Overview / Commentary
The Wanda State Bank is headquartered in Wanda and is the 131st largest bank in the state of Minnesota. It is also the 3,609th largest bank in the nation. It was established in 1932 and as of December of 2018, it had grown to 13 employees at 1 location. The Wanda State Bank's CD rates are 2X the national average, and it has an A health rating.
Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1908 |
| Year Established | 1932 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 5.02% |
| Annual Interest Income | $4.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $135.2MM$134.7MM |
| Loans | Q4 2018vs Q4 2017 | $85.6MM$83.4MM |
| Deposits | Q4 2018vs Q4 2017 | $112.0MM$112.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $22.0MM$21.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.8MM$1.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $86.00K$100.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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 |
|---|---|---|---|---|
| 2.77% | $2.5k | - | 18 Month CD | |
| 2.55% | $10k | - | 11 Month CD Special | |
| 2.35% | $1k | - | 3 Year CD | |
| 1.85% | $500 | - | 1 Year CD | |
| 1.61% | $10k | - | 182 Day CD | |
| 1.36% | $7.5k | - | 91 Day CD | |
| 1.16% | $20k | - | 7 to 31 Day CD |
Locations
| The Wanda State Bank Locations | ||
|---|---|---|
| The Wanda State Bank | 121 W Main | Wanda, MN 56294 |