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

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