Headquartered in Detroit Lakes, Minnesota, Midwest Bank is a state-chartered bank with $984.5M in total assets and $788.5M in deposits as of Q2 2026. It operates 7 offices. Its charter dates back to 1917.
Based on its Q2 2026 filing, Midwest Bank scores 74/100, which we describe as strong. That is higher than 57% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 66th. Its strongest component is earnings (100/100; 2.52%), and its lowest is funding & liquidity (37/100; 112% loans-to-deposits, 27% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 3 points (77 → 74), mostly because the funding & liquidity component weakened by 7 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 77 |
| Q3 2024 | 78 |
| Q4 2024 | 79 |
| Q1 2025 | 79 |
| Q2 2025 | 77 |
| Q3 2025 | 79 |
| Q4 2025 | 77 |
| Q1 2026 | 77 |
| Q2 2026 | 74 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.19% |
| Q3 2024 | 10.23% |
| Q4 2024 | 10.32% |
| Q1 2025 | 10.57% |
| Q2 2025 | 10.26% |
| Q3 2025 | 10.35% |
| Q4 2025 | 10.25% |
| Q1 2026 | 10.36% |
| Q2 2026 | 9.84% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.05% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.01% |
| Q1 2025 | 0.02% |
| Q2 2025 | 0.02% |
| Q3 2025 | 0.01% |
| Q4 2025 | 0.02% |
| Q1 2026 | 0.05% |
| Q2 2026 | 0.05% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 2.27% |
| Q3 2024 | 2.34% |
| Q4 2024 | 2.31% |
| Q1 2025 | 2.02% |
| Q2 2025 | 2.04% |
| Q3 2025 | 2.15% |
| Q4 2025 | 2.17% |
| Q1 2026 | 2.47% |
| Q2 2026 | 2.52% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 74 | $984.5M | 9.84% | 0.05% | 2.52% | 111.9% |
| Q1 2026 | 77 | $915.5M | 10.36% | 0.05% | 2.47% | 107.1% |
| Q4 2025 | 77 | $892.8M | 10.25% | 0.02% | 2.17% | 105.3% |
| Q3 2025 | 79 | $846.7M | 10.35% | 0.01% | 2.15% | 104.1% |
| Q2 2025 | 77 | $839.4M | 10.26% | 0.02% | 2.04% | 103.8% |
| Q1 2025 | 79 | $801.4M | 10.57% | 0.02% | 2.02% | 101.0% |
| Q4 2024 | 79 | $812.6M | 10.32% | 0.01% | 2.31% | 95.8% |
| Q3 2024 | 78 | $787.2M | 10.23% | 0.00% | 2.34% | 99.9% |
| Q2 2024 | 77 | $771.0M | 10.19% | 0.05% | 2.27% | 102.6% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| United Prairie BankBank Mountain Lake, MN | 66 out of 100, Moderate | $939.3M | 9.7% | 0.66% | vs |
| Vermillion State BankBank Vermillion, MN | 90 out of 100, Very strong | $931.4M | 13.4% | 0.24% | vs |
| VersaBank USA National AssociationBank Holdingford, MN | 89 out of 100, Very strong | $911.9M | 22.5% | 0.10% | vs |
| 21st Century BankBank Loretto, MN | 70 out of 100, Strong | $894.8M | 10.7% | 0.19% | vs |
| Pioneer BankBank Mapleton, MN | 71 out of 100, Strong | $883.8M | 10.2% | 0.58% | vs |
| Falcon National BankBank Foley, MN | 62 out of 100, Moderate | $872.3M | 10.2% | 1.04% | vs |
Deposit insurance
Is my money safe at Midwest Bank?
Yes. Midwest Bank is an FDIC-insured institution (FDIC certificate #9737). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 26.6% of deposits ($209.5M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.84%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
7 locations
Branches
Midwest Bank lists 7 offices in 6 cities. Most locations:
- Detroit Lakes, MN (2)
- Barnesville, MN (1)
- Callaway, MN (1)
- Dalton, MN (1)
- Parkers Prairie, MN (1)
- Waubun, MN (1)
HMDA 2025
Mortgage lending
In 2025, Midwest Bank reported 187 home-loan applications under HMDA (LEI 254900WRP19TBSQG0Z89): 166 originated ($62,630,000 total), 4 denied, and 7 withdrawn or closed by the applicant. Its denial rate on decided applications was 2.2%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Midwest Bank
- Former names
- Farmers State Bank of Waubun, Incorporated
- Type
- State-chartered bank
- FDIC certificate #
- 9737
- RSSD ID
- 806958
- Primary regulator
- FDIC
- Holding company
- Midwest Bank Group Inc
- Established
- June 1, 1917
- Headquarters
- 613 Highway 10 E, Detroit Lakes, MN 56501
- Website
- www.midwestbank.net
- Employees
- 104
Quick answers
Midwest Bank: common questions
Is Midwest Bank FDIC insured?
Yes. Midwest Bank is an FDIC-insured institution (FDIC certificate #9737). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Midwest Bank's TellerScore?
74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Midwest Bank ever failed?
There is no failure record for FDIC certificate #9737 in the FDIC failed bank list.
How many branches does Midwest Bank have?
7 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Detroit Lakes
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Vergas State BankBank Vergas, MN | 93 out of 100, Very strong | $60.7M | 15.3% | 0.16% | vs |
| Northwestern Bank, National AssociationBank Dilworth, MN | 70 out of 100, Strong | $164.7M | 11.2% | 1.23% | vs |
| Minnesota National BankBank Sauk Centre, MN | 70 out of 100, Strong | $298.4M | 9.8% | 0.49% | vs |
| State Bank of Lake ParkBank Lake Park, MN | 69 out of 100, Moderate | $47.0M | 11.0% | 1.52% | vs |
| Magnifi Financial Credit UnionCredit union Melrose, MN | 68 out of 100, Moderate | $2.8B | 11.0% | 0.21% | vs |
| Deerwood BankBank Waite Park, MN | 68 out of 100, Moderate | $1.5B | 8.1% | 0.29% | vs |