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300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 6th largest bank in the state of Minnesota. It is also the 469th largest bank in the nation. It was established in 1941 and as of June of 2016, it had grown to 328 employees at 24 locations. Minnwest Bank has a B+ health rating.

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Health Grade Components

FDIC Certificate #16958
Year Established1941
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.31%
Annual Interest Income$34.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.64B$1.57B
LoansQ2 2016vs Q2 2015$1.35B$1.31B
DepositsQ2 2016vs Q2 2015$1.38B$1.33B
Equity CapitalQ2 2016vs Q2 2015$167.4MM$159.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$21.7MM$20.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$5.5MM$5.9MM
Real Estate OwnedQ2 2016vs Q2 2015$17.6MM$25.1MM

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