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Overview / Commentary
507-637-5731
300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 4th largest bank in the state of Minnesota. It is also the 484th largest bank in the nation. It was established in 1941 and as of March of 2018, it had grown to 316 employees at 24 locations. Minnwest Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees316
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD8.53%
Annual Interest Income$18.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.69B$1.63B
LoansQ1 2018vs Q1 2017$1.40B$1.33B
DepositsQ1 2018vs Q1 2017$1.45B$1.35B
Equity CapitalQ1 2018vs Q1 2017$180.6MM$171.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$22.7MM$22.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$14.4MM$6.5MM
Real Estate OwnedQ1 2018vs Q1 2017$5.3MM$14.8MM
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