Overview / Commentary
The Wanda State Bank is headquartered in Wanda and is the 130th largest bank in the state of Minnesota. It is also the 3,635th largest bank in the nation. It was established in 1932 and as of March of 2019, it had grown to 12 employees at 1 location. The Wanda State Bank's CD rates are 83% higher than the national average, and it has an A health rating.
Health
A
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1908 |
| Year Established | 1932 |
| Employees | 12 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 7.04% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $131.6MM$132.2MM |
| Loans | Q1 2019vs Q1 2018 | $88.1MM$83.2MM |
| Deposits | Q1 2019vs Q1 2018 | $107.9MM$109.8MM |
| Equity Capital | Q1 2019vs Q1 2018 | $22.4MM$21.2MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $1.8MM$1.6MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $87.00K$2.1MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The Wanda State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | - | - | Passbook Savings |
The Wanda State Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.80%* | $1k* | - | Money Market Savings | ||
| OTHER TIERS: 0.65% → Up to $1k | |||||
The Wanda State Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.30% | $10k | - | 11 Month CD Special | |
| 2.26% | $2.5k | - | 18 Month CD | |
| 2.15% | $1k | - | 3 Year CD | |
| 1.65% | $500 | - | 1 Year CD | |
| 1.35% | $10k | - | 182 Day CD | |
| 1.15% | $7.5k | - | 91 Day CD | |
| 1.00% | $20k | - | 7 to 31 Day CD |
Locations
| The Wanda State Bank Locations | ||
|---|---|---|
| The Wanda State Bank | 121 W Main | Wanda, MN 56294 |