KleinBank is headquartered in Big Lake and is the 3rd largest bank in the state of Minnesota. It is also the 426th largest bank in the nation. It was established in 1925 and as of March of 2017, it had grown to 373 employees at 24 locations. KleinBank has an A+ health rating.
I am very dissatisfied with KleinBank in Chanhassen. I was merely trying to renew a equity loan, and all they did was send me offers of higher payments. When they came down to where we began over 30 days had passed, and when it came to closing, my loan officer was on vacation, so they threatened liens and foreclosure if I didn't sign their new contract (with additional fees) because the loan was not written correctly in the first place. They forced me to close before my loan officer returned, so they would not have to admit to their own mistakes. I have been with this bank for over ten years and they treat me like a fool, called me a liar, and bullied me. if you bank with these guys, document everything..conversations..date... times etc.
|FDIC Certificate #||1414|
|Return on Assets - YTD||1.1%|
|Return on Equity - YTD||10.75%|
|Annual Interest Income||$15.1MM|
|Assets and Liabilities|
|Assets||Q1 2017vs Q1 2016||$1.91B$1.88B|
|Loans||Q1 2017vs Q1 2016||$1.01B$912.3MM|
|Deposits||Q1 2017vs Q1 2016||$1.62B$1.56B|
|Equity Capital||Q1 2017vs Q1 2016||$198.6MM$208.9MM|
|Loan Loss Allowance||Q1 2017vs Q1 2016||$13.8MM$14.6MM|
|Unbacked Noncurrent Loans||Q1 2017vs Q1 2016||$5.8MM$7.2MM|
|Real Estate Owned||Q1 2017vs Q1 2016||$0$778.00K|
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