MidWestOne Bank in Iowa City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


MidWestOne Bank - Overview

  • General
  • FDIC Certificate #: 14843
    Status: Active
    Federal Reserve ID: 836843
    Bank Holding Company (Regulatory Top Holder): Midwestone Financial Group, Inc. (RSSDID: 1245228, Location: Iowa City, IA)
    Date Established: October 15, 1934
    WWW: http://www.midwestone.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 27 (Domestic: 27, Interstate: No)
    OTS Docket #: 10044
    FDIC's unique #: 9290
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1934
    Last Structure Change Effective Date: September 03, 2008
    Last Structure Change Process Date: September 04, 2008
    Last Data Update: September 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 South Clinton Street, Iowa City, IA 52240
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Iowa City, IA (#3500)
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $1,676.4 mil
    Equity capital: $152.3 mil
    Deposits held in domestic offices: $1,308.1 mil
    Return on assets (ROA): 0.95% ($15.9 mil)
    Quarterly return on assets: 0.93% ($15.6 mil)
    Return on Equity (ROE): 9.99% ($15.2 mil)
    Quarterly return on equity: 10.03% ($15.2 mil)
    Net income: $15.4 mil
    Quarterly Net income: $3.8 mil
    Pretax return on assets: 1.31% ($21,961.4 mil)
    Quarterly Pretax return on assets: 1.23% ($20,620.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 370Total employees (full-time equivalent)
  • $1,676,440Total assets
  • $32,316Cash and due from depository institutions
  • $4,161Interest-bearing balances
  • $534,685Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,010,542Net loans & leases
  • $17,810Loan loss allowance
  • $0Trading account assets
  • $25,951Bank premises and fixed assets
  • $4,033Other real estate owned
  • $10,782Goodwill and other intangibles
  • $1,676,440Life insurance assets
  • $58,131All other assets
  • $1,524,176Total liabilities and capital
  • $1,308,061Total liabilities
  • $1,145,838Total deposits
  • $1,308,061Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 57207.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $140,710Trading liabilities
  • $0Other borrowed funds
  • $18,198Subordinated debt
  • $152,264All other liabilities
  • $152,264Total equity capital
  • $152,264Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $120,298Surplus
  • $30,966Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,955Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,035Income earned, not collected on loans
  • $441Earning assets
  • $10,422Long-term assets (5+ years)
  • $1,549,388Average Assets, year-to-date
  • $395,454Average Assets, quarterly
  • $1,615,672Volatile liabilities
  • $1,645,425Insider loans
  • $1,257,723FHLB advances
  • $1,631,530Loans and leases held for sale
  • $23,628Unused loan commitments
  • $20,835Tier 1 (core) risk-based capital
  • $139,292Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,793Total unused commitments
  • $244,989Restructured Loans and leases
  • $20,861Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $74,160Total interest income
  • $19,140Total interest expense
  • $55,020Net interest income
  • $6,711Provision for loan and lease losses
  • $12,531Total noninterest income
  • $1,842Fiduciary activities
  • $3,702Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,987Additional noninterest income
  • $40,235Total noninterest expense
  • $21,867Salaries and employee benefits
  • $6,368Premises and equipment expense
  • $12,000Additional noninterest expense
  • $20,605Pre-tax net operating income
  • $490Securities gains (losses)
  • $5,690Applicable income taxes
  • $15,405Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,405Net income attributable to bank
  • $0Net charge-offs
  • $15,405Cash dividends
  • $6,202Sale, conversion, retirement of capital stock, net
  • $18,563Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.99%Return on equity (ROE)
  • -2.05%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 108.21%Credit loss provision to net charge-offs
  • 4.40%Efficiency ratio
  • 58,467Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 120.50%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 84.67%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 77.25%Net loans and leases to core deposits
  • 89.08%Equity capital to assets
  • 9.08%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 11.07%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,615,672Average earning assets
  • $154,258Average equity
  • $1,495,439Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $276,447Managed Assets
  • 1Number of Accounts
  • $234,608Personal trust and agency accounts
  • $126,992Employee benefit-defined contribution accounts
  • $198Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $26,051Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $69,309Other fiduciary accounts
  • $12,058Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 787Number of Accounts
  • $0Personal trust and agency accounts
  • $26,051Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $41,839Other retirement accounts
  • $6,090Corporate trust and agency accounts
  • $1,274Other fiduciary accounts
  • $8,358Fiduciary accounts held in foreign offices

List of branches

  • 26 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09290Midwestone Bank102 South Clinton Street, Iowa City, IA 52240October 15, 1934Full Service Brick and Mortar
    1232262Clinton St Drive-Up Branch 51325 S. Clinton Street, Iowa City, IA 52240December 14, 1959Limited Service Facility
    2232263Keokuk St - Branch 531906 Keokuk St, Iowa City, IA 52240January 25, 1969Full Service Brick and Mortar
    3232264Coralville - Branch 54110 First Avenue, Coralville, IA 52241Febuary 01, 1978Full Service Brick and Mortar
    6232265Rochester Avenue - Branch 552233 Rochester Avenue, Iowa City, IA 52245December 22, 1983Full Service Brick and Mortar
    8361385North Liberty - Branch 56465 Hwy 965 Ne, Suite A, North Liberty, IA 52317May 29, 2001Full Service Brick and Mortar
    9433484West Liberty - Branch 57305 West Rainbow Drive, West Liberty, IA 52776December 08, 2004Full Service Brick and Mortar
    11441989Oaknoll Branch701 Oaknoll Road, Iowa City, IA 52246April 21, 2005Limited Service Mobile
    129238Conrad - Branch 31120 West Center, Conrad, IA 50621September 24, 1934Full Service Brick and Mortar
    135145Melbourne - Branch 32202 Main St., Melbourne, IA 50162January 01, 1905Full Service Brick and Mortar
    14278076Parkersburg - Branch 331001 U.S. Highway 57, Parkersburg, IA 50665January 01, 1890Full Service Brick and Mortar
    158864Oskaloosa - Branch 01124 S 1st Street, Oskaloosa, IA 52577January 01, 1934Full Service Brick and Mortar
    16231156Oskaloosa Motor Bank - Branch 03222 First Avenue East, Oskaloosa, IA 52577April 08, 1967Limited Service Facility
    178898North English - Branch 210030 Highway 149, North English, IA 52316January 01, 1897Full Service Brick and Mortar
    20237743Belle Plaine - Branch 34802 13th St, Belle Plaine, IA 52208November 22, 1976Full Service Brick and Mortar
    22237745Waterloo - Branch 363110 Kimball Avenue, Waterloo, IA 50702November 03, 1997Full Service Brick and Mortar
    2341329Burlington - Branch 583225 Division St, Burlington, IA 52601January 01, 1919Full Service Brick and Mortar
    26267940Fort Madison - Branch 61926 Avenue G, Fort Madison, IA 52627January 01, 1919Full Service Brick and Mortar
    2754777Ottumwa - Branch 9116 West Main Street, Ottumwa, IA 52501June 24, 1994Full Service Brick and Mortar
    2841477Fairfield 1 - Branch 1058 East Burlington, Fairfield, IA 52556January 01, 1919Full Service Brick and Mortar
    297708Sigourney - Branch 11112 North Main Street, Sigourney, IA 52591January 01, 1870Full Service Brick and Mortar
    30290216Fairfield West - Branch 122408 West Burlington Avenue, Fairfield, IA 52556December 11, 1995Full Service Brick and Mortar
    3160764Pella 1 Main St - Branch 07700 Main Street, Pella, IA 50219December 08, 1997Full Service Brick and Mortar
    32359885Pella - Branch 13500 Oskaloosa Street, Pella, IA 50219January 29, 2001Full Service Brick and Mortar
    33447343Davenport - Branch 60101 W 2nd St., Davenport, IA 52801January 23, 2006Full Service Brick and Mortar
    34470110Cedar Falls - Branch 374510 Prairie Pkwy, Cedar Falls, IA 50613January 09, 2008Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with MidWestOne Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents