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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 September of 2017, it had grown to 315 employees at 24 locations. Minnwest Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees315
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD9.43%
Annual Interest Income$53.7MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.64B$1.60B
LoansQ3 2017vs Q3 2016$1.37B$1.33B
DepositsQ3 2017vs Q3 2016$1.42B$1.36B
Equity CapitalQ3 2017vs Q3 2016$175.4MM$168.6MM
Loan Loss AllowanceQ3 2017vs Q3 2016$21.4MM$22.0MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$13.2MM$5.6MM
Real Estate OwnedQ3 2017vs Q3 2016$8.3MM$16.2MM
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