WesternBank


Overview / Commentary
218-723-1000
201 North Central Avenue
Duluth, MN 55807

WesternBank is headquartered in Duluth and is the 157th largest bank in the state of Minnesota. It is also the 3,824th largest bank in the nation. It was established in 1904 and as of September of 2021, it had grown to 29 employees at 3 locations. WesternBank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5131
Year Established1904
Employees29
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD4.62%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$123.4MM$120.0MM
LoansQ3 2021vs Q3 2020$79.1MM$81.7MM
DepositsQ3 2021vs Q3 2020$107.3MM$96.0MM
Equity CapitalQ3 2021vs Q3 2020$14.2MM$14.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$820.00K$781.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$0$892.00K
Real Estate OwnedQ3 2021vs Q3 2020$1.9MM$1.8MM
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 rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

WesternBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$300k*-Western Capital
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.20% $50k - $300k
0.25%$100-Traditional IRA
0.25%$100-Roth IRA
0.05%--Regular Savings

WesternBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Preferred Plus
0.02%$2.5k-Business Preferred Plus

WesternBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-60 Month CD
0.40%$1k-48 Month CD
0.35%$1k-24 Month CD
0.35%$1k-36 Month CD
0.30%$1k-12 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD

WesternBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-60 Month IRA
0.40%$1k-48 Month IRA
0.35%$1k-24 Month IRA
0.35%$1k-36 Month IRA
0.30%$1k-12 Month IRA
0.05%$1k-3 Month IRA
0.05%$1k-6 Month IRA
Locations


WesternBank Locations
Western National Bank201 North Central AvenueDuluth, MN 55807
Downtown Branch202 West Superior StreetDuluth, MN 55802
Superone Foods Branch4120 Richard AvenueHermantown, MN 55811

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