Minnwest Bank


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 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.

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Health

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees390
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.74%
Annual Interest Income$39.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.09B$3.08B
LoansQ1 2025vs Q1 2024$2.23B$2.25B
DepositsQ1 2025vs Q1 2024$2.75B$2.53B
Equity CapitalQ1 2025vs Q1 2024$301.2MM$275.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$30.9MM$32.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$9.5MM$11MM
Real Estate OwnedQ1 2025vs Q1 2024$16.6MM$7.9MM
Rates

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