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Bank Midwest
Spirit Lake, IA · FDIC Certificate #5170 · Chartered 01/0
Total assets
$1.35B
Total deposits
$1.15B
Total equity
$132.99M
Net loans
$1.04B
Branches (offices)
11
Net income (YTD)
$6.74M
Rank: #822 of 4,213 U.S. banks by assets · #21 of 225 in Iowa. Assets changed -1.0% and deposits -0.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.01% |
| Return on equity | 10.28% |
| Net interest margin (YTD) | 3.99% |
| Equity to assets | 9.88% |
| Tier 1 leverage ratio | 10.16% |
| Uninsured deposits (share of deposits) | 8.6% |
| Noncurrent loans (share of loans) | 0.42% |
| Net charge-offs (share of loans) | 0.25% |
| Loans to deposits | 90.1% |
| Real estate loans (share of loans) | 59.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $613.25M | 59.2% | |
| Commercial & industrial | $282.12M | 27.2% | |
| Consumer / individual | $31.49M | 3.0% | |
| Construction & development | $75.46M | 7.3% | |
| Agricultural | $107.20M | 10.3% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.20B | $1.04B | $6.71M | $91.09M |
| Jun 2023 | $1.31B | $1.06B | $5.49M | $101.06M |
| Jun 2024 | $1.35B | $1.14B | $4.73M | $111.51M |
| Jun 2025 | $1.36B | $1.16B | $5.01M | $120.12M |
| Jun 2026 | $1.35B | $1.15B | $6.74M | $132.99M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $661.79M | 6 |
| Iowa | $427.60M | 4 |
| South Dakota | $60.39M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.15B.
Similar-sized banks
Townbridge Bank ($1.35B) · Studio Bank ($1.34B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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