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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 7th 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 December of 2016, it had grown to 320 employees at 24 locations. Minnwest Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees320
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.45%
Annual Interest Income$69.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.62B$1.64B
LoansQ4 2016vs Q4 2015$1.35B$1.37B
DepositsQ4 2016vs Q4 2015$1.38B$1.36B
Equity CapitalQ4 2016vs Q4 2015$170.2MM$161.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$21.9MM$21.1MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.8MM$3.8MM
Real Estate OwnedQ4 2016vs Q4 2015$14.8MM$22.3MM
Rates

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Locations

Minnwest Bank has 24 locations. Click to view all Minnwest Bank locations.