Midwestone Bank Mortgage Rates, Fees & Info

Iowa City, IA

LEI: 549300LZLYU85WF65870

Tax ID: 42-0335350

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Midwestone Bank is a smaller bank specializing in Home Purchase and Refi loans. Midwestone Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Iowa City, Waterloo, Oskaloosa, and Cedar Rapids among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midwestone Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Midwestone Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.56% 4/21/24
    30 Year Conventional Refi 6.34% 4/21/24
    30 Year Cash-out Refi 6.63% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    30 Year USDA Purchase 7.02% 4/21/24
    15 Year Conventional Purchase 5.85% 4/21/24
    15 Year Conventional Refi 6.05% 4/21/24
    15 Year Cash-out Refi 6.05% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Midwestone Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Midwestone Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,133

    Origination Dollar Volume (All Markets)

    $155,305,000

    Employee count

    585

    Awards

    MidWestOne Bank 30 Year Conventional Loans silver MidWestOne Bank 30 Year Conventional Loans gold MidWestOne Bank 30 Year Conventional Loans bronze MidWestOne Bank 30 Year Conventional Loans silver
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 398 $65,980,000 $165,779 $3,714 3.95%
    IOWA CITY, IA (FHA|USDA|VA) 166 $25,320,000 $152,530 $1,466 3.75%
    Outside of Metro Areas 165 $14,825,000 $89,848 $2,067 3.92%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 60 $6,970,000 $116,167 $1,946 4.23%
    Oskaloosa, IA (FHA|USDA|VA) 51 $5,465,000 $107,157 $1,800 4.36%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 27 $4,255,000 $157,593 $1,543 3.60%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 54 $3,990,000 $73,889 $1,648 3.90%
    Burlington, IA-IL (FHA|USDA|VA) 41 $3,725,000 $90,854 $1,822 3.83%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 16 $2,850,000 $178,125 $3,631 3.37%
    Pella, IA (FHA|USDA|VA) 20 $2,800,000 $140,000 $1,690 3.22%
    Fairfield, IA (FHA|USDA|VA) 26 $2,660,000 $102,308 $1,601 3.62%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $2,275,000 $252,778 $5,304 4.55%
    Brainerd, MN (FHA|USDA|VA) 4 $2,100,000 $525,000 $5,995 4.20%
    Muscatine, IA (FHA|USDA|VA) 21 $2,005,000 $95,476 $1,702 3.96%
    Marshalltown, IA (FHA|USDA|VA) 22 $1,900,000 $86,364 $1,732 3.93%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,390,000 $231,667 $2,831 4.88%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 11 $1,305,000 $118,636 $1,673 3.67%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $760,000 $190,000 $1,574 4.22%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $560,000 $280,000 $5,531 4.81%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $9,951 4.25%
    AMES, IA (FHA|USDA|VA) 3 $465,000 $155,000 $1,658 5.08%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $295,000 $98,333 $2,294 3.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $3,098 4.75%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.32%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $5,601 4.75%
    Ottumwa, IA (FHA|USDA|VA) 4 $250,000 $62,500 $1,732 3.15%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.25%
    MADISON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,144 4.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $4,218 5.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $195,000 $195,000 $1,794 4.88%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $175,000 $175,000 $5,152 4.88%
    Menomonie, WI (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.99%
    Bemidji, MN (FHA|USDA|VA) 1 $115,000 $115,000 $3,748 4.75%
    Mason City, IA (FHA|USDA|VA) 1 $115,000 $115,000 $0 1.99%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,779 4.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $85,000 $85,000 $3,507 5.38%
    ROCHESTER, NY (FHA|USDA|VA) 1 $85,000 $85,000 $2,735 4.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.99%
    Macomb, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,485 4.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.99%
    Midwestone Bank's top markets include Minneapolis, Iowa City, Waterloo, Oskaloosa, and Cedar Rapids among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MidWestOne Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Bank
    Similarity Rank: 36
    ASCENTRA
    Similarity Rank: 65
    Citizens State Bank
    Similarity Rank: 68
    Mound City Bank
    Similarity Rank: 70
    Farmers Savings Bank & Trust
    Similarity Rank: 76
    Heartland Credit Union (Madison)
    Similarity Rank: 78
    Royal Bank
    Similarity Rank: 81
    Fidelity Bank & Trust
    Similarity Rank: 84
    Raccoon Valley Bank
    Similarity Rank: 96
    FIRST
    Similarity Rank: 117

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 578 $48,500,000 $83,910 n/a 3.11%
    Conventional 550 $106,410,000 $193,473 $2,364 4.76%
    USDA 5 $395,000 $79,000 $2,917 4.58%

    For 2018, Midwestone Bank's most frequently originated type of loan was HELOC, with 578 originations. Their 2nd most popular type was Conventional, with 550 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 407 $77,905,000 $191,413 $2,592 4.56%
    Refi 298 $37,860,000 $127,047 $1,949 4.14%
    Other 210 $17,090,000 $81,381 $2,669 2.74%
    Home Improvement 135 $9,455,000 $70,037 $0 2.95%
    Cash Out Refi 83 $12,995,000 $156,566 $1,925 4.51%

    For 2018, Midwestone Bank's most frequently cited loan purpose was Home Purchase, with 407 originations. The 2nd most popular reason was Refi, with 298 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 626 $62,200,000 $99,361 $970 3.27%
    30 Year 305 $60,045,000 $196,869 $2,497 4.60%
    15 Year 80 $12,300,000 $153,750 $2,068 4.27%
    5 Year 45 $8,545,000 $189,889 $0 5.41%
    20 Year 31 $4,875,000 $157,258 $2,256 4.64%
    Other 28 $4,300,000 $153,571 $123 5.70%
    1 Year 16 $2,310,000 $144,375 $0 5.52%
    3 Year 2 $730,000 $365,000 $0 4.85%

    For 2018, Midwestone Bank's most frequently cited loan duration was 10 Year, with 626 originations. The 2nd most popular length was 30 Year, with 305 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 313 $51,705,000 $165,192
    $1k-2k 37 $6,365,000 $172,027
    $2k-3k 15 $3,335,000 $222,333
    $3k-4k 13 $3,685,000 $283,462
    $5k+ 11 $6,555,000 $595,909
    $4k-5k 5 $2,215,000 $443,000

    Midwestone Bank's average total fees were $2,497, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 313 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 389 $75,165,000 $193,226
    <2.5% 307 $27,975,000 $91,124
    5-6% 191 $28,915,000 $151,387
    2.5-3% 82 $6,300,000 $76,829
    3-4% 75 $14,015,000 $186,867
    6-7% 56 $2,370,000 $42,321
    7-8% 24 $410,000 $17,083
    Over 8% 9 $155,000 $17,222

    During 2018, Midwestone Bank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 389 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 582 $28,440,000 $48,866 $1,570 3.73%
    $100k-200k 312 $44,850,000 $143,750 $2,040 4.07%
    $200k-400k 183 $48,445,000 $264,727 $2,683 4.18%
    $400k-600k 42 $20,080,000 $478,095 $5,024 3.93%
    $600k-1MM 10 $8,020,000 $802,000 $10,675 4.38%
    $1MM+ 4 $5,470,000 $1,367,500 $0 5.06%

    2018 saw Midwestone Bank place emphasis on $100,000 or less loans with 582 originations, totaling $28,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 228 $23,370,000 $102,500 $2,126 4.07%
    $100k-150k 209 $30,675,000 $146,770 $2,639 3.55%
    $50k or less 193 $13,035,000 $67,539 $1,754 4.08%
    $75k-100k 173 $21,505,000 $124,306 $1,945 3.67%
    $150k-250k 116 $20,150,000 $173,707 $3,324 3.51%
    $250k+ 66 $15,770,000 $238,939 $4,480 3.50%

    Midwestone Bank lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $100k-150k, with 209 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 270 $30,610,000 $113,370 $2,206 3.62%
    <20% 227 $22,585,000 $99,493 $2,136 3.36%
    30-36% 168 $22,040,000 $131,190 $2,206 3.61%
    41% 32 $5,240,000 $163,750 $3,568 3.76%
    40% 31 $4,795,000 $154,677 $3,266 3.68%
    42% 30 $5,270,000 $175,667 $3,103 3.80%
    38% 30 $3,360,000 $112,000 $2,258 3.99%
    37% 28 $3,550,000 $126,786 $2,740 3.73%
    39% 24 $2,910,000 $121,250 $2,840 3.49%
    43% 22 $3,560,000 $161,818 $1,857 4.20%
    36% 21 $3,585,000 $170,714 $2,175 3.76%
    44% 19 $3,585,000 $188,684 $2,676 4.38%
    47% 17 $2,195,000 $129,118 $2,130 3.88%
    49% 14 $3,340,000 $238,571 $2,728 4.81%
    48% 13 $2,365,000 $181,923 $1,870 4.66%
    >60% 11 $1,835,000 $166,818 $2,063 4.97%
    50-60% 10 $1,350,000 $135,000 $2,866 4.37%
    46% 8 $1,200,000 $150,000 $1,738 4.06%
    45% 5 $905,000 $181,000 $1,467 4.05%

    Midwestone Bank lent most frequently to those with DTI ratios of 20-30%, with 270 originations. The next most common DTI ratio? <20%, with 227 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 882 $112,060,000 $127,052 $2,366 3.80%
    Not applicable 103 $26,325,000 $255,583 $0 5.30%
    Not provided 121 $13,445,000 $111,116 $2,124 3.53%
    Asian 17 $2,045,000 $120,294 $2,393 4.07%
    Black 8 $1,190,000 $148,750 $3,045 4.53%
    Native Hawaiian or Islander 1 $185,000 $185,000 $3,784 5.63%
    American Indian 1 $55,000 $55,000 $0 0.99%

    Approval Rates

    Total approvals of all applications
    83.75%

    Midwestone Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.76%

    Midwestone Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,133 $155,305,000 $137,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,280,000 $640,000
    Multifamily:Site-Built 28 $10,470,000 $373,929
    Single Family (1-4 Units):Manufactured 3 $205,000 $68,333
    Single Family (1-4 Units):Site-Built 1,100 $143,350,000 $130,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 253 $21,575,000 $85,277 $1,336 3.27%
    40-60% 156 $20,490,000 $131,346 $1,858 3.82%
    60-80% 271 $58,515,000 $215,923 $2,434 4.51%
    80-100% 235 $45,095,000 $191,894 $2,717 4.11%
    Over 100% 6 $1,960,000 $326,667 $2,337 5.37%
    Under 20% 211 $7,635,000 $36,185 $413 3.73%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 66.7%
    Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    MidWestOne Bank 1001 U.S. Highway 57 Parkersburg, IA 50665 Full Service B&M $34,884
    MidWestOne Bank 10030 Highway 149 North English, IA 52316 Full Service B&M $30,513
    MidWestOne Bank 102 South Clinton Street Iowa City, IA 52240 Full Service B&M $443,194
    MidWestOne Bank 110 First Avenue Coralville, IA 52241 Full Service B&M $73,996
    MidWestOne Bank 11151 Lake Boulevard Chisago City, MN 55013 Full Service B&M $98,727
    MidWestOne Bank 112 North Main Street Sigourney, IA 52591 Full Service B&M $54,528
    MidWestOne Bank 120 West Center Conrad, IA 50621 Full Service B&M $51,004
    MidWestOne Bank 124 S 1st Street Oskaloosa, IA 52577 Full Service B&M $189,176
    MidWestOne Bank 1650 South Lake Street Forest Lake, MN 55025 Full Service B&M $94,675
    MidWestOne Bank 18233 Carson Court Nw Elk River, MN 55330 Full Service B&M $41,909
    MidWestOne Bank 1899 Wynkoop Street, Suite 100 Denver, CO 80202 Full Service B&M $27,030
    MidWestOne Bank 1906 Keokuk St Iowa City, IA 52240 Full Service B&M $49,723
    MidWestOne Bank 202 Main St. Melbourne, IA 50162 Full Service B&M $29,027
    MidWestOne Bank 2104 Hastings Avenue Newport, MN 55055 Full Service B&M $25,738
    MidWestOne Bank 2120 Hennepin Avenue South Minneapolis, MN 55405 Full Service B&M $14,886
    MidWestOne Bank 2183 Us Highway 8 East Saint Croix Falls, WI 54024 Full Service B&M $54,114
    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 $61,045
    MidWestOne Bank 2270 Frontage Road Stillwater, MN 55082 Full Service B&M $124,854
    MidWestOne Bank 2408 West Burlington Avenue Fairfield, IA 52556 Full Service B&M $15,961
    MidWestOne Bank 304 Cascade Street North Osceola, WI 54020 Full Service B&M $97,384
    MidWestOne Bank 305 West Rainbow Drive West Liberty, IA 52776 Full Service B&M $31,737
    MidWestOne Bank 3110 Kimball Avenue Waterloo, IA 50702 Full Service B&M $13,548
    MidWestOne Bank 3225 Division St Burlington, IA 52601 Full Service B&M $96,378
    MidWestOne Bank 3585 124th Avenue Northwest Coon Rapids, MN 55433 Full Service B&M $63,052
    MidWestOne Bank 3670 East County Line White Bear Lake, MN 55110 Full Service B&M $53,189
    MidWestOne Bank 404 Country Road Uu Hudson, WI 54016 Full Service B&M $22,503
    MidWestOne Bank 4099 Tamiami Trail North Naples, FL 34103 Full Service B&M $64,649
    MidWestOne Bank 4510 Prairie Pkwy Cedar Falls, IA 50613 Full Service B&M $44,092
    MidWestOne Bank 465 Hwy 965 Ne, Suite A North Liberty, IA 52317 Full Service B&M $49,562
    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 $52,631
    MidWestOne Bank 6640 Shady Oak Road Eden Prairie, MN 55344 Full Service B&M $53,579
    MidWestOne Bank 700 Main Street Pella, IA 50219 Full Service B&M $56,661
    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 $31,169
    MidWestOne Bank 750 Central Ave. E, Ste. 100 Saint Michael, MN 55376 Full Service B&M $37,727
    MidWestOne Bank 802 13th St Belle Plaine, IA 52208 Full Service B&M $53,144
    MidWestOne Bank 8690 Gladiolus Drive Fort Myers, FL 33908 Full Service B&M $36,487
    MidWestOne Bank 880 Sixth St North Hudson, WI 54016 Full Service B&M $34,524
    MidWestOne Bank 926 Avenue G Fort Madison, IA 52627 Full Service B&M $38,493
    MidWestOne Bank 930 Southview Boulevard South Saint Paul, MN 55075 Full Service B&M $66,867
    MidWestOne Bank 945 Winnetka Avenue North Golden Valley, MN 55427 Full Service B&M $100,203

    For 2018, Midwestone Bank had 44 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $128,782
    Net interest income $107,515
    Total noninterest income $23,094
    Gross Fiduciary activities income $2,572
    Service charges on deposit accounts $4,649
    Trading account gains and fees $0
    Additional Noninterest Income $15,873
    Pre-tax net operating income $41,957
    Securities gains (or losses, -) $158
    Income before extraordinary items $33,726
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $33,726
    Minority interest net income $0
    Net income $33,726
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,599

    Midwestone Bank's gross interest income from loans was $128,782,000.
    Midwestone Bank's net interest income from loans was $107,515,000.
    Midwestone Bank's fee based income from loans was $4,649,000.
    Midwestone Bank's net income from loans was $33,726,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,267
    Provision for credit losses $7,300
    Total noninterest expense $81,352
    Salaries and employee benefits $47,492
    Premises and equipment expense $13,128
    Additional noninterest expense $20,732
    Applicable income taxes $8,389
    Net charge-offs $6,052
    Cash dividends $24,000

    Midwestone Bank's interest expense for loans was $21,267,000.
    Midwestone Bank's payroll and benefits expense were $47,492,000.
    Midwestone Bank's property, plant and equipment expenses $13,128,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 $2,622,933
    Deposits held in domestic offices $2,622,933
    Deposits by Individuals, partnerships, and corporations $2,267,448
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $353,521
    Deposits by Commercial banks and other depository institutions in U.S. $1,961
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $362,642
    Demand deposits $202,837
    Nontransaction accounts $2,260,291
    Money market deposit accounts (MMDAs) $1,326,227
    Other savings deposits (excluding MMDAs) $210,416
    Total time deposits $723,647
    Total time and savings deposits $2,420,096
    Noninterest-bearing deposits $441,240
    Interest-bearing deposits $2,181,693
    Retail deposits $2,431,681
    IRAs and Keogh plan accounts $73,652
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,284,241
    Cash & Balances due from depository institutions $45,479
    Interest-bearing balances $1,693
    Total securities $611,577
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,370,138
    Loan and leases loss allowance $29,307
    Trading account assets $0
    Bank premises and fixed assets $75,635
    Other real estate owned $485
    Goodwill and other intangibles $77,222
    All other assets $103,705

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,284,241
    Total Liabilities $2,912,376
    Total deposits $2,622,933
    Interest-bearing deposits $2,181,693
    Deposits held in domestic offices $2,622,933
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $131,420
    Trading liabilities $0
    Other borrowed funds $137,338
    Subordinated debt $0
    All other liabilities $20,685

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,370,138
    Loan and leases loss allowance $29,307
    Total loans and leases (domestic) $2,399,445
    All real estate loans $1,729,874
    Real estate loans in domestic offices $1,729,874
    Construction and development loans $217,616
    Residential 1-4 family construction $34,638
    Other construction, all land development and other land $182,978
    Loans secured by nonfarm nonresidential properties $826,164
    Nonfarm nonresidential secured by owner-occupied properties $358,523
    Commercial real estate & other non-farm, non-residential $467,641
    Multifamily residential real estate $134,741
    1-4 family residential loans $462,546
    Farmland loans $88,807
    Loans held in foreign offices $0
    Farm loans $96,956
    Commercial and industrial loans $381,429
    To non-U.S. addressees $0
    Loans to individuals $36,942
    Credit card loans $0
    Related Plans $2,980
    Consumer Auto Loans $9,364
    Other loans to individuals $24,598
    All other loans & leases $154,244
    Loans to foreign governments and official institutions $0
    Other loans $24,843
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,137
    Loans secured by real estate to non-U.S. addressees $1,087
    Restructured Loans & leases $5,222
    Non 1-4 family restructured loans & leases $4,222
    Total loans and leases (foreign) $0

    MidWestOne Bank had $2,370,138,000 of loans outstanding in 2018. $1,729,874,000 of loans were in real estate loans. $217,616,000 of loans were in development loans. $134,741,000 of loans were in multifamily mortgage loans. $462,546,000 of loans were in 1-4 family mortgage loans. $96,956,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,364,000 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 1,106 $252,618 $228,407
    Nonfarm, nonresidential loans - <$100k 222 $9,286 $41,829
    Nonfarm, nonresidential loans - $100-250k 365 $41,728 $114,323
    Nonfarm, nonresidential loans - $250k-1MM 519 $201,604 $388,447
    Commercial & Industrial, US addressed loans - <$1MM 2,310 $185,854 $80,456
    Commercial & Industrial, US addressed loans - <$100k 1,425 $33,483 $23,497
    Commercial & Industrial, US addressed loans - $100-250k 468 $44,689 $95,489
    Commercial & Industrial, US addressed loans - $250k-1MM 417 $107,682 $258,230
    Farmland loans - <$1MM 278 $41,805 $150,378
    Farmland loans - <$100k 72 $2,956 $41,056
    Farmland loans - $100-250k 127 $16,085 $126,654
    Farmland loans - $250k-1MM 79 $22,764 $288,152
    Agriculture operations loans - <$1MM 795 $53,124 $66,823
    Agriculture operations loans - <$100k 534 $13,940 $26,105
    Agriculture operations loans - $100-250k 186 $21,222 $114,097
    Agriculture operations loans - $250k-1MM 75 $17,962 $239,493