Minnwest Bank


Minnwest Bank is an FDIC insured institution headquartered at 300 S Washington St, Redwood Falls, MN 56283.
It was founded in 1941 and has approximately $3 billion in assets. Customers can open an account at one of its 24 branches.

Deposit Rates - October 9, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16958
Date Established 1941
Assets $ 3.15 billion
Loans $ 2.30 billion
Deposits $ 2.60 billion
Capital $ 283.44 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 102.95 million
Interest-bearing balances $ 87.47 million
Total securities $ 576.51 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.30 billion
Loan loss allowance $ 32.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.54 million
Goodwill and other intangibles $ 43.35 million
All other assets $ 71.25 million
     Total Assets $ 2.86 billion

LIABILITIES
Total deposits $ 2.60 billion
      Interest-bearing deposits $ 2.07 billion
      Deposits held in domestic offices $ 2.60 billion
      % insured (estimated) 79.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 36.87 million
Subordinated debt N.A.
All other liabilities $ 7.58 millionn
      Total Liabilities $ 2.86 billion
      Shareholders’ Equity $ 283.44 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 75.81 million
Total Interest Expense $ 33.53 million
Net interest income $ 42.28 million
Provision for loan and lease losses $ 0.90 million
Total non interest income $ 7.67 million
Total non interest expense $ 35.61 million
Pre-tax Net Operating Income $ 19.81 million

Customer Reviews for Minnwest Bank

There are currently no comments for Minnwest Bank. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change.
Your current location is: Ashburn, VA

Minnwest Bank Locations