Overview / Commentary
MidWestOne Bank is headquartered in IOWA CITY and is the 3rd 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 2025, it had grown to 758 employees at 59 locations. MidWestOne Bank has an A health rating.
Reviews (1)
Bad Service
Insanely difficult to close your account; you have to send them a letter as if it were 1924, not 2024. Half the customer service representatives you speak with have no idea what they are doing, and the bank's fraud detection is miserable. The majority of online purchases, even from large reputable stores, are flagged as fraudulent, and you are unable to use your money. There are much more reliable banks; put your money somewhere else!
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 14843 |
| Year Established | 1934 |
| Employees | 758 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 10.45% |
| Annual Interest Income | $74.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $6.25B$6.74B |
| Loans | Q1 2025vs Q1 2024 | $4.26B$4.36B |
| Deposits | Q1 2025vs Q1 2024 | $5.49B$5.59B |
| Equity Capital | Q1 2025vs Q1 2024 | $676.1MM$649.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $53.9MM$55.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $15.5MM$27.1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $3.2MM$3.9MM |
