Minnwest Bank is headquartered in Redwood Falls and is the 6th largest bank in the state of Minnesota. It is also the 443rd largest bank in the nation. It was established in 1941 and as of June of 2020, it had grown to 336 employees at 33 locations. Minnwest Bank has an A health rating.
|FDIC Certificate #||16958|
|Return on Assets - YTD||1.21%|
|Return on Equity - YTD||10.77%|
|Annual Interest Income||$47.2MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$2.23B$2.05B|
|Loans||Q2 2020vs Q2 2019||$1.75B$1.66B|
|Deposits||Q2 2020vs Q2 2019||$1.89B$1.74B|
|Equity Capital||Q2 2020vs Q2 2019||$241.8MM$225.0MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$28.0MM$25.4MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$18.9MM$5.5MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$2.5MM$3.6MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.50%*||-||$10k||Minnwest Digital Checking|
|OTHER TIERS: 0.05% → $10k+|