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

WesternBank is headquartered in Duluth and is the 156th largest bank in the state of Minnesota. It is also the 4,035th largest bank in the nation. It was established in 1904 and as of June of 2018, it had grown to 30 employees at 3 locations. WesternBank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5131
Year Established1904
Employees30
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.77%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$108.5MM$116.0MM
LoansQ2 2018vs Q2 2017$71.9MM$69.1MM
DepositsQ2 2018vs Q2 2017$94.5MM$101.9MM
Equity CapitalQ2 2018vs Q2 2017$13.7MM$13.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$835.00K$611.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.4MM$1.5MM
Real Estate OwnedQ2 2018vs Q2 2017$233.00K$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 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%--Holiday Savings
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
0.10%--Regular Savings

WesternBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%--Preferred Plus
0.02%$2.5k-Business Preferred Plus

WesternBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%*$100k*-30 Month CD Special
OTHER TIERS: 0.95% $5k - $10k | 1.75% $10k - $100k
1.75%*$100k*-18 Month CD Special
OTHER TIERS: 0.80% $5k - $10k | 1.50% $10k - $100k
1.35%*$100k*-60 Month CD
OTHER TIERS: 0.60% $1k - $10k | 1.03% $10k - $50k | 1.25% $50k - $100k
1.05%*$100k*-48 Month CD
OTHER TIERS: 0.55% $1k - $10k | 0.80% $10k - $50k | 0.95% $50k - $100k
0.95%*$50k*-36 Month CD
OTHER TIERS: 0.33% $1k - $10k | 0.60% $10k - $50k
0.60%*$100k*-24 Month CD
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $50k | 0.45% $50k - $100k
0.32%*$100k*-12 Month CD
OTHER TIERS: 0.20% $1k - $10k | 0.26% $10k - $50k | 0.30% $50k - $100k
0.20%*$100k*-6 Month CD
OTHER TIERS: 0.08% $1k - $10k | 0.15% $10k - $100k
0.08%*$100k*-3 Month CD
OTHER TIERS: 0.05% $1k - $50k | 0.07% $50k - $100k
Locations


WesternBank Locations
Western National Bank201 North Central AvenueDuluth, MN 55807
Downtown Branch202 West Superior StreetDuluth, MN 55802
Superone Foods Branch5401 Burning Tree RoadDuluth, MN 55811

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