Midwest BankCentre

2191 Lemay Ferry Road
Lemay, MO 63125

Notable Rates APY Vs.Others
Savings 0.25% 2.10% →
1-Year CD 1.25% 2.02% →
2-Year CD 1.25% 2.02% →
5-Year CD 1.90% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Bank Information

Midwest BankCentre is an FDIC insured institution located in Lemay, MO. It was founded in 1906 and has approximately $2.01 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 1058
Date Established 1906
Assets $2.01 billion
Loans $1.47 billion
Deposits $1.51 billion
Capital $0.20 billion

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 - March 28, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $24,999 Learn MoreShow Less
Money Market
0.65% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.50% $1 - Learn MoreShow Less
6 Mo CD
0.75% $1 - Learn MoreShow Less

Fixed IRA
1.25% $1 - Learn MoreShow Less

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

Online Savings Rates APY MIN MAX

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

Online CD Rates APY MIN MAX

Bank Online Offers

Loan Rates - March 28, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

Note to Midwest BankCentre
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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
2.45% 6.70%

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 September 30, 2019, Midwest BankCentre had $4,380,000 in non-current loans and $1,010,000 in owned real estate. To cover these potential losses it had $204,074,000 in equity and $15,535,000 in loans loss reserves. That gives it a Texas Ratio of 2.45%.

Return on Equity
Midwest BankCentre U.S. Bank Average
5.24% 9.72%

Midwest BankCentre has a Return on Equity of 5.24% versus the BestCashCow average of 9.72%. 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
10.17% 12.89%

Midwest BankCentre has a Capitalization of 10.17% versus the BestCashCow average of 12.89. 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 September 30, 2019, Midwest BankCentre had assets of $2,007,385,000, loans of $1,466,675,000, and deposits of $1,505,448,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.01 billion
Total securities $0.35 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.47 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.02 billion
All other assets $0.11 billion
     Total Assets $1.80 billion
Total deposits $1.51 billion
      Interest-bearing deposits $1.42 billion
      Deposits held in domestic offices $1.51 billion
      % insured (estimated) 95.11%
Federal funds purchased and repurchase agreements $0.09 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.19 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.80 billion
      Shareholders’ Equity $0.20 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.05 billion
Total Interest Expense $0.02 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

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

Compared to other banks in Missouri, Midwest BankCentre has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate 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 28.18
Credit Card Loans 0.03
Consumer Auto Loans 0.00
Small Business Loans 6.55
Construction and Development Loans 7.78
Commercial Real Estate 37.06
Commercial and Industrial Loans 17.74
Farm Loans 0.00

Frequently Asked Questions About Midwest Bankcentre

Branches and Savings

Is Midwest Bankcentre FDIC insured?

Yes. It is covered under FDIC Certificate #1058.

Why does Midwest Bankcentre pay such low interest on savings accounts?

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

Why are Midwest Bankcentre CD rates not competitive?

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

Is Midwest Bankcentre a commercial bank?


Where are Midwest Bankcentre locations?

See branch locations nearby.

Is Midwest Bankcentre open on Saturdays?

Is Midwest Bankcentre open on Sundays?

What time does Midwest Bankcentre open?

What time does Midwest Bankcentre close?

Are Midwest Bankcentre ATMs Open 24/7?

Do Midwest Bankcentre ATMs accept cash deposits?

Can Midwest Bankcentre customers use other ATMs?

Do Midwest Bankcentre branches have notaries?

Will Midwest Bankcentre notarize my document?

What address for Midwest Bankcentre should I put for incoming ACH transfers?

Will the Midwest Bankcentre branch print checks?

Do Midwest Bankcentre checks expire?

Does Midwest Bankcentre require US citizenship to open account?

Can Midwest Bankcentre close my account?

Does Midwest Bankcentre Report to credit bureaus?

Does Midwest Bankcentre Use Equifax?

What is Midwest Bankcentre's ACH Routing Number?

What is Midwest Bankcentre's SWIFT code?


Does Midwest Bankcentre offer mortgages?

Compare mortgage rates here.

Does Midwest Bankcentre offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midwest Bankcentre offer personal loans?

Compare personal loan rates here.

Does Midwest Bankcentre offer student loans?

Will Midwest Bankcentre cash a check?

Will Midwest Bankcentre redeem a savings bond?

Does Midwest Bankcentre cash savings bonds?

Will Midwest Bankcentre cash money orders?

Can Midwest Bankcentre issue a money order?

Does Midwest Bankcentre do currency exchange?

Background on The Bank

Who owns Midwest Bankcentre?

How long has Midwest Bankcentre been around?

Can Midwest Bankcentre transfer to other banks?

Does Midwest Bankcentre have quick pay?

Does Midwest Bankcentre accept rolled coins?

Will Midwest Bankcentre accept loose change?

Where is Midwest Bankcentre headquarters?

Customer Reviews for Midwest BankCentre

  • 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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