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The Wanda State Bank


Overview / Commentary
www.wandastatebank.com
507-342-5187
121 W Main
Wanda, MN 56294

The Wanda State Bank is headquartered in Wanda and is the 120th largest bank in the state of Minnesota. It is also the 3,411th largest bank in the nation. It was established in 1932 and as of December of 2019, it had grown to 13 employees at 1 location. The Wanda State Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1908
Year Established1932
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD4.81%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$145.1MM$135.2MM
LoansQ4 2019vs Q4 2018$89.3MM$85.6MM
DepositsQ4 2019vs Q4 2018$120.3MM$112.0MM
Equity CapitalQ4 2019vs Q4 2018$23.4MM$22.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.8MM$1.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$236.00K$86.00K
Real Estate OwnedQ4 2019vs Q4 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Passbook Savings

The Wanda State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1k*-Money Market Savings
OTHER TIERS: 0.40% → Up to $1k

The Wanda State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-3 Year CD
1.00%$2.5k-18 Month CD
0.85%$500-1 Year CD
0.60%$7.5k-91 Day CD
0.60%$10k-182 Day CD
0.55%$20k-7 to 31 Day CD
Locations


The Wanda State Bank Locations
The Wanda State Bank121 W MainWanda, MN 56294

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