WesternBank (MN)

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.10%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.30%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.03%	Savings	Regular Savings 1.20% - Synchrony Bank High Yield Savings

View all WesternBank (MN) rates »

Overview / Commentary

www.wbduluth.com

218-335-4131

210 2nd Street Nw
Cass Lake, MN 56633

WesternBank (MN) is headquartered in Cass Lake and is the 277^th largest bank in the state of Minnesota. It is also the 5,602^nd largest bank in the nation. It was established in 1902 and as of March of 2017, it had grown to 8 employees at 1 location. WesternBank (MN) has a C+ health rating.

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Health

C+

Data as of Q1 2017

Learn why bank health matters

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

Overall
FDIC Certificate #	5110
Year Established	1902
Employees	8
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.61%
Return on Equity - YTD	6.51%
Annual Interest Income	$303.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$33.7MM$33.4MM
Loans	Q1 2017vs Q1 2016	$18.5MM$20.6MM
Deposits	Q1 2017vs Q1 2016	$30.4MM$30.1MM
Equity Capital	Q1 2017vs Q1 2016	$3.1MM$3.3MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$217.00K$253.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$16.00K$155.00K
Real Estate Owned	Q1 2017vs Q1 2016	$380.00K$481.00K

Rates

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Money Market
Checking
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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 (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.19%^†	-	-	Traditional IRA Savings
0.05%^†	-	-	Holiday Club
0.03%^†	-	-	Regular Savings

WesternBank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^†	-	-	Money Market Savings

WesternBank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.02%^†	-	-	Preferred Plus
0.02%^†	-	-	Business Preferred Plus

WesternBank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*^†	$10k^*	-	60 Month CD
OTHER TIERS: 0.60% → $1k - $10k
0.85%^*^†	$10k^*	-	48 Month CD
OTHER TIERS: 0.58% → $1k - $10k
0.65%^*^†	$10k^*	-	36 Month CD
OTHER TIERS: 0.53% → $1k - $10k
0.35%^*^†	$10k^*	-	24 Month CD
OTHER TIERS: 0.25% → $1k - $10k
0.30%^*^†	$10k^*	-	12 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.30%^*^†	$10k^*	-	18 Month CD
OTHER TIERS: 0.20% → $1k - $10k
0.15%^*^†	$10k^*	-	6 Month CD
OTHER TIERS: 0.08% → $1k - $10k
0.08%^*^†	$10k^*	-	3 Month CD
OTHER TIERS: 0.05% → $1k - $10k

WesternBank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%^*^†	$10k^*	-	60 Month IRA
OTHER TIERS: 0.60% → $1k - $10k
0.85%^*^†	$10k^*	-	48 Month IRA
OTHER TIERS: 0.58% → $1k - $10k
0.65%^*^†	$10k^*	-	36 Month IRA
OTHER TIERS: 0.53% → $1k - $10k
0.35%^*^†	$10k^*	-	24 Month IRA
OTHER TIERS: 0.25% → $1k - $10k
0.30%^*^†	$10k^*	-	12 Month IRA
OTHER TIERS: 0.20% → $1k - $10k
0.30%^*^†	$10k^*	-	18 Month IRA
OTHER TIERS: 0.20% → $1k - $10k
0.15%^*^†	$10k^*	-	6 Month IRA
OTHER TIERS: 0.08% → $1k - $10k
0.08%^*^†	$10k^*	-	3 Month IRA
OTHER TIERS: 0.05% → $1k - $10k

Locations

WesternBank (MN) Locations
Western National Bank	210 2nd Street NW	Cass Lake, MN 56633