Minnwest Bank South

Headquarters

250 Third Street
Tracy, MN 56175
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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

Minnwest Bank South is an FDIC insured institution located in Tracy, MN. It was founded in 1905 and has approximately $0.2 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1410
Date Established 1905
Assets $ 204.27 million
Loans $ 149.99 million
Deposits $ 172.08 million
Capital $ 22.30 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Minnwest Bank South

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




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
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Note to Minnwest Bank South
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Branches

Minnwest Bank South 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


Minnwest Bank South Locations


Financial Details

Minnwest Bank South Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Minnwest Bank South. 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
Minnwest Bank South U.S. Bank Average
13.91% 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, Minnwest Bank South had $3,000 in non-current loans and $3,429,000 in owned real estate. To cover these potential losses it had $22,304,000 in equity and $2,363,000 in loans loss reserves. That gives it a Texas Ratio of 13.91%.

Return on Equity
Minnwest Bank South U.S. Bank Average
7.71% 7.80%

Minnwest Bank South has a Return on Equity of 7.71% 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
Minnwest Bank South U.S. Bank Average
10.92% 12.68%

Minnwest Bank South has a Capitalization of 10.92% 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.

Minnwest Bank South Balance Sheet Analysis

As of March 31, 2014, Minnwest Bank South had assets of $204,269,000, loans of $149,986,000, and deposits of $172,082,000. 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 $ 149.99 million
Loan loss allowance $ 2.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.43 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 172.08 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 $ 204.27 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 Minnwest Bank South’s loan portfolio are Farm Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Minnwest Bank South has a significantly higher percent of Farm 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 3.46
Multifamily
Mortgages
1.19
Credit Card Loans 0.00
Consumer Auto Loans 0.22
Small Business Loans 6.99
Construction and Development Loans 1.97
Commercial Real Estate 20.86
Commercial and Industrial Loans 4.38
Farm Loans 32.51

Frequently Asked Questions About Minnwest Bank South

Branches and Savings

Is Minnwest Bank South FDIC insured?

Yes. It is covered under FDIC Certificate #1410.

Why does Minnwest Bank South pay such low interest on savings accounts?

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

Why are Minnwest Bank South CD rates not competitive?

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

Is Minnwest Bank South a commercial bank?

Yes

Where are Minnwest Bank South locations?

See branch locations nearby.

Is Minnwest Bank South open on Saturdays?

Is Minnwest Bank South open on Sundays?

What time does Minnwest Bank South open?

What time does Minnwest Bank South close?

Are Minnwest Bank South ATMs Open 24/7?

Do Minnwest Bank South ATMs accept cash deposits?

Can Minnwest Bank South customers use other ATMs?

Do Minnwest Bank South branches have notaries?

Will Minnwest Bank South notarize my document?

What address for Minnwest Bank South should I put for incoming ACH transfers?

Will the Minnwest Bank South branch print checks?

Do Minnwest Bank South checks expire?

Does Minnwest Bank South require US citizenship to open account?

Can Minnwest Bank South close my account?

Does Minnwest Bank South Report to credit bureaus?

Does Minnwest Bank South Use Equifax?

What is Minnwest Bank South's ACH Routing Number?

What is Minnwest Bank South's SWIFT code?

Products

Does Minnwest Bank South offer mortgages?

Compare mortgage rates here.

Does Minnwest Bank South offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Minnwest Bank South offer personal loans?

Compare personal loan rates here.

Does Minnwest Bank South offer student loans?

Will Minnwest Bank South cash a check?

Will Minnwest Bank South redeem a savings bond?

Does Minnwest Bank South cash savings bonds?

Will Minnwest Bank South cash money orders?

Can Minnwest Bank South issue a money order?

Does Minnwest Bank South do currency exchange?

Background on The Bank

Who owns Minnwest Bank South?

How long has Minnwest Bank South been around?

Can Minnwest Bank South transfer to other banks?

Does Minnwest Bank South have quick pay?

Does Minnwest Bank South accept rolled coins?

Will Minnwest Bank South accept loose change?

Where is Minnwest Bank South headquarters?

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