Mid City Bank, Inc.

Headquarters

304 South 42nd Street
Omaha, NE 68131
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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 City Bank, Inc. is an FDIC insured institution located in Omaha, NE. It was founded in 1965 and has approximately $0.11 billion in assets.

Closed by FDIC on November 4, 2011 and assets transferred to Premier Bank.

FDIC Insured Yes
FDIC Certificate # 19397
Date Established 1965
Assets $ 106.08 million
Loans $ 48.91 million
Deposits $ 105.46 million
Capital $ 0.30 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mid City Bank, Inc.

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




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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Note to Mid City Bank, Inc.
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Branches

Mid City Bank, Inc. 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


Mid City Bank, Inc. Locations


Financial Details

Mid City Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mid City Bank, Inc.. 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 City Bank, Inc. U.S. Bank Average
201.52% 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 City Bank, Inc. had $5,524,000 in non-current loans and $5,092,000 in owned real estate. To cover these potential losses it had $298,000 in equity and $4,970,000 in loans loss reserves. That gives it a Texas Ratio of 201.52%.

Return on Equity
Mid City Bank, Inc. U.S. Bank Average
-310.55% 7.80%

Mid City Bank, Inc. has a Return on Equity of -310.55% 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 City Bank, Inc. U.S. Bank Average
0.28% 12.68%

Mid City Bank, Inc. has a Capitalization of 0.28% 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 City Bank, Inc. Balance Sheet Analysis

As of September 30, 2011, Mid City Bank, Inc. had assets of $106,075,000, loans of $48,914,000, and deposits of $105,461,000. 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 $ 48.91 million
Loan loss allowance $ 4.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.09 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 105.46 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 $ 106.08 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 City Bank, Inc.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Mid City Bank, Inc.’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Mid City Bank, Inc.

Branches and Savings

Is Mid City Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #19397.

Why does Mid City Bank, Inc. pay such low interest on savings accounts?

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

Why are Mid City Bank, Inc. CD rates not competitive?

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

Is Mid City Bank, Inc. a commercial bank?

Yes

Where are Mid City Bank, Inc. locations?

See branch locations nearby.

Is Mid City Bank, Inc. open on Saturdays?

Is Mid City Bank, Inc. open on Sundays?

What time does Mid City Bank, Inc. open?

What time does Mid City Bank, Inc. close?

Are Mid City Bank, Inc. ATMs Open 24/7?

Do Mid City Bank, Inc. ATMs accept cash deposits?

Can Mid City Bank, Inc. customers use other ATMs?

Do Mid City Bank, Inc. branches have notaries?

Will Mid City Bank, Inc. notarize my document?

What address for Mid City Bank, Inc. should I put for incoming ACH transfers?

Will the Mid City Bank, Inc. branch print checks?

Do Mid City Bank, Inc. checks expire?

Does Mid City Bank, Inc. require US citizenship to open account?

Can Mid City Bank, Inc. close my account?

Does Mid City Bank, Inc. Report to credit bureaus?

Does Mid City Bank, Inc. Use Equifax?

What is Mid City Bank, Inc.'s ACH Routing Number?

What is Mid City Bank, Inc.'s SWIFT code?

Products

Does Mid City Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Mid City Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mid City Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Mid City Bank, Inc. offer student loans?

Will Mid City Bank, Inc. cash a check?

Will Mid City Bank, Inc. redeem a savings bond?

Does Mid City Bank, Inc. cash savings bonds?

Will Mid City Bank, Inc. cash money orders?

Can Mid City Bank, Inc. issue a money order?

Does Mid City Bank, Inc. do currency exchange?

Background on The Bank

Who owns Mid City Bank, Inc.?

How long has Mid City Bank, Inc. been around?

Can Mid City Bank, Inc. transfer to other banks?

Does Mid City Bank, Inc. have quick pay?

Does Mid City Bank, Inc. accept rolled coins?

Will Mid City Bank, Inc. accept loose change?

Where is Mid City Bank, Inc. headquarters?

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