WesternBank (MN)


Overview / Commentary
218-335-4131
210 2nd Street Nw
Cass Lake, MN 56633

WesternBank (MN) is headquartered in CASS LAKE and is the 232nd largest bank in the state of Minnesota. It is also the 4,346th largest bank in the nation. It was established in 1902 and as of March of 2025, it had grown to 6 employees at 1 location. WesternBank (MN) has a B health rating.

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Health
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 Established1902
Employees6
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.08%
Return on Equity - YTD19.38%
Annual Interest Income$369K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$32.7MM$33.9MM
LoansQ1 2025vs Q1 2024$11.8MM$11.7MM
DepositsQ1 2025vs Q1 2024$27.7MM$30.4MM
Equity CapitalQ1 2025vs Q1 2024$3.6MM$3.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$182K$182K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$69K
Real Estate OwnedQ1 2025vs Q1 2024$160K$184K
Rates

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Locations


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

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