Minnwest Bank South in Tracy, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Minnwest Bank South in Tracy, Minnesota (MN)
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Minnwest Bank South routing number info

Minnwest Bank South - Overview

  • General
  • FDIC Certificate #: 1410
    Status: Active
    Federal Reserve ID: 772558
    Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
    Date Established: January 01, 1905
    WWW: http://www.minnwestbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12715
    FDIC's unique #: 932
    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: January 01, 1934
    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: 250 Third Street, Tracy, MN 56175
    County: Lyon
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Marshall, MN (#32140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $232.5 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $198.5 mil
    Return on assets (ROA): -0.15% (-$0.3 mil)
    Quarterly return on assets: -0.02% (-$0.0 mil)
    Return on Equity (ROE): -1.81% (-$0.4 mil)
    Quarterly return on equity: -0.28% (-$0.1 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.31% (-$720.8 mil)
    Quarterly Pretax return on assets: -0.11% (-$255.8 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
  • 38Total employees (full-time equivalent)
  • $232,513Total assets
  • $62,961Cash and due from depository institutions
  • $53,439Interest-bearing balances
  • $33,033Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $123,471Net loans & leases
  • $1,995Loan loss allowance
  • $0Trading account assets
  • $770Bank premises and fixed assets
  • $7,965Other real estate owned
  • $564Goodwill and other intangibles
  • $232,513Life insurance assets
  • $3,749All other assets
  • $212,559Total liabilities and capital
  • $198,464Total liabilities
  • $163,640Total deposits
  • $198,464Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,015Trading liabilities
  • $0Other borrowed funds
  • $1,080Subordinated debt
  • $19,954All other liabilities
  • $19,954Total equity capital
  • $19,954Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $17,501Surplus
  • $1,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,667Income earned, not collected on loans
  • $0Earning assets
  • $1,577Long-term assets (5+ years)
  • $209,943Average Assets, year-to-date
  • $16,828Average Assets, quarterly
  • $226,167Volatile liabilities
  • $224,431Insider loans
  • $139,711FHLB advances
  • $225,287Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,244Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,765Restructured Loans and leases
  • $524Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,845Total interest income
  • $2,568Total interest expense
  • $5,277Net interest income
  • $300Provision for loan and lease losses
  • -$356Total noninterest income
  • $0Fiduciary activities
  • $454Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$810Additional noninterest income
  • $5,330Total noninterest expense
  • $2,207Salaries and employee benefits
  • $320Premises and equipment expense
  • $2,803Additional noninterest expense
  • -$709Pre-tax net operating income
  • $0Securities gains (losses)
  • -$378Applicable income taxes
  • -$331Income before extraordinary items
  • $0Extraordinary gains - net
  • -$331Net income attributable to bank
  • $0Net charge-offs
  • -$331Cash dividends
  • $818Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 2.56%Net interest margin
  • -0.17%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -1.81%Return on equity (ROE)
  • -1.81%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 36.67%Credit loss provision to net charge-offs
  • -0.50%Efficiency ratio
  • 108,311Assets per employee
  • 6.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 54.40%Noncurrent assets plus other real estate owned to assets
  • 5.00%Noncurrent loans to loans
  • 2.92%Net loans and leases to deposits
  • 62.21%Net loans and leases to core deposits
  • 64.83%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 13.06%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $226,167Average earning assets
  • $18,281Average equity
  • $206,372Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0932Minnwest Bank South250 Third Street, Tracy, MN 56175January 01, 1905Full Service Brick and Mortar
    25655Minnwest Bank South Branch2565 King Avenue, Slayton, MN 56172Febuary 02, 1930Full Service Brick and Mortar
    33470Lake Wilson BranchBroadway And Minnesota Avenue, Lake Wilson, MN 56151January 31, 1919Full Service Brick and Mortar

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