Bank Midwest
Major Rating Factors:
Excellent current capitalization (8.7 on a scale of 0 to 10) based on a risk-based capital ratio of 13.1 and a capital leverage ratio of 10.2. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.8 on a scale of 0 to 10).
Other Rating Factors:
A current level of 3.0 percent of nonperforming loans to core capital combined with 4.9 percent from a year earlier contributes to the Good asset quality (6.9). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.0 has resulted in Fair (4.8) profitability.
Asset Mix:
Comm loans (21%), comm re (16%), securities (13%), home mtgs (6%), cash (3%), consumer loans (2%), home eq lns (2%), other (37%)
States with Branches:
IA, MN, SD
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Goodenow Bancorporation
Investment Rating
--
Address
1800 Royal Avenue
Spirit Lake, IA 51360
Spirit Lake, IA 51360
Phone Number
(712) 336-0505
Year Founded
1887
FDIC Number
Website
Largest Affiliates
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