# MINNWEST BANK
REDWOOD FALLS, MN · FDIC certificate 16958 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.94B | |
| Deposits | $2.57B | |
| Loans and leases | $2.35B | |
| Total equity | $338.2M | |
| Loans / deposits | 90.29% (p61 of band) | 87.10% |
| Liquid assets / assets | 15.29% (p24 of band) | |
| Uninsured deposits / deposits | 26.40% (p34 of band) | 30.76% |
| Brokered deposits | 7.26% | |
| Wholesale funding | 7.62% (p56 of band) | |
| FHLB advances / assets | 0.28% | |
| Tier 1 leverage | 10.80% (p56 of band) | 10.50% |
| Unrealized securities loss / equity | -4.59% (p66 of band) | -7.75% |
| AOCI / equity | -0.54% (p33 of band) | |
| ROA (annualized) | 1.14% (p41 of band) | 1.26% |
| Net interest margin | 4.23% (p79 of band) | 3.70% |
| Efficiency ratio | 59.02% (p50 of band) | |
| Noncurrent loans | 0.56% (p53 of band) | 0.51% |
| Net charge-offs (annualized) | 0.15% (p82 of band) | |
| Reserve coverage of noncurrent | 250.79% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 46.33% (p48 of band) | |
| Auto loans | $4.0M (0.17% of loans; DQ 0.23%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -0.4% | |
| Employees | 380 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 1 | uninsured deposits leaving | capital falling |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 | uninsured deposits leaving | loans exceed deposits, liquid assets <10% |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 3 | loans exceed deposits |  |
| 2015-03 | 2 |  | loans exceed deposits |
| 2015-06 | 0 |  | uninsured deposits leaving, capital falling |
| 2015-09 | 1 | uninsured deposits leaving |  |
| 2015-12 | 2 | loans exceed deposits |  |
| 2016-03 | 1 |  | loans exceed deposits |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | uninsured deposits leaving |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 3 | brokered >10%, uninsured deposits leaving |  |
| 2018-03 | 1 |  | capital falling, brokered >10% |
| 2018-06 | 3 | brokered >10%, wholesale funding >15% |  |
| 2018-09 | 2 |  | wholesale funding >15% |
| 2018-12 | 1 |  | uninsured deposits leaving |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | wholesale funding >15% |  |
| 2019-09 | 1 |  | wholesale funding >15% |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | brokered >10% |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | uninsured deposits leaving |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 | capital falling | uninsured deposits leaving |
| 2023-06 | 2 | brokered >10%, wholesale funding >15% | capital falling |
| 2023-09 | 3 | construction >100% equity |  |
| 2023-12 | 2 |  | construction >100% equity |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 | assets shrinking | wholesale funding >15% |
| 2025-09 | 2 | deposits shrinking | brokered >10% |
| 2025-12 | 1 |  | assets shrinking |
| 2026-03 | 1 |  |  |
| 2026-06 | 0 |  | deposits shrinking |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-06-05 [Minnwest Bank deepens roots in Spring Valley, opens combined facility - Fillmore County Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxNTDJBdExXM0kzUWlGRm5aOW5ySnBqbFRYMV9yc1AtM3Rwd3RiWTNIVXpodi05eFlGVFVKZEJJTUVUYVl3Q3o2aTBkdVdyWTI1NWJ2dVNZbjlPdldoMGoyakV1S1ZBekhNRXJCNVZwYWN1SGhmTEpKemxTNldmejNsbWxwSERZZE91ZmxZb1pld3pTajRyNGJ3cGV6b2daN2w2bXJXaFl3?oc=5) · Fillmore County Journal
- 2024-01-23 [Minnwest Bank grand opening in Rochester happening Tuesday - kttc.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPbmFxT0JlVTJEWHhoWEhWZnlZWUdvNUVJMkZ5R3lTV0NtYUF1aFR1VDctZS14dnhTMnp2Nm02Y1hmR3dVcFlYWnJhMm1ucVpubVNWUW9OekJFNWE1ZlJtdHZobUJqU0F0M3IwNnNfQjZCUmROd01OQ1FvNV81aWJtWnEtN1ZtcTA1MnQtWkVxTUlrS0tLQ0VUMEtR?oc=5) · kttc.com
- 2023-06-01 [Minnwest to deposit new northwest office along Rochester's West Circle Drive - postbulletin.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxQYVlwLXhhTjA2WVRyQ2tzMUlNS0tNSVM0SzRBR0d6RlR2MDcxRnBXbEhiNU9LX1M5UnFWdXg5Qm9sd29NRVc1VTlLLWxXeHdnaFp2SDdiY2RmZkdVRDB3dVlYdVNmT1BycHNwSDk3VHhxTS1IaW1keERoZThrVXc5a2lyTldDUjFOQ3NSLVFFNHgyTWlZSGhmMGpQOUxRX2pDTGhtZy1BRFk5ZFJlVHA0aUZNcw?oc=5) · postbulletin.com
- 2018-06-02 [Security State Bank of Lewiston to merge with Minnwest Bank - The Fayetteville Observer](https://news.google.com/rss/articles/CBMimgFBVV95cUxQb2NSQ0ItUlAzYmZWN2xQTVY3ZzFoRXgyUDV2QzIwblR1QjQzZ1RwWG1jODNuY2ZILVBJbDV6R1I4dWhpSzNxS3hPNU1GOUd1TWxaYjY5Nk80Njk0VTlacGU4cDl5dUVfM05lWXJycUE3ZXdJWjMzNEh5Yko4WjRhcnFVV3lqclFtdWY0UkhXQW5VMWJRTGoyNkV3?oc=5) · The Fayetteville Observer
- 2026-03-16 [Ribbon Cutting Ceremony at Harmony Hill: Minnwest Bank Expands Its Commitment to Local Communities - Northeast Radio SD](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQc2FabUk4VlBXLW1WdDBmYW5UR19KcUE4WU5vbkhJTEx3Tjc2dUg5VVFjeG5Pb1RkR245NWxvckMzMURoWnRDN2Z3U2MzdFBYdVlrWTZTajQ0Qi1aRy1ybmpybzBIZUxvRThZZDdGTzdDU00wTFVTZDJFeXhsdlhhQktoTXR0RlJqcnN0cU03cXZYanBRdHZORDRsMG9mMlE3RWoyaHoxTkFkb1JKZHlrLWx2Y0hJOG10RkdpWkhITzliV24xaVpYUnczLXZsdkY3?oc=5) · Northeast Radio SD
- 2025-06-09 [Minnwest, Federal Home Loan banks award $138,000 to Luverne, Slayton nonprofits - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMirwFBVV95cUxQbkgxdVhXSjhXbmhlb2ZUR0p1ZVVYTmw4S2t2d2xDX25CVVJvUFVUdHZyZVEzb1RpYXUtZllLb3RvTjhpbDM1ajRzOGVqalJvLVZTVlEzUXduOGlxb1FNZTdQZkxxYjQyeWdFTmRiOUpuMDliN1hocFNhSHNYaEtfVURGQ1VJTTdsSVM3ZlFkcHhsQlNpWkR2SDZUR203enlRNWlxeFNyRURrMXhLd3Jr?oc=5) · The Globe | Worthington, Minnesota
- 2024-06-15 [Minnwest Bank and Roundbank Announce Merger - My KLGR](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPVU5WRDFBSVhRcnhHSS1PRkgwRU1zRk5PQzAtRmRSS010X2VPSTk5QWRYNVpGdlFMR2xoY0ZlVHh4R0RjOGhBQ2VzZWJ4TlhPQVBDWW5qUGRkOU1iRDlJSmZLZW92T0FhVUEyR2Frd2hPU2ZYTHdqZGtfbWNJX0xJV2FzRmpxT0oxeEpIUnpLTXJNY3NaRmhvUEUzdE5Yenc4V3BOWF9pZWRoSWJSaHM0Rmh4Vm1WM0lIel90QmNlTDkyNHJITFU1WQ?oc=5) · My KLGR
- 2020-03-04 [Helgeson promoted to branch president of Minnwest Bank in Montevideo - West Central Tribune](https://news.google.com/rss/articles/CBMiogFBVV95cUxNS21BcVp4c2E2UlZweGdiMWFVTDVaSTBHWlpXY0pwLWJVOFhSc05yeTgwTjYzblBsRkh4UF9oTXZnTlEtLWFsZ3hfYlFfd0RhTHN1d1N0X2NmX21BNlZFSWFSZDVGWXlOdVBrNEkxS1pHVDFPT3h6TUN2ZGtlaF81VmhBMlBkZi1DUnpjdC0xNHlSdkpmb1ZJVXcybkRBUU5SdUE?oc=5) · West Central Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16958 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/62.json (key "16958", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide