Midwest BankCentre


2191 Lemay Ferry Road
Lemay, MO 63125
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Notable Rates APY Vs.Others
Savings N.A. 3.50% →
1-Year CD N.A. 3.70% →
2-Year CD N.A. 3.80% →
5-Year CD N.A. 4.25% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Midwest BankCentre is an FDIC insured institution located in Lemay, MO. It was founded in 1906 and has approximately $2.38 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 1058
Date Established 1906
Assets $ 2.38 billion
Loans $ 1,854.21 million
Deposits $ 1,894.62 million
Capital $ 265.55 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 - October 1, 2022

Your Current Location: Virginia, VA 20146

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

Online Savings Rates APY MIN MAX
Online Savings
2.50% $1,000 $500,000 Learn More

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

Online CD Rates APY MIN MAX
1-Year CD
3.70% $1,000 $500,000 Learn More
15 Month No Penalty CD
2.50% $1,000 $500,000 Learn More
18 Month Bump CD
2.25% $5,000 - Learn More
24 Month CD
3.80% $1,000 $500,000 Learn More
36 Month CD
3.85% $1,000 $500,000 Learn More
5 Year CD
2.55% $1,000 - Learn More

Bank Online Offers


Loan Rates - October 1, 2022

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 2022

Lender APR Rate (%) Monthly
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First Internet Bank
NMLS ID: 424182
6.703% 6.625%
0.75 points
$2,015 fees
$1,601 Learn More
Morty, Inc.
NMLS ID: 1429243
6.298% 6.250%
0.50 points
$1,272 fees
$1,540 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.010% 6.875%
0.88 points
$3,438 fees
$1,643 Learn More
NMLS ID: 2890
License#: MC-3098
6.477% 6.375%
0.63 points
$2,678 fees
$1,560 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 5.740 %
After Intro: 6.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Midwest BankCentre
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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.

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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
2.26% 4.01%

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, 2022, Midwest BankCentre had $5,589,000 in non-current loans and $904,000 in owned real estate. To cover these potential losses it had $265,545,000 in equity and $22,124,000 in loans loss reserves. That gives it a Texas Ratio of 2.26%.

Return on Equity
Midwest BankCentre U.S. Bank Average
8.83% 9.01%

Midwest BankCentre has a Return on Equity of 8.83% versus the BestCashCow average of 9.01%. 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.

Midwest BankCentre U.S. Bank Average
11.14% 10.66%

Midwest BankCentre has a Capitalization of 11.14% versus the BestCashCow average of 10.66. 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 March 31, 2022, Midwest BankCentre had assets of $2,383,048,000, loans of $1,854,212,000, and deposits of $1,894,615,000. 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, 2022
Cash & Balances due from depository institutions $ 68.98 million
Interest-bearing balances $ 49.49 million
Total securities $ 294.05 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 1,854.21 million
Loan loss allowance $ 22.12 million
Trading account assets $ 3.23 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.90 million
Goodwill and other intangibles $ 17.93 million
All other assets $ 120.07 million
     Total Assets $ 2.12 billion
Total deposits $ 1,894.62 million
      Interest-bearing deposits $ 1,781.22 million
      Deposits held in domestic offices $ 1,894.62 million
      % insured (estimated) 90.70%
Federal funds purchased and repurchase agreements $ 80.17 million
Trading liabilities $ 3.23 million
Other borrowed funds $ 115.00 million
Subordinated debt N.A.
All other liabilities $ 24.49 million
      Total Liabilities $ 2.12 billion
      Shareholders’ Equity $ 265.55 million

Summary Income Statement

March 31, 2022
Total Interest Income $ 19.01 million
Total Interest Expense $ 1.11 million
Net interest income $ 17.90 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 2.99 million
Total non interest expense $ 13.27 million
Pre-tax Net Operating Income $ 7.02 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.81
Credit Card Loans 0.14
Consumer Auto Loans 0.42
Small Business Loans 5.40
Construction and Development Loans 10.58
Commercial Real Estate 34.23
Commercial and Industrial Loans 27.31
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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