.00K$517.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$142.00K$156.00K
Real Estate OwnedQ3 2021vs Q3 2020$85.00K$205.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bonanza Valley State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$25$2.5kChristmas Club Savings
0.90%--IRA Savings
0.80%*$250k*-Tiered Savings
OTHER TIERS: 0.10% → $100 - $10k | 0.20% → $10k - $50k | 0.40% → $50k - $100k | 0.60% → $100k - $250k
0.70%--Health Savings Account

Bonanza Valley State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$250k*-Money Market
OTHER TIERS: 0.15% → $1k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k

Bonanza Valley State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$75k*-Free Interest Checking
OTHER TIERS: 0.10% → $1k - $10k | 0.20% → $10k - $25k | 0.30% → $25k - $75k

Bonanza Valley State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month CD
0.80%$500-48 Month CD
0.70%$500-36 Month CD
0.65%$500-30 Month CD
0.60%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD
0.15%$500-91 Day CD
Locations


Bonanza Valley State Bank Locations
Bonanza Valley State Bank147 Central Ave SBrooten, MN 56316

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