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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of report (Date of earliest event reported): February 23, 2004


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                          First Midwest Financial, Inc.
             (Exact name of registrant as specified in its charter)


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         Delaware                         0-22140                 2-1406262
(State or other jurisdiction of      (Commission File)      (IRS Employer
incorporation or organization)           Number              Identification No.)

                       Fifth at Erie, Storm Lake, IA 50588
               (Address of principal executive offices)(Zip Code)


       Registrant's telephone number, including area code: (712) 732-4117

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                                TABLE OF CONTENTS

Item 5. Other Events.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

Signatures

Exhibit Index

Exhibit 99.1








Item 5. Other Events.

        On February 23, 2004, the Registrant issued the attached press release
        announcing the declaration of a cash dividend for the second quarter
        of its fiscal year 2004.

Item 7. Financial Statements, Pro Forma Financial Information and

Exhibits.

        (c)  Exhibits.
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        The following Exhibits are being furnished herewith:

        99.1     Registrant's Press Release dated February 23, 2004.










                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                     FIRST MIDWEST FINANCIAL, INC.

                             By:     /s/ Ronald J. Walters
                                     -------------------------------------------
                                     Ronald J. Walters
                                     Senior Vice President, Secretary, Treasurer
                                     and Chief Financial Officer

Dated:  February 26, 2004






                                  Exhibit Index
                                  -------------

Exhibit
Number                        Description of Exhibit
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99.1         Registrant's Press Release dated February 23, 2004.