Bank Midwest is a bank based in Spirit Lake, Iowa, established in 1887, with $1.3 billion in total assets across 11 branches. By Trust Grade it ranks 81st of 226 banks we track in Iowa. Its capital ratio of 10.0% trails most similarly sized banks (43th percentile), versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 1.00% return on assets. No consumer complaints against Bank Midwest appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Bank Midwest compares to Iowa peers
How we graded Bank Midwest
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.0% capital ratio)
- Profitable (ROA 1.00%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Bank Midwest over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (11)
- 640 1st Ave, Westbrook, MN 56183
- 500 6th St, Armstrong, IA 50514
- 525 Center St, New Ulm, MN 56073
- 509 3rd St, Jackson, MN 56143
- 1800 Royal Ave, Spirit Lake, IA 51360
- 301 S State St, Fairmont, MN 56031
- 102 W 2nd St, Wall Lake, IA 51466
- 33 N Main St, Sherburn, MN 56171
- 225 S Minnesota Ave, Sioux Falls, SD 57104
- 245 9th St, Windom, MN 56101
- 1102 Sanborn Ave, Okoboji, IA 51355
Are deposits at Bank Midwest insured?
Yes. Bank Midwest is an FDIC-insured bank (FDIC certificate #5170). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Bank Midwest: frequently asked questions
Is Bank Midwest a good bank?
Bank Midwest earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.0% capital ratio); Profitable (ROA 1.00%).
Is Bank Midwest FDIC-insured?
Yes. Bank Midwest is a FDIC-insured bank (FDIC certificate #5170). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Bank Midwest?
Bank Midwest holds $1.3 billion in total assets, ranking 81st of 226 banks we track in Iowa. It operates 11 branches.
Does Bank Midwest have CFPB complaints?
No CFPB complaints against Bank Midwest appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
