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BankSonar

Bank Midwest

Spirit Lake, IA · State member commercial bank

59

Sonar Score

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out of 100 · from public FDIC data

Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.

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Key figures

Total assets
$1.3B
Total deposits
$1.1B
Branches
11
Return on assets
1.00%
Return on equity
10.23%
Charter type
State member commercial bank
Established
1887
FDIC cert #
5170

How the 59 breaks down

Capital adequacyweight 40%

Capital ratio not reported.

Profitability (ROA)weight 30%

Modest but positive returns.

Return on equityweight 15%

Efficient use of shareholder capital.

Scale & stabilityweight 15%

Mid-size institution.

Read the full Sonar Score methodology →

Your deposits at Bank Midwest

Bank Midwest is an FDIC-insured institution (Cert #5170). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →

11 branch locations

640 1st Ave

Westbrook, MN 56183

500 6th St

Armstrong, IA 50514

525 Center St

New Ulm, MN 56073

509 3rd St

Jackson, MN 56143

1800 Royal Ave

Spirit Lake, IA 51360

301 S State St

Fairmont, MN 56031

102 W 2nd St

Wall Lake, IA 51466

33 N Main St

Sherburn, MN 56171

225 S Minnesota Ave

Sioux Falls, SD 57104

245 9th St

Windom, MN 56101

1102 Sanborn Ave

Okoboji, IA 51355

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