Peoples Bank Midwest

Headquarters

10583 Main Street
Hayward, WI 54843
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.35% 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Peoples Bank Midwest is an FDIC insured institution located in Hayward, WI. It was founded in 1925 and has approximately $0.4 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 5347
Date Established 1925
Assets $ 401.78 million
Loans $ 283.34 million
Deposits $ 320.76 million
Capital $ 68.95 million
 

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

Deposit Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $24,999 Learn More
3 Mo CD
0.20% $25,000 - Learn More
6 Mo CD
0.15% $10,000 $24,999 Learn More
6 Mo CD
0.20% $25,000 - Learn More
Special: 9 Mo CD
0.59% $10,000 - Learn More
12 Mo CD
0.20% $10,000 $24,999 Learn More
12 Mo CD
0.25% $25,000 - Learn More
18 Mo CD
0.20% $10,000 $24,999 Learn More
18 Mo CD
0.25% $25,000 - Learn More
24 Mo CD
0.30% $10,000 $24,999 Learn More
24 Mo CD
0.35% $25,000 - Learn More
36 Mo CD
0.35% $10,000 $24,999 Learn More
36 Mo CD
0.40% $25,000 - Learn More
48 Mo CD
0.50% $10,000 $24,999 Learn More
48 Mo CD
0.55% $25,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1,000 $9,999 Learn MoreShow Less
Special: 9 Mo FIRA
0.59% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $999 Learn MoreShow Less
Int Ckg
0.05% $1,000 $4,999 Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Peoples Bank Midwest

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Peoples Bank Midwest
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Branches

Peoples Bank Midwest 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


Peoples Bank Midwest Locations


Financial Details

Peoples Bank Midwest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peoples Bank Midwest. 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
Peoples Bank Midwest U.S. Bank Average
0.18% 6.51%

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 December 31, 2019, Peoples Bank Midwest had $126,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $68,952,000 in equity and $7,000 in loans loss reserves. That gives it a Texas Ratio of 0.18%.

Return on Equity
Peoples Bank Midwest U.S. Bank Average
2.58% 9.41%

Peoples Bank Midwest has a Return on Equity of 2.58% versus the BestCashCow average of 9.41%. 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
Peoples Bank Midwest U.S. Bank Average
17.16% 12.82%

Peoples Bank Midwest has a Capitalization of 17.16% versus the BestCashCow average of 12.82. 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.

Peoples Bank Midwest Balance Sheet Analysis

As of December 31, 2019, Peoples Bank Midwest had assets of $401,776,000, loans of $283,336,000, and deposits of $320,763,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 16.44 million
Interest-bearing balances $ 8.10 million
Total securities $ 45.68 million
Federal funds sold and reverse repurchase $ 3.57 million
Net loans and leases $ 283.34 million
Loan loss allowance $ 0.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 33.12 million
All other assets $ 14.09 million
     Total Assets $ 332.82 million
LIABILITIES
Total deposits $ 320.76 million
      Interest-bearing deposits $ 232.66 million
      Deposits held in domestic offices $ 320.76 million
      % insured (estimated) 63.26%
Federal funds purchased and repurchase agreements $ 1.50 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 0.56 million
      Total Liabilities $ 332.82 million
      Shareholders’ Equity $ 68.95 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.63 million
Total Interest Expense $ 0.41 million
Net interest income $ 3.22 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.39 million
Total non interest expense $ 1.67 million
Pre-tax Net Operating Income $ 1.94 million

Bank Loan Profile?

The top three loan types in Peoples Bank Midwest’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Wisconsin, Peoples Bank Midwest has a significantly higher percent of Construction and Development 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 18.23
Multifamily
Mortgages
8.27
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 14.23
Construction and Development Loans 14.85
Commercial Real Estate 42.45
Commercial and Industrial Loans 11.71
Farm Loans 0.00

Frequently Asked Questions About Peoples Bank Midwest

Branches and Savings

Is Peoples Bank Midwest FDIC insured?

Yes. It is covered under FDIC Certificate #5347.

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

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

Why are Peoples Bank Midwest CD rates not competitive?

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

Is Peoples Bank Midwest a commercial bank?

Yes

Where are Peoples Bank Midwest locations?

See branch locations nearby.

Is Peoples Bank Midwest open on Saturdays?

Is Peoples Bank Midwest open on Sundays?

What time does Peoples Bank Midwest open?

What time does Peoples Bank Midwest close?

Are Peoples Bank Midwest ATMs Open 24/7?

Do Peoples Bank Midwest ATMs accept cash deposits?

Can Peoples Bank Midwest customers use other ATMs?

Do Peoples Bank Midwest branches have notaries?

Will Peoples Bank Midwest notarize my document?

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

Will the Peoples Bank Midwest branch print checks?

Do Peoples Bank Midwest checks expire?

Does Peoples Bank Midwest require US citizenship to open account?

Can Peoples Bank Midwest close my account?

Does Peoples Bank Midwest Report to credit bureaus?

Does Peoples Bank Midwest Use Equifax?

What is Peoples Bank Midwest's ACH Routing Number?

What is Peoples Bank Midwest's SWIFT code?

Products

Does Peoples Bank Midwest offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Peoples Bank Midwest offer personal loans?

Compare personal loan rates here.

Does Peoples Bank Midwest offer student loans?

Will Peoples Bank Midwest cash a check?

Will Peoples Bank Midwest redeem a savings bond?

Does Peoples Bank Midwest cash savings bonds?

Will Peoples Bank Midwest cash money orders?

Can Peoples Bank Midwest issue a money order?

Does Peoples Bank Midwest do currency exchange?

Background on The Bank

Who owns Peoples Bank Midwest?

How long has Peoples Bank Midwest been around?

Can Peoples Bank Midwest transfer to other banks?

Does Peoples Bank Midwest have quick pay?

Does Peoples Bank Midwest accept rolled coins?

Will Peoples Bank Midwest accept loose change?

Where is Peoples Bank Midwest headquarters?

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