Midwest Bank
Detroit Lakes, MN
IDRSSD: 806958
Total Assets
$846.68M
Latest filing
Total Deposits
$723.90M
Latest filing
Net Interest Margin
4.40%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Midwest Bank
613 Highway 10 E
Detroit Lakes, MN 56501
Full Service - Brick and Mortar
Updated 11/14/2025Established 06/01/1917FDIC Certificate 6227
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Midwest Bank (Main) | 613 Highway 10 E | Detroit Lakes, MN |
| CALLAWAY BRANCH | 421 Main Avenue | Callaway, MN |
| BARNESVILLE BRANCH | 215 Front Street South | Barnesville, MN |
| WAUBUN BRANCH | 1211 1st St | Waubun, MN |
| PARKERS PRAIRIE BRANCH | 105 E Soo St | Parkers Prairie, MN |
| DETROIT LAKES WAL-MART BRANCH | 1583 Highway 10 W | Detroit Lakes, MN |
| DALTON BRANCH | 108 W Main St | Dalton, MN |
Showing 6 of 6
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 06/01/1917 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56501 |
| State and County Number | 27005 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 98 |
| Domestic Offices | 7 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | midwestbank.net |
| Data Updated | 11/14/2025 |
| CERT | 9737 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $846.68M |
| Total Deposits | $723.90M |
| Total Liabilities | $760.49M |
| Total Equity Capital | $86.19M |
| Net Income | $4.98M |
| Net Loans and Leases | $753.86M |
| Assets Per Employee ($Millions) | $8.22M |
| Bank Premises and Fixed Assets | $5.28M |
| Cash and Balances due from Depository Institutions | $15.32M |
| Deposits Held in Domestic Offices | $723.90M |
Key Performance Ratios
| Return on Assets (ROA) | 2.36% |
| Return on Equity (ROE) | 23.54% |
| Net Interest Margin | 4.4% |
| Efficiency Ratio | 45.28% |
| Tier 1 Risk-Based Capital Ratio | 11.187% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.14% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.18% |
| Earning Assets to total Assets | 96.66% |
Income and Expense
| Total Interest Income | $13.84M |
| Total Noninterest Income | $695.00k |
| Total Interest Expense | $4.88M |
| Total Noninterest Expense | $4.38M |
| Net Interest Income | $8.97M |
| Pre-tax Net Operating Income | $4.99M |
| Provision for Credit Losses | $300.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $64.00k |
| Other borrowed funds | $20.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $10.03M |
| All Other Liabilities | $6.57M |
| Total Liabilities and Capital | $846.68M |
Securities
| Securities | $53.84M |
| Available-for-sale debt securities | $51.94M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Midwest Bank?
$846.68M as of the latest filing.
How much are Midwest Bank's total deposits?
$723.90M in total deposits.
Where is Midwest Bank located?
Detroit Lakes, MN.
What is the Net Interest Margin?
4.40%.
How many domestic offices does it operate?
7.
When was it established?
06/01/1917.
What is the Return on Assets (ROA)?
2.36%.
How much are total loans and leases?
$753.86M (latest filing).
What is the total interest income (latest filing)?
$13.84M.