Featured Savings Rates
Featured Accounts

WesternBank (MN)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.10%5-year CD60 Month CD
0.30%1-year CD12 Month CD
0.03%SavingsRegular Savings

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

WesternBank (MN) is headquartered in Cass Lake and is the 277th largest bank in the state of Minnesota. It is also the 5,602nd 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+
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
Employees8
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.51%
Annual Interest Income$303.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$33.7MM$33.4MM
LoansQ1 2017vs Q1 2016$18.5MM$20.6MM
DepositsQ1 2017vs Q1 2016$30.4MM$30.1MM
Equity CapitalQ1 2017vs Q1 2016$3.1MM$3.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$217.00K$253.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$16.00K$155.00K
Real Estate OwnedQ1 2017vs Q1 2016$380.00K$481.00K
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