Commercial Banker Salary at Midwestone Bank BETA

How much does a Midwestone Bank Commercial Banker make?

As of April 2025, the average annual salary for a Commercial Banker at Midwestone Bank is $53,126, which translates to approximately $26 per hour. Salaries for Commercial Banker at Midwestone Bank typically range from $47,094 to $58,807, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

MidWestOne Bank Overview

Website:
midwestone.bank
Size:
500 - 1,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

MidWestOne Financial Group, founded in 1934, is a financial holding company headquartered in Iowa City, Iowa. MidWestOne Financial is the parent company of MidWestOne Bank, which operates in Iowa, Minnesota, Wisconsin, Florida, and Colorado.

See similar companies related to Midwestone Bank

What Skills Does a person Need at Midwestone Bank?

At Midwestone Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  2. Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  5. Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.

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Check more jobs information at Midwestone Bank

Job Title Average Midwestone Bank Salary Hourly Rate
2 Banker $92,282 $44
3 Business Services Specialist $34,802 $17
4 Commercial Loan Processor $46,946 $23
5 Compliance Auditor $57,933 $28
6 Corporate Accountant $56,359 $27
7 Customer Service Associate $39,414 $19
8 HR Officer $86,127 $41
9 Learning Development Officer $54,513 $26
10 Loan Review Officer $62,921 $30
11 Market President $206,456 $99
12 Mortgage Loan Processor $40,039 $19
13 Personal Banker Associate $92,282 $44

Hourly Pay at Midwestone Bank

The average hourly pay at Midwestone Bank for a Commercial Banker is $26 per hour. The location, department, and job description all have an impact on the typical compensation for Midwestone Bank positions. The pay range and total remuneration for the job title are shown in the table below. Midwestone Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $53,126 look to you?

FAQ about Salary and Jobs at Midwestone Bank

1. How much does Midwestone Bank pay per hour?
The average hourly pay is $26. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Midwestone Bank?
According to the data, the highest approximate salary is about $58,807 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Midwestone Bank?
According to the data, the lowest estimated salary is about $47,094 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.