Bank Midwest
Spirit Lake, Iowa · FDIC Cert #5170
Bank Midwest is an FDIC-insured bank (Certificate #5170) with $1.3B in total assets and $1.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Spirit Lake, Iowa, the bank maintains a Tier 1 capital ratio of 10.62% (Well-Capitalized) and a nonperforming loan ratio of 0.57%. BankHealthData assigns a composite Health Grade of B (65/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Bank Midwest (FDIC cert 5170) is a mid-sized bank with $1.3B in total assets and $1.1B in deposits, based in Spirit Lake, Iowa. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 10.62% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.57% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 14.8% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is solid: ROA of 0.90% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Bank Midwest carries a composite BankHealth grade of B (65/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Bank Midwest
- Total Assets
- $1.3B
- Total Deposits
- $1.1B
- Tier 1 Capital Ratio
- 10.62%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.57%
- Liquidity Ratio
- 14.78%
- Return on Assets
- 0.90%
- Headquarters
- Spirit Lake, Iowa
- FDIC Certificate
- #5170
- Health Grade
- B (65/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Bank Midwest holds a Tier 1 capital ratio of 10.62%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Bank Midwest has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Bank Midwest shows strong financial health indicators. With $1.3B in assets and a Health Score of 65/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Bank Midwest Compares
Bank Midwest’s Health Score of 65 is 3 points below the Iowa state average of 68 across 162 FDIC-insured banks. Its 10.62% Tier 1 capital ratio is 3.4 points below the US banking industry average near 14%. The 0.57% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.90% is below the national ROA benchmark of ~1.1%. Among 829 similarly-sized banks, the average Health Score is 71, meaning this bank ranks below its size cohort. Site-wide, Bank Midwest is 5 points below the portfolio average of 70.
Frequently Asked Questions
Bank Midwest has a Bank Health Score of B (65/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 10.62%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Bank Midwest's Tier 1 capital ratio of 10.62% and nonperforming loan ratio of 0.57% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Bank Midwest is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #5170). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Bank Midwest holds $1.3B in total assets and $1.1B in total deposits. It is headquartered in Spirit Lake, Iowa (FDIC Certificate #5170).
Bank Midwest has a Tier 1 capital ratio of 10.62%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.57%, and the return on assets is 0.90%.
Yes. Bank Midwest is FDIC-insured (Certificate #5170). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Bank Midwest's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.