Commercial Bank of Minnesota

Headquarters

274 10th Street
Heron Lake, MN 56137
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Commercial Bank of Minnesota is an FDIC insured institution located in Heron Lake, MN. It was founded in 1953 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 17225
Date Established 1953
Assets $ 34.50 million
Loans $ 22.95 million
Deposits $ 30.17 million
Capital $ 3.94 million
 

For a more detailed analysis of Commercial Bank of Minnesota's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Commercial Bank of Minnesota

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Commercial Bank of Minnesota
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Branches

Commercial Bank of Minnesota branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Commercial Bank of Minnesota Locations


Financial Details

Commercial Bank of Minnesota Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Commercial Bank of Minnesota. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Commercial Bank of Minnesota U.S. Bank Average
50.71% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Commercial Bank of Minnesota had $752,000 in non-current loans and $1,244,000 in owned real estate. To cover these potential losses it had $3,936,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 50.71%.

Return on Equity
Commercial Bank of Minnesota U.S. Bank Average
2.9% 7.80%

Commercial Bank of Minnesota has a Return on Equity of 2.9% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Commercial Bank of Minnesota U.S. Bank Average
11.41% 12.68%

Commercial Bank of Minnesota has a Capitalization of 11.41% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Commercial Bank of Minnesota Balance Sheet Analysis

As of September 30, 2013, Commercial Bank of Minnesota had assets of $34,503,000, loans of $22,953,000, and deposits of $30,166,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 22.95 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 30.17 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 34.50 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Commercial Bank of Minnesota’s loan portfolio are Commercial Real Estate, Small Business Loans, and Farm Loans.

Compared to other banks in Minnesota, Commercial Bank of Minnesota has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.21
Multifamily
Mortgages
2.66
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 23.40
Construction and Development Loans 8.98
Commercial Real Estate 25.87
Commercial and Industrial Loans 3.71
Farm Loans 16.73

Frequently Asked Questions About Commercial Bank Of Minnesota

Branches and Savings

Is Commercial Bank Of Minnesota FDIC insured?

Yes. It is covered under FDIC Certificate #17225.

Why does Commercial Bank Of Minnesota pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Commercial Bank Of Minnesota CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Commercial Bank Of Minnesota a commercial bank?

Yes

Where are Commercial Bank Of Minnesota locations?

See branch locations nearby.

Is Commercial Bank Of Minnesota open on Saturdays?

Is Commercial Bank Of Minnesota open on Sundays?

What time does Commercial Bank Of Minnesota open?

What time does Commercial Bank Of Minnesota close?

Are Commercial Bank Of Minnesota ATMs Open 24/7?

Do Commercial Bank Of Minnesota ATMs accept cash deposits?

Can Commercial Bank Of Minnesota customers use other ATMs?

Do Commercial Bank Of Minnesota branches have notaries?

Will Commercial Bank Of Minnesota notarize my document?

What address for Commercial Bank Of Minnesota should I put for incoming ACH transfers?

Will the Commercial Bank Of Minnesota branch print checks?

Do Commercial Bank Of Minnesota checks expire?

Does Commercial Bank Of Minnesota require US citizenship to open account?

Can Commercial Bank Of Minnesota close my account?

Does Commercial Bank Of Minnesota Report to credit bureaus?

Does Commercial Bank Of Minnesota Use Equifax?

What is Commercial Bank Of Minnesota's ACH Routing Number?

What is Commercial Bank Of Minnesota's SWIFT code?

Products

Does Commercial Bank Of Minnesota offer mortgages?

Compare mortgage rates here.

Does Commercial Bank Of Minnesota offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commercial Bank Of Minnesota offer personal loans?

Compare personal loan rates here.

Does Commercial Bank Of Minnesota offer student loans?

Will Commercial Bank Of Minnesota cash a check?

Will Commercial Bank Of Minnesota redeem a savings bond?

Does Commercial Bank Of Minnesota cash savings bonds?

Will Commercial Bank Of Minnesota cash money orders?

Can Commercial Bank Of Minnesota issue a money order?

Does Commercial Bank Of Minnesota do currency exchange?

Background on The Bank

Who owns Commercial Bank Of Minnesota?

How long has Commercial Bank Of Minnesota been around?

Can Commercial Bank Of Minnesota transfer to other banks?

Does Commercial Bank Of Minnesota have quick pay?

Does Commercial Bank Of Minnesota accept rolled coins?

Will Commercial Bank Of Minnesota accept loose change?

Where is Commercial Bank Of Minnesota headquarters?

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