WesternBank (MN)

Overview / Commentary
210 2nd Street Nw
Cass Lake, MN 56633

WesternBank (MN) is headquartered in Cass Lake and is the 251st largest bank in the state of Minnesota. It is also the 4,626th largest bank in the nation. It was established in 1902 and as of June of 2022, it had grown to 4 employees at 1 location. WesternBank (MN) has a C+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. WesternBank (MN) has a low asset base.

Health Grade Components

FDIC Certificate #5110
Year Established1902
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.54%
Annual Interest Income$441.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$37.2MM$40.2MM
LoansQ2 2022vs Q2 2021$13.5MM$15.6MM
DepositsQ2 2022vs Q2 2021$33.7MM$36.7MM
Equity CapitalQ2 2022vs Q2 2021$3.4MM$3.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$242.00K$203.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$49.00K
Real Estate OwnedQ2 2022vs Q2 2021$166.00K$117.00K

Rates for WesternBank (MN) are currently being reviewed.


WesternBank (MN) Locations
Western National Bank210 2nd St NwCass Lake, MN 56633

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