MidWestOne Bank


Overview / Commentary
319-356-5800
102 South Clinton Street
Iowa City, IA 52240

MidWestOne Bank is headquartered in Iowa City and is the 2nd largest bank in the state of Iowa. It is also the 245th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 771 employees at 58 locations. MidWestOne Bank has an A health rating.

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Reviews (2)

MidWestOne Bank

I do business with this bank and was very pleased with my experience in establishing my account via phone and US mail.  The personal banker I worked with was very accommodating. 

Disappointed!

Posted by: |

MidWestOne's online access for business falls very short in several areas:
No ability to access even the web version via mobile device, let alone a mobile app. Compatibility issues with anything other than Internet Explorer 6.  Currently, most people use Internet Explorer 9 or 10.  Also no compatibility with Chrome. Inability to view much historic transactions other than in an electronic statement.  MidWestOne only allows businesses to export transactions to Excel or a 3rd party such as Quicken for the most recent month.  This isn't very conducive for the need to review the fiscal year of transactions. Unwillingness to work with business customers to find alternatives around shortfalls. Needless to say, MidWestOne falls short with their business online access, making managing a business hard with MidWestOne.



Health

Health Grade Components

Overall
FDIC Certificate #14843
Year Established1934
Employees771
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD10%
Annual Interest Income$183.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$4.65B$3.28B
LoansQ4 2019vs Q4 2018$3.43B$2.37B
DepositsQ4 2019vs Q4 2018$3.74B$2.62B
Equity CapitalQ4 2019vs Q4 2018$575.5MM$371.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$29.1MM$29.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$38.5MM$20.2MM
Real Estate OwnedQ4 2019vs Q4 2018$4.3MM$485.00K
Rates

Rates for MidWestOne Bank are currently being reviewed.

Locations

Availability



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