Merchants Bank (MN)

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.20%	1-year CD	12-23 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Advantage Savings 1.20% - Ally Bank Online Savings Account
0.37%	3-year CD	30-35 Month CD 1.60% - Ally Bank High Yield 3 Year CD

View all Merchants Bank (MN) rates »

Overview / Commentary

www.merchantsbank.com

866-496-0522

100-106 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in Winona and is the 6^th largest bank in the state of Minnesota. It is also the 478^th largest bank in the nation. It was established in 1875 and as of June of 2017, it had grown to 387 employees at 23 locations. Merchants Bank (MN)'s money market rates are 14% higher than the national average, and it has an A health rating.

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	387
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.82%
Return on Equity - YTD	7.07%
Annual Interest Income	$33.4MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$1.67B$1.65B
Loans	Q2 2017vs Q2 2016	$1.37B$1.33B
Deposits	Q2 2017vs Q2 2016	$1.36B$1.29B
Equity Capital	Q2 2017vs Q2 2016	$191.5MM$183.8MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$18.5MM$15.9MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$19.3MM$10.4MM
Real Estate Owned	Q2 2017vs Q2 2016	$1.3MM$1.9MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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.

Merchants Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.36%^*^†	$200k^*	-	IRA Savings Account
OTHER TIERS: 0.10% → Up to $5k \| 0.12% → $5k - $25k \| 0.17% → $25k - $50k \| 0.20% → $50k - $100k \| 0.28% → $100k - $200k
0.29%^*^†	$25k^*	-	HSA Checking
OTHER TIERS: 0.15% → Up to $10k \| 0.17% → $10k - $15k \| 0.22% → $15k - $25k
0.25%^†	-	-	Winter FUNd
0.25%^†	-	-	Summer FUNd
0.05%^†	-	-	Kids Savers Club
0.05%^†	$50	-	Basic Savings
0.05%^†	-	-	Advantage Savings

Merchants Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*^†	$1m^*	$15m	ICS Money Market
OTHER TIERS: 0.25% → $15mm+ \| 0.35% → Up to $1mm
0.37%^*^†	$1m^*	-	Diamond Money Market
OTHER TIERS: 0.10% → Up to $25k \| 0.14% → $25k - $50k \| 0.17% → $50k - $100k \| 0.21% → $100k - $200k \| 0.27% → $200k - $1mm

Merchants Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.37%^*^†	$1m^*	-	Business Nonprofit Checking Tiered
OTHER TIERS: 0.10% → Up to $25k \| 0.14% → $25k - $50k \| 0.17% → $50k - $100k \| 0.21% → $100k - $200k \| 0.27% → $200k - $1mm
0.30%^*^†	$1m^*	$15m	ICS Demand Deposit
OTHER TIERS: 0.15% → Up to $1mm \| 0.20% → $15mm+
0.25%^†	-	-	Repurchase Agreement
0.10%^†	-	-	Interest Bearing Business Checking
0.05%^†	-	-	Partnership Banking
0.05%^†	-	-	Relationship Checking
0.05%^†	-	-	Veterans Preferred Banking

Merchants Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%^†	$500	-	35 Month CD Special
1.00%^†	$500	-	25 Month CD Special
0.52%^†	$500	-	36 Month & Over CD
0.37%^†	$500	-	30-35 Month CD
0.32%^†	$500	-	24-29 Month CD
0.25%^†	$100	-	12 Month Home Buyer's CD
0.20%^†	$500	-	12-23 Month CD
0.10%^†	$500	-	6-11 Month CD
0.05%^†	$500	-	3-5 Month CD

Merchants Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%^†	$500	-	35 Month IRA Special
1.00%^†	$500	-	25 Month IRA Special
0.52%^†	$500	-	24 Month "Summit" IRA
0.52%^†	$500	-	36 Month & Over IRA
0.37%^†	$500	-	30-35 Month IRA CD
0.32%^†	$500	-	24-29 Month IRA CD
0.20%^†	$500	-	12-23 Month IRA CD

Locations

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