Mid-america Bank Mortgage Rates, Fees & Info

Baldwin City, KS

LEI: 549300214PKB2Y1ZWH75

Tax ID: 48-0435820

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Mortgage Data

Bank Data

Review & Overview

Mid-america Bank is a smaller bank specializing in Home Purchase and Refi loans. Mid-america Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lawrence, Kansas City, Ottawa, Topeka, and Wichita among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mid-america Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.65% 3/24/24
30 Year Conventional Refi 6.71% 3/24/24
30 Year Cash-out Refi 6.55% 3/24/24
15 Year Conventional Purchase 6.40% 3/24/24
15 Year Conventional Refi 6.87% 3/24/24
15 Year Cash-out Refi 6.87% 3/24/24
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.

Mid-america Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mid-america Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

606

Origination Dollar Volume (All Markets)

$120,450,000

Employee count

50

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
LAWRENCE, KS (FHA|USDA|VA) 310 $64,540,000 $208,194 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 146 $35,510,000 $243,219 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 60 $9,670,000 $161,167 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 52 $5,360,000 $103,077 $0 0.00%
Outside of Metro Areas 19 $2,685,000 $141,316 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 6 $710,000 $118,333 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 6 $400,000 $66,667 $0 0.00%
Garden City, KS (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Owatonna, MN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
McPherson, KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Great Bend, KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Mid-america Bank's top markets include Lawrence, Kansas City, Ottawa, Topeka, and Wichita among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 606 $120,450,000 $198,762 $0 0.00%

    For 2019, Mid-america Bank's most frequently originated type of loan was Conventional, with 606 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 312 $61,610,000 $197,468 $0 0.00%
    Refi 156 $33,300,000 $213,462 $0 0.00%
    Cash Out Refi 103 $22,585,000 $219,272 $0 0.00%
    Home Improvement 22 $1,410,000 $64,091 $0 0.00%
    Other 13 $1,545,000 $118,846 $0 0.00%

    For 2019, Mid-america Bank's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 606 $120,450,000 $198,762 $0 0.00%

    For 2019, Mid-america Bank's most frequently cited loan duration was Other, with 606 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 239 $35,665,000 $149,226 $0 0.00%
    $200k-400k 187 $51,255,000 $274,091 $0 0.00%
    $100,000 or less 126 $7,440,000 $59,048 $0 0.00%
    $400k-600k 51 $23,295,000 $456,765 $0 0.00%
    $600k-1MM 2 $1,490,000 $745,000 $0 0.00%
    $1MM+ 1 $1,305,000 $1,305,000 $0 0.00%

    2019 saw Mid-america Bank place emphasis on $100k-200k loans with 239 originations, totaling $35,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 130 $28,460,000 $218,923 $0 0.00%
    $75k-100k 97 $17,445,000 $179,845 $0 0.00%
    $150k-250k 96 $25,080,000 $261,250 $0 0.00%
    $50k-75k 88 $13,800,000 $156,818 $0 0.00%
    $50k or less 65 $6,935,000 $106,692 $0 0.00%
    $250k+ 45 $15,435,000 $343,000 $0 0.00%

    Mid-america Bank lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $75k-100k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 606 $120,450,000 $198,762 $0 0.00%

    Mid-america Bank lent most frequently to those with DTI ratios of Exempt%, with 606 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 485 $99,935,000 $206,052 $0 0.00%
    Not applicable 74 $10,570,000 $142,838 $0 0.00%
    Not provided 38 $8,200,000 $215,789 $0 0.00%
    Asian 6 $1,310,000 $218,333 $0 0.00%
    Black 2 $240,000 $120,000 $0 0.00%
    Asian Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Mid-america Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.25%

    Mid-america Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 606 $120,450,000 $198,762

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $870,000 $435,000
    Single Family (1-4 Units):Manufactured 9 $1,005,000 $111,667
    Single Family (1-4 Units):Site-Built 595 $118,575,000 $199,286

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MidAmerica Mortgage Inc Conventional home mortgage Trouble during payment process 6 28.6%
    MidAmerica Mortgage Inc FHA mortgage Struggling to pay mortgage 3 14.3%
    MidAmerica Mortgage Inc FHA mortgage Trouble during payment process 3 14.3%
    MidAmerica Mortgage Inc Other type of mortgage Trouble during payment process 2 9.5%
    MidAmerica Mortgage Inc VA mortgage Struggling to pay mortgage 1 4.8%
    MidAmerica Mortgage Inc VA mortgage Trouble during payment process 6 28.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mid-America Bank 1008 Poplar Wellsville, KS 66092 Full Service B&M $29,385
    Mid-America Bank 4114 W. 6th Street Lawrence, KS 66049 Full Service B&M $35,627
    Mid-America Bank 802 Ames Street Baldwin City, KS 66006 Full Service B&M $100,041

    For 2019, Mid-america Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,553
    Net interest income $8,220
    Total noninterest income $2,916
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $175
    Trading account gains and fees $0
    Additional Noninterest Income $2,741
    Pre-tax net operating income $3,767
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,889
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,889
    Minority interest net income $0
    Net income $2,889
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,889

    Mid-america Bank's gross interest income from loans was $11,553,000.
    Mid-america Bank's net interest income from loans was $8,220,000.
    Mid-america Bank's fee based income from loans was $175,000.
    Mid-america Bank's net income from loans was $2,889,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,333
    Provision for credit losses $485
    Total noninterest expense $6,884
    Salaries and employee benefits $3,675
    Premises and equipment expense $1,197
    Additional noninterest expense $2,012
    Applicable income taxes $878
    Net charge-offs $351
    Cash dividends $660

    Mid-america Bank's interest expense for loans was $3,333,000.
    Mid-america Bank's payroll and benefits expense were $3,675,000.
    Mid-america Bank's property, plant and equipment expenses $1,197,000.

    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 $192,569
    Deposits held in domestic offices $192,569
    Deposits by Individuals, partnerships, and corporations $161,914
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,966
    Deposits by Commercial banks and other depository institutions in U.S. $9,689
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $40,668
    Demand deposits $34,468
    Nontransaction accounts $151,901
    Money market deposit accounts (MMDAs) $49,765
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $102,136
    Total time and savings deposits $158,101
    Noninterest-bearing deposits $23,953
    Interest-bearing deposits $168,616
    Retail deposits $165,950
    IRAs and Keogh plan accounts $7,476
    Brokered deposits $13,267
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $243,850
    Cash & Balances due from depository institutions $27,850
    Interest-bearing balances $26,256
    Total securities $4,011
    Federal funds sold & reverse repurchase $16,866
    Net loans and leases $178,377
    Loan and leases loss allowance $2,862
    Trading account assets $0
    Bank premises and fixed assets $6,466
    Other real estate owned $1,120
    Goodwill and other intangibles $2,466
    All other assets $6,694

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $243,850
    Total Liabilities $221,213
    Total deposits $192,569
    Interest-bearing deposits $168,616
    Deposits held in domestic offices $192,569
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $27,207
    Subordinated debt $0
    All other liabilities $1,437

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $178,377
    Loan and leases loss allowance $2,862
    Total loans and leases (domestic) $181,239
    All real estate loans $169,115
    Real estate loans in domestic offices $169,115
    Construction and development loans $35,485
    Residential 1-4 family construction $20,326
    Other construction, all land development and other land $15,159
    Loans secured by nonfarm nonresidential properties $18,983
    Nonfarm nonresidential secured by owner-occupied properties $9,883
    Commercial real estate & other non-farm, non-residential $9,100
    Multifamily residential real estate $5,822
    1-4 family residential loans $99,226
    Farmland loans $9,599
    Loans held in foreign offices $0
    Farm loans $353
    Commercial and industrial loans $9,294
    To non-U.S. addressees $0
    Loans to individuals $2,463
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $818
    Other loans to individuals $1,645
    All other loans & leases $17
    Loans to foreign governments and official institutions $0
    Other loans $17
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Mid-America Bank had $178,377,000 of loans outstanding in 2019. $169,115,000 of loans were in real estate loans. $35,485,000 of loans were in development loans. $5,822,000 of loans were in multifamily mortgage loans. $99,226,000 of loans were in 1-4 family mortgage loans. $353,000 of loans were in farm loans. $0 of loans were in credit card loans. $818,000 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 77 $13,404 $174,078
    Nonfarm, nonresidential loans - <$100k 22 $874 $39,727
    Nonfarm, nonresidential loans - $100-250k 30 $3,714 $123,800
    Nonfarm, nonresidential loans - $250k-1MM 25 $8,816 $352,640
    Commercial & Industrial, US addressed loans - <$1MM 92 $6,046 $65,717
    Commercial & Industrial, US addressed loans - <$100k 66 $1,028 $15,576
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,168 $106,182
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,850 $256,667
    Farmland loans - <$1MM 54 $6,688 $123,852
    Farmland loans - <$100k 23 $1,093 $47,522
    Farmland loans - $100-250k 20 $2,374 $118,700
    Farmland loans - $250k-1MM 11 $3,221 $292,818
    Agriculture operations loans - <$1MM 21 $352 $16,762
    Agriculture operations loans - <$100k 21 $352 $16,762