BANK MIDWEST

SPIRIT LAKE, IA · Supervised by Federal Reserve (FRB)

Est. 1887FDIC #5,170RSSD: FRB-45551

Satisfactory Same

Current rating · Exam: May 2025

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.00%

Institution Profile

FDIC BankFind

Website

bankmidwest.com

Address

1800 Royal Ave, SPIRIT LAKE, IA

County

Dickinson County

Established

January 1, 1887

Total Assets

$1.3B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

May 19, 2025

Exam Type

Intermediate Small Bank

Regulator

Federal Reserve (FRB)

What is a CRA rating? →

Estimated next exam:May 2029(based on asset size)

Download Evaluation Report (PDF)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$1.3B

Total Deposits

$1.1B

Net Loans

$1.0B

Net Income

$3M

ROA

1.00%

Above avg for Community banks. Peer avg: 0.90%

ROE

10.23%

Risk-Based Capital

12.96%

Above avg for Community banks. Regulatory min: 8%

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA1.00%Peer avg: 0.90%▲ Above avg

Risk-Based Capital12.96%Peer avg: 12.91%▲ Above avg

Mortgage Denial Rate14.12%Peer avg: 9.91%▼ Below avg

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Branch Footprint

FDIC SOD 2025

Total Branches

Branch Deposits

$1.2B

1-Year Change

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2023	177	70.06%	14.12%
2022	341	76.54%	8.21%
2021	612	74.67%	7.03%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
May 2025	Satisfactory	Intermediate Small Bank
May 2023	Satisfactory	Intermediate Small Bank
Feb 2020	Satisfactory	Intermediate Small Bank

4 previous ratings locked — back to 2009

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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