Bank Midwest

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REVIEWS

Great Rewards Checking

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	Reward Checking	Great Rewards Checking 1.75% - National Average
0.30%	Reward Savings	Onederful Savings 0.76% - National Average
1.60%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD

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Overview / Commentary

bankmidwest.com

712-336-0505

1525 18th Street
Spirit Lake, IA 51360

Bank Midwest is headquartered in Spirit Lake and is the 20^th largest bank in the state of Iowa. It is also the 928^th largest bank in the nation. It was established in 1887 and as of June of 2016, it had grown to 209 employees at 12 locations. Bank Midwest has an A+ health rating.

Good Local Banking Option

Posted by: Bobert2016 | Apr 26, 2016

I bank at Bank Midwest because it is a local bank in our town. Their customer service is second to none - they always know your name and are eager to help! There is a certain sense of small town values that come with banking locally.

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1

Health

A+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	5170
Year Established	1887
Employees	209
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.42%
Return on Equity - YTD	12.89%
Annual Interest Income	$16.7MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$789.0MM$723.7MM
Loans	Q2 2016vs Q2 2015	$658.3MM$597.3MM
Deposits	Q2 2016vs Q2 2015	$686.9MM$607.2MM
Equity Capital	Q2 2016vs Q2 2015	$86.3MM$80.6MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$7.8MM$6.8MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$3.7MM$3.9MM
Real Estate Owned	Q2 2016vs Q2 2015	$51.00K$0

Rates

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Savings
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank Midwest Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	-	-	Onederful Savings
0.25%^*	$25k^*	$100k	Variable Rate IRA Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k
0.25%^*	$25k^*	$100k	Variable Rate Roth IRA Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $25k
0.20%	$100	-	Statement Savings
0.05%	-	-	Health Savings Account

Bank Midwest Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$20k	Great Rewards Checking
OTHER TIERS: 0.20% → $20k+
0.20%^*	$500k^*	-	Business Interest Checking
OTHER TIERS: 0.10% → $25k - $100k \| 0.13% → $100k - $250k \| 0.16% → $250k - $500k

Bank Midwest CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%^*	$250k^*	-	60 Month CD
OTHER TIERS: 1.50% → Up to $250k
1.35%^*	$250k^*	-	48 Month CD
OTHER TIERS: 1.25% → Up to $250k
1.20%^*	$250k^*	-	36 Month CD
OTHER TIERS: 1.10% → Up to $250k
1.15%^*	$250k^*	-	30 Month CD
OTHER TIERS: 1.05% → Up to $250k
1.10%^*	$250k^*	-	24 Month CD
OTHER TIERS: 1.00% → Up to $250k
0.60%^*	$250k^*	-	18 Month CD
OTHER TIERS: 0.50% → Up to $250k
0.30%^*	$250k^*	-	12 Month CD
OTHER TIERS: 0.20% → Up to $250k
0.25%^*	$250k^*	-	182 Day CD
OTHER TIERS: 0.15% → Up to $250k
0.20%^*	$250k^*	-	91 Day CD
OTHER TIERS: 0.10% → Up to $250k

Bank Midwest IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%^*	$250k^*	-	60 Month IRA
OTHER TIERS: 1.50% → Up to $250k
1.35%^*	$250k^*	-	48 Month IRA
OTHER TIERS: 1.25% → Up to $250k
1.20%^*	$250k^*	-	36 Month IRA
OTHER TIERS: 1.10% → Up to $250k
1.15%^*	$250k^*	-	30 Month IRA
OTHER TIERS: 1.05% → Up to $250k
1.10%^*	$250k^*	-	24 Month IRA
OTHER TIERS: 1.00% → Up to $250k
0.60%^*	$250k^*	-	18 Month IRA
OTHER TIERS: 0.50% → Up to $250k
0.30%^*	$250k^*	-	12 Month IRA
OTHER TIERS: 0.20% → Up to $250k
0.25%^*	$250k^*	-	182 Day IRA
OTHER TIERS: 0.15% → Up to $250k
0.20%^*	$250k^*	-	91 Day IRA
OTHER TIERS: 0.10% → Up to $250k

Locations

Bank Midwest Locations
Wall Lake Branch	102 West Second Street	Wall Lake, IA 51466
Okoboji Branch	1102 Sanborn Avenue	Okoboji, IA 51355
Bank Midwest	1525 18th Street	Spirit Lake, IA 51360
Armstrong Branch	500 6th Street	Armstrong, IA 50514
Fairmont Branch	301 South State St	Fairmont, MN 56031
Windom Branch	245 Ninth Street	Windom, MN 56101
New Ulm Branch	26 South Broadway	New Ulm, MN 56073
Sherburn Branch	33 North Main Street	Sherburn, MN 56171
Jackson Branch	509 Third Street	Jackson, MN 56143
Westbrook Branch	640 First Avenue	Westbrook, MN 56183