Midwestone Bank Mortgage Rates, Fees & Info

Iowa City, IA

LEI: 549300LZLYU85WF65870

Tax ID: 42-0335350

5 stars - out of 5 stars, based on 55 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Midwestone Bank is a smaller bank specializing in Refi and Home Purchase loans. Midwestone Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Dubuque, Minneapolis, Iowa City, Pella, and Madison among others. Midwestone Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Midwestone Bank is typically a low fee lendor.


Originations

3,061

Origination Dollar Volume (All Markets)

$704,825,000

Employee count

731 Show all (5) awards

Relative Rate

Midwestone Bank's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Midwestone Bank's average total fees for a 30 year fixed rate mortgage are $2,336.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DUBUQUE, IA (FHA|USDA|VA) 906 $192,260,000 $212,208 $1,615 2.86%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 525 $176,545,000 $336,276 $3,570 3.22%
IOWA CITY, IA (FHA|USDA|VA) 384 $92,330,000 $240,443 $1,651 2.96%
Outside of Metro Areas 422 $61,800,000 $146,445 $2,188 3.11%
Pella, IA (FHA|USDA|VA) 41 $25,325,000 $617,683 $2,081 3.10%
MADISON, WI (FHA|USDA|VA) 16 $23,900,000 $1,493,750 $1,940 3.37%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 88 $20,170,000 $229,205 $2,074 2.96%
Platteville, WI (FHA|USDA|VA) 135 $17,025,000 $126,111 $1,793 3.12%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 68 $9,860,000 $145,000 $1,753 3.15%
Muscatine, IA (FHA|USDA|VA) 39 $9,845,000 $252,436 $1,789 2.89%
CEDAR RAPIDS, IA (FHA|USDA|VA) 62 $8,790,000 $141,774 $1,858 3.12%
Burlington, IA-IL (FHA|USDA|VA) 65 $8,015,000 $123,308 $1,954 3.33%
Oskaloosa, IA (FHA|USDA|VA) 78 $7,860,000 $100,769 $1,727 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 18 $7,250,000 $402,778 $5,884 3.27%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $4,765,000 $280,294 $5,832 3.21%
Fairfield, IA (FHA|USDA|VA) 45 $3,865,000 $85,889 $1,965 3.22%
Marshalltown, IA (FHA|USDA|VA) 33 $3,425,000 $103,788 $1,747 3.18%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $3,305,000 $472,143 $3,892 2.89%
Ottumwa, IA (FHA|USDA|VA) 7 $2,975,000 $425,000 $1,948 3.54%
Menomonie, WI (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 3.65%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 27 $2,455,000 $90,926 $2,113 3.32%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $2,295,000 $255,000 $0 3.01%
Brainerd, MN (FHA|USDA|VA) 8 $2,030,000 $253,750 $4,889 3.23%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 11 $1,385,000 $125,909 $1,919 2.95%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $2,635 3.00%
AMES, IA (FHA|USDA|VA) 9 $1,105,000 $122,778 $2,202 2.83%
Clinton, IA (FHA|USDA|VA) 3 $955,000 $318,333 $2,037 2.82%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $915,000 $915,000 $8,318 2.50%
DULUTH, MN-WI (FHA|USDA|VA) 3 $855,000 $285,000 $3,836 3.19%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $805,000 $805,000 $12,130 2.63%
Glenwood Springs, CO (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.50%
Hutchinson, MN (FHA|USDA|VA) 1 $705,000 $705,000 $0 4.25%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $645,000 $645,000 $0 3.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $2,600 2.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $500,000 $250,000 $1,680 2.94%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $455,000 $455,000 $3,532 2.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $445,000 $445,000 $4,709 2.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $430,000 $215,000 $4,586 3.25%
OCALA, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,375 2.38%
Payson, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $2,742 2.50%
Breckenridge, CO (FHA|USDA|VA) 1 $355,000 $355,000 $4,016 2.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.00%
GREEN BAY, WI (FHA|USDA|VA) 2 $290,000 $145,000 $1,629 3.00%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 3.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.75%
Baraboo, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,662 3.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,692 3.38%
Grand Rapids, MN (FHA|USDA|VA) 1 $235,000 $235,000 $3,495 2.50%
Alexandria, MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,835 2.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.99%
Sterling, IL (FHA|USDA|VA) 1 $215,000 $215,000 $1,988 3.00%
FARGO, ND-MN (FHA|USDA|VA) 1 $205,000 $205,000 $3,673 3.63%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,401 2.50%
Manitowoc, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,055 3.88%
Marinette, WI-MI (FHA|USDA|VA) 1 $85,000 $85,000 $1,540 2.38%
ST. CLOUD, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
Red Wing, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 2.99%

Midwestone Bank's top markets include Dubuque, Minneapolis, Iowa City, Pella, and Madison among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,052 $703,760,000 $230,590 $2,071 3.04%
USDA 9 $1,065,000 $118,333 $3,352 3.22%

For the 2021 period, Midwestone Bank's most frequently originated loan type of loans were Conventional, with 3,052 originations. Their 2nd most popular type is USDA, with 9 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,230 $290,760,000 $236,390 $1,679 2.93%
Home Purchase 809 $281,495,000 $347,954 $2,542 3.15%
Other 498 $45,350,000 $91,064 $0 3.17%
Cash Out Refi 366 $77,850,000 $212,705 $2,079 2.90%
Home Improvement 158 $9,370,000 $59,304 $0 3.29%

For the 2021, Midwestone Bank's most frequently cited loan purpose of loans were Refi, with 1,230 originations. The 2nd most popular reason of loans were Home Purchase, with 809 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 1,216 $190,700,000 $156,826 $1,483 3.16%
30 Year 995 $232,685,000 $233,854 $2,336 3.07%
15 Year 498 $89,860,000 $180,442 $1,754 2.49%
20 Year 178 $36,820,000 $206,854 $1,824 2.81%
5 Year 91 $67,415,000 $740,824 $0 3.85%
Other 62 $82,490,000 $1,330,484 $1,804 3.84%
1 Year 15 $2,995,000 $199,667 $0 4.30%
3 Year 5 $1,415,000 $283,000 $58 4.06%
30+ year 1 $445,000 $445,000 $8,069 3.38%

For the 2021, Midwestone Bank's most frequently cited loan length of loans were 10 Year, with 1,216 originations. The 2nd most popular length of loans were 30 Year, with 995 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,330 $255,230,000 $191,902
$1k-2k 278 $69,270,000 $249,173
$3k-4k 46 $15,410,000 $335,000
$2k-3k 39 $9,355,000 $239,872
$5k+ 19 $15,925,000 $838,158

$2,336 of loans were Midwestone Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,330 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,747 $267,655,000 $153,208
3-4% 674 $294,510,000 $436,958
<2.5% 493 $105,565,000 $214,128
4-5% 118 $36,060,000 $305,593
5-6% 26 $980,000 $37,692
6-7% 3 $55,000 $18,333

During 2021, Midwestone Bank's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,747 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,098 $158,660,000 $144,499 $1,799 2.95%
$100,000 or less 1,060 $59,400,000 $56,038 $1,581 3.16%
$200k-400k 678 $180,450,000 $266,150 $2,235 2.98%
$400k-600k 140 $67,690,000 $483,500 $2,897 2.99%
$1MM+ 44 $207,750,000 $4,721,591 $9,163 3.40%
$600k-1MM 41 $30,875,000 $753,049 $5,987 3.43%

2021 saw Midwestone Bank place emphasis on $100k-200k loans with 1,098 originations, totaling $158,660,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 676 $86,360,000 $127,751 $1,935 3.00%
$100k-150k 618 $108,620,000 $175,761 $2,052 2.97%
$50k or less 510 $55,950,000 $109,706 $1,815 3.05%
$75k-100k 497 $73,035,000 $146,952 $1,965 3.00%
$150k-250k 362 $84,350,000 $233,011 $2,254 2.98%
$250k+ 153 $62,725,000 $409,967 $3,896 3.02%

Midwestone Bank lent most frequently to those with incomes in the $50k-75k range, with 676 originations. The second most popular income band? $100k-150k, with 618 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 823 $126,735,000 $153,991 $1,884 2.93%
<20% 597 $84,575,000 $141,667 $1,889 3.02%
30-36% 532 $88,880,000 $167,068 $2,035 2.98%
41% 102 $17,390,000 $170,490 $2,235 2.98%
36% 95 $16,285,000 $171,421 $2,174 3.03%
38% 93 $16,235,000 $174,570 $2,165 2.95%
42% 88 $18,090,000 $205,568 $2,523 3.04%
37% 87 $15,755,000 $181,092 $2,440 3.02%
40% 83 $14,395,000 $173,434 $2,205 3.09%
39% 83 $15,515,000 $186,928 $2,288 3.02%
44% 67 $13,685,000 $204,254 $2,490 3.11%
43% 56 $11,740,000 $209,643 $2,309 3.09%
45% 35 $7,265,000 $207,571 $1,905 2.80%
49% 29 $6,205,000 $213,966 $2,100 2.75%
47% 29 $6,315,000 $217,759 $1,935 2.86%
48% 25 $4,375,000 $175,000 $1,885 2.84%
46% 23 $5,345,000 $232,391 $2,459 2.79%
50-60% 11 $5,055,000 $459,545 $4,232 3.17%
>60% 2 $620,000 $310,000 $1,955 3.06%

Midwestone Bank lent most frequently to those with DTI ratios of 20-30%, with 823 originations. The next most common DTI ratio? <20%, with 597 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,514 $427,630,000 $170,099 $2,034 2.97%
Not applicable 142 $218,460,000 $1,538,451 $0 3.85%
Not provided 321 $43,015,000 $134,003 $2,402 3.18%
Black 48 $8,000,000 $166,667 $3,408 3.47%
Asian 19 $5,345,000 $281,316 $2,247 2.99%
American Indian 12 $1,360,000 $113,333 $1,686 2.72%
Native Hawaiian 2 $570,000 $285,000 $1,237 2.94%
Asian Indian 3 $445,000 $148,333 $1,213 2.58%

Approval Rates

Total approvals of all applications
89.12%

Midwestone Bank has an average approval rate.

Pick Rate

Approvals leading to origination
87.22%

Midwestone Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,061 $704,825,000 $230,260

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,061 $704,825,000 $230,260

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 526 $58,060,000 $110,380 $1,784 3.07%
40-60% 565 $146,045,000 $258,487 $1,754 2.90%
60-80% 947 $332,705,000 $351,325 $1,979 3.00%
80-100% 638 $149,580,000 $234,451 $2,527 3.10%
Over 100% 1 $1,005,000 $1,005,000 $0 3.90%
Under 20% 384 $17,430,000 $45,391 $873 3.21%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Midwest Loan Services, Inc. Conventional home mortgage Incorrect information on your report 1 14.3%
Midwest Loan Services, Inc. Conventional home mortgage Struggling to pay mortgage 1 14.3%
Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 28.6%
Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 14.3%
Midwest Loan Services, Inc. Other type of mortgage Closing on a mortgage 1 14.3%
Midwest Loan Services, Inc. VA mortgage Trouble during payment process 1 14.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Midwestone Bank 130 Mcgregor Plaza Platteville, WI 53818 Full Service B&M $15,560
Midwestone Bank 100 North Main Street Cuba City, WI 53807 Full Service B&M $52,586
Midwestone Bank 1001 U.S. Highway 57 Parkersburg, IA 50665 Full Service B&M $43,436
Midwestone Bank 10030 Highway 149 North English, IA 52316 Full Service B&M $41,836
Midwestone Bank 102 South Clinton Street Iowa City, IA 52240 Full Service B&M $611,570
Midwestone Bank 1055 Lincoln Avenue Fennimore, WI 53809 Full Service B&M $43,542
Midwestone Bank 110 First Avenue Coralville, IA 52241 Full Service B&M $91,840
Midwestone Bank 11151 Lake Boulevard Chisago City, MN 55013 Full Service B&M $114,888
Midwestone Bank 112 North Main Street Sigourney, IA 52591 Full Service B&M $68,637
Midwestone Bank 120 West Center Conrad, IA 50621 Full Service B&M $57,992
Midwestone Bank 124 S 1st Street Oskaloosa, IA 52577 Full Service B&M $250,100
Midwestone Bank 4099 Tamiami Trail North Naples, FL 34103 Full Service B&M $92,454
Midwestone Bank 4510 Prairie Pkwy Cedar Falls, IA 50613 Full Service B&M $89,001
Midwestone Bank 465 Hwy 965 Ne, Suite A North Liberty, IA 52317 Full Service B&M $51,549
Midwestone Bank 4730 Asbury Road Dubuque, IA 52001 Full Service B&M $80,678
Midwestone Bank 500 Oskaloosa Street Pella, IA 50219 Full Service B&M $0
Midwestone Bank 500 S. Clinton Street Iowa City, IA 52240 Limited, Drive-thru $0
Midwestone Bank 58 East Burlington Fairfield, IA 52556 Full Service B&M $71,598
Midwestone Bank 6640 Shady Oak Road Eden Prairie, MN 55344 Full Service B&M $94,858
Midwestone Bank 700 Main Street Pella, IA 50219 Full Service B&M $72,119
Midwestone Bank 701 Oaknoll Road Iowa City, IA 52246 Limited, Mobile/Seasonal Office $0
Midwestone Bank 7111 21st Avenue North Centerville, MN 55038 Full Service B&M $43,488
Midwestone Bank 7204 University Ave Windsor Heights, IA 50324 Full Service B&M $8,137
Midwestone Bank 750 Central Ave. E, Ste. 100 Saint Michael, MN 55376 Full Service B&M $77,280
Midwestone Bank 2408 West Burlington Avenue Fairfield, IA 52556 Full Service B&M $23,234
Midwestone Bank 2600 Rockdale Road Dubuque, IA 52001 Full Service B&M $38,057
Midwestone Bank 280 John F. Kennedy Road Dubuque, IA 52001 Full Service B&M $138,842
Midwestone Bank 301 First Avenue, East Dyersville, IA 52040 Full Service B&M $90,170
Midwestone Bank 304 Cascade Street North Osceola, WI 54020 Full Service B&M $144,106
Midwestone Bank 305 West Rainbow Drive West Liberty, IA 52776 Full Service B&M $91,215
Midwestone Bank 3110 Kimball Avenue Waterloo, IA 50702 Full Service B&M $12,490
Midwestone Bank 3225 Division St Burlington, IA 52601 Full Service B&M $122,601
Midwestone Bank 3250 Jackson Street Dubuque, IA 52001 Full Service B&M $28,684
Midwestone Bank 3585 124th Avenue Northwest Coon Rapids, MN 55433 Full Service B&M $99,882
Midwestone Bank 3670 East County Line White Bear Lake, MN 55110 Full Service B&M $66,966
Midwestone Bank 400 First Street South Farley, IA 52046 Full Service B&M $48,549
Midwestone Bank 404 Country Road Uu Hudson, WI 54016 Full Service B&M $81,293
Midwestone Bank 802 13th St Belle Plaine, IA 52208 Full Service B&M $67,594
Midwestone Bank 8690 Gladiolus Drive Fort Myers, FL 33908 Full Service B&M $56,470
Midwestone Bank 895 Main Street Dubuque, IA 52001 Full Service B&M $448,878
Midwestone Bank 913 Locust Street Dubuque, IA 52001 Full Service B&M $0
Midwestone Bank 926 Avenue G Fort Madison, IA 52627 Full Service B&M $39,452
Midwestone Bank 930 Southview Boulevard South Saint Paul, MN 55075 Full Service B&M $116,137
Midwestone Bank 9350 University Avenue West Des Moines, IA 50266 Full Service B&M $131,378
Midwestone Bank 945 Winnetka Avenue North Golden Valley, MN 55427 Full Service B&M $130,241
Midwestone Bank 1422 9th Street Southeast Dyersville, IA 52040 Full Service B&M $18,522
Midwestone Bank 1650 South Lake Street Forest Lake, MN 55025 Full Service B&M $111,719
Midwestone Bank 18233 Carson Court Nw Elk River, MN 55330 Full Service B&M $49,850
Midwestone Bank 1899 Wynkoop Street, Suite 100 Denver, CO 80202 Full Service B&M $111,219
Midwestone Bank 1906 Keokuk St Iowa City, IA 52240 Full Service B&M $66,648
Midwestone Bank 202 Main St. Melbourne, IA 50162 Full Service B&M $36,432
Midwestone Bank 2120 Hennepin Avenue South Minneapolis, MN 55405 Full Service B&M $31,273
Midwestone Bank 2183 Us Highway 8 East Saint Croix Falls, WI 54024 Full Service B&M $64,557
Midwestone Bank 222 First Avenue East Oskaloosa, IA 52577 Limited, Drive-thru $0
Midwestone Bank 2233 Rochester Avenue Iowa City, IA 52245 Full Service B&M $79,872
Midwestone Bank 2270 Frontage Road Stillwater, MN 55082 Full Service B&M $162,601
Midwestone Bank 235 North Madison Street Lancaster, WI 53813 Full Service B&M $32,913

For 2021, Midwestone Bank had 57 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $177,287
Net interest income $162,075
Total noninterest income $44,435
Gross Fiduciary activities income $7,514
Service charges on deposit accounts $3,862
Trading account gains and fees $484
Additional Noninterest Income $32,575
Pre-tax net operating income $97,976
Securities gains (or losses, -) $223
Income before extraordinary items $76,443
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $76,443
Minority interest net income $0
Net income $76,443
Sale, conversion, retirement of capital stock, net $0
Net operating income $76,266

Midwestone Bank's gross interest income from loans was $177,287,000.
Midwestone Bank's net interest income from loans was $162,075,000.
Midwestone Bank's fee based income from loans was $3,862,000.
Midwestone Bank's net income from loans was $76,443,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $15,212
Provision for credit losses $-7,336
Total noninterest expense $115,870
Salaries and employee benefits $67,414
Premises and equipment expense $16,467
Additional noninterest expense $31,989
Applicable income taxes $21,756
Net charge-offs $-436
Cash dividends $40,750

Midwestone Bank's interest expense for loans was $15,212,000.
Midwestone Bank's payroll and benefits expense were $67,414,000.
Midwestone Bank's property, plant and equipment expenses $16,467,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $5,144,389
Deposits held in domestic offices $5,144,389
Deposits by Individuals, partnerships, and corporations $4,347,384
Deposits by U.S. Government $13
Deposits by States and political subdivisions in the U.S. $795,662
Deposits by Commercial banks and other depository institutions in U.S. $1,330
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,629,783
Demand deposits $1,567,397
Nontransaction accounts $2,514,606
Money market deposit accounts (MMDAs) $964,114
Other savings deposits (excluding MMDAs) $628,242
Total time deposits $922,249
Total time and savings deposits $3,576,992
Noninterest-bearing deposits $1,010,648
Interest-bearing deposits $4,133,741
Retail deposits $4,727,531
IRAs and Keogh plan accounts $106,207
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $6,023,480
Cash & Balances due from depository institutions $203,830
Interest-bearing balances $160,881
Total securities $2,290,565
Federal funds sold & reverse repurchase $0
Net loans and leases $3,209,229
Loan and leases loss allowance $48,700
Trading account assets $5,458
Bank premises and fixed assets $85,828
Other real estate owned $737
Goodwill and other intangibles $88,894
All other assets $138,939

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $6,023,480
Total Liabilities $5,419,777
Total deposits $5,144,389
Interest-bearing deposits $4,133,741
Deposits held in domestic offices $5,144,389
% insured (estimated) $62
Federal funds purchased and repurchase agreements $181,368
Trading liabilities $5,469
Other borrowed funds $52,842
Subordinated debt $0
All other liabilities $35,709

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,209,229
Loan and leases loss allowance $48,700
Total loans and leases (domestic) $3,257,929
All real estate loans $2,183,781
Real estate loans in domestic offices $2,183,781
Construction and development loans $172,160
Residential 1-4 family construction $46,589
Other construction, all land development and other land $125,571
Loans secured by nonfarm nonresidential properties $1,143,205
Nonfarm nonresidential secured by owner-occupied properties $494,631
Commercial real estate & other non-farm, non-residential $648,574
Multifamily residential real estate $244,503
1-4 family residential loans $479,240
Farmland loans $144,673
Loans held in foreign offices $0
Farm loans $103,417
Commercial and industrial loans $596,850
To non-U.S. addressees $0
Loans to individuals $68,418
Credit card loans $4,165
Related Plans $3,450
Consumer Auto Loans $19,705
Other loans to individuals $41,098
All other loans & leases $305,463
Loans to foreign governments and official institutions $0
Other loans $21,067
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $5,671
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $4,802
Non 1-4 family restructured loans & leases $3,749
Total loans and leases (foreign) $0

MidWestOne Bank had $3,209,229,000 of loans outstanding in 2021. $2,183,781,000 of loans were in real estate loans. $172,160,000 of loans were in development loans. $244,503,000 of loans were in multifamily mortgage loans. $479,240,000 of loans were in 1-4 family mortgage loans. $103,417,000 of loans were in farm loans. $4,165,000 of loans were in credit card loans. $19,705,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,140 $296,535 $260,118
Nonfarm, nonresidential loans - <$100k 210 $20,693 $98,538
Nonfarm, nonresidential loans - $100-250k 352 $41,124 $116,830
Nonfarm, nonresidential loans - $250k-1MM 578 $234,718 $406,087
Commercial & Industrial, US addressed loans - <$1MM 2,955 $222,554 $75,314
Commercial & Industrial, US addressed loans - <$100k 1,882 $45,029 $23,926
Commercial & Industrial, US addressed loans - $100-250k 550 $50,662 $92,113
Commercial & Industrial, US addressed loans - $250k-1MM 523 $126,863 $242,568
Farmland loans - <$1MM 489 $57,861 $118,325
Farmland loans - <$100k 103 $3,872 $37,592
Farmland loans - $100-250k 215 $20,561 $95,633
Farmland loans - $250k-1MM 171 $33,428 $195,485
Agriculture operations loans - <$1MM 1,041 $59,567 $57,221
Agriculture operations loans - <$100k 743 $21,117 $28,421
Agriculture operations loans - $100-250k 207 $20,181 $97,493
Agriculture operations loans - $250k-1MM 91 $18,269 $200,758