Minnwest Bank Luverne
Luverne, MN — Domestic Branch of a Domestic Bank
Acquired May 2014
Vitals
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Total Assets164.6M 0.7 %
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Total Deposits144.4M 0.6 %
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Total Net Loans124.6M 11.2 %
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Net Income462000.0000 13.0 %
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Book Value16.3M 3.4 %
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Book Value x232.6M 3.4 %
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Book Value x348.9M 3.4 %
Balance Sheet Highlights
Financial Highlights | Minnwest Bank Luverne | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 164,629 | 131,444 |
Total Net Loans | 124,590 | 81,046 |
Total Deposits | 144,372 | 113,176 |
Total Equity | 16,306 | 13,482 |
Profitability | ||
Net Income | 462 | 336 |
Return on Average Assets | 1.113 | .947 |
Return on Average Equity | 11.374 | 9.369 |
Net Interest Margin | 3.593 | 3.742 |
Efficiency Ratio | 50.122 | 71.207 |
Noninterest Income/Revenue | 6.921 | 12.691 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 86.298 | 68.838 |
Securities/Assets | .133 | .2 |
Total Equity/Total Assets | .099 | .103 |
Tangible Equity/Tangible Assets | .096 | .101 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 15,689 | 13,072 |
Tier 2 Capital | 1,609 | 1,024 |
Total Capital | 17,298 | 14,121 |
Total Risk Weighted Assets | 128,407 | 90,050 |
Leverage Ratio | 9.48 | 10.057 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.22 | 15.523 |
Total Capital Ratio | 13.47 | 16.658 |
Timeline for Minnwest Bank Luverne
Minnwest Mortgage Corporation
Minnwest Mortgage Corporation became a new subsidiary organization for Minnwest Bank Luverne.
View Profile May 18 2011First National Bank Of Luverne
Acquisition: Minnwest Bank Luverne acquired a new subsidiary, First National Bank Of Luverne, 20 years
View Profile Feb 07 2004Minnwest Corporation
Minnwest Corporation became a new parent organization for Minnwest Bank Luverne.
View Profile Jan 01 1995Minndata, Incorporated
Minndata, Incorporated became a new subsidiary organization for Minnwest Bank Luverne.
View Profile Jan 01 1995Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Minnwest Bank | Buyer | 1,600,395 | Pooling of Interests | Discontinued | 5/24/2014 |
First National Bank Of Luverne | Seller | 24,235 | Sale of Assets | 2/7/2004 |
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 | 12/31/1982 | 12/30/1984 |
Wells Fargo & Company | Parent | 12/31/1981 | 12/30/1982 |
Wells Fargo & Company | Parent | 12/31/1977 | 12/30/1981 |
Wells Fargo & Company | Parent | 12/31/1976 | 12/30/1977 |
Wells Fargo & Company | Parent | 5/9/1956 | 12/30/1976 |
Minndata, Incorporated | Subsidary | 1/1/1995 | 5/23/2014 |
Minnwest Mortgage Corporation | Subsidary | 5/18/2011 | 4/9/2014 |
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