Midwest Regional Bank

363 Festus Centre Drive
Festus, MO 63028

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8889
Date Established 1894
Assets $0.66 billion
Loans $0.48 billion
Deposits $0.55 billion
Capital $0.06 billion

Midwest Regional Bank is an FDIC insured institution located in Festus, MO. It was founded in 1894 and has approximately $0.66 billion in assets. Customers can open an account at one of its 8 branches.

For a more detailed analysis of Midwest Regional 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 Midwest Regional Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Missouri, Midwest Regional Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate, 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 8.94
Multifamily
Mortgages
8.66
Credit Card Loans 0.00
Consumer Auto Loans 0.34
Small Business Loans 13.95
Construction and Development Loans 13.09
Commercial Real Estate 46.12
Commercial and Industrial Loans 22.11
Farm Loans 1.15

Deposit Rates - April 20, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.24% $500 - Learn MoreShow Less
Money Market
0.25% $500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
18 Mo CD
2.00% $1,000 - Learn MoreShow Less
18 Mo CD
1.30% $1,000 - Learn MoreShow Less
24 Mo CD
2.15% $1,000 - Learn MoreShow Less
24 Mo CD
1.55% $1,000 - Learn MoreShow Less
30 Mo CD
2.20% $1,000 - Learn MoreShow Less
30 Mo CD
1.65% $1,000 - Learn MoreShow Less
36 Mo CD
3.05% $1,000 - Learn MoreShow Less
36 Mo CD
2.85% $1,000 - Learn MoreShow Less
36 Mo CD
2.70% $1,000 - Learn MoreShow Less
36 Mo CD
2.50% $1,000 - Learn MoreShow Less
48 Mo CD
2.90% $1,000 - Learn MoreShow Less
48 Mo CD
2.80% $1,000 - Learn MoreShow Less
48 Mo CD
3.20% $1,000 - Learn MoreShow Less
60 Mo CD
3.05% $1,000 - Learn MoreShow Less
60 Mo CD
3.40% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $1,000 - Learn MoreShow Less
Fixed IRA
1.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.12% $500 - Learn MoreShow Less

Loan Rates - April 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Midwest Regional 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.031% 4.000% 0.38 $945 $1,194 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Midwest Regional Bank
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Branches

Midwest Regional 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


Midwest Regional Bank Locations


Financial Details

Midwest Regional Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midwest Regional 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
Midwest Regional Bank U.S. Bank Average
6.26% 6.97%

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 December 31, 2018, Midwest Regional Bank had $3,678,000 in non-current loans and $470,000 in owned real estate. To cover these potential losses it had $61,389,000 in equity and $4,836,000 in loans loss reserves. That gives it a Texas Ratio of 6.26%.

Return on Equity
Midwest Regional Bank U.S. Bank Average
7.32% 8.80%

Midwest Regional Bank has a Return on Equity of 7.32% versus the BestCashCow average of 8.80%. 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
Midwest Regional Bank U.S. Bank Average
9.27% 12.29%

Midwest Regional Bank has a Capitalization of 9.27% versus the BestCashCow average of 12.29. 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 Regional Bank Balance Sheet Analysis

As of December 31, 2018, Midwest Regional Bank had assets of $662,060,000, loans of $475,680,000, and deposits of $545,636,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.08 billion
Interest-bearing balances $0.07 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.48 billion
Loan loss allowance $0.00 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 $0.00 billion
All other assets $0.02 billion
     Total Assets $0.60 billion
LIABILITIES
Total deposits $0.55 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.55 billion
      % insured (estimated) 63.88%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.01 billion
All other liabilities $0.01 billion
      Total Liabilities $0.60 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.01 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Midwest Regional Bank

Branches and Savings

Is Midwest Regional Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8889.

Why does Midwest Regional Bank pay such low interest on savings accounts?

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

Why are Midwest Regional Bank CD rates not competitive?

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

Is Midwest Regional Bank a commercial bank?

Yes

Where are Midwest Regional Bank locations?

See branch locations nearby.

Is Midwest Regional Bank open on Saturdays?

Is Midwest Regional Bank open on Sundays?

What time does Midwest Regional Bank open?

What time does Midwest Regional Bank close?

Are Midwest Regional Bank ATMs Open 24/7?

Do Midwest Regional Bank ATMs accept cash deposits?

Can Midwest Regional Bank customers use other ATMs?

Do Midwest Regional Bank branches have notaries?

Will Midwest Regional Bank notarize my document?

What address for Midwest Regional Bank should I put for incoming ACH transfers?

Will the Midwest Regional Bank branch print checks?

Do Midwest Regional Bank checks expire?

Does Midwest Regional Bank require US citizenship to open account?

Can Midwest Regional Bank close my account?

Does Midwest Regional Bank Report to credit bureaus?

Does Midwest Regional Bank Use Equifax?

What is Midwest Regional Bank's ACH Routing Number?

What is Midwest Regional Bank's SWIFT code?

Products

Does Midwest Regional Bank offer mortgages?

Compare mortgage rates here.

Does Midwest Regional Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midwest Regional Bank offer personal loans?

Compare personal loan rates here.

Does Midwest Regional Bank offer student loans?

Will Midwest Regional Bank cash a check?

Will Midwest Regional Bank redeem a savings bond?

Does Midwest Regional Bank cash savings bonds?

Will Midwest Regional Bank cash money orders?

Can Midwest Regional Bank issue a money order?

Does Midwest Regional Bank do currency exchange?

Background on The Bank

Who owns Midwest Regional Bank?

How long has Midwest Regional Bank been around?

Can Midwest Regional Bank transfer to other banks?

Does Midwest Regional Bank have quick pay?

Does Midwest Regional Bank accept rolled coins?

Will Midwest Regional Bank accept loose change?

Where is Midwest Regional Bank headquarters?

Customer Reviews for Midwest Regional Bank


  • Hey Man wildwood

    August 31, 2018 |

    CDs 60 Month Rates

    Awesome bank...great rates, no on line access only paper quarterly statements

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