Overview / Commentary
Bank Midwest is headquartered in Spirit Lake and is the 19th largest bank in the state of Iowa. It is also the 851st largest bank in the nation. It was established in 1887 and as of December of 2019, it had grown to 185 employees at 11 locations. Bank Midwest has an A health rating.
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Reviews (1)
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.
Health
A
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5170 |
| Year Established | 1887 |
| Employees | 185 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.11% |
| Return on Equity - YTD | 11.47% |
| Annual Interest Income | $43.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $948.8MM$927.0MM |
| Loans | Q4 2019vs Q4 2018 | $752.7MM$740.5MM |
| Deposits | Q4 2019vs Q4 2018 | $829.0MM$822.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $90.9MM$89.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $9.6MM$9.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $2.5MM$6.5MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |