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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 March of 2017, it had grown to 318 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 - YTD0.92%
Return on Equity - YTD8.73%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.63B$1.61B
LoansQ1 2017vs Q1 2016$1.33B$1.35B
DepositsQ1 2017vs Q1 2016$1.35B$1.36B
Equity CapitalQ1 2017vs Q1 2016$171.9MM$165.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$22.3MM$21.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$6.5MM$3.9MM
Real Estate OwnedQ1 2017vs Q1 2016$14.8MM$21.3MM

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