Bonanza Valley State Bank

Overview / Commentary
147 Central Ave South
Brooten, MN 56316

Bonanza Valley State Bank is headquartered in Brooten and is the 213th largest bank in the state of Minnesota. It is also the 4,294th largest bank in the nation. It was established in 1894 and as of March of 2022, it had grown to 11 employees at 1 location. Bonanza Valley State Bank's savings rates are 92% higher than 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 - YTD0.76%
Return on Equity - YTD7.98%
Annual Interest Income$670.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$74.3MM$77.7MM
LoansQ1 2022vs Q1 2021$46.9MM$55.0MM
DepositsQ1 2022vs Q1 2021$63.9MM$66.0MM
Equity CapitalQ1 2022vs Q1 2021$6.8MM$6.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$365.00K$520.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$44.00K$145.00K
Real Estate OwnedQ1 2022vs Q1 2021$40.00K$144.00K
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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

1.00%$25$2.5kChristmas Club Savings
1.00%--IRA Savings
1.00%*$250k*-Tiered Savings
OTHER TIERS: 0.20% $100 - $10k | 0.30% $10k - $50k | 0.50% $50k - $100k | 0.70% $100k - $250k
0.70%--Health Savings Account

Bonanza Valley State Bank Money Market Rates

0.60%*$250k*-Money Market
OTHER TIERS: 0.20% $1k - $25k | 0.25% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k

Bonanza Valley State Bank Checking Account Rates

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

1.30%$500-60 Month CD
1.10%$500-48 Month CD
0.90%$500-36 Month CD
0.75%$500-30 Month CD
0.70%$500-24 Month CD
0.65%$500-18 Month CD
0.60%$500-12 Month CD
0.40%$500-6 Month CD
0.30%$500-91 Day CD

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

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