Midwest Bank


Overview / Commentary
218-847-4771
613 Highway 10 East
Detroit Lakes, MN 56501

Midwest Bank is headquartered in Detroit Lakes and is the 33rd largest bank in the state of Minnesota. It is also the 1,439th largest bank in the nation. It was established in 1917 and as of September of 2019, it had grown to 89 employees at 7 locations. Midwest Bank's money market rates are 3X the national average, and it has an A health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
FDIC Certificate #9737
Year Established1917
Employees89
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.22%
Return on Equity - YTD23.52%
Annual Interest Income$19.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$508.8MM$455.2MM
LoansQ3 2019vs Q3 2018$460.7MM$408.8MM
DepositsQ3 2019vs Q3 2018$444.2MM$391.5MM
Equity CapitalQ3 2019vs Q3 2018$48.1MM$41.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.4MM$3.9MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.5MM$3.2MM
Real Estate OwnedQ3 2019vs Q3 2018$2.2MM$129.00K
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Midwest Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

Midwest Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%--Midwest IRA Savings
0.50%--Midwest HSA Checking
0.20%--Midwest Savings
0.20%--Midwest Young Savers

Midwest Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%*$1m*-Midwest Money Market Savings
OTHER TIERS: 0.30% Up to $10k | 0.70% $10k - $50k | 0.90% $50k - $100k | 1.10% $100k - $250k | 1.20% $250k - $500k | 1.30% $500k - $1m

Midwest Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%-$25kMidwest Rewards Checking
0.25%*$100k*-Midwest Interest Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k | 0.20% $50k - $100k
0.25%*$100k*$10mMidwest Commercial Checking with Interest
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k | 0.20% $50k - $100k
0.15%$500-Midwest Advantage Checking
0.15%$500-Midwest Advantage Plus Checking

Midwest Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$5k-54 Month CD Special
2.25%*$25k*-60 Month CD
OTHER TIERS: 2.10% $1k - $25k
2.15%*$25k*-48 Month CD
OTHER TIERS: 2.00% $1k - $25k
2.10%*$25k*-36 Month CD
OTHER TIERS: 1.95% $1k - $25k
2.01%*$25k*-24 Month CD
OTHER TIERS: 1.85% $1k - $25k
1.90%*$25k*-12 Month CD
OTHER TIERS: 1.75% $1k - $25k
1.90%$1k-30 Month CD
1.90%$5k-17 Month CD Special
1.80%$5k-30 Month CD Adjust a Rate
1.15%$1k-182 Day CD
0.90%$1k-91 Day CD

Midwest Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month IRA
2.00%$1k-48 Month IRA
1.95%$1k-36 Month IRA
1.85%$1k-24 Month IRA
1.75%$1k-12 Month IRA
Locations


Midwest Bank Locations
Parkers Prairie Branch105 East Soo StreetParkers Prairie, MN 56361
Dalton Branch108 West Main StreetDalton, MN 56324
Waubun Branch1211 First StreetWaubun, MN 56589
Detroit Lakes Wal-Mart Branch1583 Highway 10 WestDetroit Lakes, MN 56501
Barnesville Branch215 Front Street SouthBarnesville, MN 56514
Callaway Branch421 Main AvenueCallaway, MN 56521
Midwest Bank613 Highway 10 EastDetroit Lakes, MN 56501

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.