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.
|FDIC Certificate #||16958|
|Return on Assets - YTD||1.07%|
|Return on Equity - YTD||9.64%|
|Annual Interest Income||$97.4MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$2.07B$1.99B|
|Loans||Q4 2019vs Q4 2018||$1.65B$1.62B|
|Deposits||Q4 2019vs Q4 2018||$1.78B$1.73B|
|Equity Capital||Q4 2019vs Q4 2018||$232.2MM$217.3MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$27.0MM$24.3MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$7.0MM$7.3MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$3.0MM$4.8MM|
Rates for Minnwest Bank are currently being reviewed.