Midwest Heritage Bank, FSB
BankRegReports is independent of Midwest Heritage Bank, FSB and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Midwest Heritage Bank, FSB is an FDIC-insured savings institution headquartered in West Des Moines, IA, established in 1930 (FDIC certificate 4432), and it is supervised by the OCC. At Q2 2026 it reported total assets of $768.3M, up 56.3% from Q2 2025, the 36th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 14.55% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 4432
- Headquarters
- West Des Moines, IA
- Established
- 1930
- Total assets, Q2 2026
- $768.3M
- Assets vs Q2 2025
- +56.3%
- CET1 ratio, Q2 2026
- 14.55%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 073902436
- Latest call report
- Q2 2026, FFIEC 041 · Midwest Heritage Bank, FSB call report
- Holding company
- NBT, INC.
- Asset rank in state
- 36th of 225 in Iowa
Problem loans are rising at Midwest Heritage Bank, FSB. Its balance sheet stood at $768 million at June 30, 2026, up 56.3% from a year earlier; it is based in West Des Moines, Iowa. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.71% of loans from 0.11% a year earlier. It earns about $2.43 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 grew its loan book 42.0% over the year, 7.7 times the median of 5.5% for banks its size.
Earnings jumped: net income for the quarter was $4.0 million, 74% above the same quarter a year earlier. Credit is the area to watch: it carries problem assets equal to 10.4% of the capital and reserves that would absorb them, 3.9 times the median of 2.6% for banks its size.
As of June 30, 2026, Midwest Heritage Bank, FSB reported a CET1 capital ratio of 14.55%, a return on assets of 2.43%, a nonperforming-loan ratio of 1.78% and a Texas ratio of 10.38%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Midwest Heritage Bank, FSB is the 36th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets rose 56.8% to $768.3M, loans rose 37.7% and deposits rose 62.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 31.0% of total loans, ahead of farmland and other real estate loans at 21.9%. Its 13 offices in the FDIC Summary of Deposits are in 12 cities across 2 states; its West Des Moines 2 offices book 30% of its branch deposits. By the capital ratios in its Q2 2026 call report, Midwest Heritage Bank, FSB meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3580 Ep True Pkwy, West Des Moines, IA 50265
- County
- Polk
- Metro Area
- Des Moines-West Des Moines, IA
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 041
- Established
- April 1, 1930
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 164
- Domestic deposits
- $649.6M
- Allowance for credit losses
- $8.0M
- Net charge-offs (YTD)
- $31K
- Average total assets
- $650.3M
- Average total loans
- $487.2M
- Average interest-bearing deposits
- $467.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 9, 1995
- FDIC Cert
- 4432
- Fed RSSD
- 203043
- Website
- www.midwestheritage.com →
- Parent Holding Company
- NBT, INC. (RSSD 5880065)
- Ultimate Parent
- HY-VEE, INC. (RSSD 1200852)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Midwest Heritage Bank, FSB's total assets moved between a low of $437.5M (Q3 2023) and a high of $768.3M (Q2 2026) 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
$768.3M total assets against $491.5M; $675.4M total liabilities against $427.4M.
$521.9M net loans and leases against $369.3M; $649.6M total deposits against $362.3M.
$130.7M securities against $40.5M; $65.1M cash and balances due against $22.5M.
$9.2M total interest income against $6.6M; $2.7M total interest expense against $2.3M.
$6.6M net interest income against $4.3M.
$6.6M total noninterest income against $5.0M; $7.8M total noninterest expense against $6.2M.
$150K provision for credit losses against $96K.
$4.0M net income against $2.3M.
2.43% return on assets against 1.84%; 4.05% net interest margin against 3.81%.
14.55% CET1 capital ratio against 16.95%; 12.82% tier 1 leverage ratio against 13.27%.
Inside the full Midwest Heritage Bank, FSB terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMidwest Heritage Bank, FSB rankings
Its closest position to the top of a national ranking is 190 of 3,611, for ROA; its furthest is 984 of 2,134, for CET1 ratio.
Banks merged into Midwest Heritage Bank, FSB
- Iowa Savings Bank, effective April 27, 2026
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.92% (Q1 2026) to 2.71% (Q1 2025) and its net interest margin ran from 3.22% (Q4 2024) to 4.05% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.55% | 2.43% | 1.78% | 10.38% | 4.05% |
| Q1 2026 | 17.48% | 0.92% | 1.64% | 8.75% | 3.89% |
| Q4 2025 | 16.54% | 1.57% | 1.58% | 8.77% | 3.74% |
| Q3 2025 | 16.46% | 1.40% | 1.26% | 7.11% | 3.76% |
| Q2 2025 | 16.95% | 1.84% | 0.11% | 0.59% | 3.81% |
| Q1 2025 | 16.09% | 2.71% | 0.29% | 1.68% | 3.38% |
| Q4 2024 | 14.75% | 2.16% | 0.09% | 0.55% | 3.22% |
| Q3 2024 | 14.61% | 1.29% | 0.07% | 0.42% | 3.36% |
Swipe the table sideways to see every column.
Branch Network
View all 13 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 Heritage Bank, FSB (main office) | West Des Moines , IA | 50265 | $173.1M |
| Iowa Savings Branch | Carroll , IA | 51401 | $158.5M |
| Chariton Branch | Chariton , IA | 50049 | $115.6M |
| Iowa Savings BankCoon Rapids Branch | Coon Rapids , IA | 50058 | $71.3M |
| Urbandale Branch | Urbandale , IA | 50322 | $24.9M |
| Wdm 3 Hv Branch | West Des Moines , IA | 50266 | $20.1M |
| Ames Branch | Ames , IA | 50010 | $19.7M |
| Windsor Heights Branch | Windsor Heights , IA | 50324 | $18.7M |
| 106 North Illinois St Branch | Lake City , IA | 51449 | $17.7M |
| Grimes Branch | Grimes , IA | 50111 | $11.2M |
| Glidden Branch | Glidden , IA | 51443 | $9.8M |
| Fleur Drive | Des Moines , IA | 50321 | $8.9M |
| Overland Park Hy-Vee Branch | Overland Park , KS | 66221 | $0 |
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 |
|---|---|---|---|
| April 27, 2026 | M&A | Acquired Iowa Savings Bank merger for the acquired bank | SEC |
| April 27, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 27, 2026 | Structure Change | Acquired Iowa Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 8, 1990 | M&A | Acquired Firstcentral Federal Savings Bank failure_government_assistance_provided for the acquired bank | SEC |
| September 8, 1990 | Structure Change | Acquired Firstcentral Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 7, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.5% of deposits in IA, rank 42 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 328 applications, 228 loans originated, $63.0M originated, across 17 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $72K approved, $72K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (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
Add this badge to your website
Free to use. It shows Midwest Heritage Bank, FSB’s latest filed figures and updates each quarter.
Similar banks
Compare Midwest Heritage Bank, FSB with peers
Frequently asked about Midwest Heritage Bank, FSB
What are Midwest Heritage Bank, FSB's total assets?
As of the Q2 2026 filing, Midwest Heritage Bank, FSB reported total assets of $768.3 million in its FFIEC call report.
Where is Midwest Heritage Bank, FSB headquartered?
It is headquartered in West Des Moines, IA, United States.
When was Midwest Heritage Bank, FSB founded?
It was established in 1930, per the FDIC institution directory.
Is Midwest Heritage Bank, FSB FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #4432). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Midwest Heritage Bank, FSB?
Midwest Heritage Bank, FSB's primary federal regulator is the OCC.
What is Midwest Heritage Bank, FSB's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.55% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Midwest Heritage Bank, FSB operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Midwest Heritage Bank, FSB's Texas Ratio?
Its Texas Ratio is 10.38% 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.
Go deeper on Midwest Heritage Bank, FSB.
Get an email when Midwest Heritage Bank, FSB files its next call report, and benchmark it against any peer you choose.
Unlock Midwest Heritage Bank, FSB, freeFree account