MidWestOne Bank

Overview / Commentary
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 240th largest bank in the nation. It was established in 1934 and as of March of 2022, it had grown to 734 employees at 57 locations. MidWestOne Bank has an A health rating.

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. 


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 Grade Components

FDIC Certificate #14843
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD10.68%
Annual Interest Income$42.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$5.96B$5.73B
LoansQ1 2022vs Q1 2021$3.21B$3.37B
DepositsQ1 2022vs Q1 2021$5.11B$4.82B
Equity CapitalQ1 2022vs Q1 2021$572.8MM$596.8MM
Loan Loss AllowanceQ1 2022vs Q1 2021$46.2MM$50.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$27.8MM$40.4MM
Real Estate OwnedQ1 2022vs Q1 2021$883.00K$2.6MM

Rates for MidWestOne Bank are currently being reviewed.



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