SBA lender record

Bank Midwest

1800 Royal Ave, Spirit Lake, IA, 51360. The complete public SBA 7(a) lending record (FY2020–24) — every business Bank Midwest financed, every failed deal, the branches, and the FDIC profile.

$11.6M

Total SBA financing

Loans on record

Businesses financed

Failure rate (FY20–23)

● branch locations (FDIC)

FDIC profile

Total assets: $1.3B
Deposits: $1.1B
Loans outstanding: $1.0B
Net income: $3.3M
Return on assets: 0.9973067765014656%
Return on equity: 10.23%
Total equity: $131.2M
Offices: 11
Founded: 01/0
Headquarters: 1800 Royal Ave, Spirit Lake, IA, 51360
FDIC cert: 5170
Website: bankmidwest.com

FDIC call-report data, quarter ending 03/2026.

11 branches

Bank MidwestMain office1800 Royal Ave, Spirit Lake, IA, 51360· since 1887
Wall Lake Branch102 W 2nd St, Wall Lake, IA, 51466· since 1880
Windom Branch245 9th St, Windom, MN, 56101· since 1902
Jackson Branch509 3rd St, Jackson, MN, 56143· since 1907
New Ulm Branch525 Center St, New Ulm, MN, 56073· since 1923
Okoboji Branch1102 Sanborn Ave, Okoboji, IA, 51355· since 1927
Sherburn Branch33 N Main St, Sherburn, MN, 56171· since 1930
Westbrook Branch640 1st Ave, Westbrook, MN, 56183· since 1946
Armstrong Branch500 6th St, Armstrong, IA, 50514· since 1993
Fairmont Branch301 S State St, Fairmont, MN, 56031· since 2008
Sioux Falls Branch225 S Minnesota Ave, Sioux Falls, SD, 57104· since 2016

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Businesses Bank Midwest financed

21 businesses on record. Each links to its full SBA record.

Most active in: IA (11), MN (11), SD (3).

Agent summary

This page summarizes Bank Midwest's public SBA 7(a) lending record (FY2020–24) — every business it financed, failed deals, branches, and FDIC profile — built by CapBench SBA Intelligence. CapBench is not a lender.

25 SBA 7(a) loans totaling $11.6M
21 businesses financed
0% failure rate (FY20–23)
FDIC total assets $1.3B
11 FDIC branch locations

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/bank-midwest
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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