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 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 by origination volume include: Dubuque, Minneapolis, Iowa City, Des Moines, and Waterloo among others. We have data for 62 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

    2,255

    Origination Dollar Volume (All Markets)

    $384,735,000

    Employee count

    771 Show all (15) 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
    DUBUQUE, IA (FHA|USDA|VA) 542 $87,670,000 $161,753 $1,553 4.23%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 427 $77,495,000 $181,487 $3,280 4.30%
    IOWA CITY, IA (FHA|USDA|VA) 297 $62,865,000 $211,667 $1,412 3.77%
    Outside of Metro Areas 297 $35,935,000 $120,993 $2,143 4.22%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 104 $21,220,000 $204,038 $1,473 4.32%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 54 $16,560,000 $306,667 $1,494 4.52%
    Oskaloosa, IA (FHA|USDA|VA) 76 $8,970,000 $118,026 $1,748 4.04%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 33 $8,735,000 $264,697 $4,584 4.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 22 $6,160,000 $280,000 $3,027 4.04%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 16 $6,010,000 $375,625 $5,962 4.11%
    Platteville, WI (FHA|USDA|VA) 45 $5,685,000 $126,333 $1,549 4.07%
    Pella, IA (FHA|USDA|VA) 34 $5,660,000 $166,471 $1,363 3.85%
    Breckenridge, CO (FHA|USDA|VA) 2 $5,470,000 $2,735,000 $22,362 3.69%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 46 $5,350,000 $116,304 $1,347 4.05%
    Muscatine, IA (FHA|USDA|VA) 43 $3,945,000 $91,744 $1,336 4.00%
    Burlington, IA-IL (FHA|USDA|VA) 49 $3,695,000 $75,408 $1,338 4.44%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 18 $3,260,000 $181,111 $1,809 4.48%
    Brainerd, MN (FHA|USDA|VA) 9 $2,415,000 $268,333 $4,264 4.32%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 28 $2,050,000 $73,214 $1,995 4.07%
    Fairfield, IA (FHA|USDA|VA) 26 $1,360,000 $52,308 $1,894 4.23%
    Marshalltown, IA (FHA|USDA|VA) 21 $1,275,000 $60,714 $1,515 4.32%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $7,577 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $810,000 $405,000 $7,244 4.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $695,000 $695,000 $0 3.75%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $630,000 $315,000 $3,139 4.94%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $3,722 3.90%
    AMES, IA (FHA|USDA|VA) 5 $555,000 $111,000 $1,766 4.25%
    BOULDER, CO (FHA|USDA|VA) 1 $455,000 $455,000 $4,709 3.63%
    Baraboo, WI (FHA|USDA|VA) 3 $445,000 $148,333 $1,746 3.84%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $425,000 $141,667 $2,195 3.58%
    Ottumwa, IA (FHA|USDA|VA) 7 $415,000 $59,286 $1,972 4.40%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $410,000 $205,000 $2,997 3.56%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $395,000 $395,000 $2,149 3.75%
    MADISON, WI (FHA|USDA|VA) 3 $375,000 $125,000 $1,704 3.96%
    ROCHESTER, MN (FHA|USDA|VA) 1 $325,000 $325,000 $2,878 4.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $325,000 $108,333 $2,345 3.83%
    Spirit Lake, IA (FHA|USDA|VA) 2 $280,000 $140,000 $1,581 3.81%
    Clinton, IA (FHA|USDA|VA) 2 $270,000 $135,000 $0 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $7,990 3.13%
    Faribault-Northfield, MN (FHA|USDA|VA) 3 $265,000 $88,333 $2,698 4.13%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,910 3.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.40%
    Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,606 4.74%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,125 3.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,734 4.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,240 3.13%
    COLUMBIA, MO (FHA|USDA|VA) 1 $195,000 $195,000 $2,044 4.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.25%
    Fergus Falls, MN (FHA|USDA|VA) 1 $185,000 $185,000 $6,492 4.38%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,199 3.88%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $165,000 $165,000 $4,409 4.88%
    Dyersburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,867 4.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,454 3.25%
    MANKATO, MN (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,541 4.25%
    Grand Rapids, MN (FHA|USDA|VA) 1 $115,000 $115,000 $34 4.70%
    Fort Dodge, IA (FHA|USDA|VA) 1 $95,000 $95,000 $1,847 3.50%
    Beatrice, NE (FHA|USDA|VA) 1 $95,000 $95,000 $1,172 3.69%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,340 4.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,228 4.25%
    GREEN BAY, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
    Midwestone Bank's top markets include Dubuque, Minneapolis, Iowa City, Des Moines, and Waterloo 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.

    Heartland Credit Union (Madison)
    Similarity Rank: 48
    FINANCIAL PLUS Credit Union
    Similarity Rank: 63
    Royal Bank
    Similarity Rank: 84
    ASCENTRA
    Similarity Rank: 90
    Raccoon Valley Bank
    Similarity Rank: 145
    FIRST
    Similarity Rank: 154
    Luana Savings Bank
    Similarity Rank: 253
    Community Choice Credit Union
    Similarity Rank: 255
    Hills Bank and Trust Company
    Similarity Rank: 273
    CBI Bank & Trust
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,296 $301,320,000 $232,500 $1,958 4.08%
    HELOC 942 $81,410,000 $86,423 n/a 4.29%
    USDA 17 $2,005,000 $117,941 $3,467 3.97%

    For 2019, Midwestone Bank's most frequently originated type of loan was Conventional, with 1,296 originations. Their 2nd most popular type was HELOC, with 942 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 812 $138,560,000 $170,640 $1,554 4.21%
    Home Purchase 765 $168,625,000 $220,425 $2,229 4.12%
    Other 333 $28,675,000 $86,111 $753 4.35%
    Cash Out Refi 181 $40,225,000 $222,238 $2,037 3.77%
    Home Improvement 160 $8,490,000 $53,063 $164 4.20%
    NA 4 $160,000 $40,000 $0 5.25%

    For 2019, Midwestone Bank's most frequently cited loan purpose was Refi, with 812 originations. The 2nd most popular reason was Home Purchase, with 765 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 853 $98,365,000 $115,317 $955 4.17%
    30 Year 770 $176,300,000 $228,961 $2,194 4.00%
    15 Year 260 $46,190,000 $177,654 $1,616 3.61%
    1 Year 151 $13,915,000 $92,152 $0 5.21%
    Other 83 $16,785,000 $202,229 $869 5.12%
    5 Year 70 $19,960,000 $285,143 $170 5.00%
    20 Year 62 $10,930,000 $176,290 $1,595 3.75%
    30+ year 3 $1,155,000 $385,000 $4,676 4.42%
    3 Year 3 $1,135,000 $378,333 $0 5.22%

    For 2019, Midwestone Bank's most frequently cited loan duration was 10 Year, with 853 originations. The 2nd most popular length was 30 Year, with 770 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 897 $183,955,000 $205,078
    $1k-2k 135 $26,455,000 $195,963
    $2k-3k 33 $7,695,000 $233,182
    $3k-4k 16 $5,020,000 $313,750
    $5k+ 13 $12,455,000 $958,077
    $4k-5k 9 $2,725,000 $302,778

    Midwestone Bank's average total fees were $2,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 897 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 886 $180,630,000 $203,871
    4-5% 542 $106,160,000 $195,867
    2.5-3% 438 $47,800,000 $109,132
    5-6% 225 $39,685,000 $176,378
    6-7% 103 $8,995,000 $87,330
    7-8% 38 $1,060,000 $27,895
    Over 8% 23 $405,000 $17,609

    During 2019, Midwestone Bank's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 886 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 917 $45,795,000 $49,940 $1,349 4.46%
    $100k-200k 725 $103,335,000 $142,531 $1,776 3.93%
    $200k-400k 464 $123,800,000 $266,810 $2,102 3.95%
    $400k-600k 98 $45,060,000 $459,796 $2,471 3.98%
    $600k-1MM 30 $22,450,000 $748,333 $6,065 4.46%
    $1MM+ 21 $44,295,000 $2,109,286 $9,606 4.46%

    2019 saw Midwestone Bank place emphasis on $100,000 or less loans with 917 originations, totaling $45,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 441 $49,885,000 $113,118 $1,804 4.15%
    $100k-150k 429 $66,585,000 $155,210 $1,917 4.13%
    $75k-100k 352 $46,470,000 $132,017 $1,823 4.10%
    $50k or less 344 $30,390,000 $88,343 $1,779 4.23%
    $150k-250k 284 $59,830,000 $210,669 $2,183 4.03%
    $250k+ 164 $63,090,000 $384,695 $3,309 3.96%

    Midwestone Bank lent most frequently to those with incomes in the $50k-75k range, with 441 originations. The second most popular income band? $100k-150k, with 429 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 631 $95,145,000 $150,784 $1,903 4.00%
    <20% 421 $54,565,000 $129,608 $1,762 4.05%
    30-36% 374 $54,330,000 $145,267 $2,004 4.12%
    38% 71 $13,435,000 $189,225 $1,623 4.22%
    39% 66 $9,830,000 $148,939 $1,624 3.91%
    41% 64 $9,910,000 $154,844 $2,168 3.84%
    40% 63 $11,115,000 $176,429 $1,924 4.10%
    36% 55 $9,575,000 $174,091 $2,256 3.91%
    42% 52 $9,110,000 $175,192 $2,095 4.16%
    37% 51 $8,075,000 $158,333 $2,119 4.12%
    44% 47 $10,155,000 $216,064 $1,886 4.05%
    43% 37 $5,945,000 $160,676 $2,227 4.38%
    45% 35 $8,045,000 $229,857 $2,844 4.26%
    47% 28 $5,880,000 $210,000 $2,372 4.21%
    >60% 20 $3,960,000 $198,000 $2,091 5.13%
    46% 17 $2,835,000 $166,765 $2,294 3.94%
    48% 17 $2,615,000 $153,824 $1,908 4.83%
    50-60% 9 $4,115,000 $457,222 $5,057 4.74%
    49% 8 $1,310,000 $163,750 $1,525 3.73%

    Midwestone Bank lent most frequently to those with DTI ratios of 20-30%, with 631 originations. The next most common DTI ratio? <20%, with 421 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,886 $291,980,000 $154,814 $1,963 4.08%
    Not applicable 135 $55,125,000 $408,333 $0 5.16%
    Not provided 184 $28,230,000 $153,424 $2,699 4.30%
    Asian 28 $5,110,000 $182,500 $1,816 4.17%
    Black 16 $3,130,000 $195,625 $1,924 4.59%
    Native Hawaiian or Islander 3 $915,000 $305,000 $2,275 3.71%
    American Indian 3 $245,000 $81,667 $1,228 4.63%

    Approval Rates

    Total approvals of all applications
    87.76%

    Midwestone Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.49%

    Midwestone Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $75,000 $75,000
    NA 2,254 $384,660,000 $170,657

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 37 $37,745,000 $1,020,135
    Single Family (1-4 Units):Manufactured 10 $960,000 $96,000
    Single Family (1-4 Units):Site-Built 2,208 $346,030,000 $156,716

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 412 $39,480,000 $95,825 $1,244 4.23%
    40-60% 311 $66,265,000 $213,071 $2,080 4.04%
    60-80% 622 $146,250,000 $235,129 $2,003 4.06%
    80-100% 512 $116,150,000 $226,855 $2,078 3.96%
    Over 100% 5 $1,235,000 $247,000 $5,739 4.30%
    Under 20% 391 $15,255,000 $39,015 $365 4.62%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MIDWEST EQUITY MORTGAGE, LLC FHA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    MidWestOne Bank 100 North Main Street Cuba City, WI 53807 Full Service B&M $41,224
    MidWestOne Bank 1001 U.S. Highway 57 Parkersburg, IA 50665 Full Service B&M $38,161
    MidWestOne Bank 10030 Highway 149 North English, IA 52316 Full Service B&M $31,511
    MidWestOne Bank 102 South Clinton Street Iowa City, IA 52240 Full Service B&M $463,500
    MidWestOne Bank 1055 Lincoln Avenue Fennimore, WI 53809 Full Service B&M $35,041
    MidWestOne Bank 110 First Avenue Coralville, IA 52241 Full Service B&M $76,672
    MidWestOne Bank 11151 Lake Boulevard Chisago City, MN 55013 Full Service B&M $96,261
    MidWestOne Bank 112 North Main Street Sigourney, IA 52591 Full Service B&M $54,675
    MidWestOne Bank 120 West Center Conrad, IA 50621 Full Service B&M $53,767
    MidWestOne Bank 124 S 1st Street Oskaloosa, IA 52577 Full Service B&M $190,451
    MidWestOne Bank 130 Mcgregor Plaza Platteville, WI 53818 Full Service B&M $10,995
    MidWestOne Bank 1422 9th Street Southeast Dyersville, IA 52040 Full Service B&M $15,674
    MidWestOne Bank 1600 University Avenue Dubuque, IA 52001 Full Service B&M $6,013
    MidWestOne Bank 1650 South Lake Street Forest Lake, MN 55025 Full Service B&M $99,141
    MidWestOne Bank 18233 Carson Court Nw Elk River, MN 55330 Full Service B&M $42,420
    MidWestOne Bank 1899 Wynkoop Street, Suite 100 Denver, CO 80202 Full Service B&M $40,181
    MidWestOne Bank 1906 Keokuk St Iowa City, IA 52240 Full Service B&M $51,885
    MidWestOne Bank 1925 Main Street Hazel Green, WI 53811 Full Service B&M $14,974
    MidWestOne Bank 202 Main St. Melbourne, IA 50162 Full Service B&M $43,511
    MidWestOne Bank 2104 Hastings Avenue Newport, MN 55055 Full Service B&M $26,588
    MidWestOne Bank 2120 Hennepin Avenue South Minneapolis, MN 55405 Full Service B&M $15,160
    MidWestOne Bank 2183 Us Highway 8 East Saint Croix Falls, WI 54024 Full Service B&M $53,675
    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 $64,533
    MidWestOne Bank 2270 Frontage Road Stillwater, MN 55082 Full Service B&M $127,099
    MidWestOne Bank 235 North Madison Street Lancaster, WI 53813 Full Service B&M $26,731
    MidWestOne Bank 2408 West Burlington Avenue Fairfield, IA 52556 Full Service B&M $19,355
    MidWestOne Bank 2600 Rockdale Road Dubuque, IA 52001 Full Service B&M $35,002
    MidWestOne Bank 280 John F. Kennedy Road Dubuque, IA 52001 Full Service B&M $124,682
    MidWestOne Bank 301 First Avenue, East Dyersville, IA 52040 Full Service B&M $71,785
    MidWestOne Bank 304 Cascade Street North Osceola, WI 54020 Full Service B&M $95,648
    MidWestOne Bank 305 West Rainbow Drive West Liberty, IA 52776 Full Service B&M $42,951
    MidWestOne Bank 3110 Kimball Avenue Waterloo, IA 50702 Full Service B&M $12,558
    MidWestOne Bank 3225 Division St Burlington, IA 52601 Full Service B&M $103,550
    MidWestOne Bank 3250 Jackson Street Dubuque, IA 52001 Full Service B&M $27,596
    MidWestOne Bank 3585 124th Avenue Northwest Coon Rapids, MN 55433 Full Service B&M $70,437
    MidWestOne Bank 3670 East County Line White Bear Lake, MN 55110 Full Service B&M $55,682
    MidWestOne Bank 400 First Street South Farley, IA 52046 Full Service B&M $47,329
    MidWestOne Bank 404 Country Road Uu Hudson, WI 54016 Full Service B&M $55,838
    MidWestOne Bank 4099 Tamiami Trail North Naples, FL 34103 Full Service B&M $65,141
    MidWestOne Bank 4510 Prairie Pkwy Cedar Falls, IA 50613 Full Service B&M $30,997
    MidWestOne Bank 465 Hwy 965 Ne, Suite A North Liberty, IA 52317 Full Service B&M $62,859
    MidWestOne Bank 4730 Asbury Road Dubuque, IA 52001 Full Service B&M $88,250
    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 $54,454
    MidWestOne Bank 6640 Shady Oak Road Eden Prairie, MN 55344 Full Service B&M $50,811
    MidWestOne Bank 700 Main Street Pella, IA 50219 Full Service B&M $58,115
    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 $39,022
    MidWestOne Bank 7204 University Ave Windsor Heights, IA 50324 Full Service B&M $13,984
    MidWestOne Bank 750 Central Ave. E, Ste. 100 Saint Michael, MN 55376 Full Service B&M $42,778
    MidWestOne Bank 802 13th St Belle Plaine, IA 52208 Full Service B&M $49,826
    MidWestOne Bank 8690 Gladiolus Drive Fort Myers, FL 33908 Full Service B&M $44,762
    MidWestOne Bank 895 Main Street Dubuque, IA 52001 Full Service B&M $380,776
    MidWestOne Bank 913 Locust Street Dubuque, IA 52001 Full Service B&M $38,010
    MidWestOne Bank 926 Avenue G Fort Madison, IA 52627 Full Service B&M $40,062
    MidWestOne Bank 930 Southview Boulevard South Saint Paul, MN 55075 Full Service B&M $68,399
    MidWestOne Bank 9350 University Avenue West Des Moines, IA 50266 Full Service B&M $37,710
    MidWestOne Bank 945 Winnetka Avenue North Golden Valley, MN 55427 Full Service B&M $103,954

    For 2019, Midwestone Bank had 60 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $183,223
    Net interest income $147,850
    Total noninterest income $31,261
    Gross Fiduciary activities income $5,192
    Service charges on deposit accounts $5,352
    Trading account gains and fees $1,227
    Additional Noninterest Income $19,490
    Pre-tax net operating income $56,175
    Securities gains (or losses, -) $145
    Income before extraordinary items $48,601
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $48,601
    Minority interest net income $0
    Net income $48,601
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $48,476

    Midwestone Bank's gross interest income from loans was $183,223,000.
    Midwestone Bank's net interest income from loans was $147,850,000.
    Midwestone Bank's fee based income from loans was $5,352,000.
    Midwestone Bank's net income from loans was $48,601,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $35,373
    Provision for credit losses $7,158
    Total noninterest expense $115,778
    Salaries and employee benefits $63,717
    Premises and equipment expense $16,083
    Additional noninterest expense $35,978
    Applicable income taxes $7,719
    Net charge-offs $7,387
    Cash dividends $15,000

    Midwestone Bank's interest expense for loans was $35,373,000.
    Midwestone Bank's payroll and benefits expense were $63,717,000.
    Midwestone Bank's property, plant and equipment expenses $16,083,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 0.2%
    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 $3,739,317
    Deposits held in domestic offices $3,739,317
    Deposits by Individuals, partnerships, and corporations $3,309,393
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $429,204
    Deposits by Commercial banks and other depository institutions in U.S. $713
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $548,277
    Demand deposits $339,204
    Nontransaction accounts $3,191,040
    Money market deposit accounts (MMDAs) $1,850,452
    Other savings deposits (excluding MMDAs) $387,142
    Total time deposits $953,446
    Total time and savings deposits $3,400,113
    Noninterest-bearing deposits $661,442
    Interest-bearing deposits $3,077,875
    Retail deposits $3,468,103
    IRAs and Keogh plan accounts $124,185
    Brokered deposits $250
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,645,441
    Cash & Balances due from depository institutions $73,286
    Interest-bearing balances $6,112
    Total securities $788,451
    Federal funds sold & reverse repurchase $198
    Net loans and leases $3,427,587
    Loan and leases loss allowance $29,079
    Trading account assets $1,836
    Bank premises and fixed assets $94,941
    Other real estate owned $4,273
    Goodwill and other intangibles $131,162
    All other assets $123,707

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,645,441
    Total Liabilities $4,069,933
    Total deposits $3,739,317
    Interest-bearing deposits $3,077,875
    Deposits held in domestic offices $3,739,317
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $117,249
    Trading liabilities $2,012
    Other borrowed funds $174,453
    Subordinated debt $0
    All other liabilities $36,902

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,427,587
    Loan and leases loss allowance $29,079
    Total loans and leases (domestic) $3,456,666
    All real estate loans $2,398,058
    Real estate loans in domestic offices $2,398,058
    Construction and development loans $298,077
    Residential 1-4 family construction $66,421
    Other construction, all land development and other land $231,656
    Loans secured by nonfarm nonresidential properties $1,107,490
    Nonfarm nonresidential secured by owner-occupied properties $502,037
    Commercial real estate & other non-farm, non-residential $605,453
    Multifamily residential real estate $227,407
    1-4 family residential loans $583,199
    Farmland loans $181,885
    Loans held in foreign offices $0
    Farm loans $140,446
    Commercial and industrial loans $580,241
    To non-U.S. addressees $0
    Loans to individuals $69,930
    Credit card loans $4,842
    Related Plans $4,002
    Consumer Auto Loans $27,291
    Other loans to individuals $33,795
    All other loans & leases $267,992
    Loans to foreign governments and official institutions $0
    Other loans $34,526
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,441
    Loans secured by real estate to non-U.S. addressees $1,205
    Restructured Loans & leases $4,372
    Non 1-4 family restructured loans & leases $3,377
    Total loans and leases (foreign) $0

    MidWestOne Bank had $3,427,587,000 of loans outstanding in 2019. $2,398,058,000 of loans were in real estate loans. $298,077,000 of loans were in development loans. $227,407,000 of loans were in multifamily mortgage loans. $583,199,000 of loans were in 1-4 family mortgage loans. $140,446,000 of loans were in farm loans. $4,842,000 of loans were in credit card loans. $27,291,000 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 1,428 $342,790 $240,049
    Nonfarm, nonresidential loans - <$100k 305 $20,729 $67,964
    Nonfarm, nonresidential loans - $100-250k 457 $57,870 $126,630
    Nonfarm, nonresidential loans - $250k-1MM 666 $264,191 $396,683
    Commercial & Industrial, US addressed loans - <$1MM 3,311 $252,277 $76,194
    Commercial & Industrial, US addressed loans - <$100k 2,153 $54,146 $25,149
    Commercial & Industrial, US addressed loans - $100-250k 613 $56,570 $92,284
    Commercial & Industrial, US addressed loans - $250k-1MM 545 $141,561 $259,745
    Farmland loans - <$1MM 701 $88,576 $126,357
    Farmland loans - <$100k 166 $8,140 $49,036
    Farmland loans - $100-250k 311 $33,572 $107,949
    Farmland loans - $250k-1MM 224 $46,864 $209,214
    Agriculture operations loans - <$1MM 1,408 $87,012 $61,798
    Agriculture operations loans - <$100k 1,035 $32,348 $31,254
    Agriculture operations loans - $100-250k 272 $30,300 $111,397
    Agriculture operations loans - $250k-1MM 101 $24,364 $241,228