First Midwest Bank of Dexter
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Data as of · sourced from FFIEC call reports. How we update
First Midwest Bank of Dexter is an FDIC-insured commercial bank headquartered in Dexter, MO, established in 1964 (FDIC certificate 19001), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $652.0M, down 1.7% from Q2 2025, the 57th largest of 191 banks headquartered in Missouri. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.97% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 19001
- Headquarters
- Dexter, MO
- Established
- 1964
- Total assets, Q2 2026
- $652.0M
- Assets vs Q2 2025
- -1.7%
- Tier 1 leverage ratio, Q2 2026
- 10.97%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 081501175
- Latest call report
- Q2 2026, FFIEC 051 · First Midwest Bank of Dexter call report
- Holding company
- MIDWEST BANCORPORATION, INC.
- Asset rank in state
- 57th of 191 in Missouri
Problem loans are rising at First Midwest Bank of Dexter. The Dexter, Missouri bank had $652 million in assets at June 30, 2026, down 1.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.79% of loans from 0.16% a year earlier. It holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 2.58% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Net income for the quarter rose 23% from a year earlier, to $3.2 million. The commercial and industrial book ($100 million) is worsening: 1.37% of it is past due or on nonaccrual, up from 0.83% a year earlier.
As of June 30, 2026, First Midwest Bank of Dexter reported a return on assets of 1.94%, a nonperforming-loan ratio of 0.79% and a Texas ratio of 5.92%. The figures come from its call report filed with the FFIEC.
First Midwest Bank of Dexter ranks as the 57th largest of the 191 banks based in Missouri, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.7% to $652.0M, loans fell 0.6% and deposits fell 0.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 30.2% of total loans, ahead of non-owner-occupied commercial real estate loans at 21.1%. The FDIC Summary of Deposits lists 8 offices for it, in 6 cities in MO; its Dexter 2 offices book 44% of its branch deposits. On its Q2 2026 call report, First Midwest Bank of Dexter meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 819 West Business Highway 60, Dexter, MO 63841
- County
- Stoddard
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 15, 1964
- Former names
- First State Bank of Dexter (1977-1989)
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 95
- Domestic deposits
- $524.4M
- Allowance for credit losses
- $5.4M
- Net charge-offs (YTD)
- $29K
- Average total assets
- $659.6M
- Average total loans
- $562.3M
- Average interest-bearing deposits
- $445.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 15, 1964
- FDIC Cert
- 19001
- Fed RSSD
- 770853
- Parent Holding Company
- MIDWEST BANCORPORATION, INC. (RSSD 2575249)
- Ultimate Parent
- RSSD 2575230
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Midwest Bank of Dexter reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Midwest Bank of Dexter's total assets moved between a low of $508.6M (Q3 2023) and a high of $680.5M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$652.0M total assets against $663.6M; $582.2M total liabilities against $604.1M.
$559.5M net loans and leases against $547.3M; $524.4M total deposits against $521.6M.
$52.3M securities against $31.2M; $12.0M cash and balances due against $56.6M.
$10.3M total interest income against $10.2M; $3.8M total interest expense against $4.6M.
$6.5M net interest income against $5.6M.
$624K total noninterest income against $688K; $3.8M total noninterest expense against $3.6M.
$131K provision for credit losses against $122K.
$3.2M net income against $2.6M.
1.94% return on assets against 1.58%; 4.08% net interest margin against 3.56%.
10.97% tier 1 leverage ratio against 9.48%.
Inside the full First Midwest Bank of Dexter terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Midwest Bank of Dexter rankings
Its closest position to the top of a national ranking is 554 of 3,611, for ROA; its furthest is 1,441 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.03% (Q3 2024) to 1.94% (Q2 2026) and its net interest margin ran from 3.25% (Q3 2024) to 4.08% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.97% | 1.94% | 0.79% | 5.92% | 4.08% |
| Q1 2026 | 10.54% | 1.79% | 0.89% | 6.97% | 3.96% |
| Q4 2025 | 9.66% | 1.36% | 0.23% | 1.90% | 3.66% |
| Q3 2025 | 9.51% | 1.45% | 0.08% | 0.71% | 3.47% |
| Q2 2025 | 9.48% | 1.58% | 0.16% | 1.37% | 3.56% |
| Q1 2025 | 9.44% | 1.21% | 0.09% | 0.54% | 3.41% |
| Q4 2024 | 9.47% | 1.16% | 0.09% | 0.48% | 3.46% |
| Q3 2024 | 8.91% | 1.03% | 0.10% | 0.52% | 3.25% |
Swipe the table sideways to see every column.
Branch Network
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Midwest Bank of Dexter (main office) | Dexter , MO | 63841 | $228.6M |
| Sikeston North Branch | Sikeston , MO | 63801 | $119.6M |
| Jackson Branch | Jackson , MO | 63755 | $84.0M |
| Cape Girardeau Branch | Cape Girardeau , MO | 63701 | $55.2M |
| Springfield Branch | Springfield , MO | 65804 | $37.0M |
| Detached Branch | Dudley , MO | 63936 | $0 |
| Dexter Branch | Dexter , MO | 63841 | $0 |
| Sikeston South Branch | Sikeston , MO | 63801 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MO, rank 77 of 249 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 238 applications, 213 loans originated, $53.6M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.3M approved, $432K average. 33.33% of that year's loans have since been charged off
- Period: Federal fiscal year 2007 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Midwest Bank of Dexter
What are First Midwest Bank of Dexter's total assets?
As of the Q2 2026 filing, First Midwest Bank of Dexter reported total assets of $652.0 million in its FFIEC call report.
Where is First Midwest Bank of Dexter headquartered?
It is headquartered in Dexter, MO, United States.
When was First Midwest Bank of Dexter founded?
It was established in 1964, per the FDIC institution directory.
Is First Midwest Bank of Dexter FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #19001). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Midwest Bank of Dexter?
First Midwest Bank of Dexter's primary federal regulator is the FDIC.
How many branches does First Midwest Bank of Dexter operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Midwest Bank of Dexter's Texas Ratio?
Its Texas Ratio is 5.92% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First Midwest Bank of Dexter previously called?
The charter now named First Midwest Bank of Dexter has also operated as First State Bank of Dexter (1977-1989), per FDIC structure-change records.
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