Bonanza Valley State Bank

Overview / Commentary
147 Central Ave South
Brooten, MN 56316

Bonanza Valley State Bank is headquartered in BROOTEN and is the 204th largest bank in the state of Minnesota. It is also the 4,109th largest bank in the nation. It was established in 1894 and as of September of 2023, it had grown to 10 employees at 1 location. Bonanza Valley State Bank's savings rates are 6X the national average, and it has a B health rating.


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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

FDIC Certificate #10993
Year Established1894
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.13%
Return on Equity - YTD1.47%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$75.5MM$75.9MM
LoansQ3 2023vs Q3 2022$58.6MM$50.2MM
DepositsQ3 2023vs Q3 2022$64.5MM$67.4MM
Equity CapitalQ3 2023vs Q3 2022$5.9MM$5.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$307K$468K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$24K$34K
Real Estate OwnedQ3 2023vs Q3 2022$0$139K
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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

3.00%$25$2.5kChristmas Club Savings
3.00%*$250k*-Tiered Savings
OTHER TIERS: 1.00% $100 - $10k | 1.25% $10k - $50k | 2.00% $50k - $100k | 2.25% $100k - $250k
2.10%--IRA Savings
2.00%--Health Savings Account

Bonanza Valley State Bank Money Market Rates

2.25%*$250k*-Money Market
OTHER TIERS: 0.55% $1k - $25k | 0.75% $25k - $50k | 0.85% $50k - $100k | 1.00% $100k - $250k

Bonanza Valley State Bank Checking Account Rates

1.75%*$75k*-Free Interest Checking
OTHER TIERS: 0.75% $1k - $10k | 1.00% $10k - $25k | 1.25% $25k - $75k

Bonanza Valley State Bank CD Rates

3.01%$500-60 Month CD
2.81%$500-48 Month CD
2.75%$500-36 Month CD
2.70%$500-30 Month CD
2.66%$500-24 Month CD
2.51%$500-18 Month CD
2.46%$500-12 Month CD
1.81%$500-6 Month CD
1.36%$500-91 Day CD

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

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