|
 |
|
|
 Midwest Bank
Midwest Bank
| RSSD ID 806958 | CERTIFICATE 9737 | ABA NUMBER 91213673 |
| 613 Highway 10 E |
Quarter Ended : |
2025-03-31 |
| Detroit Lakes, Minnesota, 56501 |
Updated : |
2025-04-28 |
| midwestbank.net |
|
| Institution Profile |
| Year Opened : |
1917 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
7 |
Number of Employees : |
97 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 801,370 |
|
Total Interest Income | 12,402 |
| Total Liabilities | 717,745 |
|
Total NonInterest Income | 549 |
| Total Bank Equity Capital | 83,625 |
|
Total Interest Expense | 4,817 |
| Total Deposits | 692,353 |
|
Total NonInterest Expense | 3,947 |
| Net Loans & Leases | 698,724 |
|
Net Income | 4,073 |
| Loan Loss Allowance | 5,966 |
|
Net Charge Offs | 14 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 90,272 |
|
Total loans | 692,397 |
| Total assets for the leverage ratio | 797,335 |
|
Loans secured by real estate: | 494,487 |
| Tier 1 Leverage Ratio | 10.57 |
|
Commercial and industrial loans | 138,512 |
| Tier 1 Capital Ratio | 11.82 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.65 |
|
Loans to individuals - Other | 9,458 |
|
|
|
|
:· Midwest Bank
