Mid America Bank

Headquarters

2317 Milton Avenue
Janesville, WI 53545
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Mid America Bank is an FDIC insured institution located in Janesville, WI. It was founded in 1910 and has approximately $0.08 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 15183
Date Established 1910
Assets $ 81.34 million
Loans $ 56.05 million
Deposits $ 71.54 million
Capital $ 9.46 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mid America 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 2020

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 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
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Mid America Bank
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Branches

Mid America 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


Mid America Bank Locations


Financial Details

Mid America Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mid America 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
Mid America Bank U.S. Bank Average
24% 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, Mid America Bank had $2,612,000 in non-current loans and $20,000 in owned real estate. To cover these potential losses it had $9,461,000 in equity and $1,506,000 in loans loss reserves. That gives it a Texas Ratio of 24%.

Return on Equity
Mid America Bank U.S. Bank Average
-3.04% 7.80%

Mid America Bank has a Return on Equity of -3.04% 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
Mid America Bank U.S. Bank Average
11.63% 12.68%

Mid America Bank has a Capitalization of 11.63% 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.

Mid America Bank Balance Sheet Analysis

As of June 30, 2016, Mid America Bank had assets of $81,337,000, loans of $56,046,000, and deposits of $71,543,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 56.05 million
Loan loss allowance $ 1.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 71.54 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 81.34 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Mid America Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Wisconsin, Mid America Bank has a significantly higher percent of Small Business 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 27.61
Multifamily
Mortgages
2.83
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 28.82
Construction and Development Loans 0.60
Commercial Real Estate 51.46
Commercial and Industrial Loans 18.11
Farm Loans 0.14

Frequently Asked Questions About Mid America Bank

Branches and Savings

Is Mid America Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15183.

Why does Mid America Bank pay such low interest on savings accounts?

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

Why are Mid America Bank CD rates not competitive?

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

Is Mid America Bank a commercial bank?

Yes

Where are Mid America Bank locations?

See branch locations nearby.

Is Mid America Bank open on Saturdays?

Is Mid America Bank open on Sundays?

What time does Mid America Bank open?

What time does Mid America Bank close?

Are Mid America Bank ATMs Open 24/7?

Do Mid America Bank ATMs accept cash deposits?

Can Mid America Bank customers use other ATMs?

Do Mid America Bank branches have notaries?

Will Mid America Bank notarize my document?

What address for Mid America Bank should I put for incoming ACH transfers?

Will the Mid America Bank branch print checks?

Do Mid America Bank checks expire?

Does Mid America Bank require US citizenship to open account?

Can Mid America Bank close my account?

Does Mid America Bank Report to credit bureaus?

Does Mid America Bank Use Equifax?

What is Mid America Bank's ACH Routing Number?

What is Mid America Bank's SWIFT code?

Products

Does Mid America Bank offer mortgages?

Compare mortgage rates here.

Does Mid America Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mid America Bank offer personal loans?

Compare personal loan rates here.

Does Mid America Bank offer student loans?

Will Mid America Bank cash a check?

Will Mid America Bank redeem a savings bond?

Does Mid America Bank cash savings bonds?

Will Mid America Bank cash money orders?

Can Mid America Bank issue a money order?

Does Mid America Bank do currency exchange?

Background on The Bank

Who owns Mid America Bank?

How long has Mid America Bank been around?

Can Mid America Bank transfer to other banks?

Does Mid America Bank have quick pay?

Does Mid America Bank accept rolled coins?

Will Mid America Bank accept loose change?

Where is Mid America Bank headquarters?

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