Minnesota – Becker – Detroit Lakes
(NM) Commercial bank, state charter and Fed nonmember
active
www.midwestbank.net
Minnesota
Becker
Detroit Lakes
(NM) Commercial bank, state charter and Fed nonmember
active
9737
1917
FDIC Certificate Number: 9737
FDIC's unique number: 6227
The FDIC Field Office where an institution is physically located: Fargo
Federal Reserve ID Number: 806958
Report Date: 2011-06-30
Bank Charter Class: NM
Number of Domestic Offices: 7
Number of Foreign Offices: 0
The date of the last data update: 2006-11-03
1917-06-01 Institution established. Original name: Farmers State Bank Of Waubun, Incorporated.
1997-07-14 Changed name to Midwest Bank .
1998-06-01 Moved bank headquarters from Waubun, Minnesota to Detroit Lakes, Minnesota.
2006-02-13 Acquired Midwest Bank, National Association in Parkers Prairie, Minnesota.
Total assets: $277,800,000
Total deposits: $243,297,000
Deposits held in domestic offices: $243,297,000
Equity capital: $25,064,000
Net income: $3,075,000
Return on Assets: 2.27
Return on Equity: 24.74
Last updated on: 2011-10-20
Bank Holding Company: Midwest Bank Group, Inc.
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Profile ID: LFUS-BAB-P-21548