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

Jump to:

  • 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, Pella, and Madison among others. We have data for 57 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% 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

    3,061

    Origination Dollar Volume (All Markets)

    $704,825,000

    Employee count

    731 Show all (5) 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) 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.

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

    Bank
    Similarity Rank: 82
    Heartland Credit Union (Madison)
    Similarity Rank: 84
    ASCENTRA
    Similarity Rank: 91
    Mound City Bank
    Similarity Rank: 105
    Royal Bank
    Similarity Rank: 112
    VisionBank of Iowa
    Similarity Rank: 187
    BankIowa of Cedar Rapids
    Similarity Rank: 195
    GREATER IOWA CREDIT UNION
    Similarity Rank: 252
    FIRST
    Similarity Rank: 308
    Fidelity Bank
    Similarity Rank: 336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,944 $598,880,000 $308,066 $2,071 2.95%
    HELOC 1,108 $104,880,000 $94,657 n/a 3.21%
    USDA 9 $1,065,000 $118,333 $3,352 3.22%

    For 2021, Midwestone Bank's most frequently originated type of loan was Conventional, with 1,944 originations. Their 2nd most popular type was HELOC, with 1,108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Midwestone Bank's most frequently cited loan purpose was Refi, with 1,230 originations. The 2nd most popular reason was 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 2021, Midwestone Bank's most frequently cited loan duration was 10 Year, with 1,216 originations. The 2nd most popular length was 30 Year, with 995 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,330 $255,230,000 $191,902
    $1k-2k 278 $69,270,000 $249,173
    $2k-3k 39 $9,355,000 $239,872
    $3k-4k 34 $9,940,000 $292,353
    $5k+ 19 $15,925,000 $838,158
    $4k-5k 12 $5,470,000 $455,833

    Midwestone Bank's average total fees were $2,336, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    89.74%

    Midwestone Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.93%

    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 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 130 Mcgregor Plaza Platteville, WI 53818 Full Service B&M $15,560
    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
    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 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 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

    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