Mid-america Bank Mortgage Rates, Fees & Info

Baldwin City, KS

LEI: 549300214PKB2Y1ZWH75

Tax ID: 48-0435820

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Bank Data

Review & Overview

Mid-america Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out 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 Salina among others. We have data for 35 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. Mid-america Bank 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.65% 12/16/24
30 Year Conventional Refi 6.71% 12/16/24
30 Year Cash-out Refi 6.55% 12/16/24
15 Year Conventional Purchase 6.40% 12/16/24
15 Year Conventional Refi 6.87% 12/16/24
15 Year Cash-out Refi 6.87% 12/16/24
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

956

Origination Dollar Volume (All Markets)

$225,300,000

Employee count

56 Show all (6) awards

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) 412 $97,770,000 $237,306 $2,065 3.42%
KANSAS CITY, MO-KS (FHA|USDA|VA) 296 $77,400,000 $261,486 $2,081 3.47%
Ottawa, KS (FHA|USDA|VA) 87 $15,025,000 $172,701 $1,938 3.42%
TOPEKA, KS (FHA|USDA|VA) 78 $13,220,000 $169,487 $2,008 3.35%
Outside of Metro Areas 41 $9,375,000 $228,659 $2,226 3.31%
Salina, KS (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 4.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $1,140,000 $285,000 $2,116 2.81%
MANHATTAN, KS (FHA|USDA|VA) 5 $915,000 $183,000 $2,236 4.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $755,000 $755,000 $4,658 2.88%
WICHITA, KS (FHA|USDA|VA) 4 $720,000 $180,000 $2,483 4.00%
Branson, MO (FHA|USDA|VA) 2 $710,000 $355,000 $1,486 4.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $660,000 $330,000 $2,930 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $565,000 $565,000 $4,980 3.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $535,000 $535,000 $5,391 2.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $535,000 $535,000 $3,755 3.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $525,000 $525,000 $5,113 3.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $3,982 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 3.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $365,000 $365,000 $3,082 2.75%
BOULDER, CO (FHA|USDA|VA) 1 $365,000 $365,000 $2,876 3.38%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $305,000 $305,000 $2,921 3.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $295,000 $295,000 $2,984 3.13%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,853 2.75%
Kearney, NE (FHA|USDA|VA) 1 $235,000 $235,000 $2,172 2.88%
LOUISVILLE, KY (FHA|USDA|VA) 1 $215,000 $215,000 $2,590 4.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,376 3.38%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $165,000 $165,000 $3,165 3.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.25%
ROCHESTER, MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,316 2.88%
Dodge City, KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,093 3.38%
Great Bend, KS (FHA|USDA|VA) 1 $135,000 $135,000 $1,941 3.00%
Atchison, KS (FHA|USDA|VA) 1 $135,000 $135,000 $1,873 2.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.50%
Emporia, KS (FHA|USDA|VA) 1 $45,000 $45,000 $1,553 4.50%
Mid-america Bank's top markets include Lawrence, Kansas City, Ottawa, Topeka, and Salina among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 956 $225,300,000 $235,669 $2,093 3.43%

    For 2021, Mid-america Bank's most frequently originated type of loan was Conventional, with 956 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 432 $114,020,000 $263,935 $2,386 3.54%
    Refi 276 $59,040,000 $213,913 $1,826 3.45%
    Cash Out Refi 209 $48,725,000 $233,134 $2,049 3.05%
    Other 28 $2,870,000 $102,500 $1,227 4.01%
    Home Improvement 11 $645,000 $58,636 $1,090 4.50%

    For 2021, Mid-america Bank's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Refi, with 276 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 539 $140,675,000 $260,993 $2,202 3.27%
    15 Year 166 $30,780,000 $185,422 $1,927 3.15%
    Other 122 $27,820,000 $228,033 $1,718 4.14%
    20 Year 90 $18,730,000 $208,111 $2,016 3.63%
    10 Year 14 $1,050,000 $75,000 $1,321 4.02%
    5 Year 11 $785,000 $71,364 $1,041 3.77%
    30+ year 8 $3,000,000 $375,000 $0 4.25%
    1 Year 6 $2,460,000 $410,000 $2,363 4.54%

    For 2021, Mid-america Bank's most frequently cited loan duration was 30 Year, with 539 originations. The 2nd most popular length was 15 Year, with 166 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 717 $170,025,000 $237,134
    $1k-2k 2 $180,000 $90,000
    $5k+ 2 $930,000 $465,000
    $2k-3k 1 $305,000 $305,000
    $4k-5k 1 $375,000 $375,000

    Mid-america Bank's average total fees were $2,202, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 717 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 351 $86,655,000 $246,880
    2.5-3% 330 $83,240,000 $252,242
    4-5% 204 $40,630,000 $199,167
    <2.5% 59 $13,255,000 $224,661
    5-6% 12 $1,520,000 $126,667

    During 2021, Mid-america Bank's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 372 $102,950,000 $276,747 $2,172 3.31%
    $100k-200k 327 $48,435,000 $148,119 $1,937 3.39%
    $100,000 or less 134 $8,890,000 $66,343 $1,499 3.89%
    $400k-600k 108 $50,980,000 $472,037 $2,732 3.32%
    $600k-1MM 11 $8,795,000 $799,545 $3,624 3.89%
    $1MM+ 4 $5,250,000 $1,312,500 $0 3.81%

    2021 saw Mid-america Bank place emphasis on $200k-400k loans with 372 originations, totaling $102,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 210 $49,940,000 $237,810 $2,117 3.32%
    $150k-250k 174 $48,240,000 $277,241 $2,302 3.22%
    $50k-75k 144 $23,290,000 $161,736 $1,986 3.42%
    $75k-100k 132 $27,400,000 $207,576 $1,936 3.30%
    $50k or less 88 $12,470,000 $141,705 $1,949 3.38%
    $250k+ 87 $29,685,000 $341,207 $2,333 3.38%

    Mid-america Bank lent most frequently to those with incomes in the $100k-150k range, with 210 originations. The second most popular income band? $150k-250k, with 174 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 255 $59,015,000 $231,431 $2,165 3.15%
    <20% 153 $34,695,000 $226,765 $2,048 3.04%
    30-36% 138 $32,460,000 $235,217 $2,099 3.21%
    37% 23 $5,305,000 $230,652 $2,129 3.38%
    38% 23 $6,015,000 $261,522 $1,880 3.23%
    36% 19 $4,465,000 $235,000 $2,020 3.13%
    42% 17 $4,545,000 $267,353 $2,082 3.19%
    40% 17 $3,115,000 $183,235 $1,961 3.24%
    41% 16 $3,950,000 $246,875 $2,021 3.27%
    43% 16 $4,910,000 $306,875 $2,146 3.30%
    39% 13 $2,515,000 $193,462 $2,155 3.36%
    44% 12 $2,950,000 $245,833 $2,210 3.14%
    >60% 11 $1,835,000 $166,818 $1,727 4.11%
    46% 10 $2,550,000 $255,000 $2,177 3.26%
    50-60% 9 $2,405,000 $267,222 $2,022 4.03%
    45% 9 $2,825,000 $313,889 $2,149 3.31%
    48% 6 $1,000,000 $166,667 $1,654 4.04%
    47% 5 $1,245,000 $249,000 $2,114 3.70%
    49% 3 $1,085,000 $361,667 $2,233 2.96%

    Mid-america Bank lent most frequently to those with DTI ratios of 20-30%, with 255 originations. The next most common DTI ratio? <20%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 781 $177,635,000 $227,446 $2,079 3.33%
    Not applicable 109 $31,145,000 $285,734 $0 4.25%
    Not provided 51 $12,585,000 $246,765 $2,245 3.26%
    Black 6 $1,940,000 $323,333 $2,222 3.29%
    Asian 7 $1,695,000 $242,143 $2,534 3.54%
    American Indian 2 $300,000 $150,000 $1,947 3.19%

    Approval Rates

    Total approvals of all applications
    99.90%

    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
    95.50%

    Mid-america Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 956 $225,300,000 $235,669

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    956 $225,300,000 $235,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $12,565,000 $159,051 $1,833 3.38%
    40-60% 149 $30,605,000 $205,403 $1,954 3.16%
    60-80% 440 $114,270,000 $259,705 $2,201 3.48%
    80-100% 253 $65,625,000 $259,387 $2,249 3.40%
    Over 100% 1 $145,000 $145,000 $0 4.25%
    Under 20% 34 $2,090,000 $61,471 $956 4.26%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MidAmerica Mortgage Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.8%
    MidAmerica Mortgage Inc Conventional home mortgage Trouble during payment process 6 11.5%
    MidAmerica Mortgage Inc FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.8%
    MidAmerica Mortgage Inc FHA mortgage Closing on a mortgage 1 1.9%
    MidAmerica Mortgage Inc FHA mortgage Incorrect information on your report 5 9.6%
    MidAmerica Mortgage Inc FHA mortgage Struggling to pay mortgage 6 11.5%
    MidAmerica Mortgage Inc FHA mortgage Trouble during payment process 14 26.9%
    MidAmerica Mortgage Inc Other type of mortgage Struggling to pay mortgage 1 1.9%
    MidAmerica Mortgage Inc Other type of mortgage Trouble during payment process 2 3.8%
    MidAmerica Mortgage Inc VA mortgage Incorrect information on your report 1 1.9%
    MidAmerica Mortgage Inc VA mortgage Struggling to pay mortgage 5 9.6%
    MidAmerica Mortgage Inc VA mortgage Trouble during payment process 7 13.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mid-America Bank 1008 Poplar Wellsville, KS 66092 Full Service B&M $40,648
    Mid-America Bank 18365 Gardner Rd. Gardner, KS 66030 Full Service B&M $15,959
    Mid-America Bank 4114 W. 6th Street Lawrence, KS 66049 Full Service B&M $49,426
    Mid-America Bank 802 Ames Street Baldwin City, KS 66006 Full Service B&M $139,431

    For 2021, Mid-america Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,594
    Net interest income $9,617
    Total noninterest income $6,603
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $141
    Trading account gains and fees $0
    Additional Noninterest Income $6,462
    Pre-tax net operating income $8,203
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,794
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,794
    Minority interest net income $0
    Net income $6,794
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,794

    Mid-america Bank's gross interest income from loans was $12,594,000.
    Mid-america Bank's net interest income from loans was $9,617,000.
    Mid-america Bank's fee based income from loans was $141,000.
    Mid-america Bank's net income from loans was $6,794,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,977
    Provision for credit losses $280
    Total noninterest expense $7,737
    Salaries and employee benefits $4,429
    Premises and equipment expense $966
    Additional noninterest expense $2,342
    Applicable income taxes $1,409
    Net charge-offs $-2
    Cash dividends $1,290

    Mid-america Bank's interest expense for loans was $2,977,000.
    Mid-america Bank's payroll and benefits expense were $4,429,000.
    Mid-america Bank's property, plant and equipment expenses $966,000.

    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 $239,771
    Deposits held in domestic offices $239,771
    Deposits by Individuals, partnerships, and corporations $215,184
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,240
    Deposits by Commercial banks and other depository institutions in U.S. $5,347
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,646
    Demand deposits $68,476
    Nontransaction accounts $166,125
    Money market deposit accounts (MMDAs) $71,707
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $94,418
    Total time and savings deposits $171,295
    Noninterest-bearing deposits $41,860
    Interest-bearing deposits $197,911
    Retail deposits $214,227
    IRAs and Keogh plan accounts $9,478
    Brokered deposits $7,508
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $306,026
    Cash & Balances due from depository institutions $37,226
    Interest-bearing balances $34,716
    Total securities $5,082
    Federal funds sold & reverse repurchase $0
    Net loans and leases $240,798
    Loan and leases loss allowance $3,830
    Trading account assets $0
    Bank premises and fixed assets $6,201
    Other real estate owned $0
    Goodwill and other intangibles $3,828
    All other assets $12,891

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $306,026
    Total Liabilities $274,031
    Total deposits $239,771
    Interest-bearing deposits $197,911
    Deposits held in domestic offices $239,771
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $32,515
    Subordinated debt $0
    All other liabilities $1,745

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $240,798
    Loan and leases loss allowance $3,830
    Total loans and leases (domestic) $244,628
    All real estate loans $230,867
    Real estate loans in domestic offices $230,867
    Construction and development loans $44,131
    Residential 1-4 family construction $23,383
    Other construction, all land development and other land $20,748
    Loans secured by nonfarm nonresidential properties $23,715
    Nonfarm nonresidential secured by owner-occupied properties $12,203
    Commercial real estate & other non-farm, non-residential $11,512
    Multifamily residential real estate $8,541
    1-4 family residential loans $134,169
    Farmland loans $20,311
    Loans held in foreign offices $0
    Farm loans $212
    Commercial and industrial loans $11,031
    To non-U.S. addressees $0
    Loans to individuals $2,511
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $653
    Other loans to individuals $1,858
    All other loans & leases $8
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 $240,798,000 of loans outstanding in 2021. $230,867,000 of loans were in real estate loans. $44,131,000 of loans were in development loans. $8,541,000 of loans were in multifamily mortgage loans. $134,169,000 of loans were in 1-4 family mortgage loans. $212,000 of loans were in farm loans. $0 of loans were in credit card loans. $653,000 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 83 $17,913 $215,819
    Nonfarm, nonresidential loans - <$100k 14 $678 $48,429
    Nonfarm, nonresidential loans - $100-250k 36 $4,629 $128,583
    Nonfarm, nonresidential loans - $250k-1MM 33 $12,606 $382,000
    Commercial & Industrial, US addressed loans - <$1MM 83 $6,631 $79,892
    Commercial & Industrial, US addressed loans - <$100k 61 $1,147 $18,803
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,020 $102,000
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $4,464 $372,000
    Farmland loans - <$1MM 69 $10,831 $156,971
    Farmland loans - <$100k 18 $943 $52,389
    Farmland loans - $100-250k 34 $4,748 $139,647
    Farmland loans - $250k-1MM 17 $5,140 $302,353
    Agriculture operations loans - <$1MM 14 $212 $15,143
    Agriculture operations loans - <$100k 14 $212 $15,143