Minnwest Bank Sioux Falls in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Minnwest Bank Sioux Falls - Overview

  • General
  • FDIC Certificate #: 35545
    Status: Active
    Federal Reserve ID: 2910194
    Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
    Date Established: June 30, 2000
    WWW: http://www.minnwestbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 81654
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 30, 2000
    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: 5001 South Louise Avenue, Sioux Falls, SD 57108
    County: Minnehaha
    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: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $121.0 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $105.3 mil
    Return on assets (ROA): 0.58% ($0.7 mil)
    Quarterly return on assets: 0.87% ($1.1 mil)
    Return on Equity (ROE): 7.75% ($0.8 mil)
    Quarterly return on equity: 11.13% ($1.1 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.94% ($1,137.1 mil)
    Quarterly Pretax return on assets: 1.46% ($1,766.1 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
  • 19Total employees (full-time equivalent)
  • $120,969Total assets
  • $23,308Cash and due from depository institutions
  • $21,509Interest-bearing balances
  • $9,869Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,309Net loans & leases
  • $1,376Loan loss allowance
  • $0Trading account assets
  • $1,483Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $120,969Life insurance assets
  • $2,000All other assets
  • $111,322Total liabilities and capital
  • $105,350Total liabilities
  • $97,666Total deposits
  • $105,350Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $472Subordinated debt
  • $9,647All other liabilities
  • $9,647Total equity capital
  • $9,647Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,500Surplus
  • $4,647Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,571Income earned, not collected on loans
  • $26Earning assets
  • $659Long-term assets (5+ years)
  • $115,687Average Assets, year-to-date
  • $4,751Average Assets, quarterly
  • $123,240Volatile liabilities
  • $122,299Insider loans
  • $81,460FHLB advances
  • $122,781Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,609Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,442Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,554Total interest income
  • $1,747Total interest expense
  • $3,807Net interest income
  • $325Provision for loan and lease losses
  • $388Total noninterest income
  • $0Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $2,706Total noninterest expense
  • $1,403Salaries and employee benefits
  • $269Premises and equipment expense
  • $1,034Additional noninterest expense
  • $1,164Pre-tax net operating income
  • $0Securities gains (losses)
  • $445Applicable income taxes
  • $719Income before extraordinary items
  • $0Extraordinary gains - net
  • $719Net income attributable to bank
  • $0Net charge-offs
  • $719Cash dividends
  • $359Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 7.75%Return on equity (ROE)
  • 6.13%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 90.53%Credit loss provision to net charge-offs
  • 4.15%Efficiency ratio
  • 64,505Assets per employee
  • 6.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.86%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 87.59%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 80.03%Net loans and leases to core deposits
  • 82.35%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.83%Tier 1 risk-based capital ratio
  • 11.80%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $123,240Average earning assets
  • $9,277Average equity
  • $117,501Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081654Minnwest Bank Sioux Falls5001 South Louise Avenue, Sioux Falls, SD 57108June 30, 2000Full Service Brick and Mortar
    1453938Sioux Falls Branch5324 East Arrowhead Parkway, Sioux Falls, SD 57110July 06, 2006Full Service Brick and Mortar

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