Merchants Bank (MN) is headquartered in Winona and is the 4th largest bank in the state of Minnesota. It is also the 419th largest bank in the nation. It was established in 1875 and as of December of 2020, it had grown to 424 employees at 24 locations. Merchants Bank (MN) has an A health rating.
Overall | |
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FDIC Certificate # | 8866 |
Year Established | 1875 |
Employees | 424 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 1% |
Return on Equity - YTD | 9.67% |
Annual Interest Income | $95.2MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $2.49B$1.86B |
Loans | Q4 2020vs Q4 2019 | $1.78B$1.56B |
Deposits | Q4 2020vs Q4 2019 | $2.19B$1.61B |
Equity Capital | Q4 2020vs Q4 2019 | $252.2MM$199.9MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $31.6MM$19.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $15.8MM$16.7MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $2.6MM$442.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.28% | $500 | - | 36 Month & Over IRA | |
0.25% | $500 | - | 30-35 Month IRA CD | |
0.24% | $500 | - | 24 Month "Summit" IRA | |
0.20% | $500 | - | 24-29 Month IRA CD | |
0.15% | $500 | - | 12-23 Month IRA CD |