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

WesternBank (MN) is headquartered in Cass Lake and is the 281st largest bank in the state of Minnesota. It is also the 5,683rd largest bank in the nation. It was established in 1902 and as of September of 2016, it had grown to 9 employees at 1 location. WesternBank (MN) has a C+ health rating.

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Health
C+
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
Employees9
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.12%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$35.1MM$31.6MM
LoansQ3 2016vs Q3 2015$19.4MM$20.8MM
DepositsQ3 2016vs Q3 2015$31.8MM$27.5MM
Equity CapitalQ3 2016vs Q3 2015$3.2MM$3.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$242.00K$293.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$247.00K$120.00K
Real Estate OwnedQ3 2016vs Q3 2015$682.00K$275.00K
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 (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.19%--Traditional IRA Savings
0.05%--Holiday Club
0.03%--Regular Savings

WesternBank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Money Market Savings

WesternBank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Preferred Plus
0.02%--Business Preferred Plus

WesternBank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Bank210 2nd Street NWCass Lake, MN 56633