Bank Midwest

1525 18th Street
Spirit Lake, IA 51360
888.902.5662
www.bankmidwest.com

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Bank Midwest is headquartered in Spirit Lake and is the 18^st largest bank in the state of Iowa. It is also the 981^st largest bank in the nation. It was established in 1887 and as of March of 2012, it had grown to 182 employees at 10 locations. Bank Midwest has a 5-star health rating.

2.25% 12-Month & 1.90% 9-Month CD at Bank Midwest in MO & KS - 10/29/2009

Bank Midwest is offering two competitive CD rates: a 1.90% APY 9-month CD and a 2.25% APY 12-month CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 10/29/09.You might notice how similar Bank Midwest's website is compared...

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See Rates for: Checking | Savings | Money Market | CD

Bank Midwest Checking Account Rates

Apy	Min	Max	Product
0.30%	$250k	-	Personal Performance Investment Account
0.03%	$50	-	Interest Checking
0.03%	$100	-	Small Business Checking

Bank Midwest Savings Account Rates

Apy	Min	Max	Product
0.50%	$25k	-	Variable Rate IRA Savings
0.50%	$25k	-	Variable Rate Roth IRA Savings
0.20%	$10k	-	Premium Savings
0.10%	$100	-	Statement Savings
0.10%	-	-	Health Savings Account

Bank Midwest Money Market Rates

	Apy	Min	Max	Product
	0.30%	$250k	-	Business Performance Money Market

Bank Midwest CD Rates

Apy	Min	Max	Product
1.30%	$250k	-	60 Month CD
1.15%	$250k	-	48 Month CD
1.00%	$250k	-	36 Month CD
0.90%	$250k	-	30 Month CD
0.80%	$250k	-	24 Month CD
0.60%	$250k	-	18 Month CD
0.50%	$250k	-	12 Month CD
0.40%	$250k	-	182 Day CD
0.30%	$250k	-	91 Day CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Bank Midwest
FDIC Certificate #	5170
BankRate Report	View
Year Established	1887
Employees	182
Primary Regulator	FED
Assets and Liabilities
Assets	$671.62 million
Loans	$421.69 million
Deposits	$579.62 million
Equity Capital	$66.91 million
Loan Loss Allowance	$5.80 million
Unbacked Noncurrent Loans	$1.91 million
Real Estate Owned	$82,000
Historic Data - March 2011
Assets	$645.75 million
Equity Capital	$59.68 million
Loan Loss Allowance	$5.20 million
Unbacked Noncurrent Loans	$1.81 million
Real Estate Owned	$78,000
Profit Margin - Quarterly
Net Interest Margin	4.01%
Return on Assets	1.09%
Return on Equity	11%
Interest Income	$7.25 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Bank Midwest had $1.99 million in non-current loans and owned real-estate with $72.72 million in equity and loan loss allowances on hand to cover it. This gives Bank Midwest a Texas Ratio of 2.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bank Midwest held steady from 2.92% as of March 31, 2011 to 2.74% as of March 31, 2012, resulting in a positive change of 6.11%.This indicates that the balance sheet and financial strength for Bank Midwest has held steady in recent periods.
Deposit Growth
In the past year, Bank Midwest has increased its total deposits by $47.05 million, resulting in 8.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank Midwest has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank Midwest has $671.62 million in assets with $72.72 million in equity, resulting in a capitalization level of 10.83%, which is above average.