Minnesota Bank & Trust

Headquarters

7701 France Avenue South
Edina, MN 55435
See all branch locations →

Phone 952-936-7800

Minnesota Bank & Trust
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

Minnesota Bank & Trust is an FDIC insured institution located in Edina, MN. It was founded in 2008 and has approximately $0.78 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58818
Date Established 2008
Assets $ 778.83 million
Loans $ 482.01 million
Deposits $ 648.56 million
Capital $ 107.31 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Minnesota Bank & Trust

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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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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Note to Minnesota Bank & Trust
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Branches

Minnesota Bank & Trust 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


Minnesota Bank & Trust Locations


Financial Details

Minnesota Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Minnesota Bank & Trust. 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
Minnesota Bank & Trust U.S. Bank Average
4.92% 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, Minnesota Bank & Trust had $5,293,000 in non-current loans and $289,000 in owned real estate. To cover these potential losses it had $107,306,000 in equity and $6,096,000 in loans loss reserves. That gives it a Texas Ratio of 4.92%.

Return on Equity
Minnesota Bank & Trust U.S. Bank Average
6.79% 7.80%

Minnesota Bank & Trust has a Return on Equity of 6.79% 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
Minnesota Bank & Trust U.S. Bank Average
13.78% 12.68%

Minnesota Bank & Trust has a Capitalization of 13.78% 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.

Minnesota Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Minnesota Bank & Trust had assets of $778,834,000, loans of $482,012,000, and deposits of $648,560,000. 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 $ 9.95 million
Interest-bearing balances $ 5.36 million
Total securities $ 177.34 million
Federal funds sold and reverse repurchase $ 43.68 million
Net loans and leases $ 482.01 million
Loan loss allowance $ 6.10 million
Trading account assets $ 7.01 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 38.86 million
All other assets $ 18.27 million
     Total Assets $ 671.53 million
LIABILITIES
Total deposits $ 648.56 million
      Interest-bearing deposits $ 458.84 million
      Deposits held in domestic offices $ 648.56 million
      % insured (estimated) 44.19%
Federal funds purchased and repurchase agreements $ 1.19 million
Trading liabilities $ 7.01 million
Other borrowed funds $ 3.81 million
Subordinated debt N.A.
All other liabilities $ 10.95 million
      Total Liabilities $ 671.53 million
      Shareholders’ Equity $ 107.31 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.57 million
Total Interest Expense $ 1.04 million
Net interest income $ 6.53 million
Provision for loan and lease losses $ 0.75 million
Total non interest income $ 0.99 million
Total non interest expense $ 4.59 million
Pre-tax Net Operating Income $ 2.17 million

Bank Loan Profile?

The top three loan types in Minnesota Bank & Trust’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, Minnesota Bank & Trust has a significantly higher percent of Construction and Development Loans, Commercial and Industrial 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 12.85
Multifamily
Mortgages
1.46
Credit Card Loans 0.01
Consumer Auto Loans 0.08
Small Business Loans 7.63
Construction and Development Loans 12.30
Commercial Real Estate 34.10
Commercial and Industrial Loans 32.35
Farm Loans 0.00

Frequently Asked Questions About Minnesota Bank & Trust

Branches and Savings

Is Minnesota Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58818.

Why does Minnesota Bank & Trust pay such low interest on savings accounts?

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

Why are Minnesota Bank & Trust CD rates not competitive?

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

Is Minnesota Bank & Trust a commercial bank?

Yes

Where are Minnesota Bank & Trust locations?

See branch locations nearby.

Is Minnesota Bank & Trust open on Saturdays?

Is Minnesota Bank & Trust open on Sundays?

What time does Minnesota Bank & Trust open?

What time does Minnesota Bank & Trust close?

Are Minnesota Bank & Trust ATMs Open 24/7?

Do Minnesota Bank & Trust ATMs accept cash deposits?

Can Minnesota Bank & Trust customers use other ATMs?

Do Minnesota Bank & Trust branches have notaries?

Will Minnesota Bank & Trust notarize my document?

What address for Minnesota Bank & Trust should I put for incoming ACH transfers?

Will the Minnesota Bank & Trust branch print checks?

Do Minnesota Bank & Trust checks expire?

Does Minnesota Bank & Trust require US citizenship to open account?

Can Minnesota Bank & Trust close my account?

Does Minnesota Bank & Trust Report to credit bureaus?

Does Minnesota Bank & Trust Use Equifax?

What is Minnesota Bank & Trust's ACH Routing Number?

What is Minnesota Bank & Trust's SWIFT code?

Products

Does Minnesota Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Minnesota Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Minnesota Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Minnesota Bank & Trust offer student loans?

Will Minnesota Bank & Trust cash a check?

Will Minnesota Bank & Trust redeem a savings bond?

Does Minnesota Bank & Trust cash savings bonds?

Will Minnesota Bank & Trust cash money orders?

Can Minnesota Bank & Trust issue a money order?

Does Minnesota Bank & Trust do currency exchange?

Background on The Bank

Who owns Minnesota Bank & Trust?

How long has Minnesota Bank & Trust been around?

Can Minnesota Bank & Trust transfer to other banks?

Does Minnesota Bank & Trust have quick pay?

Does Minnesota Bank & Trust accept rolled coins?

Will Minnesota Bank & Trust accept loose change?

Where is Minnesota Bank & Trust headquarters?

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*Should any logos, images or public notes appear on this page,they do so courtesy of Minnesota Bank & Trust and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.