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

Minnwest Bank Luverne - Overview

  • General
  • FDIC Certificate #: 8224
    Status: Active
    Federal Reserve ID: 957159
    Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
    Date Established: January 01, 1882
    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 #: 12315
    FDIC's unique #: 5245
    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: 116 East Main, Luverne, MN 56156
    County: Rock
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $169.6 mil
    Equity capital: $14.9 mil
    Deposits held in domestic offices: $149.3 mil
    Return on assets (ROA): 0.45% ($0.8 mil)
    Quarterly return on assets: 0.56% ($1.0 mil)
    Return on Equity (ROE): 5.24% ($0.8 mil)
    Quarterly return on equity: 6.39% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.74% ($1,255.3 mil)
    Quarterly Pretax return on assets: 0.96% ($1,628.4 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
  • 29Total employees (full-time equivalent)
  • $169,629Total assets
  • $26,890Cash and due from depository institutions
  • $22,411Interest-bearing balances
  • $21,344Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,053Net loans & leases
  • $1,350Loan loss allowance
  • $0Trading account assets
  • $567Bank premises and fixed assets
  • $2,431Other real estate owned
  • $651Goodwill and other intangibles
  • $169,629Life insurance assets
  • $2,693All other assets
  • $154,708Total liabilities and capital
  • $149,292Total liabilities
  • $132,858Total deposits
  • $149,292Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,786Trading liabilities
  • $0Other borrowed funds
  • $630Subordinated debt
  • $14,921All other liabilities
  • $14,921Total equity capital
  • $14,921Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $9,000Surplus
  • $5,421Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,585Income earned, not collected on loans
  • $0Earning assets
  • $1,234Long-term assets (5+ years)
  • $158,808Average Assets, year-to-date
  • $15,760Average Assets, quarterly
  • $170,078Volatile liabilities
  • $167,924Insider loans
  • $120,456FHLB advances
  • $168,535Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,194Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,507Restructured Loans and leases
  • $7,700Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,923Total interest income
  • $1,845Total interest expense
  • $5,078Net interest income
  • $295Provision for loan and lease losses
  • $38Total noninterest income
  • $0Fiduciary activities
  • $322Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$284Additional noninterest income
  • $3,561Total noninterest expense
  • $1,424Salaries and employee benefits
  • $245Premises and equipment expense
  • $1,892Additional noninterest expense
  • $1,260Pre-tax net operating income
  • $0Securities gains (losses)
  • $497Applicable income taxes
  • $763Income before extraordinary items
  • $0Extraordinary gains - net
  • $763Net income attributable to bank
  • $0Net charge-offs
  • $763Cash dividends
  • $597Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.24%Return on equity (ROE)
  • 5.24%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 49.41%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 68,628Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 85.17%Noncurrent assets plus other real estate owned to assets
  • 2.37%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 77.07%Net loans and leases to core deposits
  • 77.79%Equity capital to assets
  • 8.80%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 11.78%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $170,078Average earning assets
  • $14,556Average equity
  • $159,330Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05245Minnwest Bank Luverne116 East Main, Luverne, MN 56156January 01, 1882Full Service Brick and Mortar
    22601Minnwest Bank Luverne- Hwy 75 Branch800 S. Kniss, Luverne, MN 56156January 01, 1894Full Service Brick and Mortar
    35641Beaver Creek FacilityMain Street, Beaver Creek, MN 56116June 18, 1917Limited Service Facility

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