This institution is no longer active

Operations ceased on August 19, 2017. CRA examination history below reflects the period it was active.

WELLS FEDERAL BANK

WELLS, MN · Supervised by FDIC

Est. 1934FDIC #29,141RSSD: FDIC-29141

Satisfactory

Current rating · Exam: June 2017

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Institution Profile

FDIC BankFind

Address

53 First Streeet, S.W., WELLS, MN

County

Faribault County

Established

September 1, 1934

Total Assets

$267M(latest call report)

Financial Snapshot

As of Q2 2017Call Report / FDIC

Total Assets

$267M

Total Deposits

$240M

Net Loans

$197M

Net Income

$1M

ROA

1.06%

ROE

10.86%

Risk-Based Capital

13.78%

Total Assets — Last 8 Quarters

Total AssetsROA

Current Examination

CRA / FFIEC

Overall Rating

Satisfactory

Exam Date

June 1, 2017

Exam Type

Small Bank

Regulator

FDIC

Rating History

CRA / FFIEC

1 previous rating locked — dating back to 2014

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Rating Over Time

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OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

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