Minnwest Bank

Overview / Commentary

www.minnwestbank.com

888-616-2265

300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 6^th largest bank in the state of Minnesota. It is also the 423^rd largest bank in the nation. It was established in 1941 and as of December of 2021, it had grown to 397 employees at 38 locations. Minnwest Bank has an A health rating.

View all posts from:

2009

8/10 - 2.50% Savings Account with Rate Guaranteed Until 2010 at Minnwest Bank in MN & SD - Local Only

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Health

Data as of Q4 2021

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Health Grade Components

Overall
FDIC Certificate #	16958
Year Established	1941
Employees	397
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.04%
Return on Equity - YTD	9.9%
Annual Interest Income	$87.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$2.70B$2.30B
Loans	Q4 2021vs Q4 2020	$1.88B$1.65B
Deposits	Q4 2021vs Q4 2020	$2.39B$2.00B
Equity Capital	Q4 2021vs Q4 2020	$259.5MM$247.3MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$30.2MM$28.7MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$16.7MM$9.5MM
Real Estate Owned	Q4 2021vs Q4 2020	$7.8MM$8.1MM

Rates

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Checking

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Minnwest Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	-	$10k	Minnwest Digital Checking
OTHER TIERS: 0.05% → $10k+

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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