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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · Minnesota, the state note

Minnwest Bank

Redwood Falls, Minnesota · $2.94B in assets · beside the 11 other Minnesota banks between $1B and $3B

The filing

91.6%
Loans / deposits
11th of 12
11.5%
Equity / assets
3rd of 12
0.56%
NPA / loans
9th of 12

Minnwest Bank is the largest of the 12 Minnesota banks nearest its size between $1B and $3B, with $2.94B in assets at 30 June 2026. Loans are 91.6% of deposits, 11th of 12 against a median of 78.7%, and equity is 11.5% of assets, 3rd of 12. Loans grew +6.4% in the year, 4th of 12, and deposits fell 0.4%; the cohort's median loan growth is +4.6%.

Noncurrent loans are 0.56% of the book, 9th of 12 against a median of 0.43%; 0.79% is 30 to 89 days past due, and the allowance covers them 2.5 times. Net charge-offs are 0.19% of loans, 10th of 12. Commercial real estate is 37.3% of loans, 9th of 12 against a median of 34.2%, and 255% of capital, below the 300% screen, with construction at 46% against the 100% screen.

Return on assets is 1.16%, 8th of 12 against a median of 1.27%, on an efficiency ratio of 59.3%, 8th of 12. Five years ago it was 1.21%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsMN banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 78.7% FN First National Bank of Bemidji 65.0% TM Think Mutual Bank 65.2% DB Deerwood Bank 69.3% SB Security Bank & Trust Co. 72.1% NA North American Banking Co. 72.1% PS Park State Bank 74.9% MB Merchants Bank National Association 82.5% CA Citizens Alliance Bank 82.9% PB Premier Bank 85.3% FR First Resource Bank 88.4% MB Minnwest Bank 91.6% TC Tradition Capital Bank 107.3%
Loans, year over yearMN banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +4.6% FN First National Bank of Bemidji +27.5% FR First Resource Bank +27.5% PB Premier Bank +8.3% MB Minnwest Bank +6.4% TC Tradition Capital Bank +6.1% SB Security Bank & Trust Co. +5.1% CA Citizens Alliance Bank +4.0% PS Park State Bank +3.6% DB Deerwood Bank +3.2% NA North American Banking Co. +3.0% TM Think Mutual Bank -1.5% MB Merchants Bank National Association -1.5%

SBA 7(a), FY2008 to FY2026

Minnwest Bank is the 12th largest 7(a) lender into Minnesota of 444, with $192M across 360 loans, 1.9% of everything approved in the state (Old National Bank leads with $1.05B). 38 of its 57 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Minnesota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hennepin, MN$40M16th of 2281.4%-0.4 pts
Dakota, MN$27M7th of 1603.2%-3.9 pts
Stearns, MN$25M6th of 766.4%-2.5 pts
Minnehaha, SD$24M3rd of 7710.3%-5.3 pts
Olmsted, MN$15M4th of 6110.0%-30.7 pts
Scott, MN$11M6th of 964.7%-2.9 pts
Ramsey, MN$11M25th of 1391.1%+2.8 pts
Todd, MN$7M1st of 2422.3%quiet FY2019
Anoka, MN$5M29th of 1360.7%-0.8 pts
Rock, MN$5M1st of 1159.2%-66.1 pts
Washington, MN$5M20th of 1091.1%quiet FY2021
Stevens, MN$4M1st of 1032.1%quiet FY2021
Carver, MN$4M14th of 861.9%quiet FY2020
44 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing66$44M19.2%0.11%169th of 2,246
Retail trade62$31M13.6%0.05%247th of 2,589
Health care & social assistance28$20M8.7%0.04%254th of 2,172
Construction46$18M8.0%0.06%253rd of 2,063
Wholesale trade37$17M7.5%0.07%205th of 1,651
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and Minnwest Bank
ON Old National Bank 10.7% $1.05B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans MB Minnwest Bank 1.9% $192M · 360 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers; owner-occupied excluded; bold marks a screen met
Minnwest BankRankCohort median
Total CRE against capital, the 300% screen255%9th of 12208%
Construction against capital, the 100% screen46%8th of 1244%
Construction and land development, share of loans6.7%6th of 126.7%
Non-owner-occupied nonfarm nonresidential, share of loans12.1%3rd of 1215.0%
Total CRE, the guidance definition, share of loans37.3%9th of 1234.2%
CRE growth over 36 months, the third prong+7.9%5th of 12+22.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Minnwest Bank$2.94B1.2%59.3%0.56%0.19%1.4%91.6%11.5%
Merchants Bank National Association$2.88B1.2%63.5%0.53%0.06%1.3%82.5%11.9%
Tradition Capital Bank$2.72B0.9%53.8%0.01%0.09%1.2%107.3%8.4%
Think Mutual Bank$2.23B0.6%75.7%0.25%0.05%0.5%65.2%15.4%
Deerwood Bank$1.52B1.8%57.3%0.29%0.02%0.9%69.3%8.9%
Park State Bank$1.49B1.3%51.6%0.92%0.55%1.0%74.9%9.8%
North American Banking Co.$1.47B2.0%49.7%0.51%0.02%1.2%72.1%6.8%
Citizens Alliance Bank$1.44B0.2%68.6%1.48%0.00%1.1%82.9%9.9%
Security Bank & Trust Co.$1.33B2.0%50.9%0.34%0.07%1.0%72.1%9.4%
Premier Bank$1.18B2.0%39.6%0.00%-0.02%1.4%85.3%9.6%
First Resource Bank$1.08B0.8%64.5%0.09%0.59%1.1%88.4%9.3%
First National Bank of Bemidji$1.08B1.4%52.2%1.99%0.00%0.6%65.0%8.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Minnwest BankCohort median
20212026Change20212026Change
Loans$1.60B$2.35B+47%$678M$929M+37%
Deposits$2.02B$2.57B+27%$906M$1.21B+34%
NPA / loans1.32%0.56%-0.76 pts0.68%0.43%-0.25 pts
Efficiency55.8%59.3%+3.5 pts55.1%55.6%+0.4 pts
ROA1.21%1.16%-0.05 pts1.41%1.27%-0.14 pts

This read was prepared for Minnwest Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Minnwest Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MN banks $1B to $3B
Institution www.minnwestbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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