Vitals
  • Total Assets
    387.1M 4.8 %
  • Total Deposits
    346.9M 5.9 %
  • Total Net Loans
    328.1M 7.6 %
  • Net Income
    8.0M 4.9 %
  • Book Value
    35.9M 3.6 %
  • Book Value x2
    71.7M 3.6 %
  • Book Value x3
    107.6M 3.6 %
ROAA

2.153

ROAE

22.899

Efficiency Ratio

50.046

Net Interest Margin

4.004

Balance Sheet Highlights
Financial Highlights Midwest Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 387,051 147,703
Total Net Loans 328,086 97,223
Total Deposits 346,892 126,600
Total Equity 35,854 15,565
Profitability
Net Income 8,017 1,683
Return on Average Assets 2.153 1.08
Return on Average Equity 22.899 9.905
Net Interest Margin 4.004 3.845
Efficiency Ratio 50.046 68.21
Noninterest Income/Revenue 10.848 13.68
Balance Sheet Ratios
Loan-to-Deposit 94.579 75.205
Securities/Assets .065 .174
Total Equity/Total Assets .093 .105
Tangible Equity/Tangible Assets .092 .103
Capital Adequacy
Tier 1 Common Capital 35,767 15,225
Tier 1 Capital 35,767 15,232
Tier 2 Capital 2,935 1,135
Total Capital 38,702 16,386
Total Risk Weighted Assets 326,314 105,251
Leverage Ratio 9.29 10.475
Common Equity Tier 1 Capital Ratio 10.96 15.3
Tier 1 Capital Ratio 10.96 15.308
Total Capital Ratio 11.86 16.398

Timeline for Midwest Bank

Midwest Bank, National Association

Acquisition: Midwest Bank acquired a new subsidiary, Midwest Bank, National Association, 18 years

View Profile Feb 11 2006

Midwest Bank Group, Inc.

Midwest Bank Group, Inc. became a new parent organization for Midwest Bank.

View Profile Dec 31 1996

Waubun Bancshares, Inc.

Waubun Bancshares, Inc. became a new parent organization for Midwest Bank.

View Profile Dec 10 1980

Midwest Bank

Midwest Bank was established 106 years ago and is currently headquartered in Detroit Lakes, MN.

Jun 01 1917
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Midwest Bank, National Association Seller 97,156 Pooling of Interests Discontinued 2/11/2006
Relationships Role Relationship Start Relationship End
Midwest Bank Group, Inc. Parent 12/31/1996
Waubun Bancshares, Inc. Parent 4/12/1996 12/30/1996
Waubun Bancshares, Inc. Parent 1/5/1996 4/11/1996
Waubun Bancshares, Inc. Parent 12/31/1984 1/4/1996
Waubun Bancshares, Inc. Parent 12/31/1981 12/30/1984
Waubun Bancshares, Inc. Parent 12/10/1980 12/30/1981
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