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Midwest Bank, Financial Information

AboutMidwest Bank

 Address:
613 Highway 10 East
Detroit Lakes,MN
Becker County,Minnesota
 Established:
Jun 1917
 Number of domestic offices:
7
Total assets$608M
Net income$8M
Net income,quarterly$3M
Total deposits$544M
Domestic deposits$544M
Equity capital$54M
ROA1.49%
ROAQ,quarterly2.26%
ROA,pretax2.26%
ROAQ,quarterly,pretax2.26%
ROE16.34%
ROEQ,quarterly25.8%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Midwest Bank is a rapidly-growing, locally-owned, independent bank with offices located in West Central Minnesota. Midwest Bank have developed the financial and technological resources to meet the needs of its small and large customers alike.

Barnesville
215 Front Street South
PO Box 737
Barnesville, MN 56514-0737
Phone(218) 354-2704Fax(218) 354-2713

Dalton
108 West Main
PO Box 278
Dalton, MN 56324-0278
Phone(218) 589-8701Fax(218) 589-8703

Detroit Lakes
613 Hwy 10 East
PO Box 703
Detroit Lakes, MN 56502-0703
Phone(218) 847-4771Fax(218) 847-4812

Parkers Prairie
105 East Soo Street
PO Box 40
Parkers Prairie, MN 56361-0040
Phone(218) 338-6054Fax(218) 338-5070

Historical Data