Total Assets
$1.3B
Total Deposits
$1.1B
Branches
11
Established
1887
Bank Midwest is a bank headquartered in Spirit Lake, Iowa, established in 1887. It holds $1.3B in total assets across 11 branch locations. In our editorial opinion, based on public FDIC/NCUA data, Bank Midwest earns a TFS Financial Health Grade of B (78.3/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
78.3 / 100
Good financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| Bank MidwestHQ | 1800 Royal Ave | Spirit Lake | IA | 11 |
| Bank Midwest | 500 6th St | Armstrong | IA | 11 |
| Bank Midwest | 1102 Sanborn Ave | Okoboji | IA | 11 |
| Bank Midwest | 102 W 2nd St | Wall Lake | IA | 11 |
| Bank Midwest | 301 S State St | Fairmont | MN | 11 |
| Bank Midwest | 509 3rd St | Jackson | MN | 11 |
| Bank Midwest | 525 Center St | New Ulm | MN | 11 |
| Bank Midwest | 33 N Main St | Sherburn | MN | 11 |
| Bank Midwest | 640 1st Ave | Westbrook | MN | 11 |
| Bank Midwest | 245 9th St | Windom | MN | 11 |
| Bank Midwest | 225 S Minnesota Ave | Sioux Falls | SD | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
78.3
Tier 1 capital ratio
10.16%
Return on assets
1.01%
Non-performing loans
0.42%
Efficiency ratio
61.76%
Asset growth (YoY)
-0.99%
Suggested direct comparisons
Waterloo, IA
$8.9B
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.