Merchants Bank (MN) is headquartered in Winona and is the 4th largest bank in the state of Minnesota. It is also the 410th largest bank in the nation. It was established in 1875 and as of December of 2021, it had grown to 427 employees at 24 locations. Merchants Bank (MN) has an A health rating.
Overall | |
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FDIC Certificate # | 8866 |
Year Established | 1875 |
Employees | 427 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 1.19% |
Return on Equity - YTD | 12.09% |
Annual Interest Income | $90.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $2.82B$2.49B |
Loans | Q4 2021vs Q4 2020 | $1.60B$1.78B |
Deposits | Q4 2021vs Q4 2020 | $2.52B$2.19B |
Equity Capital | Q4 2021vs Q4 2020 | $273.3MM$252.2MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $28.7MM$31.6MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $13.9MM$15.8MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $964.00K$2.6MM |
Always verify rates and promotions with the bank or credit union. We are not Merchants Bank (MN); we are a rate comparison website and cannot provide official rates or promotions.
* 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 |
---|---|---|---|---|
0.30% | $500 | - | 36 Month & Over CD | |
0.25% | $500 | - | 30-35 Month CD | |
0.20% | $500 | - | 24-29 Month CD | |
0.14% | $500 | - | 12-23 Month CD | |
0.10% | $500 | - | 6-11 Month CD | |
0.04% | $500 | - | 3-5 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.30% | $500 | - | 36 Month & Over IRA | |
0.25% | $500 | - | 30-35 Month IRA CD | |
0.20% | $500 | - | 24-29 Month IRA CD | |
0.14% | $500 | - | 12-23 Month IRA CD |