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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 6th largest bank in the state of Minnesota. It is also the 482nd largest bank in the nation. It was established in 1941 and as of September of 2016, it had grown to 330 employees at 24 locations. Minnwest Bank has an A health rating.

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Health
A

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees330
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD9%
Annual Interest Income$51.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.60B$1.55B
LoansQ3 2016vs Q3 2015$1.33B$1.30B
DepositsQ3 2016vs Q3 2015$1.36B$1.31B
Equity CapitalQ3 2016vs Q3 2015$168.6MM$161.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$22.0MM$20.7MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$5.6MM$4.1MM
Real Estate OwnedQ3 2016vs Q3 2015$16.2MM$23.1MM
Rates

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Locations

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