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Midwest Bank
Detroit Lakes, MN · FDIC Certificate #9737 · Chartered 06/0
Total assets
$984.52M
Total deposits
$788.50M
Total equity
$93.40M
Net loans
$882.31M
Branches (offices)
7
Net income (YTD)
$11.71M
Rank: #1,058 of 4,213 U.S. banks by assets · #19 of 221 in Minnesota. Assets changed 17.3% and deposits 11.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.52% |
| Return on equity | 25.59% |
| Net interest margin (YTD) | 4.26% |
| Equity to assets | 9.49% |
| Tier 1 leverage ratio | 9.84% |
| Uninsured deposits (share of deposits) | 26.6% |
| Noncurrent loans (share of loans) | 0.05% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 111.9% |
| Real estate loans (share of loans) | 68.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $602.74M | 68.3% | |
| Commercial & industrial | $174.73M | 19.8% | |
| Consumer / individual | $12.23M | 1.4% | |
| Construction & development | $110.02M | 12.5% | |
| Agricultural | $63.67M | 7.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $680.93M | $617.98M | $7.58M | $59.57M |
| Jun 2023 | $696.03M | $604.30M | $8.53M | $64.26M |
| Jun 2024 | $771.03M | $624.59M | $8.47M | $74.86M |
| Jun 2025 | $839.37M | $710.13M | $8.34M | $83.07M |
| Jun 2026 | $984.52M | $788.50M | $11.71M | $93.40M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $788.50M | 7 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $788.50M.
Similar-sized banks
Haven Savings Bank ($986.88M) · Coastal Heritage Bank ($983.64M)
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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