Mid America Bank & Trust Company

Headquarters

216 West Second Street
Dixon, MO 65459
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 & Trust Company is an FDIC insured institution located in Dixon, MO. It was founded in 1920 and has approximately $0.18 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 1624
Date Established 1920
Assets $ 166.13 million
Loans $ 100.15 million
Deposits $ 133.42 million
Capital $ 44.13 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mid America Bank & Trust Company

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
2.815% 2.750% 0.88 $2,128 $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
See Table
2.990 %
$0 Learn More
More Info

Note to Mid America Bank & Trust Company
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Branches

Mid America Bank & Trust Company 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 & Trust Company Locations


Financial Details

Mid America Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mid America Bank & Trust Company. 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 & Trust Company U.S. Bank Average
5.87% 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 & Trust Company had $665,000 in non-current loans and $1,925,000 in owned real estate. To cover these potential losses it had $44,127,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 5.87%.

Return on Equity
Mid America Bank & Trust Company U.S. Bank Average
13.92% 7.80%

Mid America Bank & Trust Company has a Return on Equity of 13.92% 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 & Trust Company U.S. Bank Average
26.56% 12.68%

Mid America Bank & Trust Company has a Capitalization of 26.56% 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 & Trust Company Balance Sheet Analysis

As of December 31, 2017, Mid America Bank & Trust Company had assets of $179,288,000, loans of $100,151,000, and deposits of $133,417,000. 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 $ 16.86 million
Interest-bearing balances $ 14.18 million
Total securities $ 17.20 million
Federal funds sold and reverse repurchase $ 18.22 million
Net loans and leases $ 100.15 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.93 million
Goodwill and other intangibles $ 14.93 million
All other assets $ 4.91 million
     Total Assets $ 135.16 million
LIABILITIES
Total deposits $ 133.42 million
      Interest-bearing deposits $ 86.92 million
      Deposits held in domestic offices $ 133.42 million
      % insured (estimated) 73.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.74 million
      Total Liabilities $ 135.16 million
      Shareholders’ Equity $ 30.97 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.85 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.76 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 1.50 million
Total non interest expense $ 1.06 million
Pre-tax Net Operating Income $ 1.08 million

Bank Loan Profile?

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

Compared to other banks in Missouri, Mid America Bank & Trust Company has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Small Business 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 28.66
Multifamily
Mortgages
6.26
Credit Card Loans 2.82
Consumer Auto Loans 1.98
Small Business Loans 12.30
Construction and Development Loans 5.97
Commercial Real Estate 31.01
Commercial and Industrial Loans 11.15
Farm Loans 3.10

Frequently Asked Questions About Mid America Bank & Trust Company

Branches and Savings

Is Mid America Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #1624.

Why does Mid America Bank & Trust Company 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 & Trust Company CD rates not competitive?

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

Is Mid America Bank & Trust Company a commercial bank?

Yes

Where are Mid America Bank & Trust Company locations?

See branch locations nearby.

Is Mid America Bank & Trust Company open on Saturdays?

Is Mid America Bank & Trust Company open on Sundays?

What time does Mid America Bank & Trust Company open?

What time does Mid America Bank & Trust Company close?

Are Mid America Bank & Trust Company ATMs Open 24/7?

Do Mid America Bank & Trust Company ATMs accept cash deposits?

Can Mid America Bank & Trust Company customers use other ATMs?

Do Mid America Bank & Trust Company branches have notaries?

Will Mid America Bank & Trust Company notarize my document?

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

Will the Mid America Bank & Trust Company branch print checks?

Do Mid America Bank & Trust Company checks expire?

Does Mid America Bank & Trust Company require US citizenship to open account?

Can Mid America Bank & Trust Company close my account?

Does Mid America Bank & Trust Company Report to credit bureaus?

Does Mid America Bank & Trust Company Use Equifax?

What is Mid America Bank & Trust Company's ACH Routing Number?

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Products

Does Mid America Bank & Trust Company offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mid America Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Mid America Bank & Trust Company offer student loans?

Will Mid America Bank & Trust Company cash a check?

Will Mid America Bank & Trust Company redeem a savings bond?

Does Mid America Bank & Trust Company cash savings bonds?

Will Mid America Bank & Trust Company cash money orders?

Can Mid America Bank & Trust Company issue a money order?

Does Mid America Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Mid America Bank & Trust Company?

How long has Mid America Bank & Trust Company been around?

Can Mid America Bank & Trust Company transfer to other banks?

Does Mid America Bank & Trust Company have quick pay?

Does Mid America Bank & Trust Company accept rolled coins?

Will Mid America Bank & Trust Company accept loose change?

Where is Mid America Bank & Trust Company headquarters?

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