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Minnwest Bank
Minnwest Bank
RSSD ID 302656 | CERTIFICATE 16958 | ABA NUMBER 91915845 |
300 S Washington St |
Quarter Ended : |
2025-06-30 |
Redwood Falls, Minnesota, 56283 |
Updated : |
2025-08-06 |
www.minnwestbank.com |
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Institution Profile |
Year Opened : |
1941 |
Institution Type : |
Commercial bank |
Entity Type : |
State |
Federal Regulator : |
FDIC |
Member Federal Reserve : |
No |
S-Corp : |
No |
Fiduciary Powers : |
No |
Powers Exercised : |
No |
Filing Type : |
041 |
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Specialization : |
Agricultural Specialization |
Number of Offices : |
36 |
Number of Employees : |
392 |
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Financial Fast Facts |
Balance Sheet (USD, in thousands) |
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Income Statement (USD, in thousands, ytd) |
Total Assets | 2,923,779 |
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Total Interest Income | 79,382 |
Total Liabilities | 2,617,247 |
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Total NonInterest Income | 8,605 |
Total Bank Equity Capital | 306,532 |
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Total Interest Expense | 29,011 |
Total Deposits | 2,580,736 |
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Total NonInterest Expense | 37,599 |
Net Loans & Leases | 2,174,794 |
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Net Income | 12,632 |
Loan Loss Allowance | 33,136 |
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Net Charge Offs | 1,612 |
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Regulatory Capital |
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Quarterly Averages (USD, in thousands) |
Total capital | 315,705 |
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Total loans | 2,139,008 |
Total assets for the leverage ratio | 2,954,877 |
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Loans secured by real estate: | 1,673,242 |
Tier 1 Leverage Ratio | 9.66 |
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Commercial and industrial loans | 162,503 |
Tier 1 Capital Ratio | 11.78 |
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Loans to individuals - Credit Cards | 0 |
Total Capital Ratio | 13.03 |
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Loans to individuals - Other | 12,229 |
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