Midwest BankCentre

Headquarters

2191 Lemay Ferry Road
Lemay, MO 63125
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.50% 0.85% →
2-Year CD 0.50% 0.80% →
5-Year CD 0.75% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Midwest BankCentre is an FDIC insured institution located in Lemay, MO. It was founded in 1906 and has approximately $2.33 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 1058
Date Established 1906
Assets $ 2.33 billion
Loans $ 1,805.21 million
Deposits $ 1,803.43 million
Capital $ 258.86 million
 

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

Deposit Rates - December 8, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Online Only Savings Rates of Rising Bank, a division of Midwest BankCentre

Online Savings Rates APY MIN MAX
Online Savings
0.45% $1,000 $500,000 Learn More

Online Only CD Rates of Rising Bank, a division of Midwest BankCentre

Online CD Rates APY MIN MAX
15 Month No Penalty CD
0.45% $1,000 $500,000 Learn More
24 Month CD
0.50% $1,000 $500,000 Learn More
2 Year Jumbo cD
0.60% $100,000 $500,000 Learn More
36 Month CD
0.55% $1,000 $500,000 Learn More

Bank Online Offers

 

Loan Rates - December 8, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Midwest BankCentre

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CIT Bank
NMLS ID: 541760
3.045% 2.975%
0.88 points
$2,232 fees
$1,051 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

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

Branches

Midwest BankCentre 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


Midwest BankCentre Locations



Climate Initiatives

Midwest BankCentre is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Midwest BankCentre Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midwest BankCentre. 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
Midwest BankCentre U.S. Bank Average
2.89% 4.78%

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 June 30, 2021, Midwest BankCentre had $7,163,000 in non-current loans and $919,000 in owned real estate. To cover these potential losses it had $258,864,000 in equity and $20,664,000 in loans loss reserves. That gives it a Texas Ratio of 2.89%.

Return on Equity
Midwest BankCentre U.S. Bank Average
9.45% 11.29%

Midwest BankCentre has a Return on Equity of 9.45% versus the BestCashCow average of 11.29%. 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
Midwest BankCentre U.S. Bank Average
11.13% 11.72%

Midwest BankCentre has a Capitalization of 11.13% versus the BestCashCow average of 11.72. 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.

Midwest BankCentre Balance Sheet Analysis

As of June 30, 2021, Midwest BankCentre had assets of $2,325,016,000, loans of $1,805,206,000, and deposits of $1,803,429,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 87.26 million
Interest-bearing balances $ 66.90 million
Total securities $ 281.65 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 1,805.21 million
Loan loss allowance $ 20.66 million
Trading account assets $ 2.11 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.92 million
Goodwill and other intangibles $ 18.36 million
All other assets $ 112.70 million
     Total Assets $ 2.07 billion
LIABILITIES
Total deposits $ 1,803.43 million
      Interest-bearing deposits $ 1,686.30 million
      Deposits held in domestic offices $ 1,803.43 million
      % insured (estimated) 90.22%
Federal funds purchased and repurchase agreements $ 84.74 million
Trading liabilities $ 2.11 million
Other borrowed funds $ 160.00 million
Subordinated debt N.A.
All other liabilities $ 15.88 million
      Total Liabilities $ 2.07 billion
      Shareholders’ Equity $ 258.86 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 38.22 million
Total Interest Expense $ 3.96 million
Net interest income $ 34.27 million
Provision for loan and lease losses $ 1.19 million
Total non interest income $ 8.33 million
Total non interest expense $ 28.12 million
Pre-tax Net Operating Income $ 13.29 million

Bank Loan Profile?

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

Compared to other banks in Missouri, Midwest BankCentre has a significantly higher percent of Multifamily Mortgages, 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 19.71
Multifamily
Mortgages
6.23
Credit Card Loans 0.11
Consumer Auto Loans 0.00
Small Business Loans 5.34
Construction and Development Loans 7.93
Commercial Real Estate 34.33
Commercial and Industrial Loans 29.26
Farm Loans 0.00

Customer Reviews for Midwest BankCentre


  • July 6, 2021

    The staff at Midwest BankCentre is exceptional at making you feel like you belong to an institution much higher than simply a place to keep your money and bank.
    They really focus on making you feel like family everytime you come in or call. For the first time in my banking experience, I'm happy and excited to be a member of a bank that really cares about the community and the people in which it serves.

  • December 20, 2018 |

    CDs 24 Month Rates

    Be sure you can leave the money in for the full term: early withdrawal fpenalty is supper high on this

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