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 451st largest bank in the nation. It was established in 1941 and as of September of 2020, it had grown to 332 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 - YTD1.12%
Return on Equity - YTD10.05%
Annual Interest Income$69.0MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$2.21B$2.00B
LoansQ3 2020vs Q3 2019$1.70B$1.61B
DepositsQ3 2020vs Q3 2019$1.92B$1.71B
Equity CapitalQ3 2020vs Q3 2019$244.5MM$228.6MM
Loan Loss AllowanceQ3 2020vs Q3 2019$28.2MM$26.7MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$9.1MM$6.1MM
Real Estate OwnedQ3 2020vs Q3 2019$9.7MM$3.0MM
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Minnwest Bank Checking Account Rates

0.50%-$10kMinnwest Digital Checking


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