Minnwest Bank is headquartered in REDWOOD FALLS and is the 6th largest bank in the state of Minnesota. It is also the 406th largest bank in the nation. It was established in 1941 and as of March of 2025, it had grown to 390 employees at 37 locations. Minnwest Bank has an A health rating.
Overall | |
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FDIC Certificate # | 16958 |
Year Established | 1941 |
Employees | 390 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 7.74% |
Annual Interest Income | $39.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $3.09B$3.08B |
Loans | Q1 2025vs Q1 2024 | $2.23B$2.25B |
Deposits | Q1 2025vs Q1 2024 | $2.75B$2.53B |
Equity Capital | Q1 2025vs Q1 2024 | $301.2MM$275.8MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $30.9MM$32.7MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $9.5MM$11MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $16.6MM$7.9MM |
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