Minnwest Bank Central
Montevideo, MN — Domestic Branch of a Domestic Bank
Acquired May 2014
Vitals
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Total Assets289.3M -2.7 %
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Total Deposits240.9M -1.7 %
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Total Net Loans236.6M 5.5 %
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Net Income764000.0000 -15.7 %
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Book Value30.8M -0.2 %
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Book Value x261.7M -0.2 %
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Book Value x392.5M -0.2 %
Balance Sheet Highlights
Financial Highlights | Minnwest Bank Central | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 289,323 | 131,444 |
Total Net Loans | 236,559 | 81,046 |
Total Deposits | 240,940 | 113,176 |
Total Equity | 30,846 | 13,482 |
Profitability | ||
Net Income | 764 | 336 |
Return on Average Assets | 1.021 | .947 |
Return on Average Equity | 9.911 | 9.369 |
Net Interest Margin | 3.593 | 3.742 |
Efficiency Ratio | 55.832 | 71.207 |
Noninterest Income/Revenue | 10.154 | 12.691 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 98.182 | 68.838 |
Securities/Assets | .069 | .2 |
Total Equity/Total Assets | .107 | .103 |
Tangible Equity/Tangible Assets | .106 | .101 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 30,455 | 13,072 |
Tier 2 Capital | 3,011 | 1,024 |
Total Capital | 33,466 | 14,121 |
Total Risk Weighted Assets | 254,996 | 90,050 |
Leverage Ratio | 10.18 | 10.057 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 11.94 | 15.523 |
Total Capital Ratio | 13.12 | 16.658 |
Timeline for Minnwest Bank Central
Minnwest Mortgage Corporation
Minnwest Mortgage Corporation became a new subsidiary organization for Minnwest Bank Central.
View Profile May 18 2011Minnwest Bank Ortonville
Acquisition: Minnwest Bank Central acquired a new subsidiary, Minnwest Bank Ortonville, 16 years
View Profile Mar 15 2008Minnwest Insurance Agency, Inc.
Minnwest Insurance Agency, Inc. became a new subsidiary organization for Minnwest Bank Central.
View Profile Dec 31 2002Minnwest Bank Dawson
Acquisition: Minnwest Bank Central acquired a new subsidiary, Minnwest Bank Dawson, 25 years
View Profile Aug 01 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Minnwest Bank | Buyer | 1,600,395 | Pooling of Interests | Discontinued | 5/24/2014 |
Minnwest Bank Ortonville | Seller | 96,428 | Pooling of Interests | Discontinued | 3/15/2008 |
Minnwest Bank Dawson | Seller | 36,728 | Pooling of Interests | Discontinued | 8/1/1998 |
Watson State Bank | Seller | 13,731 | Failure | 10/1/1988 |
Relationships | Role | Relationship Start | Relationship End |
Minnwest Corporation | Parent | 1/1/1995 | 5/23/2014 |
Minnwest, Incorporated | Parent | 1/19/1987 | 12/31/1994 |
Wells Fargo & Company | Parent | 12/31/1984 | 1/18/1987 |
Wells Fargo & Company | Parent | 12/31/1983 | 12/30/1984 |
Wells Fargo & Company | Parent | 12/31/1982 | 12/30/1983 |
Wells Fargo & Company | Parent | 12/31/1976 | 12/30/1982 |
Wells Fargo & Company | Parent | 12/31/1974 | 12/30/1976 |
Wells Fargo & Company | Parent | 5/9/1956 | 12/30/1974 |
Minndata, Incorporated | Subsidary | 3/15/2008 | 5/23/2014 |
Minnwest Insurance Agency, Inc. | Subsidary | 6/30/2007 | 5/23/2014 |
Minnwest Mortgage Corporation | Subsidary | 5/18/2011 | 4/9/2014 |
Minndata, Incorporated | Subsidary | 1/1/1995 | 3/14/2008 |
Minnwest Insurance Agency, Inc. | Subsidary | 12/31/2002 | 6/29/2007 |
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