First Midwest Bank of Poplar Bluff

Headquarters

704-706 Highway 67 North
Poplar Bluff, MO 63901
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.95% →
1-Year CD 0.60% 1.01% →
2-Year CD 0.65% 0.95% →
5-Year CD 0.85% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Midwest Bank of Poplar Bluff is an FDIC insured institution located in Poplar Bluff, MO. It was founded in 1964 and has approximately $0.47 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 19212
Date Established 1964
Assets $ 467.06 million
Loans $ 391.57 million
Deposits $ 395.42 million
Capital $ 44.70 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.55% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Midwest Bank of Poplar Bluff

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First Midwest Bank of Poplar Bluff
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Branches

First Midwest Bank of Poplar Bluff 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:
Fairfield,Connecticut


First Midwest Bank of Poplar Bluff Locations


Financial Details

First Midwest Bank of Poplar Bluff Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Midwest Bank of Poplar Bluff. 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
First Midwest Bank of Poplar Bluff U.S. Bank Average
7.76% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, First Midwest Bank of Poplar Bluff had $3,543,000 in non-current loans and $266,000 in owned real estate. To cover these potential losses it had $44,704,000 in equity and $4,406,000 in loans loss reserves. That gives it a Texas Ratio of 7.76%.

Return on Equity
First Midwest Bank of Poplar Bluff U.S. Bank Average
16.97% 7.80%

First Midwest Bank of Poplar Bluff has a Return on Equity of 16.97% versus the BestCashCow average of 7.80%. 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
First Midwest Bank of Poplar Bluff U.S. Bank Average
9.57% 12.68%

First Midwest Bank of Poplar Bluff has a Capitalization of 9.57% versus the BestCashCow average of 12.68. 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.

First Midwest Bank of Poplar Bluff Balance Sheet Analysis

As of March 31, 2020, First Midwest Bank of Poplar Bluff had assets of $467,063,000, loans of $391,570,000, and deposits of $395,418,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 27.51 million
Interest-bearing balances $ 9.55 million
Total securities $ 24.43 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 391.57 million
Loan loss allowance $ 4.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.27 million
Goodwill and other intangibles N.A.
All other assets $ 9.36 million
     Total Assets $ 422.36 million
LIABILITIES
Total deposits $ 395.42 million
      Interest-bearing deposits $ 345.21 million
      Deposits held in domestic offices $ 395.42 million
      % insured (estimated) 75.74%
Federal funds purchased and repurchase agreements $ 0.81 million
Trading liabilities N.A.
Other borrowed funds $ 24.75 million
Subordinated debt N.A.
All other liabilities $ 1.39 million
      Total Liabilities $ 422.36 million
      Shareholders’ Equity $ 44.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.51 million
Total Interest Expense $ 1.31 million
Net interest income $ 4.20 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 0.71 million
Total non interest expense $ 2.85 million
Pre-tax Net Operating Income $ 1.88 million

Bank Loan Profile?

The top three loan types in First Midwest Bank of Poplar Bluff’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Missouri, First Midwest Bank of Poplar Bluff has a significantly higher percent of Commercial and Industrial Loans 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 28.98
Multifamily
Mortgages
3.47
Credit Card Loans 0.10
Consumer Auto Loans 2.70
Small Business Loans 0.00
Construction and Development Loans 8.84
Commercial Real Estate 23.42
Commercial and Industrial Loans 26.47
Farm Loans 2.59

Frequently Asked Questions About First Midwest Bank Of Poplar Bluff

Branches and Savings

Is First Midwest Bank Of Poplar Bluff FDIC insured?

Yes. It is covered under FDIC Certificate #19212.

Why does First Midwest Bank Of Poplar Bluff pay such low interest on savings accounts?

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

Why are First Midwest Bank Of Poplar Bluff CD rates not competitive?

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

Is First Midwest Bank Of Poplar Bluff a commercial bank?

Yes

Where are First Midwest Bank Of Poplar Bluff locations?

See branch locations nearby.

Is First Midwest Bank Of Poplar Bluff open on Saturdays?

Is First Midwest Bank Of Poplar Bluff open on Sundays?

What time does First Midwest Bank Of Poplar Bluff open?

What time does First Midwest Bank Of Poplar Bluff close?

Are First Midwest Bank Of Poplar Bluff ATMs Open 24/7?

Do First Midwest Bank Of Poplar Bluff ATMs accept cash deposits?

Can First Midwest Bank Of Poplar Bluff customers use other ATMs?

Do First Midwest Bank Of Poplar Bluff branches have notaries?

Will First Midwest Bank Of Poplar Bluff notarize my document?

What address for First Midwest Bank Of Poplar Bluff should I put for incoming ACH transfers?

Will the First Midwest Bank Of Poplar Bluff branch print checks?

Do First Midwest Bank Of Poplar Bluff checks expire?

Does First Midwest Bank Of Poplar Bluff require US citizenship to open account?

Can First Midwest Bank Of Poplar Bluff close my account?

Does First Midwest Bank Of Poplar Bluff Report to credit bureaus?

Does First Midwest Bank Of Poplar Bluff Use Equifax?

What is First Midwest Bank Of Poplar Bluff's ACH Routing Number?

What is First Midwest Bank Of Poplar Bluff's SWIFT code?

Products

Does First Midwest Bank Of Poplar Bluff offer mortgages?

Compare mortgage rates here.

Does First Midwest Bank Of Poplar Bluff offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Midwest Bank Of Poplar Bluff offer personal loans?

Compare personal loan rates here.

Does First Midwest Bank Of Poplar Bluff offer student loans?

Will First Midwest Bank Of Poplar Bluff cash a check?

Will First Midwest Bank Of Poplar Bluff redeem a savings bond?

Does First Midwest Bank Of Poplar Bluff cash savings bonds?

Will First Midwest Bank Of Poplar Bluff cash money orders?

Can First Midwest Bank Of Poplar Bluff issue a money order?

Does First Midwest Bank Of Poplar Bluff do currency exchange?

Background on The Bank

Who owns First Midwest Bank Of Poplar Bluff?

How long has First Midwest Bank Of Poplar Bluff been around?

Can First Midwest Bank Of Poplar Bluff transfer to other banks?

Does First Midwest Bank Of Poplar Bluff have quick pay?

Does First Midwest Bank Of Poplar Bluff accept rolled coins?

Will First Midwest Bank Of Poplar Bluff accept loose change?

Where is First Midwest Bank Of Poplar Bluff headquarters?

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