Coronavirus Update

With the increase in Covid cases throughout our communities we have made the hard decision to temporarily close our lobbies until further notice. Please utilize Online Banking, Mobile Banking, our Drive-Thru, or Video Tellers for day-to-day banking transactions. Or call 888.902.5662 to make an appointment. Learn more at bankmidwest.com/coronavirus/.

Dismiss alert

Financials (Report of Condition)

The following report is represents the financial position of Bank Midwest at the close of business on September 30, 2020.

ASSETS $ Amount in Thousands
Cash & balances due: Noninterest-bearing balances 12,113
Cash & balances due: Interest-bearing balances 113,324
Securities: Held-to-maturity securities 0
Securities: Available-for-sale securities 83,948
Securities: Equity securities with readily determinable fair values not held for trading 0
Federal funds sold 0
Securities purchased under agreements to resell 0
Loans and leases held for sale 17,587
Loans and leases held for investment 812,265
Less: Allowance for loan and lease losses 11,383
Loans and leases held for investment, net of allowance 800,882
Trading assets 0
Premises and fixed assets 21,946
Other real estate owned 0
Investments in unconsolidated subsidiaries and associated companies 0
Direct and indirect investments in real estate ventures 0
Intangible assets 6,965
Other assets 27,448
TOTAL ASSETS 1,084,213
LIABILITIES $ Amount in Thousands
Deposits: In domestic offices 977,058
Deposits: In domestic offices, noninterest-bearing 162,718
Deposits: In domestic offices, interest-bearing 814,340
Federal funds purchased 0
Securities sold under agreements to repurchase 0
Trading liabilities 0
Other borrowed money 0
Subordinated notes and debentures 0
Other liabilities 6,390
TOTAL LIABILITIES 983,448
EQUITY CAPITAL $ Amount in Thousands
BANK EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 2,100
Surplus 18,433
Retained earnings 77,652
Accumulated and other comprehensive income 2,580
Other equity capital components 0
Total bank equity capital 100,765
Noncontrolling (minority) interests in consolidated subsidiaries 0
Total equity capital 100,765
TOTAL LIABILITIES AND EQUITY CAPITAL 1,084,213