Bank Midwest

Overview / Commentary
1525 18th Street
Spirit Lake, IA 51360

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

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 Grade Components

FDIC Certificate #5170
Year Established1887
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.47%
Annual Interest Income$43.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$948.8MM$927.0MM
LoansQ4 2019vs Q4 2018$752.7MM$740.5MM
DepositsQ4 2019vs Q4 2018$829.0MM$822.9MM
Equity CapitalQ4 2019vs Q4 2018$90.9MM$89.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$9.6MM$9.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.5MM$6.5MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0

Rates for Bank Midwest are currently being reviewed.


Cities: Armstrong, Fairmont, Jackson, New Ulm, Okoboji, Sherburn, Spirit Lake, Wall Lake, Westbrook, Windom

Armstrong Branches
Armstrong Branch500 6th StreetArmstrong, IA 50514

Fairmont Branches
Fairmont Branch301 South State StFairmont, MN 56031

Jackson Branches
Jackson Branch509 Third StreetJackson, MN 56143

New Ulm Branches
New Ulm Branch525 Center StNew Ulm, MN 56073

Okoboji Branches
Okoboji Branch1102 Sanborn AvenueOkoboji, IA 51355

Sherburn Branches
Sherburn Branch33 North Main StreetSherburn, MN 56171

Spirit Lake Branches
Bank Midwest1525 18th StreetSpirit Lake, IA 51360

Wall Lake Branches
Wall Lake Branch102 West Second StreetWall Lake, IA 51466

Westbrook Branches
Westbrook Branch640 First AvenueWestbrook, MN 56183

Windom Branches
Windom Branch245 Ninth StreetWindom, MN 56101

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