Bank Midwest
Spirit Lake, IA — State Member Bank
Active
Vitals
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Total Assets818.1M 7.4 %
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Total Deposits722.3M 9.8 %
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Total Net Loans684.1M 7.6 %
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Net Income10.3M -2.3 %
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Book Value82.3M -1.4 %
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Book Value x2164.5M -1.4 %
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Book Value x3246.8M -1.4 %
Balance Sheet Highlights
Financial Highlights | Bank Midwest | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 818,053 | 198,346 |
Total Net Loans | 684,061 | 133,864 |
Total Deposits | 722,320 | 165,124 |
Total Equity | 82,254 | 22,060 |
Profitability | ||
Net Income | 10,280 | 2,310 |
Return on Average Assets | 1.306 | 1.15 |
Return on Average Equity | 12.126 | 9.92 |
Net Interest Margin | 4.264 | 3.587 |
Efficiency Ratio | 69.764 | 60.34 |
Noninterest Income/Revenue | 22.037 | 13.494 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 94.703 | 77.091 |
Securities/Assets | .072 | .197 |
Total Equity/Total Assets | .101 | .111 |
Tangible Equity/Tangible Assets | .091 | .107 |
Capital Adequacy | ||
Tier 1 Common Capital | 75,019 | 21,135 |
Tier 1 Capital | 75,019 | 21,140 |
Tier 2 Capital | 8,026 | 1,625 |
Total Capital | 83,045 | 22,777 |
Total Risk Weighted Assets | 723,410 | 151,308 |
Leverage Ratio | 9.29 | 10.944 |
Common Equity Tier 1 Capital Ratio | 10.37 | 15.631 |
Tier 1 Capital Ratio | 10.37 | 15.631 |
Total Capital Ratio | 11.48 | 16.675 |
Timeline for Bank Midwest
Farmers State Bank Of Sherburn
Acquisition: Bank Midwest acquired a new subsidiary, Farmers State Bank Of Sherburn, 12 years
View Profile Jun 03 2011Bank Midwest Of Cottonwood County
Acquisition: Bank Midwest acquired a new subsidiary, Bank Midwest Of Cottonwood County, 23 years
View Profile Oct 09 2000Bank Midwest, Minnesota Iowa, National Association
Acquisition: Bank Midwest acquired a new subsidiary, Bank Midwest, Minnesota Iowa, National Association, 26 years
View Profile Jun 01 1997Goodenow Bancorporation
Goodenow Bancorporation became a new parent organization for Bank Midwest.
View Profile Aug 01 1996Jackson Bancorporation
Jackson Bancorporation became a new parent organization for Bank Midwest.
View Profile Jan 02 1991Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Farmers State Bank Of Sherburn | Seller | 29,565 | Acquisition | Discontinued | 6/3/2011 |
Bank Midwest Of Cottonwood County | Seller | 76,172 | Pooling of Interests | Discontinued | 10/9/2000 |
Bank Midwest, Minnesota Iowa, National Association | Seller | 85,315 | Pooling of Interests | Discontinued | 6/1/1997 |
Jackson Office | Seller | Discontinued | 1/1/1991 |
Relationships | Role | Relationship Start | Relationship End |
Goodenow Bancorporation | Parent | 8/1/1996 | |
Jackson Bancorporation | Parent | 1/2/1991 | 7/31/1996 |
Fairmont Bancorporation, Inc. | Parent | 12/31/1980 | 12/31/1990 |
Fairmont Bancorporation, Inc. | Parent | 5/24/1979 | 12/30/1980 |
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