Minnwest Bank, M.V. in city_name, state_name - Detailed Financial Reports, Location

Minnwest Bank, M.V. in Redwood Falls, Minnesota (MN)
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Minnwest Bank, M.V. routing number info

Minnwest Bank, M.V. - Overview

General
FDIC Certificate #: 16958
Status: Active
Federal Reserve ID: 302656
Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
Date Established: May 19, 1941
WWW: http://www.minnwestbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 14673
FDIC's unique #: 11035
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: November 28, 1950
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 300 South Washington Street, Redwood Falls, MN 56283
County: Redwood
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $517.9 mil
Equity capital: $49.2 mil
Deposits held in domestic offices: $447.9 mil
Return on assets (ROA): 0.85% ($4.4 mil)
Quarterly return on assets: 0.45% ($2.3 mil)
Return on Equity (ROE): 8.90% ($4.4 mil)
Quarterly return on equity: 4.73% ($2.3 mil)
Net income: $4.4 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.33% ($6,888.1 mil)
Quarterly Pretax return on assets: 0.69% ($3,573.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
86Total employees (full-time equivalent)
$517,901Total assets
$73,715Cash and due from depository institutions
$62,985Interest-bearing balances
$33,882Securities
$0Federal funds sold & reverse repurchase agreements
$383,317Net loans & leases
$5,719Loan loss allowance
$0Trading account assets
$3,840Bank premises and fixed assets
$13,957Other real estate owned
$849Goodwill and other intangibles
$517,901Life insurance assets
$8,341All other assets
$468,673Total liabilities and capital
$447,911Total liabilities
$376,184Total deposits
$447,911Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$18,612Trading liabilities
$0Other borrowed funds
$2,150Subordinated debt
$49,228All other liabilities
$49,228Total equity capital
$49,228Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$29,650Surplus
$19,078Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,749Income earned, not collected on loans
$62Earning assets
$3,315Long-term assets (5+ years)
$480,184Average Assets, year-to-date
$14,368Average Assets, quarterly
$516,061Volatile liabilities
$516,775Insider loans
$397,883FHLB advances
$512,499Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$47,985Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$128,604Restructured Loans and leases
$27Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$23,791Total interest income
$5,999Total interest expense
$17,792Net interest income
$720Provision for loan and lease losses
-$51Total noninterest income
$0Fiduciary activities
$870Service charges on deposit accounts
$0Trading account gains & fees
-$921Additional noninterest income
$10,163Total noninterest expense
$5,261Salaries and employee benefits
$818Premises and equipment expense
$4,084Additional noninterest expense
$6,858Pre-tax net operating income
$0Securities gains (losses)
$2,481Applicable income taxes
$4,377Income before extraordinary items
$0Extraordinary gains - net
$4,377Net income attributable to bank
$0Net charge-offs
$4,377Cash dividends
$737Sale, conversion, retirement of capital stock, net
$4,000Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.98%Yield on earning assets
1.26%Cost of funding earning assets
3.72%Net interest margin
-0.01%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
1.33%Pretax return on assets
8.90%Return on equity (ROE)
0.77%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
97.69%Credit loss provision to net charge-offs
10.28%Efficiency ratio
57,285Assets per employee
6.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.39%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
152.55%Noncurrent assets plus other real estate owned to assets
3.42%Noncurrent loans to loans
0.96%Net loans and leases to deposits
85.58%Net loans and leases to core deposits
91.06%Equity capital to assets
9.51%Core capital (leverage) ratio
9.36%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$516,061Average earning assets
$49,154Average equity
$477,826Average loans

List of branches

8 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	11035	Minnwest Bank, M.V.	300 South Washington Street, Redwood Falls, MN 56283	May 19, 1941	Full Service Brick and Mortar
1	5993	Belview Branch	Main Street, Belview, MN 56214	May 21, 1928	Full Service Brick and Mortar
2	8525	Gibbon Branch	1069 First Avenue, Gibbon, MN 55335	September 30, 1906	Full Service Brick and Mortar
3	10833	Danube Branch	Oak And Main Streets, Danube, MN 56230	August 10, 1935	Full Service Brick and Mortar
4	6003	Eastside Branch	1275 East Bridge Street, Redwood Falls, MN 56283	January 01, 1914	Full Service Brick and Mortar
5	219938	Minnwest Bank, M.V. - Morton Branch Office	224 West 2nd Street, Morton, MN 56270	August 08, 1983	Limited Service Facility
6	219931	Marshall Branch	301 Baseline Road, Marshall, MN 56258	June 10, 1996	Full Service Brick and Mortar
7	419592	St. Cloud Branch	3130 2nd Street S., Saint Cloud, MN 56302	September 09, 2002	Full Service Brick and Mortar

Minnwest Bank, M.V. in Redwood Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Minnwest Bank, M.V. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Minnwest Bank, M.V. in Redwood Falls, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Minnwest Bank, M.V. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Minnwest Bank, M.V. in Redwood Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches