Merchants Bank (MN)

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LOCATIONS

37 Month CD Special ($25,000 New Money)

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.20%	1-year CD	12-23 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	Advantage Savings 1.20% - Goldman Sachs Bank USA Online Savings
0.37%	3-year CD	30-35 Month CD 1.85% - Synchrony Bank 36 Month CD

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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 8^th largest bank in the state of Minnesota. It is also the 492^nd largest bank in the nation. It was established in 1875 and as of March of 2017, it had grown to 388 employees at 23 locations. Merchants Bank (MN)'s money market rates are 14% higher than the national average, and it has a B+ health rating.

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	388
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.61%
Return on Equity - YTD	5.22%
Annual Interest Income	$16.0MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$1.62B$1.59B
Loans	Q1 2017vs Q1 2016	$1.32B$1.26B
Deposits	Q1 2017vs Q1 2016	$1.35B$1.33B
Equity Capital	Q1 2017vs Q1 2016	$191.2MM$181.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$18.2MM$15.2MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$20.4MM$7.7MM
Real Estate Owned	Q1 2017vs Q1 2016	$1.3MM$1.5MM

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
1.45%^†	$25k	-	37 Month CD Special ($25,000 New Money)
1.33%^†	$10k	-	37 Month CD Special ($10,000 New Money)
1.25%^†	$500	-	38 Month CD Special
1.15%^†	$25k	-	17 Month CD Special ($25,000 New Money)
1.05%^†	$500	-	28 Month CD Special
1.03%^†	$10k	-	17 Month CD Special ($10,000 New Money)
0.90%^†	$500	-	18 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
1.45%^†	$25k	-	37 Month IRA Special ($25,000 New Money)
1.33%^†	$10k	-	37 Month IRA Special ($10,000 New Money)
1.25%^†	$500	-	38 Month IRA CD Special
1.15%^†	$25k	-	17 Month IRA Special ($25,000 New Money)
1.05%^†	$500	-	28 Month IRA Special
1.03%^†	$10k	-	17 Month IRA Special ($10,000 New Money)
0.90%^†	$500	-	18 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
0.10%^†	$500	-	6-11 Month IRA CD
0.05%^†	$500	-	3-5 Month IRA CD

Locations

Merchants Bank (MN) has 22 locations. Click to view all Merchants Bank (MN) locations.