Midwest Bank, National Association
Parkers Prairie, MN — Domestic Branch of a Domestic Bank
Acquired Feb 2006
Vitals
-
Total Assets97.2M 10.0 %
-
Total Deposits82.3M 15.0 %
-
Total Net Loans88.2M 11.6 %
-
Net Income932000.0000 6.6 %
-
Book Value8.8M 11.5 %
-
Book Value x217.6M 11.5 %
-
Book Value x326.4M 11.5 %
Balance Sheet Highlights
Financial Highlights | Midwest Bank, National Association | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 97,156 | 89,436 |
Total Net Loans | 88,219 | 64,109 |
Total Deposits | 82,262 | 74,724 |
Total Equity | 8,798 | 8,767 |
Profitability | ||
Net Income | 932 | 2,511 |
Return on Average Assets | .994 | 1.523 |
Return on Average Equity | 11.189 | 15.46 |
Net Interest Margin | 4.512 | 4.535 |
Efficiency Ratio | 57.444 | 63.714 |
Noninterest Income/Revenue | 6.843 | 10.259 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 107.242 | 82.459 |
Securities/Assets | .023 | .312 |
Total Equity/Total Assets | .091 | .098 |
Tangible Equity/Tangible Assets | .086 | .02 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 8,350 | 8,530 |
Tier 2 Capital | 1,113 | 762 |
Total Capital | 9,463 | 9,283 |
Total Risk Weighted Assets | 90,822 | 69,056 |
Leverage Ratio | 8.77 | 9.949 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.19 | 13.344 |
Total Capital Ratio | 10.42 | 14.436 |
Timeline for Midwest Bank, National Association
Midwest Bank
Midwest Bank, National Association was acquired by Midwest Bank 18 years
View Profile Feb 11 2006First State Bank Of Dalton
Acquisition: Midwest Bank, National Association acquired a new subsidiary, First State Bank Of Dalton, 31 years
View Profile Aug 22 1992Midwest Bank Group, Inc.
Midwest Bank Group, Inc. became a new parent organization for Midwest Bank, National Association.
View Profile Oct 01 1980Midwest Bank, National Association
Midwest Bank, National Association was established 121 years ago and is currently headquartered in Parkers Prairie, MN.
May 03 1903Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Midwest Bank | Buyer | 375,594 | Pooling of Interests | Discontinued | 2/11/2006 |
First State Bank Of Dalton | Seller | 12,002 | Discontinued | 8/22/1992 |
Relationships | Role | Relationship Start | Relationship End |
Midwest Bank Group, Inc. | Parent | 12/31/1984 | 2/10/2006 |
Midwest Bank Group, Inc. | Parent | 12/31/1983 | 12/30/1984 |
Midwest Bank Group, Inc. | Parent | 12/31/1982 | 12/30/1983 |
Midwest Bank Group, Inc. | Parent | 10/1/1980 | 12/30/1982 |
Similar Organizations
Organization | City | State | Total Assets |
---|---|---|---|
First National Bank In Pratt
|
Pratt | KS | 97.1M |
The Morris County National Bank Of Naples
|
Naples | TX | 96.8M |
Titan Bank, N.A.
|
Mineral Wells | TX | 96.5M |
The Citizens National Bank Of Quitman
|
Quitman | GA | 95.2M |
Citizens National Bank
|
Crockett | TX | 94.0M |
The Fayette County National Bank Of Fayetteville
|
Fayetteville | WV | 94.0M |
The First National Bank Of Ely
|
Ely | NV | 93.6M |
The First National Bank Of Louisburg
|
Louisburg | KS | 101.1M |
Chester National Bank
|
Chester | IL | 97.5M |
Kennett National Bank
|
Kennett | MO | 97.7M |