Minnwest Bank
Redwood Falls, MN
IDRSSD: 302656
Total Assets
$2.94B
Latest filing
Total Deposits
$2.58B
Latest filing
Net Interest Margin
3.93%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Minnwest Bank
300 S Washington St
Redwood Falls, MN 56283
Full Service - Brick and Mortar
Updated 11/14/2025Established 05/19/1941FDIC Certificate 11035
Branches (35)
Page 1 of 5| Name | Address | City / State |
|---|---|---|
| Minnwest Bank (Main) | 300 S Washington St | Redwood Falls, MN |
| WILMONT BRANCH | 709 Main St | Wilmot, SD |
| WALDORF BRANCH | 102 Main St | Waldorf, MN |
| DANUBE BRANCH | 200 Oak St | Danube, MN |
| MINNWEST BANK METRO BRANCH | 1150 Yankee Doodle Rd | Eagan, MN |
| SPRING VALLEY BRANCH | 112 W Main St | Spring Valley, MN |
| MONTEVIDEO BRANCH | 1404 East State Highway 7 | Montevideo, MN |
| MARSHALL BRANCH | 301 Baseline Rd | Marshall, MN |
Showing 7 of 35
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 05/19/1941 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56283 |
| State and County Number | 27127 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 392 |
| Domestic Offices | 36 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/28/1950 |
| Primary Insurance Agency | DIF |
| Website | www.minnwestbank.com |
| Data Updated | 11/14/2025 |
| CERT | 16958 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $2.94B |
| Total Deposits | $2.58B |
| Total Liabilities | $2.62B |
| Total Equity Capital | $317.20M |
| Net Income | $8.42M |
| Net Loans and Leases | $2.09B |
| Assets Per Employee ($Millions) | $7.51M |
| Bank Premises and Fixed Assets | $30.75M |
| Cash and Balances due from Depository Institutions | $289.25M |
| Deposits Held in Domestic Offices | $2.58B |
Key Performance Ratios
| Return on Assets (ROA) | 1.15% |
| Return on Equity (ROE) | 10.8% |
| Net Interest Margin | 3.93% |
| Efficiency Ratio | 58.34% |
| Tier 1 Risk-Based Capital Ratio | 12.51% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.14% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.798% |
| Earning Assets to total Assets | 94.23% |
Income and Expense
| Total Interest Income | $40.49M |
| Total Noninterest Income | $3.67M |
| Total Interest Expense | $13.35M |
| Total Noninterest Expense | $18.16M |
| Net Interest Income | $27.14M |
| Pre-tax Net Operating Income | $11.64M |
| Provision for Credit Losses | $1.00M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $24.00k |
| Other borrowed funds | $13.85M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $29.50M |
| Total Liabilities and Capital | $2.94B |
Securities
| Securities | $409.12M |
| Available-for-sale debt securities | $409.12M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Minnwest Bank?
$2.94B as of the latest filing.
How much are Minnwest Bank's total deposits?
$2.58B in total deposits.
Where is Minnwest Bank located?
Redwood Falls, MN.
What is the Net Interest Margin?
3.93%.
How many domestic offices does it operate?
36.
When was it established?
05/19/1941.
What is the Return on Assets (ROA)?
1.15%.
How much are total loans and leases?
$2.09B (latest filing).
What is the total interest income (latest filing)?
$40.49M.