Minnwest Bank is headquartered in Redwood Falls and is the 7th largest bank in the state of Minnesota. It is also the 454th largest bank in the nation. It was established in 1941 and as of March of 2021, it had grown to 331 employees at 34 locations. Minnwest Bank has an A health rating.
|FDIC Certificate #||16958|
|Return on Assets - YTD||1.27%|
|Return on Equity - YTD||11.89%|
|Annual Interest Income||$23.1MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$2.36B$2.03B|
|Loans||Q1 2021vs Q1 2020||$1.62B$1.65B|
|Deposits||Q1 2021vs Q1 2020||$2.07B$1.71B|
|Equity Capital||Q1 2021vs Q1 2020||$250.5MM$234.5MM|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$29.4MM$27.6MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$10.9MM$11.1MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$8.0MM$2.8MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.50%*||-||$10k||Minnwest Digital Checking|
|OTHER TIERS: 0.05% → $10k+|