Average User Rating:
5 star rating based on 1 review.

MidWestOne Bank

102 South Clinton Street
Iowa City, IA 52240
800-247-4418
www.midwestone.com

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MidWestOne Bank is headquartered in Iowa City and is the 4^th largest bank in the state of Iowa. It is also the 410^st largest bank in the nation. It was established in 1934 and as of September of 2011, it had grown to 361 employees at 27 locations. MidWestOne Bank has a 4-star health rating.

MidWestOne Bank Routing Number: 073901233

Great 37- And 47-Mo CD Rates At MidWestOne (Forum) - 11/24/2010

Bauer rating: 3 ½ -stars - Early withdrawal penalty on CDs over 12 mo: 6 mos of interest - 37 mo CD special w relationship bump: 2.48%rate, 2.5%APY, min $10K - 47 mo CD special w relationship bump: 2.97%rate, 3.0%APY

3.90% Reward Checking Account at an Iowa Bank (MidWestOne) - 1/29/2008

Update 7/18/09: The top yield has fallen to 3.90% APY. See bottom of post for the rate history.MidWestOne Bank has started a reward checking account called Power Checking that pays 3.90% APY for balances up to $25,000 (0.75% for above) and refunds ATM...

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

MidWestOne Bank Checking Account Rates

Apy	Min	Max	Product
2.35%	-	$25k	Power Checking
0.20%	$50k	-	Connections Club Checking
0.20%	$50k	-	Relationship Checking
0.20%	$50k	-	Business Interest Checking
0.20%	$50k	-	Non-Profit Checking

MidWestOne Bank Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Kids Club Savings
0.15%	-	-	Consumer Savings
0.15%	-	-	Business Savings

MidWestOne Bank Money Market Rates

Apy	Min	Max	Product
0.45%	$100k	-	Money Market Account
0.45%	$100k	-	Business Money Market
0.45%	$100k	-	Commercial Funds Management
0.35%	$100k	-	IRA Money Market

MidWestOne Bank CD Rates

Apy	Min	Max	Product
1.70%	$10k	-	60 Month CD
1.70%	$10k	-	Business 60 Month CD
1.60%	$10k	-	33 Month CD Special - Relationship Bump
1.55%	$10k	-	48 Month CD
1.55%	$10k	-	Business 48 Month CD
1.35%	$10k	-	33 Month CD Special
1.20%	$10k	-	36 Month CD
1.20%	$10k	-	Business 36 Month CD
1.10%	$10k	-	30 Month CD
1.10%	$10k	-	Business 30 Month CD
1.00%	$10k	-	24 Month Flex CD
1.00%	$10k	-	24 Month CD
1.00%	$10k	-	Business 24 Month CD
1.00%	$10k	-	Business 24 Month Flex CD
1.00%	$10k	-	13 Month CD Special - Relationship Bump
0.85%	$10k	-	18 Month Flex CD
0.85%	$10k	-	18 Month CD
0.85%	$10k	-	Business 18 Month CD
0.85%	$10k	-	Business 18 Month Flex CD
0.75%	$10k	-	13 Month CD Special
0.65%	$10k	-	12 Month Flex CD
0.65%	$10k	-	12 Month CD
0.65%	$10k	-	Business 12 Month CD
0.65%	$10k	-	Business 12 Month Flex CD
0.50%	$10k	-	9 Month CD
0.50%	$10k	-	Business 9 Month CD
0.40%	$10k	-	6 Month CD
0.40%	$10k	-	Business 6 Month CD
0.20%	$10k	-	2 Month CD
0.20%	$10k	-	3 Month CD
0.20%	$10k	-	Business 2 Month CD
0.20%	$10k	-	Business 3 Month CD
0.15%	$10k	-	1 Month CD
0.15%	$10k	-	Business 1 Month CD

Rates updated: 2/10/2012 * Not all products updated

Data for Q3 2011

Institution Statistics

MidWestOne Bank
FDIC Certificate #	14843
BankRate Report	View
Year Established	1934
Employees	361
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.61 billion
Loans	$982.96 million
Deposits	$1.27 billion
Equity Capital	$152.07 million
Loan Loss Allowance	$17.80 million
Unbacked Noncurrent Loans	$23.46 million
Real Estate Owned	$4.97 million
Historic Data - September 2010
Assets	$1.53 billion
Equity Capital	$151.88 million
Loan Loss Allowance	$16.99 million
Unbacked Noncurrent Loans	$32.59 million
Real Estate Owned	$4.74 million
Profit Margin - Quarterly
Net Interest Margin	3.71%
Return on Assets	0.97%
Return on Equity	9.99%
Interest Income	$56.04 million

Institution Health

Overall Score:

4 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 September 30, 2011 MidWestOne Bank had $28.43 million in non-current loans and owned real-estate with $169.87 million in equity and loan loss allowances on hand to cover it. This gives MidWestOne Bank a Texas Ratio of 16.74% which is average. 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 21.99% as of September 30, 2010 to 16.74% as of September 30, 2011, resulting in a positive change of 23.87%.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 $80.03 million, resulting in 6.73% 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 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. MidWestOne Bank has $1.61 billion in assets with $169.87 million in equity, resulting in a capitalization level of 10.52%, which is above average.

MidWestOne Bank
5 stars

- pearlbrown - Wednesday, November 24, 2010 - 9:39 PM

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.

MidWestOne Bank

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