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102 South Clinton Street
Iowa City, IA 52240

MidWestOne Bank is headquartered in Iowa City and is the 5th largest bank in the state of Iowa. It is also the 405th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 363 employees at 26 locations. MidWestOne Bank has a A health rating.

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Reviews (2)


MidWestOne's online access for business falls very short in several areas:
No ability to access even the web version via mobile device, let alone a mobile app. Compatibility issues with anything other than Internet Explorer 6.  Currently, most people use Internet Explorer 9 or 10.  Also no compatibility with Chrome. Inability to view much historic transactions other than in an electronic statement.  MidWestOne only allows businesses to export transactions to Excel or a 3rd party such as Quicken for the most recent month.  This isn't very conducive for the need to review the fiscal year of transactions. Unwillingness to work with business customers to find alternatives around shortfalls. Needless to say, MidWestOne falls short with their business online access, making managing a business hard with MidWestOne.

MidWestOne Bank

I do business with this bank and was very pleased with my experience in establishing my account via phone and US mail.  The personal banker I worked with was very accommodating. 


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 MidWestOne Bank had $11.29 million in non-current loans and owned real-estate with $196.71 million in equity and loan loss allowances on hand to cover it. This gives MidWestOne Bank a Texas Ratio of 5.74% 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 MidWestOne Bank decreased slightly from 6.66% as of March 31, 2013 to 5.74% as of March 31, 2014, resulting in a positive change of 13.74%.This indicates that the balance sheet and financial strength for MidWestOne Bank has improved slightly in recent periods.

Deposit Growth


In the past year, MidWestOne Bank has increased its total deposits by $2.16 million, resulting in 0.16% 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 MidWestOne Bank has shown is above average.



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. MidWestOne Bank has $1.73 billion in assets with $196.71 million in equity, resulting in a capitalization level of 11.34%, which is excellent.

Institution Statistics

FDIC Certificate #14843
Year Established1934
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.73 billion
Loans$1.08 billion
Deposits$1.39 billion
Equity Capital$178.15 million
Loan Loss Allowance$18.56 million
Unbacked Noncurrent Loans$8.12 million
Real Estate Owned$3.17 million
Historic Data - March 2013
Assets$1.77 billion
Equity Capital$170.51 million
Loan Loss Allowance$18.39 million
Unbacked Noncurrent Loans$8.12 million
Real Estate Owned$3.79 million
Profit Margin - Quarterly
Net Interest Margin3.36%
Return on Assets1.21%
Return on Equity11.89%
Interest Income$15.93 million

Always verify rates and promotions with the bank or credit union. We are not MidWestOne Bank, we are a rate comparison website and can not provide official rates or promotions.

MidWestOne Bank Savings Account Rates

0.10%--Kids Club Savings
0.10%--Consumer Savings
0.10%--Business Savings

MidWestOne Bank Money Market Rates

0.20%$100k-Money Market Account
0.20%$100k-IRA Money Market
0.20%$100k-Business Money Market
0.20%$100k-Commercial Funds Management

MidWestOne Bank Checking Account Rates

1.50%--Power Checking - Non Qualifying
0.15%$50k-Connections Club Checking
0.15%$50k-Relationship Checking
0.15%$50k-Business Interest Checking
0.15%$50k-Non-Profit Checking
0.15%$50k-Health Savings Account
0.10%-$25kPower Checking - Qualifying

MidWestOne Bank CD Rates

2.00%$25k-Business 27 Month Relationship Bump CD Special
1.99%$25k-27 Month Relationship Bump CD Special
1.25%$1k-27 Month CD Special
1.25%$1k-Business 27 Month CD Special
1.00%$10k-60 Month CD
1.00%$10k-Business 60 Month CD
0.80%$10k-48 Month CD
0.80%$10k-Business 48 Month CD
0.75%$10k-36 Month CD
0.75%$10k-Business 36 Month CD
0.75%$25k-45 Day Relationship Bump CD Special
0.75%$25k-Business 45 Day Relationship Bump CD Special
0.55%$10k-30 Month CD
0.55%$10k-Business 30 Month CD
0.50%$10k-24 Month Flex CD
0.50%$10k-24 Month CD
0.50%$10k-Business 24 Month CD
0.50%$10k-Business 24 Month Flex CD
0.45%$25k-18 Month Flex CD
0.40%$10k-18 Month CD
0.40%$10k-Business 18 Month CD
0.40%$10k-Business 18 Month Flex CD
0.40%$1k-45 Day CD Special
0.40%$1k-Business 45 Day CD Special
0.30%$10k-12 Month Flex CD
0.30%$10k-12 Month CD
0.30%$10k-Business 12 Month CD
0.30%$10k-Business 12 Month Flex CD
0.25%$10k-9 Month CD
0.25%$10k-Business 9 Month CD
0.20%$10k-6 Month CD
0.20%$10k-Business 6 Month CD
0.15%$10k-3 Month CD
0.15%$10k-Business 3 Month CD
0.10%$10k-1 Month CD
0.10%$10k-2 Month CD
0.10%$10k-Business 1 Month CD
0.10%$10k-Business 2 Month CD

MidWestOne Bank has 26 locations. Click to view all MidWestOne Bank locations.