Bank · FDIC insured
Midwest Bank
Top CarrotA $984.5M bank headquartered in Detroit Lakes, MN, with 7 branches in Minnesota. Best rates: CDs 4.50% and savings 2.00% APY.
Midwest Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 95% of U.S. banks and credit unions
#2 of 7 in Detroit Lakes, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Midwest Bank
Midwest Bank is a locally owned, community focused bank committed to building lasting relationships with its customers and employees.
- Headquarters
- 613 Highway 10 E, Detroit Lakes, MN 56501
- FDIC certificate
- 9737 ↗
Branches
7 branches in Minnesota
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Minnesota
7 branches
Detroit Lakes area · 3
- Midwest BankMain office613 Highway 10 E, Detroit Lakes, MN 56501Directions
- Callaway Branch421 Main Avenue, Callaway, MN 56521Directions
- Detroit Lakes West Branch1255 Highway 10 W, Detroit Lakes, MN 56501Directions
Fergus Falls area · 2
- Dalton Branch108 W Main St, Dalton, MN 56324Directions
- Parkers Prairie Branch105 E Soo St, Parkers Prairie, MN 56361Directions
Fargo area · 1
- Barnesville Branch215 Front Street South, Barnesville, MN 56514Directions
Waubun area · 1
- Waubun Branch1211 1st St, Waubun, MN 56589Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.84% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.05% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 2.52% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $113 | $81 | — |
- CapitalLeverage ratio9.84%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.05%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets2.52%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$113Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Midwest Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.