MidFirst Bank

501 Nw Grand Boulevard
Oklahoma City, OK 73118

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4063
Date Established 1911
Assets $15.38 billion
Loans $11.11 billion
Deposits $8.30 billion
Capital $1.64 billion

MidFirst Bank is an FDIC insured institution located in Oklahoma City, OK. It was founded in 1911 and has approximately $15.38 billion in assets. Customers can open an account at one of its 86 branches.

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

Bank Loan Profile?

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

Compared to other banks in Oklahoma, MidFirst Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Credit Card 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 38.80
Multifamily
Mortgages
3.71
Credit Card Loans 0.27
Consumer Auto Loans 0.26
Small Business Loans 4.44
Construction and Development Loans 7.50
Commercial Real Estate 36.60
Commercial and Industrial Loans 11.88
Farm Loans 0.00

Deposit Rates - December 10, 2018

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.45% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 - Learn MoreShow Less
6 Mo CD
0.65% $1,000 - Learn MoreShow Less
Special: 9 Mo CD
2.00% $5,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
2.50% $5,000 - Learn MoreShow Less
18 Mo CD
1.10% $1,000 - Learn MoreShow Less
Special: 23 Mo CD
2.65% $5,000 - Learn MoreShow Less
24 Mo CD
1.20% $1,000 - Learn MoreShow Less
Special: 30 Mo CD
3.00% $5,000 - Learn MoreShow Less
30 Mo CD
3.00% $5,000 - Learn MoreShow Less
36 Mo CD
1.35% $1,000 - Learn MoreShow Less
48 Mo CD
1.75% $1,000 - Learn MoreShow Less
60 Mo CD
2.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $500 - Learn MoreShow Less
Special: 9 Mo FIRA
2.00% $5,000 - Learn MoreShow Less
Special: 15 Mo FIRA
2.50% $5,000 - Learn MoreShow Less
Special: 23 Mo FIRA
2.65% $5,000 - Learn MoreShow Less
Special: 30 Mo FIRA
3.00% $5,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $9,999 Learn MoreShow Less

Online Only CD Rates of Vio Bank, A Division of MidFirst Bank

Online CD Rates APY MIN MAX
12 Month CD
2.50% $500 - Learn MoreShow Less
18 Month CD
2.60% $500 - Learn MoreShow Less
24 Month CD
2.65% $500 - Learn MoreShow Less
36 Month CD
2.75% $500 - Learn MoreShow Less
48 Month CD
3.00% $500 - Learn MoreShow Less
60 Month CD
3.05% $500 - Learn MoreShow Less
Checking Rates APY MIN FEE
eChecking 0.03% $0 $12.00 Learn MoreShow Less
M+ Account 0.05% $1,500 $10.00 Learn MoreShow Less
M Account 0.00% $1,000 $6.00 Learn MoreShow Less

Bank Online Offers

Loan Rates - December 10, 2018

Your Current Location: Washington, WA 98109

There are currently no loan rates available for MidFirst Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Ally Bank
NMLS ID: 181005
4.802% 4.750% 0.25 $1,579 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
Vantage Mortgage Group, Inc.
NMLS ID: 35986
License#: 35986
4.783% 4.750% 0.00 $993 $1,305 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

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

Branches

MidFirst 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:
Seattle,Washington


MidFirst Bank Locations

Financial Details

MidFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MidFirst 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
MidFirst Bank U.S. Bank Average
54.42% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, MidFirst Bank had $935,023,000 in non-current loans and $21,913,000 in owned real estate. To cover these potential losses it had $1,641,793,000 in equity and $116,512,000 in loans loss reserves. That gives it a Texas Ratio of 54.42%.

Return on Equity
MidFirst Bank U.S. Bank Average
19.36% 9.77%

MidFirst Bank has a Return on Equity of 19.36% versus the BestCashCow average of 9.77%. 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
MidFirst Bank U.S. Bank Average
10.68% 12.31%

MidFirst Bank has a Capitalization of 10.68% versus the BestCashCow average of 12.31. 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.

MidFirst Bank Balance Sheet Analysis

As of June 30, 2018, MidFirst Bank had assets of $15,379,715,000, loans of $11,109,934,000, and deposits of $8,304,163,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $1.38 billion
Interest-bearing balances $1.25 billion
Total securities $1.48 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $11.11 billion
Loan loss allowance $0.12 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $0.28 billion
All other assets $0.86 billion
     Total Assets $13.74 billion
LIABILITIES
Total deposits $8.30 billion
      Interest-bearing deposits $5.23 billion
      Deposits held in domestic offices $8.30 billion
      % insured (estimated) 73.61%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $5.29 billion
Subordinated debt $0.00 billion
All other liabilities $0.15 billion
      Total Liabilities $13.74 billion
      Shareholders’ Equity $1.64 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.32 billion
Total Interest Expense $0.07 billion
Net interest income $0.25 billion
Provision for loan and lease losses $-0.01 billion
Total non interest income $0.09 billion
Total non interest expense $0.20 billion
Pre-tax Net Operating Income $0.15 billion

Frequently Asked Questions About Midfirst Bank

Branches and Savings

Is Midfirst Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4063.

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

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

Why are Midfirst Bank CD rates not competitive?

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

Is Midfirst Bank a commercial bank?

Yes

Where are Midfirst Bank locations?

See branch locations nearby.

Is Midfirst Bank open on Saturdays?

Is Midfirst Bank open on Sundays?

What time does Midfirst Bank open?

What time does Midfirst Bank close?

Are Midfirst Bank ATMs Open 24/7?

Do Midfirst Bank ATMs accept cash deposits?

Can Midfirst Bank customers use other ATMs?

Do Midfirst Bank branches have notaries?

Will Midfirst Bank notarize my document?

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

Will the Midfirst Bank branch print checks?

Do Midfirst Bank checks expire?

Does Midfirst Bank require US citizenship to open account?

Can Midfirst Bank close my account?

Does Midfirst Bank Report to credit bureaus?

Does Midfirst Bank Use Equifax?

What is Midfirst Bank's ACH Routing Number?

What is Midfirst Bank's SWIFT code?

Products

Does Midfirst Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Midfirst Bank offer personal loans?

Compare personal loan rates here.

Does Midfirst Bank offer student loans?

Will Midfirst Bank cash a check?

Will Midfirst Bank redeem a savings bond?

Does Midfirst Bank cash savings bonds?

Will Midfirst Bank cash money orders?

Can Midfirst Bank issue a money order?

Does Midfirst Bank do currency exchange?

Background on The Bank

Who owns Midfirst Bank?

How long has Midfirst Bank been around?

Can Midfirst Bank transfer to other banks?

Does Midfirst Bank have quick pay?

Does Midfirst Bank accept rolled coins?

Will Midfirst Bank accept loose change?

Where is Midfirst Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Midfirst Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.