Minnwest Bank
Overview / Commentary
Minnwest Bank is headquartered in Redwood Falls and is the 7th largest bank in the state of Minnesota. It is also the 480th largest bank in the nation. It was established in 1941 and as of June of 2017, it had grown to 315 employees at 24 locations. Minnwest Bank has a B+ health rating.
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Health
B+
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16958 |
| Year Established | 1941 |
| Employees | 315 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 9.57% |
| Annual Interest Income | $35.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.66B$1.64B |
| Loans | Q2 2017vs Q2 2016 | $1.39B$1.35B |
| Deposits | Q2 2017vs Q2 2016 | $1.41B$1.38B |
| Equity Capital | Q2 2017vs Q2 2016 | $174.1MM$167.4MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $22.8MM$21.7MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $9.1MM$5.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $11.4MM$17.6MM |
Rates
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