M1 Bank

Headquarters

41 State Rd W
Macks Creek, MO 65786
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 0.66% →
1-Year CD 0.85% 0.67% →
2-Year CD 0.90% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

M1 Bank is an FDIC insured institution located in Macks Creek, MO. It was founded in 1911 and has approximately $0.49 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9797
Date Established 1911
Assets $ 489.36 million
Loans $ 359.14 million
Deposits $ 446.85 million
Capital $ 40.56 million
 

For a more detailed analysis of M1 Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.50% $100 - Learn More
Money Market
0.50% $0 $9,999 Learn More
Money Market
0.50% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.75% $1,000 - Learn More
12 Mo CD
0.85% $1,000 - Learn More
24 Mo CD
0.90% $1,000 - Learn More
36 Mo CD
0.90% $1,000 - Learn More
48 Mo CD
0.90% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $0 - Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for M1 Bank

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to M1 Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

M1 Bank 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


M1 Bank Locations


Financial Details

M1 Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of M1 Bank. 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
M1 Bank U.S. Bank Average
0.27% 5.49%

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 December 31, 2020, M1 Bank had $57,000 in non-current loans and $60,000 in owned real estate. To cover these potential losses it had $40,562,000 in equity and $2,737,000 in loans loss reserves. That gives it a Texas Ratio of 0.27%.

Return on Equity
M1 Bank U.S. Bank Average
19.72% 9.24%

M1 Bank has a Return on Equity of 19.72% versus the BestCashCow average of 9.24%. 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
M1 Bank U.S. Bank Average
8.29% 11.96%

M1 Bank has a Capitalization of 8.29% versus the BestCashCow average of 11.96. 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.

M1 Bank Balance Sheet Analysis

As of December 31, 2020, M1 Bank had assets of $489,358,000, loans of $359,137,000, and deposits of $446,848,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 107.12 million
Interest-bearing balances $ 104.82 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 359.14 million
Loan loss allowance $ 2.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 0.70 million
All other assets $ 3.75 million
     Total Assets $ 448.80 million
LIABILITIES
Total deposits $ 446.85 million
      Interest-bearing deposits $ 391.80 million
      Deposits held in domestic offices $ 446.85 million
      % insured (estimated) 54.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.95 million
      Total Liabilities $ 448.80 million
      Shareholders’ Equity $ 40.56 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 18.96 million
Total Interest Expense $ 4.60 million
Net interest income $ 14.36 million
Provision for loan and lease losses $ 0.53 million
Total non interest income $ 0.06 million
Total non interest expense $ 4.97 million
Pre-tax Net Operating Income $ 8.91 million

Bank Loan Profile?

The top three loan types in M1 Bank’s loan portfolio are Commercial and Industrial Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Missouri, M1 Bank has a significantly higher percent of Construction and Development Loans, 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 2.57
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.88
Construction and Development Loans 23.32
Commercial Real Estate 5.08
Commercial and Industrial Loans 68.19
Farm Loans 0.02

Frequently Asked Questions About M1 Bank

Branches and Savings

Is M1 Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9797.

Why does M1 Bank pay such low interest on savings accounts?

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

Why are M1 Bank CD rates not competitive?

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

Is M1 Bank a commercial bank?

Yes

Where are M1 Bank locations?

See branch locations nearby.

Is M1 Bank open on Saturdays?

Is M1 Bank open on Sundays?

What time does M1 Bank open?

What time does M1 Bank close?

Are M1 Bank ATMs Open 24/7?

Do M1 Bank ATMs accept cash deposits?

Can M1 Bank customers use other ATMs?

Do M1 Bank branches have notaries?

Will M1 Bank notarize my document?

What address for M1 Bank should I put for incoming ACH transfers?

Will the M1 Bank branch print checks?

Do M1 Bank checks expire?

Does M1 Bank require US citizenship to open account?

Can M1 Bank close my account?

Does M1 Bank Report to credit bureaus?

Does M1 Bank Use Equifax?

What is M1 Bank's ACH Routing Number?

What is M1 Bank's SWIFT code?

Products

Does M1 Bank offer mortgages?

Compare mortgage rates here.

Does M1 Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does M1 Bank offer personal loans?

Compare personal loan rates here.

Does M1 Bank offer student loans?

Will M1 Bank cash a check?

Will M1 Bank redeem a savings bond?

Does M1 Bank cash savings bonds?

Will M1 Bank cash money orders?

Can M1 Bank issue a money order?

Does M1 Bank do currency exchange?

Background on The Bank

Who owns M1 Bank?

How long has M1 Bank been around?

Can M1 Bank transfer to other banks?

Does M1 Bank have quick pay?

Does M1 Bank accept rolled coins?

Will M1 Bank accept loose change?

Where is M1 Bank headquarters?

Customer Reviews for M1 Bank


  • April 05, 2021

    THIS IS NOT A BANK TO DO BUSINESS WITH!
    After making an appointment and driving to their location, the manager refused to see me. They told me I had to open the CD thru a tube without even seeing the person at the other end of the mike, and without getting a chance to read the terms and conditions before signing the contract and handing over the money. If the treatment is so rude and impersonal before opening an account, what can you expect after you hand over your life savings.

Add Your Review

Rate it here →