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


  • Minnwest Bank Luverne in Luverne, Minnesota (MN)
  • Show street view No street view available for this location
Minnwest Bank Luverne routing number info

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Minnwest Bank Luverne.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents