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 2023
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 59052 |
| Year Established | 2010 |
| Employees | 1240 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.58% |
| Return on Equity - YTD | 14.31% |
| Annual Interest Income | $495.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $9.91B$9.52B |
| Loans | Q4 2023vs Q4 2022 | $7.62B$7.15B |
| Deposits | Q4 2023vs Q4 2022 | $8.3B$7.96B |
| Equity Capital | Q4 2023vs Q4 2022 | $1.13B$1.02B |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $97.9MM$89.6MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $26.8MM$13.5MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $4.1MM$3.7MM |
