Banks · Minnesota

Minnwest Bank

Redwood Falls, MN · FDIC Certificate #16958 · Chartered 05/1

Total assets

$2.94B

Total deposits

$2.57B

Total equity

$338.22M

Net loans

$2.32B

Branches (offices)

Net income (YTD)

$17.02M

Rank: #436 of 4,213 U.S. banks by assets · #5 of 221 in Minnesota. Assets changed 0.6% and deposits -0.4% over the year to June 30, 2026.

Key ratios

Return on assets (YTD, annualized by FDIC)	1.14%
Return on equity	10.26%
Net interest margin (YTD)	4.23%
Equity to assets	11.50%
Tier 1 leverage ratio	10.80%
Uninsured deposits (share of deposits)	26.4%
Noncurrent loans (share of loans)	0.56%
Net charge-offs (share of loans)	0.20%
Loans to deposits	90.3%
Real estate loans (share of loans)	70.4%

Loan mix

Category	Amount	Share
Real estate loans	$1.63B	70.4%
Commercial & industrial	$250.70M	10.8%
Consumer / individual	$10.01M	0.4%
Construction & development	$156.70M	6.8%
Agricultural	$382.30M	16.5%

Five-year trend (June snapshots)

Period	Total assets	Deposits	Net income (year to date)	Equity / net worth
Jun 2022	$2.66B	$2.38B	$14.56M	$241.57M
Jun 2023	$2.91B	$2.49B	$10.32M	$257.71M
Jun 2024	$3.15B	$2.60B	$9.77M	$283.44M
Jun 2025	$2.92B	$2.58B	$12.63M	$306.53M
Jun 2026	$2.94B	$2.57B	$17.02M	$338.22M

Where its branch deposits sit (FDIC Summary of Deposits)

State	Branch deposits	Offices
Minnesota	$2.36B	30
South Dakota	$210.43M	6

Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $2.57B.

Similar-sized banks

First Federal Savings And Loan Association Of Lakewood ($2.94B) · Bryant Bank ($2.94B)

Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.