Midwest Heritage Bank Fsb Mortgage Rates, Fees & Info

CHARITON, IA

LEI: 254900FI363837PZX856

Tax ID: 42-0431125

5 stars - out of 5 stars, based on 25 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Midwest Heritage Bank Fsb is a smaller bank specializing in Home Purchase and Refi loans. Midwest Heritage Bank Fsb has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Des Moines, Minneapolis, Kansas City, Ames, and Omaha among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midwest Heritage Bank Fsb has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Midwest Heritage Bank Fsb is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.59% 3/19/23
    30 Year Conventional Refi 6.34% 3/19/23
    30 Year Cash-out Refi 6.55% 3/19/23
    30 Year VA Refi 6.27% 3/19/23
    30 Year USDA Purchase 6.64% 3/19/23
    15 Year Conventional Purchase 5.82% 3/19/23
    15 Year Conventional Refi 5.74% 3/19/23
    15 Year Cash-out Refi 5.74% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    642

    Origination Dollar Volume (All Markets)

    $134,990,000

    Employee count

    147 Show all (6) awards

    Relative Rate

    Midwest Heritage Bank Fsb's average 30 year fixed mortgage rate was 3.08%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.07%.

    Relative Fees (Closing Costs)

    Midwest Heritage Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $2,220.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 283 $58,375,000 $206,272 $1,819 3.29%
    Outside of Metro Areas 111 $17,295,000 $155,811 $2,502 3.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 19 $6,995,000 $368,158 $3,100 3.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 34 $6,450,000 $189,706 $1,686 2.97%
    AMES, IA (FHA|USDA|VA) 33 $5,705,000 $172,879 $1,976 2.97%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 21 $4,395,000 $209,286 $2,086 3.04%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,745,000 $392,143 $4,637 2.70%
    SIOUX FALLS, SD (FHA|USDA|VA) 8 $2,170,000 $271,250 $1,654 4.20%
    Brainerd, MN (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $8,095 3.31%
    LINCOLN, NE (FHA|USDA|VA) 8 $1,920,000 $240,000 $1,885 3.03%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 9 $1,875,000 $208,333 $2,165 3.46%
    ROCHESTER, MN (FHA|USDA|VA) 5 $1,565,000 $313,000 $3,263 3.03%
    Pella, IA (FHA|USDA|VA) 7 $1,395,000 $199,286 $2,098 2.82%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $3,237 3.31%
    IOWA CITY, IA (FHA|USDA|VA) 5 $1,145,000 $229,000 $1,639 3.60%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,040,000 $520,000 $3,725 3.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $910,000 $455,000 $5,468 3.44%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 5 $905,000 $181,000 $2,403 2.95%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 5 $885,000 $177,000 $2,570 2.68%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $720,000 $360,000 $2,184 2.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $700,000 $350,000 $2,891 2.69%
    PEORIA, IL (FHA|USDA|VA) 4 $660,000 $165,000 $1,830 3.28%
    MADISON, WI (FHA|USDA|VA) 2 $660,000 $330,000 $2,347 3.63%
    Ottumwa, IA (FHA|USDA|VA) 4 $620,000 $155,000 $2,097 2.84%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $620,000 $310,000 $3,719 3.00%
    TOPEKA, KS (FHA|USDA|VA) 4 $590,000 $147,500 $2,063 2.97%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $570,000 $285,000 $2,096 2.81%
    Austin, MN (FHA|USDA|VA) 2 $520,000 $260,000 $2,879 3.44%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $490,000 $245,000 $1,851 3.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,458 2.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $460,000 $230,000 $1,809 2.81%
    Mason City, IA (FHA|USDA|VA) 2 $460,000 $230,000 $1,998 3.19%
    LAWRENCE, KS (FHA|USDA|VA) 1 $435,000 $435,000 $1,775 3.13%
    MANKATO, MN (FHA|USDA|VA) 1 $435,000 $435,000 $3,042 3.25%
    DUBUQUE, IA (FHA|USDA|VA) 2 $410,000 $205,000 $1,845 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $395,000 $395,000 $3,391 3.25%
    Winona, MN (FHA|USDA|VA) 1 $395,000 $395,000 $2,341 3.38%
    Ottawa, IL (FHA|USDA|VA) 1 $385,000 $385,000 $3,013 3.13%
    JOPLIN, MO (FHA|USDA|VA) 3 $365,000 $121,667 $0 3.80%
    Warrensburg, MO (FHA|USDA|VA) 1 $365,000 $365,000 $1,613 3.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $330,000 $165,000 $2,487 2.44%
    Watertown, SD (FHA|USDA|VA) 1 $315,000 $315,000 $2,685 2.88%
    Carroll, IA (FHA|USDA|VA) 1 $315,000 $315,000 $3,288 2.75%
    Marshalltown, IA (FHA|USDA|VA) 1 $305,000 $305,000 $2,184 3.25%
    Columbus, NE (FHA|USDA|VA) 1 $275,000 $275,000 $2,678 2.88%
    Albert Lea, MN (FHA|USDA|VA) 2 $270,000 $135,000 $1,668 4.19%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $265,000 $265,000 $2,170 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,402 3.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $255,000 $255,000 $2,078 2.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,384 4.75%
    Fort Dodge, IA (FHA|USDA|VA) 1 $235,000 $235,000 $2,230 2.38%
    Owatonna, MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,645 4.38%
    Galesburg, IL (FHA|USDA|VA) 2 $190,000 $95,000 $2,094 2.50%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $190,000 $95,000 $1,392 4.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $2,706 2.75%
    Brookings, SD (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
    Fremont, NE (FHA|USDA|VA) 1 $175,000 $175,000 $1,985 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,088 2.00%
    Muscatine, IA (FHA|USDA|VA) 1 $155,000 $155,000 $1,930 2.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,768 2.75%
    Kirksville, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,451 3.88%
    MANHATTAN, KS (FHA|USDA|VA) 1 $125,000 $125,000 $1,486 2.25%
    Storm Lake, IA (FHA|USDA|VA) 1 $95,000 $95,000 $988 2.00%
    Quincy, IL-MO (FHA|USDA|VA) 1 $85,000 $85,000 $1,896 2.75%
    Worthington, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,212 3.00%
    Clinton, IA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.00%
    Oskaloosa, IA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
    Sterling, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,843 2.63%
    Midwest Heritage Bank Fsb's top markets include Des Moines, Minneapolis, Kansas City, Ames, and Omaha among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Midwest Heritage Bank FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 641 $134,855,000 $210,382 $2,142 3.21%
    USDA 1 $135,000 $135,000 $3,787 2.75%

    For 2021, Midwest Heritage Bank Fsb's most frequently originated type of loan was Conventional, with 641 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $66,790,000 $262,953 $2,653 3.53%
    Refi 211 $40,205,000 $190,545 $1,965 2.80%
    Cash Out Refi 128 $24,130,000 $188,516 $2,000 2.82%
    Home Improvement 32 $2,310,000 $72,188 $822 3.89%
    Other 17 $1,555,000 $91,471 $1,100 5.22%

    For 2021, Midwest Heritage Bank Fsb's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 211 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 291 $68,705,000 $236,100 $2,220 3.08%
    15 Year 178 $32,600,000 $183,146 $2,082 2.41%
    Other 113 $23,975,000 $212,168 $2,189 4.68%
    20 Year 33 $6,435,000 $195,000 $1,932 3.21%
    10 Year 13 $1,995,000 $153,462 $1,646 3.32%
    5 Year 12 $1,200,000 $100,000 $377 4.07%
    1 Year 1 $35,000 $35,000 $413 5.50%
    3 Year 1 $45,000 $45,000 $0 3.95%

    For 2021, Midwest Heritage Bank Fsb's most frequently cited loan duration was 30 Year, with 291 originations. The 2nd most popular length was 15 Year, with 178 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 531 $106,775,000 $201,083
    $1k-2k 30 $5,830,000 $194,333
    $2k-3k 11 $3,015,000 $274,091
    $4k-5k 5 $3,835,000 $767,000
    $5k+ 5 $5,755,000 $1,151,000
    $3k-4k 4 $1,670,000 $417,500

    Midwest Heritage Bank Fsb's average total fees were $2,220, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 531 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 233 $60,055,000 $257,747
    2.5-3% 169 $37,545,000 $222,160
    <2.5% 168 $28,670,000 $170,655
    4-5% 36 $5,380,000 $149,444
    5-6% 21 $2,335,000 $111,190
    7-8% 10 $770,000 $77,000
    Over 8% 3 $105,000 $35,000
    6-7% 2 $130,000 $65,000

    During 2021, Midwest Heritage Bank Fsb's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 227 $33,495,000 $147,555 $1,998 2.97%
    $200k-400k 211 $58,775,000 $278,555 $2,325 3.09%
    $100,000 or less 145 $8,885,000 $61,276 $1,386 3.76%
    $400k-600k 47 $22,485,000 $478,404 $2,638 3.08%
    $600k-1MM 8 $5,810,000 $726,250 $6,217 3.89%
    $1MM+ 4 $5,540,000 $1,385,000 $10,601 3.91%

    2021 saw Midwest Heritage Bank Fsb place emphasis on $100k-200k loans with 227 originations, totaling $33,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 155 $32,265,000 $208,161 $1,945 3.10%
    $50k-75k 104 $14,270,000 $137,212 $1,988 3.02%
    $75k-100k 99 $16,165,000 $163,283 $1,978 3.18%
    $250k+ 87 $34,945,000 $401,667 $3,071 3.33%
    $150k-250k 78 $21,580,000 $276,667 $2,134 3.32%
    $50k or less 64 $6,190,000 $96,719 $1,929 2.95%

    Midwest Heritage Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 155 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 186 $40,200,000 $216,129 $2,197 3.07%
    30-36% 132 $29,040,000 $220,000 $2,160 3.31%
    <20% 97 $23,275,000 $239,948 $2,291 2.91%
    40% 22 $4,790,000 $217,727 $2,051 3.14%
    37% 21 $3,705,000 $176,429 $2,159 3.41%
    44% 21 $3,695,000 $175,952 $1,989 3.11%
    36% 18 $4,280,000 $237,778 $1,999 2.90%
    42% 15 $2,745,000 $183,000 $1,994 2.83%
    41% 14 $2,760,000 $197,143 $2,034 3.16%
    38% 14 $2,790,000 $199,286 $1,825 2.86%
    46% 12 $2,010,000 $167,500 $2,086 3.13%
    39% 12 $2,220,000 $185,000 $1,911 3.88%
    43% 9 $1,945,000 $216,111 $1,955 3.36%
    47% 8 $1,850,000 $231,250 $2,191 2.77%
    45% 6 $1,670,000 $278,333 $1,644 3.04%
    50-60% 5 $615,000 $123,000 $2,082 5.05%
    49% 4 $510,000 $127,500 $1,717 3.34%

    Midwest Heritage Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 186 originations. The next most common DTI ratio? 30-36%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 540 $117,140,000 $216,926 $2,159 3.15%
    Not provided 47 $8,795,000 $187,128 $1,990 3.18%
    Not applicable 39 $6,445,000 $165,256 $0 4.17%
    Black 7 $1,055,000 $150,714 $2,016 3.41%
    Asian 5 $895,000 $179,000 $2,269 3.00%
    American Indian 3 $515,000 $171,667 $2,113 2.88%
    Other Asian 1 $145,000 $145,000 $1,533 2.63%

    Approval Rates

    Total approvals of all applications
    86.38%

    Midwest Heritage Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.44%

    Midwest Heritage Bank Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2579.98 1 $425,000 $425,000
    NA 641 $134,565,000 $209,930

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    642 $134,990,000 $210,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $6,975,000 $131,604 $1,541 3.76%
    40-60% 102 $18,970,000 $185,980 $2,021 2.71%
    60-80% 244 $53,390,000 $218,811 $2,115 2.98%
    80-100% 195 $52,475,000 $269,103 $2,751 3.20%
    Under 20% 48 $3,180,000 $66,250 $394 4.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Incorrect information on your report 1 14.3%
    Midwest Loan Services, Inc. Conventional home mortgage Struggling to pay mortgage 1 14.3%
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 28.6%
    Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 14.3%
    Midwest Loan Services, Inc. Other type of mortgage Closing on a mortgage 1 14.3%
    Midwest Loan Services, Inc. VA mortgage Trouble during payment process 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Midwest Heritage Bank, FSB 1025 Braden Avenue Chariton, IA 50049 Full Service B&M $86,575
    Midwest Heritage Bank, FSB 640 Lincoln Way Ames, IA 50010 Full Service B&M $16,731
    Midwest Heritage Bank, FSB 7101 University Windsor Heights, IA 50311 Full Service B&M $15,338
    Midwest Heritage Bank, FSB 8601 Douglas Avenue Urbandale, IA 50322 Full Service B&M $19,847
    Midwest Heritage Bank, FSB 8900 W 135th St Overland Park, KS 66221 Limited, Administrative $0
    Midwest Heritage Bank, FSB 1725 74th Street West Des Moines, IA 50266 Full Service B&M $20,295
    Midwest Heritage Bank, FSB 3580 Ep True Parkway, Suite 100 West Des Moines, IA 50265 Full Service B&M $151,310
    Midwest Heritage Bank, FSB 4605 Fleur Drive Des Moines, IA 50321 Full Service B&M $7,283

    For 2021, Midwest Heritage Bank Fsb had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,514
    Net interest income $10,754
    Total noninterest income $17,697
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $944
    Trading account gains and fees $0
    Additional Noninterest Income $16,753
    Pre-tax net operating income $8,078
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,107
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,107
    Minority interest net income $0
    Net income $6,107
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,107

    Midwest Heritage Bank Fsb's gross interest income from loans was $11,514,000.
    Midwest Heritage Bank Fsb's net interest income from loans was $10,754,000.
    Midwest Heritage Bank Fsb's fee based income from loans was $944,000.
    Midwest Heritage Bank Fsb's net income from loans was $6,107,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $760
    Provision for credit losses $35
    Total noninterest expense $20,338
    Salaries and employee benefits $12,666
    Premises and equipment expense $3,047
    Additional noninterest expense $4,625
    Applicable income taxes $1,971
    Net charge-offs $91
    Cash dividends $3,000

    Midwest Heritage Bank Fsb's interest expense for loans was $760,000.
    Midwest Heritage Bank Fsb's payroll and benefits expense were $12,666,000.
    Midwest Heritage Bank Fsb's property, plant and equipment expenses $3,047,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $302,416
    Deposits held in domestic offices $302,416
    Deposits by Individuals, partnerships, and corporations $283,368
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,048
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $152,642
    Demand deposits $151,543
    Nontransaction accounts $149,774
    Money market deposit accounts (MMDAs) $66,255
    Other savings deposits (excluding MMDAs) $67,249
    Total time deposits $16,271
    Total time and savings deposits $150,873
    Noninterest-bearing deposits $84,037
    Interest-bearing deposits $218,378
    Retail deposits $297,782
    IRAs and Keogh plan accounts $1,651
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $354,210
    Cash & Balances due from depository institutions $52,904
    Interest-bearing balances $49,049
    Total securities $36,926
    Federal funds sold & reverse repurchase $565
    Net loans and leases $240,223
    Loan and leases loss allowance $2,403
    Trading account assets $0
    Bank premises and fixed assets $5,498
    Other real estate owned $26
    Goodwill and other intangibles $3,686
    All other assets $14,382

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $354,210
    Total Liabilities $307,813
    Total deposits $302,416
    Interest-bearing deposits $218,378
    Deposits held in domestic offices $302,416
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $500
    Subordinated debt $0
    All other liabilities $4,897

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $240,223
    Loan and leases loss allowance $2,403
    Total loans and leases (domestic) $242,626
    All real estate loans $157,547
    Real estate loans in domestic offices $157,547
    Construction and development loans $2,756
    Residential 1-4 family construction $412
    Other construction, all land development and other land $2,344
    Loans secured by nonfarm nonresidential properties $35,496
    Nonfarm nonresidential secured by owner-occupied properties $15,292
    Commercial real estate & other non-farm, non-residential $20,204
    Multifamily residential real estate $5,442
    1-4 family residential loans $76,069
    Farmland loans $37,784
    Loans held in foreign offices $0
    Farm loans $12,661
    Commercial and industrial loans $23,631
    To non-U.S. addressees $0
    Loans to individuals $47,226
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $11,995
    Other loans to individuals $35,083
    All other loans & leases $1,561
    Loans to foreign governments and official institutions $0
    Other loans $23
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $25
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Midwest Heritage Bank FSB had $240,223,000 of loans outstanding in 2021. $157,547,000 of loans were in real estate loans. $2,756,000 of loans were in development loans. $5,442,000 of loans were in multifamily mortgage loans. $76,069,000 of loans were in 1-4 family mortgage loans. $12,661,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,995,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 56 $11,959 $213,554
    Nonfarm, nonresidential loans - <$100k 15 $826 $55,067
    Nonfarm, nonresidential loans - $100-250k 18 $2,791 $155,056
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,342 $362,696
    Commercial & Industrial, US addressed loans - <$1MM 169 $12,656 $74,888
    Commercial & Industrial, US addressed loans - <$100k 121 $3,327 $27,496
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,745 $107,000
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $5,584 $429,538
    Farmland loans - <$1MM 118 $18,751 $158,907
    Farmland loans - <$100k 35 $1,975 $56,429
    Farmland loans - $100-250k 54 $7,493 $138,759
    Farmland loans - $250k-1MM 29 $9,283 $320,103
    Agriculture operations loans - <$1MM 112 $6,259 $55,884
    Agriculture operations loans - <$100k 83 $2,036 $24,530
    Agriculture operations loans - $100-250k 24 $2,670 $111,250
    Agriculture operations loans - $250k-1MM 5 $1,553 $310,600