Midwest Bank (Detroit Lakes, MN)
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Data as of · sourced from FFIEC call reports. How we update
Midwest Bank is an FDIC-insured commercial bank headquartered in Detroit Lakes, MN, established in 1917 (FDIC certificate 9737), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $984.5M, up 17.3% from Q2 2025, the 19th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.84% 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
- 9737
- Headquarters
- Detroit Lakes, MN
- Established
- 1917
- Total assets, Q2 2026
- $984.5M
- Assets vs Q2 2025
- +17.3%
- Tier 1 leverage ratio, Q2 2026
- 9.84%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 091213673
- Holding company
- MIDWEST BANK GROUP, INC.
- Asset rank in state
- 19th of 221 in Minnesota
Midwest Bank is one of the more profitable banks of its size. It reported $985 million in assets at June 30, 2026, up 17.3% from a year earlier. It earns about $2.58 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 40 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $6.1 million, 44% above the same quarter a year earlier. Over the same year, loans grew 19.7% and deposits grew 11.0%. Concentration is the risk to watch: it holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Midwest Bank reported a return on assets of 2.58%, a nonperforming-loan ratio of 0.05% and a Texas ratio of 0.40%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Midwest Bank is the 19th largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets rose 7.5% to $984.5M, loans rose 8.0% and deposits rose 3.4%. 1-4 family residential loans made up 20.3% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 19.6%. Its 7 offices in the FDIC Summary of Deposits are in 6 cities in MN; its Detroit Lakes 2 offices book 58% of its branch deposits. By the capital ratios in its Q2 2026 call report, Midwest Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 613 Highway 10 E, Detroit Lakes, MN 56501
- County
- Becker
- Metro Area
- Detroit Lakes, MN
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- June 1, 1917
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 104
- Domestic deposits
- $788.5M
- Allowance for credit losses
- $8.1M
- Net charge-offs (YTD)
- $9K
- Average total assets
- $950.7M
- Average total loans
- $858.2M
- Average interest-bearing deposits
- $643.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9737
- Fed RSSD
- 806958
- Website
- www.midwestbank.net →
- Parent Holding Company
- MIDWEST BANK GROUP, INC. (RSSD 1125580)
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, Midwest Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Midwest Bank's total assets ran between $713.4M (Q3 2023) and $984.5M (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
$984.5M total assets against $839.4M; $891.1M total liabilities against $756.3M.
$882.3M net loans and leases against $737.4M; $788.5M total deposits against $710.1M.
$54.0M securities against $59.7M; $17.4M cash and balances due against $17.7M.
$15.5M total interest income against $13.1M; $5.5M total interest expense against $4.9M.
$10.0M net interest income against $8.2M.
$1.1M total noninterest income against $565K; $4.5M total noninterest expense against $4.2M.
$500K provision for credit losses against $250K.
$6.1M net income against $4.3M.
2.58% return on assets against 2.10%; 4.35% net interest margin against 4.15%.
9.84% tier 1 leverage ratio against 10.26%.
Inside the full Midwest Bank 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.
Midwest Bank rankings
Its closest position to the top of a national ranking is 146 of 3,611, for ROA; its furthest is 3,017 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 2.04% (Q1 2025) to 2.58% (Q2 2026) and its net interest margin ran from 3.91% (Q1 2025) to 4.43% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.84% | 2.58% | 0.05% | 0.40% | 4.35% |
| Q1 2026 | 10.36% | 2.50% | 0.05% | 0.41% | 4.22% |
| Q4 2025 | 10.25% | 2.25% | 0.02% | 0.19% | 4.43% |
| Q3 2025 | 10.35% | 2.39% | 0.01% | 0.19% | 4.42% |
| Q2 2025 | 10.26% | 2.10% | 0.02% | 0.21% | 4.15% |
| Q1 2025 | 10.57% | 2.04% | 0.02% | 0.13% | 3.91% |
| Q4 2024 | 10.32% | 2.26% | 0.01% | 0.10% | 4.01% |
| Q3 2024 | 10.23% | 2.47% | 0.00% | 0.02% | 4.01% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Midwest Bank (main office) | Detroit Lakes , MN | 56501 | $436.9M |
| Barnesville Branch | Barnesville , MN | 56514 | $118.5M |
| Waubun Branch | Waubun , MN | 56589 | $83.8M |
| Parkers Prairie Branch | Parkers Prairie , MN | 56361 | $69.2M |
| Dalton Branch | Dalton , MN | 56324 | $39.8M |
| Callaway Branch | Callaway , MN | 56521 | $23.4M |
| Detroit Lakes Wal-Mart Branch | Detroit Lakes , MN | 56501 | $17.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 13, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 11, 2006 | Structure Change | Acquired Midwest Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 33 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 187 applications, 166 loans originated, $62.6M originated, across 11 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $184K approved, $92K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Midwest Bank
What are Midwest Bank's total assets?
As of the Q2 2026 filing, Midwest Bank reported total assets of $984.5 million in its FFIEC call report.
Where is Midwest Bank headquartered?
It is headquartered in Detroit Lakes, MN, United States.
When was Midwest Bank founded?
It was established in 1917, per the FDIC institution directory.
Is Midwest Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9737). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Midwest Bank?
Midwest Bank's primary federal regulator is the FDIC.
How many branches does Midwest Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Midwest Bank's Texas Ratio?
Its Texas Ratio is 0.40% 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.
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