Minnwest Bank

Overview / Commentary
300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 5th largest bank in the state of Minnesota. It is also the 422nd largest bank in the nation. It was established in 1941 and as of December of 2019, it had grown to 343 employees at 33 locations. Minnwest Bank has an A health rating.

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Health Grade Components

FDIC Certificate #16958
Year Established1941
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD9.64%
Annual Interest Income$97.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$2.07B$1.99B
LoansQ4 2019vs Q4 2018$1.65B$1.62B
DepositsQ4 2019vs Q4 2018$1.78B$1.73B
Equity CapitalQ4 2019vs Q4 2018$232.2MM$217.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$27.0MM$24.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$7.0MM$7.3MM
Real Estate OwnedQ4 2019vs Q4 2018$3.0MM$4.8MM

Rates for Minnwest Bank are currently being reviewed.



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