Minnwest Bank is headquartered in Redwood Falls and is the 5th largest bank in the state of Minnesota. It is also the 417th largest bank in the nation. It was established in 1941 and as of June of 2022, it had grown to 402 employees at 38 locations. Minnwest Bank has an A health rating.
|FDIC Certificate #||16958|
|Return on Assets - YTD||1.08%|
|Return on Equity - YTD||11.7%|
|Annual Interest Income||$47.5MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$2.66B$2.32B|
|Loans||Q2 2022vs Q2 2021||$1.89B$1.57B|
|Deposits||Q2 2022vs Q2 2021||$2.38B$2.02B|
|Equity Capital||Q2 2022vs Q2 2021||$241.1MM$254.3MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$30.9MM$30.1MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$15.4MM$17.2MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$8.0MM$8.1MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.50%*||-||$10k||Minnwest Digital Checking|
|OTHER TIERS: 0.05% → $10k+|