Central Bank of the Midwest

609 North 291 Highway
Lees Summit, MO 64086

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26247
Date Established 1985
Assets $1.76 billion
Loans $1.20 billion
Deposits $1.43 billion
Capital $0.25 billion

Central Bank of the Midwest is an FDIC insured institution located in Lees Summit, MO. It was founded in 1985 and has approximately $1.76 billion in assets. Customers can open an account at one of its 37 branches.

For a more detailed analysis of Central Bank of the Midwest's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Central Bank of the Midwest’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in Missouri, Central Bank of the Midwest has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.95
Multifamily
Mortgages
4.33
Credit Card Loans 0.79
Consumer Auto Loans 8.79
Small Business Loans 7.23
Construction and Development Loans 5.82
Commercial Real Estate 42.58
Commercial and Industrial Loans 15.40
Farm Loans 0.37

Deposit Rates - April 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.07% $1,000 $24,999 Learn MoreShow Less
Money Market
0.07% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.30% $1,000 - Learn MoreShow Less
12 Mo CD
0.40% $1,000 - Learn MoreShow Less
18 Mo CD
0.50% $1,000 - Learn MoreShow Less
24 Mo CD
0.60% $1,000 - Learn MoreShow Less
36 Mo CD
0.65% $1,000 - Learn MoreShow Less
48 Mo CD
0.80% $1,000 - Learn MoreShow Less
60 Mo CD
1.00% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $100 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1,000 - Learn MoreShow Less

Loan Rates - April 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Central Bank of the Midwest

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
BestRateUSA
NMLS ID: 134407
License#: MC-5378
4.250% 4.250% 0.00 $0 $1,230 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Central Bank of the Midwest
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Branches

Central Bank of the Midwest branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Central Bank of the Midwest Locations


Financial Details

Central Bank of the Midwest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central Bank of the Midwest. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Central Bank of the Midwest U.S. Bank Average
3.86% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Central Bank of the Midwest had $5,412,000 in non-current loans and $4,960,000 in owned real estate. To cover these potential losses it had $250,594,000 in equity and $18,083,000 in loans loss reserves. That gives it a Texas Ratio of 3.86%.

Return on Equity
Central Bank of the Midwest U.S. Bank Average
9.15% 8.80%

Central Bank of the Midwest has a Return on Equity of 9.15% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Central Bank of the Midwest U.S. Bank Average
14.23% 12.29%

Central Bank of the Midwest has a Capitalization of 14.23% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Central Bank of the Midwest Balance Sheet Analysis

As of December 31, 2018, Central Bank of the Midwest had assets of $1,761,643,000, loans of $1,195,390,000, and deposits of $1,425,041,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.19 billion
Interest-bearing balances $0.16 billion
Total securities $0.20 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.20 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.11 billion
All other assets $0.02 billion
     Total Assets $1.51 billion
LIABILITIES
Total deposits $1.43 billion
      Interest-bearing deposits $0.90 billion
      Deposits held in domestic offices $1.43 billion
      % insured (estimated) 88.69%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.51 billion
      Shareholders’ Equity $0.25 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.07 billion
Total Interest Expense $0.00 billion
Net interest income $0.07 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Central Bank Of The Midwest

Branches and Savings

Is Central Bank Of The Midwest FDIC insured?

Yes. It is covered under FDIC Certificate #26247.

Why does Central Bank Of The Midwest pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Central Bank Of The Midwest CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Central Bank Of The Midwest a commercial bank?

Yes

Where are Central Bank Of The Midwest locations?

See branch locations nearby.

Is Central Bank Of The Midwest open on Saturdays?

Is Central Bank Of The Midwest open on Sundays?

What time does Central Bank Of The Midwest open?

What time does Central Bank Of The Midwest close?

Are Central Bank Of The Midwest ATMs Open 24/7?

Do Central Bank Of The Midwest ATMs accept cash deposits?

Can Central Bank Of The Midwest customers use other ATMs?

Do Central Bank Of The Midwest branches have notaries?

Will Central Bank Of The Midwest notarize my document?

What address for Central Bank Of The Midwest should I put for incoming ACH transfers?

Will the Central Bank Of The Midwest branch print checks?

Do Central Bank Of The Midwest checks expire?

Does Central Bank Of The Midwest require US citizenship to open account?

Can Central Bank Of The Midwest close my account?

Does Central Bank Of The Midwest Report to credit bureaus?

Does Central Bank Of The Midwest Use Equifax?

What is Central Bank Of The Midwest's ACH Routing Number?

What is Central Bank Of The Midwest's SWIFT code?

Products

Does Central Bank Of The Midwest offer mortgages?

Compare mortgage rates here.

Does Central Bank Of The Midwest offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central Bank Of The Midwest offer personal loans?

Compare personal loan rates here.

Does Central Bank Of The Midwest offer student loans?

Will Central Bank Of The Midwest cash a check?

Will Central Bank Of The Midwest redeem a savings bond?

Does Central Bank Of The Midwest cash savings bonds?

Will Central Bank Of The Midwest cash money orders?

Can Central Bank Of The Midwest issue a money order?

Does Central Bank Of The Midwest do currency exchange?

Background on The Bank

Who owns Central Bank Of The Midwest?

How long has Central Bank Of The Midwest been around?

Can Central Bank Of The Midwest transfer to other banks?

Does Central Bank Of The Midwest have quick pay?

Does Central Bank Of The Midwest accept rolled coins?

Will Central Bank Of The Midwest accept loose change?

Where is Central Bank Of The Midwest headquarters?

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