Coronavirus Update: Banks are essential services and will remain available to help

Please understand that banking is an essential service -- and we will continue to be available to help you even when states or localities issue stay-at-home guidance. As a measure to slow the spread of the coronavirus, our drive-up service has replaced lobby service. Lobbies will continue to remain closed to walk-in visitors without an appointment. Find additional information at bankmidwest.com/coronavirus/.

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Financials (Report of Condition)

The following report is represents the financial position of Bank Midwest at the close of business on December 31, 2019.

ASSETS $ Amount in Thousands
Cash & balances due: Noninterest-bearing balances 26,227
Cash & balances due: Interest-bearing balances 5,942
Securities: Held-to-maturity securities 0
Securities: Available-for-sale securities 106,228
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 4,126
Loans and leases held for investment 758,113
Less: Allowance for loan and lease losses 9,582
Loans and leases held for investment, net of allowance 748,531
Trading assets 0
Premises and fixed assets 22,717
Other real estate owned 0
Investments in unconsolidated subsidiaries and associated companies 0
Direct and indirect investments in real estate ventures 0
Intangible assets 7,070
Other assets 27,931
TOTAL ASSETS 948,772
LIABILITIES $ Amount in Thousands
Deposits: In domestic offices 829,007
Deposits: In domestic offices, noninterest-bearing 149,567
Deposits: In domestic offices, interest-bearing 679,440
Federal funds purchased 13,905
Securities sold under agreements to repurchase 0
Trading liabilities 0
Other borrowed money 8,000
Subordinated notes and debentures 0
Other liabilities 6,947
TOTAL LIABILITIES 857,859
EQUITY CAPITAL $ Amount in Thousands
BANK EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 2,100
Surplus 18,433
Retained earnings 69,515
Accumulated and other comprehensive income 865
Other equity capital components 0
Total bank equity capital 90,913
Noncontrolling (minority) interests in consolidated subsidiaries 0
Total equity capital 90,913
TOTAL LIABILITIES AND EQUITY CAPITAL 948,772