Midwest Bank is a bank based in Detroit Lakes, Minnesota, established in 1917, with $915 million in total assets across 7 branches. By Trust Grade it ranks 75th of 224 banks we track in Minnesota. Its capital ratio of 10.1% trails most similarly sized banks (49th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 2.47% return on assets. No consumer complaints against Midwest Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Midwest Bank compares to Minnesota peers
How we graded Midwest Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.1% capital ratio)
- Strongly profitable (ROA 2.47%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Midwest Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 421 Main Avenue, Callaway, MN 56521
- 215 Front Street South, Barnesville, MN 56514
- 1211 1st St, Waubun, MN 56589
- 105 E Soo St, Parkers Prairie, MN 56361
- 1583 Highway 10 W, Detroit Lakes, MN 56501
- 108 W Main St, Dalton, MN 56324
- 613 Highway 10 E, Detroit Lakes, MN 56501
Are deposits at Midwest Bank insured?
Yes. Midwest Bank is an FDIC-insured bank (FDIC certificate #9737). 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.
Midwest Bank: frequently asked questions
Is Midwest Bank a good bank?
Midwest Bank 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 (10.1% capital ratio); Strongly profitable (ROA 2.47%).
Is Midwest Bank FDIC-insured?
Yes. Midwest Bank is a FDIC-insured bank (FDIC certificate #9737). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Midwest Bank?
Midwest Bank holds $915 million in total assets, ranking 75th of 224 banks we track in Minnesota. It operates 7 branches.
Does Midwest Bank have CFPB complaints?
No CFPB complaints against Midwest Bank 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.
