Local is better
I love using Bank Midwest! My tellers know me personally, they call me by name, and provide services that I wouldn't get elsewhere. I'm handicapped, so when it is necessary to go into the bank itself they offer assistance to make sure I get there. I'm not charged for checking, I make bare usage of their products, but they always ask if I need anything else. I wouldn't change from Bank Midwest.
Was not happy with this bank.
I have banked here for years and when I needed them to give me time to figure things out they were not willing. I had an account open for my sons child support and it had not had a deposit in savings or checking in a while. They emailed me one morning stating that I needed to call them so I did. They informed me that they were going to close my accounts within hours and that I needed to come in and make a deposit for both to keep it open. If you receive child support you know how hard it can be to switch things. Anyway I told them I lived to far away and asked if they could give me more time. The answer was no. So I let them close my accounts. I have everything figured out with child support but I figured they would have given me more time. I was not happy with the way they handled things. I will never bank there again.
Data as of Q4 2020
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 59052 |
| Year Established | 2010 |
| Employees | 1201 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 13.67% |
| Annual Interest Income | $218.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $6.66B$5.89B |
| Loans | Q4 2020vs Q4 2019 | $4.54B$4.49B |
| Deposits | Q4 2020vs Q4 2019 | $5.78B$4.86B |
| Equity Capital | Q4 2020vs Q4 2019 | $725.0MM$654.5MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $59.8MM$39.1MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $15.8MM$18.9MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $4.7MM$7.3MM |
