Minnwest Bank South in Tracy, Minnesota (MN)



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Minnwest Bank South routing number info

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Minnwest Bank South
GeneralFDIC Certificate #: 1410
Status: Active
Federal Reserve ID: 772558
Bank Holding Company (Regulatory Top Holder): Minnwest Corporation (RSSDID: 1141348, Location: Minnetonka, MN)
Date Established: January 01, 1905
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 #: 12715
FDIC's unique #: 932
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
LocationAddress: 250 Third Street, Tracy, MN 56175
County: Lyon
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
Core Based Statistical Area (CBSA): Marshall, MN (#32140)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $232.5 mil
Equity capital: $20.0 mil
Deposits held in domestic offices: $198.5 mil
Return on assets (ROA): -0.15% (-$0.3 mil)
Quarterly return on assets: -0.02% (-$0.0 mil)
Return on Equity (ROE): -1.81% (-$0.4 mil)
Quarterly return on equity: -0.28% (-$0.1 mil)
Net income: -$0.3 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: -0.31% (-$720.8 mil)
Quarterly Pretax return on assets: -0.11% (-$255.8 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)
Total employees (full-time equivalent)38
Total assets$232,513
Cash and due from depository institutions$62,961
Interest-bearing balances$53,439
Securities$33,033
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$123,471
Loan loss allowance $1,995
Trading account assets$0
Bank premises and fixed assets$770
Other real estate owned$7,965
Goodwill and other intangibles$564
All other assets$3,749
Life insurance assets$232,513
Total liabilities and capital$212,559
Total liabilities$198,464
Total deposits$163,640
Interest-bearing deposits$198,464
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,015
Other borrowed funds $0
Subordinated debt $1,080
All other liabilities $19,954
Total equity capital$19,954
Total bank equity capital$19,954
Perpetual preferred stock$0
Common stock$500
Surplus$17,501
Undivided profits $1,953
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,667
Earning assets $0
Long-term assets (5+ years) $1,577
Average Assets, year-to-date $209,943
Average Assets, quarterly $16,828
Volatile liabilities $226,167
Insider loans $224,431
FHLB advances $139,711
Loans and leases held for sale $225,287
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $18,244
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $55,765
Derivatives$524
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,845
Total interest expense $2,568
Net interest income $5,277
Provision for loan and lease losses $300
Total noninterest income -$356
Fiduciary activities $0
Service charges on deposit accounts $454
Trading account gains & fees $0
Additional noninterest income -$810
Total noninterest expense $5,330
Salaries and employee benefits $2,207
Premises and equipment expense $320
Additional noninterest expense $2,803
Pre-tax net operating income -$709
Securities gains (losses) $0
Applicable income taxes -$378
Income before extraordinary items -$331
Extraordinary gains - net $0
Net income attributable to bank -$331
Net charge-offs $0
Cash dividends -$331
Sale, conversion, retirement of capital stock, net $818
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.80%
Cost of funding earning assets 1.24%
Net interest margin 2.56%
Noninterest income to earning assets -0.17%
Noninterest expense to earning assets 2.58%
Net operating income to assets -0.15%
Return on assets (ROA) -0.15%
Pretax return on assets -0.31%
Return on equity (ROE) -1.81%
Retained earnings to average equity (YTD only) -1.81%
Net charge-offs to loans 0.66%
Credit loss provision to net charge-offs 36.67%
Efficiency ratio-0.50%
Assets per employee$108,311
Cash dividends to net income (YTD only)6.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 54.40%
Noncurrent loans to loans 5.00%
Net loans and leases to deposits2.92%
Net loans and leases to core deposits 62.21%
Equity capital to assets 64.83%
Core capital (leverage) ratio 8.58%
Tier 1 risk-based capital ratio 8.10%
Total risk-based capital ratio 13.06%
Memoranda
Average assets$14
Average earning assets$226,167
Average equity $18,281
Average loans $206,372
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0932Minnwest Bank South250 Third Street, Tracy, MN 56175January 01, 1905Full Service Brick and Mortar
25655Minnwest Bank South Branch2565 King Avenue, Slayton, MN 56172Febuary 02, 1930Full Service Brick and Mortar
33470Lake Wilson BranchBroadway And Minnesota Avenue, Lake Wilson, MN 56151January 31, 1919Full Service Brick and Mortar
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