Featured Savings Rates
Featured Accounts

Midwest Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.51%Reward CheckingMidwest Rewards Checking
1.60%5-year CD60 Month CD
0.70%1-year CD12 Month CD

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

Midwest Bank is headquartered in Detroit Lakes and is the 34th largest bank in the state of Minnesota. It is also the 1,734th largest bank in the nation. It was established in 1917 and as of June of 2017, it had grown to 82 employees at 7 locations. Midwest Bank's money market rates are 14% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #9737
Year Established1917
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.06%
Return on Equity - YTD22.16%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$398.8MM$372.8MM
LoansQ2 2017vs Q2 2016$348.4MM$316.5MM
DepositsQ2 2017vs Q2 2016$339.6MM$330.9MM
Equity CapitalQ2 2017vs Q2 2016$36.4MM$35.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.0MM$3.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.5MM$366.00K
Real Estate OwnedQ2 2017vs Q2 2016$167.00K$433.00K
Rates
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* 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
1.00%--Midwest IRA Savings
1.00%--Midwest Roth IRA Savings
1.00%--Midwest Coverdell Education Savings Account
0.35%--Midwest HSA Checking
0.10%--Midwest Savings
0.10%--Midwest Young Savers

Midwest Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*$1mMidwest Money Market Savings
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.30% $50k - $100k | 0.40% $100k - $500k

Midwest Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*-$25kMidwest Rewards Checking
OTHER TIERS: 0.20% $25k+
0.20%*$100k*-Midwest Interest Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*$10mMidwest Commercial Checking with Interest
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.10%$500-Midwest Advantage Checking
0.10%$500-Midwest Advantage Plus Checking

Midwest Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$5k-54 Month CD Special
1.75%$25k-60 Month CD
1.60%$1k-60 Month CD
1.60%$25k-48 Month CD
1.45%$1k-48 Month CD
1.25%$25k-36 Month CD
1.15%$1k-36 Month CD
1.15%$5k-17 Month CD Special
1.05%$25k-24 Month CD
1.00%$1k-30 Month CD
0.90%$1k-24 Month CD
0.90%$5k-30 Month CD Adjust a Rate
0.85%$25k-12 Month CD
0.70%$1k-12 Month CD
0.40%$1k-182 Day CD
0.25%$1k-91 Day CD

Midwest Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$1k-60 Month IRA
1.45%$1k-48 Month IRA
1.15%$1k-36 Month IRA
0.90%$1k-24 Month IRA
0.70%$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