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 Platteville 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 above 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% 12/16/24
    30 Year Conventional Purchase 6.56% 12/16/24
    30 Year Conventional Refi 6.34% 12/16/24
    30 Year Cash-out Refi 6.63% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 7.02% 12/16/24
    15 Year Conventional Purchase 5.85% 12/16/24
    15 Year Conventional Refi 6.05% 12/16/24
    15 Year Cash-out Refi 6.05% 12/16/24
    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

    3,533

    Origination Dollar Volume (All Markets)

    $668,475,000

    Employee count

    757 Show all (7) 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) 982 $173,610,000 $176,792 $1,564 3.03%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 630 $142,540,000 $226,254 $3,060 3.30%
    IOWA CITY, IA (FHA|USDA|VA) 465 $100,025,000 $215,108 $1,449 3.12%
    Outside of Metro Areas 451 $69,175,000 $153,381 $1,920 3.36%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 163 $37,145,000 $227,883 $1,841 3.13%
    Platteville, WI (FHA|USDA|VA) 134 $15,990,000 $119,328 $1,558 3.19%
    Burlington, IA-IL (FHA|USDA|VA) 81 $14,295,000 $176,481 $1,718 3.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 19 $14,065,000 $740,263 $4,587 3.31%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 81 $13,285,000 $164,012 $1,757 3.31%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 25 $8,995,000 $359,800 $5,892 3.62%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 59 $8,515,000 $144,322 $1,493 3.26%
    Pella, IA (FHA|USDA|VA) 58 $8,210,000 $141,552 $1,601 3.10%
    Oskaloosa, IA (FHA|USDA|VA) 91 $7,915,000 $86,978 $1,684 3.38%
    Muscatine, IA (FHA|USDA|VA) 50 $5,810,000 $116,200 $1,554 3.10%
    Breckenridge, CO (FHA|USDA|VA) 5 $5,265,000 $1,053,000 $13,570 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $3,950,000 $197,500 $2,798 3.64%
    Fairfield, IA (FHA|USDA|VA) 44 $3,920,000 $89,091 $2,244 3.10%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 40 $3,890,000 $97,250 $1,726 3.60%
    MADISON, WI (FHA|USDA|VA) 12 $3,690,000 $307,500 $1,732 3.31%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 19 $3,005,000 $158,158 $1,650 3.47%
    Brainerd, MN (FHA|USDA|VA) 10 $2,820,000 $282,000 $4,005 3.41%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,155,000 $307,857 $3,099 3.21%
    Marshalltown, IA (FHA|USDA|VA) 22 $1,880,000 $85,455 $1,898 3.24%
    Baraboo, WI (FHA|USDA|VA) 2 $1,850,000 $925,000 $2,277 3.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $6,979 4.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,480,000 $740,000 $11,447 3.31%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,285,000 $257,000 $2,951 3.33%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $1,230,000 $615,000 $8,039 3.06%
    AMES, IA (FHA|USDA|VA) 7 $1,225,000 $175,000 $2,210 3.18%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $865,000 $288,333 $1,746 3.71%
    Ottumwa, IA (FHA|USDA|VA) 7 $695,000 $99,286 $1,577 3.28%
    Clinton, IA (FHA|USDA|VA) 3 $635,000 $211,667 $1,370 3.04%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $2,936 3.25%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $455,000 $455,000 $3,372 3.13%
    Alexandria, MN (FHA|USDA|VA) 2 $450,000 $225,000 $2,943 3.50%
    Mason City, IA (FHA|USDA|VA) 2 $410,000 $205,000 $1,594 2.93%
    Payson, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $7,816 3.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $365,000 $365,000 $5,053 6.00%
    OCALA, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,628 3.13%
    TULSA, OK (FHA|USDA|VA) 1 $335,000 $335,000 $4,167 3.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $2,849 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.90%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,128 2.88%
    Red Wing, MN (FHA|USDA|VA) 1 $245,000 $245,000 $3,759 3.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,334 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,640 3.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $200,000 $100,000 $2,323 2.81%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.00%
    ROCHESTER, MN (FHA|USDA|VA) 1 $195,000 $195,000 $4,903 4.25%
    Whitewater, WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,764 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,621 2.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,443 3.13%
    Spirit Lake, IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,019 3.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,724 4.75%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $145,000 $145,000 $1,388 3.13%
    FARGO, ND-MN (FHA|USDA|VA) 1 $125,000 $125,000 $2,665 2.63%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,834 3.75%
    Macomb, IL (FHA|USDA|VA) 1 $45,000 $45,000 $1,476 3.63%
    Menomonie, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 2.75%
    Midwestone Bank's top markets include Dubuque, Minneapolis, Iowa City, Des Moines, and Platteville among others.

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

    Royal Bank
    Similarity Rank: 72
    Heartland Credit Union (Madison)
    Similarity Rank: 119
    ASCENTRA
    Similarity Rank: 170
    FINANCIAL PLUS Credit Union
    Similarity Rank: 172
    GREATER IOWA CREDIT UNION
    Similarity Rank: 204
    Raccoon Valley Bank
    Similarity Rank: 299
    Fidelity Bank
    Similarity Rank: 330
    FIRST
    Similarity Rank: 451
    LINN AREA
    Similarity Rank: 462
    CBI Bank & Trust
    Similarity Rank: 506

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,275 $553,285,000 $243,202 $1,939 3.15%
    HELOC 1,242 $112,960,000 $90,950 n/a 3.29%
    USDA 16 $2,230,000 $139,375 $3,805 3.29%

    For 2020, Midwestone Bank's most frequently originated type of loan was Conventional, with 2,275 originations. Their 2nd most popular type was HELOC, with 1,242 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,655 $334,055,000 $201,846 $1,634 3.17%
    Home Purchase 772 $177,880,000 $230,415 $2,384 3.22%
    Other 468 $38,920,000 $83,162 $1,923 3.20%
    Cash Out Refi 444 $104,660,000 $235,721 $2,083 3.19%
    Home Improvement 194 $12,960,000 $66,804 $2,112 3.37%

    For 2020, Midwestone Bank's most frequently cited loan purpose was Refi, with 1,655 originations. The 2nd most popular reason was Home Purchase, with 772 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,308 $123,490,000 $94,411 $1,571 3.28%
    30 Year 1,157 $272,975,000 $235,933 $2,170 3.22%
    15 Year 708 $133,200,000 $188,136 $1,701 2.79%
    20 Year 171 $34,925,000 $204,240 $1,795 3.07%
    Other 88 $42,230,000 $479,886 $890 4.20%
    5 Year 83 $51,975,000 $626,205 $49 4.07%
    1 Year 17 $9,665,000 $568,529 $0 4.66%
    3 Year 1 $15,000 $15,000 $0 4.25%

    For 2020, Midwestone Bank's most frequently cited loan duration was 10 Year, with 1,308 originations. The 2nd most popular length was 30 Year, with 1,157 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,580 $320,410,000 $202,791
    $1k-2k 380 $85,930,000 $226,132
    $2k-3k 46 $11,870,000 $258,043
    $5k+ 26 $23,850,000 $917,308
    $3k-4k 15 $4,425,000 $295,000
    $4k-5k 6 $2,250,000 $375,000

    Midwestone Bank's average total fees were $2,170, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,580 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,413 $225,075,000 $159,289
    3-4% 1,334 $318,170,000 $238,508
    <2.5% 457 $75,535,000 $165,284
    4-5% 211 $41,885,000 $198,507
    5-6% 93 $6,855,000 $73,710
    6-7% 14 $770,000 $55,000
    7-8% 10 $160,000 $16,000
    Over 8% 1 $25,000 $25,000

    During 2020, Midwestone Bank's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,413 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,214 $174,130,000 $143,435 $1,766 3.15%
    $100,000 or less 1,179 $64,525,000 $54,729 $1,493 3.31%
    $200k-400k 904 $242,460,000 $268,208 $1,921 3.11%
    $400k-600k 177 $82,555,000 $466,412 $2,667 3.15%
    $1MM+ 30 $83,680,000 $2,789,333 $14,576 3.59%
    $600k-1MM 29 $21,125,000 $728,448 $8,495 3.73%

    2020 saw Midwestone Bank place emphasis on $100k-200k loans with 1,214 originations, totaling $174,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 762 $137,720,000 $180,735 $1,880 3.15%
    $50k-75k 718 $91,530,000 $127,479 $1,754 3.14%
    $75k-100k 576 $87,560,000 $152,014 $1,863 3.14%
    $50k or less 511 $50,805,000 $99,423 $1,766 3.28%
    $150k-250k 427 $99,505,000 $233,033 $2,262 3.11%
    $250k+ 232 $84,350,000 $363,578 $3,299 3.17%

    Midwestone Bank lent most frequently to those with incomes in the $100k-150k range, with 762 originations. The second most popular income band? $50k-75k, with 718 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 976 $165,240,000 $169,303 $1,920 3.07%
    <20% 751 $114,685,000 $152,710 $1,897 3.13%
    30-36% 625 $100,955,000 $161,528 $1,886 3.15%
    42% 97 $19,525,000 $201,289 $1,918 3.09%
    40% 95 $16,855,000 $177,421 $1,818 3.23%
    37% 91 $13,295,000 $146,099 $2,009 3.24%
    39% 90 $14,050,000 $156,111 $2,009 3.05%
    41% 90 $14,780,000 $164,222 $2,169 3.43%
    38% 88 $15,080,000 $171,364 $2,254 3.17%
    36% 87 $15,535,000 $178,563 $1,884 3.18%
    44% 84 $18,000,000 $214,286 $2,157 3.13%
    43% 72 $14,220,000 $197,500 $1,765 3.17%
    45% 51 $13,545,000 $265,588 $2,329 3.11%
    46% 38 $7,100,000 $186,842 $1,765 3.32%
    48% 27 $4,965,000 $183,889 $1,794 3.17%
    47% 26 $5,960,000 $229,231 $2,390 3.12%
    49% 22 $4,770,000 $216,818 $1,927 2.93%
    50-60% 22 $4,580,000 $208,182 $2,067 3.85%
    >60% 15 $4,345,000 $289,667 $3,302 4.07%

    Midwestone Bank lent most frequently to those with DTI ratios of 20-30%, with 976 originations. The next most common DTI ratio? <20%, with 751 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,971 $517,285,000 $174,111 $1,928 3.15%
    Not applicable 130 $88,960,000 $684,308 $0 4.24%
    Not provided 355 $44,075,000 $124,155 $2,233 3.23%
    Asian 44 $11,210,000 $254,773 $2,308 3.09%
    Black 20 $3,580,000 $179,000 $2,028 3.14%
    American Indian 7 $1,805,000 $257,857 $1,942 3.13%
    Native Hawaiian or Islander 4 $1,110,000 $277,500 $12,667 3.34%
    Other Asian 1 $245,000 $245,000 $1,474 3.00%
    Asian Indian 1 $205,000 $205,000 $2,323 2.50%

    Approval Rates

    Total approvals of all applications
    91.37%

    Midwestone Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Midwestone Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,533 $668,475,000 $189,209

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,140,000 $570,000
    Multifamily:Site-Built 51 $78,745,000 $1,544,020
    Single Family (1-4 Units):Manufactured 8 $730,000 $91,250
    Single Family (1-4 Units):Site-Built 3,472 $587,860,000 $169,315

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 625 $67,245,000 $107,592 $1,578 3.19%
    40-60% 620 $127,950,000 $206,371 $1,727 3.12%
    60-80% 1,193 $313,755,000 $262,997 $1,957 3.17%
    80-100% 632 $137,720,000 $217,911 $2,256 3.19%
    Over 100% 1 $285,000 $285,000 $6,243 3.38%
    Under 20% 461 $21,475,000 $46,584 $686 3.41%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    Midwest Loan Services, Inc. Conventional home mortgage Incorrect information on your report 1 16.7%
    Midwest Loan Services, Inc. Conventional home mortgage Struggling to pay mortgage 1 16.7%
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 33.3%

    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 $54,129
    Midwestone Bank 1001 U.S. Highway 57 Parkersburg, IA 50665 Full Service B&M $40,618
    Midwestone Bank 10030 Highway 149 North English, IA 52316 Full Service B&M $38,618
    Midwestone Bank 102 South Clinton Street Iowa City, IA 52240 Full Service B&M $572,014
    Midwestone Bank 1055 Lincoln Avenue Fennimore, WI 53809 Full Service B&M $38,543
    Midwestone Bank 110 First Avenue Coralville, IA 52241 Full Service B&M $88,692
    Midwestone Bank 11151 Lake Boulevard Chisago City, MN 55013 Full Service B&M $106,611
    Midwestone Bank 112 North Main Street Sigourney, IA 52591 Full Service B&M $63,516
    Midwestone Bank 120 West Center Conrad, IA 50621 Full Service B&M $56,168
    Midwestone Bank 124 S 1st Street Oskaloosa, IA 52577 Full Service B&M $235,006
    Midwestone Bank 130 Mcgregor Plaza Platteville, WI 53818 Full Service B&M $14,780
    Midwestone Bank 1422 9th Street Southeast Dyersville, IA 52040 Full Service B&M $16,577
    Midwestone Bank 1650 South Lake Street Forest Lake, MN 55025 Full Service B&M $111,140
    Midwestone Bank 18233 Carson Court Nw Elk River, MN 55330 Full Service B&M $51,731
    Midwestone Bank 1899 Wynkoop Street, Suite 100 Denver, CO 80202 Full Service B&M $94,759
    Midwestone Bank 1906 Keokuk St Iowa City, IA 52240 Full Service B&M $59,516
    Midwestone Bank 202 Main St. Melbourne, IA 50162 Full Service B&M $35,265
    Midwestone Bank 2104 Hastings Avenue Newport, MN 55055 Full Service B&M $32,529
    Midwestone Bank 2120 Hennepin Avenue South Minneapolis, MN 55405 Full Service B&M $26,382
    Midwestone Bank 2183 Us Highway 8 East Saint Croix Falls, WI 54024 Full Service B&M $59,428
    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 $76,086
    Midwestone Bank 2270 Frontage Road Stillwater, MN 55082 Full Service B&M $149,683
    Midwestone Bank 235 North Madison Street Lancaster, WI 53813 Full Service B&M $29,454
    Midwestone Bank 2408 West Burlington Avenue Fairfield, IA 52556 Full Service B&M $20,428
    Midwestone Bank 2600 Rockdale Road Dubuque, IA 52001 Full Service B&M $34,536
    Midwestone Bank 280 John F. Kennedy Road Dubuque, IA 52001 Full Service B&M $133,234
    Midwestone Bank 301 First Avenue, East Dyersville, IA 52040 Full Service B&M $84,890
    Midwestone Bank 304 Cascade Street North Osceola, WI 54020 Full Service B&M $117,850
    Midwestone Bank 305 West Rainbow Drive West Liberty, IA 52776 Full Service B&M $58,006
    Midwestone Bank 3110 Kimball Avenue Waterloo, IA 50702 Full Service B&M $10,785
    Midwestone Bank 3225 Division St Burlington, IA 52601 Full Service B&M $115,827
    Midwestone Bank 3250 Jackson Street Dubuque, IA 52001 Full Service B&M $25,738
    Midwestone Bank 3585 124th Avenue Northwest Coon Rapids, MN 55433 Full Service B&M $82,728
    Midwestone Bank 3670 East County Line White Bear Lake, MN 55110 Full Service B&M $60,028
    Midwestone Bank 400 First Street South Farley, IA 52046 Full Service B&M $30,788
    Midwestone Bank 404 Country Road Uu Hudson, WI 54016 Full Service B&M $75,675
    Midwestone Bank 4099 Tamiami Trail North Naples, FL 34103 Full Service B&M $78,068
    Midwestone Bank 4510 Prairie Pkwy Cedar Falls, IA 50613 Full Service B&M $54,170
    Midwestone Bank 465 Hwy 965 Ne, Suite A North Liberty, IA 52317 Full Service B&M $44,254
    Midwestone Bank 4730 Asbury Road Dubuque, IA 52001 Full Service B&M $74,407
    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 $59,811
    Midwestone Bank 6640 Shady Oak Road Eden Prairie, MN 55344 Full Service B&M $75,074
    Midwestone Bank 700 Main Street Pella, IA 50219 Full Service B&M $67,142
    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 $43,023
    Midwestone Bank 7204 University Ave Windsor Heights, IA 50324 Full Service B&M $4,499
    Midwestone Bank 750 Central Ave. E, Ste. 100 Saint Michael, MN 55376 Full Service B&M $61,802
    Midwestone Bank 802 13th St Belle Plaine, IA 52208 Full Service B&M $52,554
    Midwestone Bank 8690 Gladiolus Drive Fort Myers, FL 33908 Full Service B&M $54,665
    Midwestone Bank 895 Main Street Dubuque, IA 52001 Full Service B&M $399,373
    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 $42,409
    Midwestone Bank 930 Southview Boulevard South Saint Paul, MN 55075 Full Service B&M $79,202
    Midwestone Bank 9350 University Avenue West Des Moines, IA 50266 Full Service B&M $56,959
    Midwestone Bank 945 Winnetka Avenue North Golden Valley, MN 55427 Full Service B&M $125,826

    For 2020, Midwestone Bank had 58 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $185,411
    Net interest income $158,018
    Total noninterest income $40,504
    Gross Fiduciary activities income $6,393
    Service charges on deposit accounts $3,915
    Trading account gains and fees $2,998
    Additional Noninterest Income $27,198
    Pre-tax net operating income $20,202
    Securities gains (or losses, -) $238
    Income before extraordinary items $12,246
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,246
    Minority interest net income $0
    Net income $12,246
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,057

    Midwestone Bank's gross interest income from loans was $185,411,000.
    Midwestone Bank's net interest income from loans was $158,018,000.
    Midwestone Bank's fee based income from loans was $3,915,000.
    Midwestone Bank's net income from loans was $12,246,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $27,393
    Provision for credit losses $28,369
    Total noninterest expense $149,951
    Salaries and employee benefits $64,723
    Premises and equipment expense $16,769
    Additional noninterest expense $68,459
    Applicable income taxes $8,194
    Net charge-offs $5,265
    Cash dividends $3,500

    Midwestone Bank's interest expense for loans was $27,393,000.
    Midwestone Bank's payroll and benefits expense were $64,723,000.
    Midwestone Bank's property, plant and equipment expenses $16,769,000.

    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 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 0.2%
    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 $4,571,903
    Deposits held in domestic offices $4,571,903
    Deposits by Individuals, partnerships, and corporations $4,002,818
    Deposits by U.S. Government $11
    Deposits by States and political subdivisions in the U.S. $567,874
    Deposits by Commercial banks and other depository institutions in U.S. $1,200
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,265,746
    Demand deposits $1,187,090
    Nontransaction accounts $2,306,157
    Money market deposit accounts (MMDAs) $940,059
    Other savings deposits (excluding MMDAs) $529,751
    Total time deposits $836,348
    Total time and savings deposits $3,384,813
    Noninterest-bearing deposits $914,105
    Interest-bearing deposits $3,657,798
    Retail deposits $4,315,950
    IRAs and Keogh plan accounts $117,825
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,549,659
    Cash & Balances due from depository institutions $82,264
    Interest-bearing balances $17,409
    Total securities $1,659,908
    Federal funds sold & reverse repurchase $172
    Net loans and leases $3,486,679
    Loan and leases loss allowance $55,500
    Trading account assets $10,872
    Bank premises and fixed assets $89,543
    Other real estate owned $3,414
    Goodwill and other intangibles $92,856
    All other assets $123,951

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,549,659
    Total Liabilities $4,948,192
    Total deposits $4,571,903
    Interest-bearing deposits $3,657,798
    Deposits held in domestic offices $4,571,903
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $174,289
    Trading liabilities $10,921
    Other borrowed funds $153,377
    Subordinated debt $0
    All other liabilities $37,702

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,486,679
    Loan and leases loss allowance $55,500
    Total loans and leases (domestic) $3,542,179
    All real estate loans $2,291,422
    Real estate loans in domestic offices $2,291,422
    Construction and development loans $181,290
    Residential 1-4 family construction $48,972
    Other construction, all land development and other land $132,318
    Loans secured by nonfarm nonresidential properties $1,149,575
    Nonfarm nonresidential secured by owner-occupied properties $499,841
    Commercial real estate & other non-farm, non-residential $649,734
    Multifamily residential real estate $256,525
    1-4 family residential loans $559,062
    Farmland loans $144,970
    Loans held in foreign offices $0
    Farm loans $116,392
    Commercial and industrial loans $749,548
    To non-U.S. addressees $0
    Loans to individuals $66,920
    Credit card loans $4,078
    Related Plans $3,210
    Consumer Auto Loans $22,350
    Other loans to individuals $37,282
    All other loans & leases $317,897
    Loans to foreign governments and official institutions $0
    Other loans $32,531
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,617
    Loans secured by real estate to non-U.S. addressees $1,176
    Restructured Loans & leases $2,585
    Non 1-4 family restructured loans & leases $1,776
    Total loans and leases (foreign) $0

    MidWestOne Bank had $3,486,679,000 of loans outstanding in 2020. $2,291,422,000 of loans were in real estate loans. $181,290,000 of loans were in development loans. $256,525,000 of loans were in multifamily mortgage loans. $559,062,000 of loans were in 1-4 family mortgage loans. $116,392,000 of loans were in farm loans. $4,078,000 of loans were in credit card loans. $22,350,000 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 1,266 $319,724 $252,547
    Nonfarm, nonresidential loans - <$100k 244 $24,136 $98,918
    Nonfarm, nonresidential loans - $100-250k 412 $47,589 $115,507
    Nonfarm, nonresidential loans - $250k-1MM 610 $247,999 $406,556
    Commercial & Industrial, US addressed loans - <$1MM 5,182 $381,616 $73,643
    Commercial & Industrial, US addressed loans - <$100k 3,624 $95,211 $26,272
    Commercial & Industrial, US addressed loans - $100-250k 876 $93,029 $106,197
    Commercial & Industrial, US addressed loans - $250k-1MM 682 $193,376 $283,543
    Farmland loans - <$1MM 544 $63,501 $116,730
    Farmland loans - <$100k 123 $4,696 $38,179
    Farmland loans - $100-250k 236 $24,701 $104,665
    Farmland loans - $250k-1MM 185 $34,104 $184,346
    Agriculture operations loans - <$1MM 1,305 $71,566 $54,840
    Agriculture operations loans - <$100k 963 $27,454 $28,509
    Agriculture operations loans - $100-250k 243 $23,860 $98,189
    Agriculture operations loans - $250k-1MM 99 $20,252 $204,566