Mid America Bank Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 549300DOV2RLYPY10B52

Tax ID: 43-0691607

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Mid America Bank is a smaller bank specializing in Home Purchase loans. Mid America Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jefferson City, Columbia, St. Louis, Kansas City, and Lakeland among others. We have data for 7 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 a below 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.

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    Originations

    258

    Origination Dollar Volume (All Markets)

    $49,600,000

    Employee count

    70

    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
    JEFFERSON CITY, MO (FHA|USDA|VA) 182 $30,260,000 $166,264 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 19 $11,895,000 $626,053 $0 0.00%
    Outside of Metro Areas 47 $6,035,000 $128,404 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $520,000 $130,000 $0 0.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Mid America Bank's top markets include Jefferson City, Columbia, St. Louis, Kansas City, and Lakeland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 250 $48,500,000 $194,000 $0 0.00%
    USDA 8 $1,100,000 $137,500 $0 0.00%

    For 2018, Mid America Bank's most frequently originated type of loan was Conventional, with 250 originations. Their 2nd most popular type was USDA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 179 $39,925,000 $223,045 $0 0.00%
    Refi 51 $7,535,000 $147,745 $0 0.00%
    Home Improvement 13 $755,000 $58,077 $0 0.00%
    Cash Out Refi 8 $1,180,000 $147,500 $0 0.00%
    Other 7 $205,000 $29,286 $0 0.00%

    For 2018, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 258 $49,600,000 $192,248 $0 0.00%

    For 2018, Mid America Bank's most frequently cited loan duration was Other, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 113 $15,915,000 $140,841 $0 0.00%
    $100,000 or less 86 $5,000,000 $58,140 $0 0.00%
    $200k-400k 51 $13,745,000 $269,510 $0 0.00%
    $1MM+ 4 $13,220,000 $3,305,000 $0 0.00%
    $400k-600k 4 $1,720,000 $430,000 $0 0.00%

    2018 saw Mid America Bank place emphasis on $100k-200k loans with 113 originations, totaling $15,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $7,405,000 $110,522 $0 0.00%
    $50k-75k 54 $7,440,000 $137,778 $0 0.00%
    $100k-150k 35 $6,175,000 $176,429 $0 0.00%
    $75k-100k 31 $5,235,000 $168,871 $0 0.00%
    $150k-250k 16 $2,830,000 $176,875 $0 0.00%
    $250k+ 6 $3,220,000 $536,667 $0 0.00%

    Mid America Bank lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 258 $49,600,000 $192,248 $0 0.00%

    Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $31,870,000 $154,709 $0 0.00%
    Not applicable 44 $16,340,000 $371,364 $0 0.00%
    Not provided 6 $930,000 $155,000 $0 0.00%
    Black 1 $265,000 $265,000 $0 0.00%
    Native Hawaiian or Islander 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.63%

    Mid America Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.48%

    Mid America Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 258 $49,600,000 $192,248

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,235,000 $2,235,000
    Multifamily:Site-Built 8 $10,090,000 $1,261,250
    Single Family (1-4 Units):Manufactured 11 $635,000 $57,727
    Single Family (1-4 Units):Site-Built 238 $36,640,000 $153,950

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MidAmerica Mortgage Inc Conventional home mortgage Struggling to pay mortgage 1 5.0%
    MidAmerica Mortgage Inc Conventional home mortgage Trouble during payment process 8 40.0%
    MidAmerica Mortgage Inc FHA mortgage Closing on a mortgage 1 5.0%
    MidAmerica Mortgage Inc FHA mortgage Trouble during payment process 3 15.0%
    MidAmerica Mortgage Inc VA mortgage Struggling to pay mortgage 1 5.0%
    MidAmerica Mortgage Inc VA mortgage Trouble during payment process 6 30.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mid America Bank 1511 Friendship Road Jefferson City, MO 65101 Full Service B&M $216,378
    Mid America Bank 502 E Main St Linn, MO 65051 Full Service B&M $29,805
    Mid America Bank 580 Karen Street Holts Summit, MO 65043 Full Service B&M $18,776
    Mid America Bank P.O. Box 727 Belle, MO 65013 Full Service B&M $13,609
    Mid America Bank Third And Bertha Meta, MO 65058 Full Service B&M $94,029

    For 2018, Mid America Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,037
    Net interest income $16,334
    Total noninterest income $1,509
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $549
    Trading account gains and fees $0
    Additional Noninterest Income $960
    Pre-tax net operating income $7,489
    Securities gains (or losses, -) $-39
    Income before extraordinary items $7,450
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,450
    Minority interest net income $0
    Net income $7,450
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,489

    Mid America Bank's gross interest income from loans was $19,037,000.
    Mid America Bank's net interest income from loans was $16,334,000.
    Mid America Bank's fee based income from loans was $549,000.
    Mid America Bank's net income from loans was $7,450,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,703
    Provision for credit losses $800
    Total noninterest expense $9,554
    Salaries and employee benefits $6,756
    Premises and equipment expense $866
    Additional noninterest expense $1,932
    Applicable income taxes $0
    Net charge-offs $115
    Cash dividends $3,275

    Mid America Bank's interest expense for loans was $2,703,000.
    Mid America Bank's payroll and benefits expense were $6,756,000.
    Mid America Bank's property, plant and equipment expenses $866,000.

    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 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    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 $368,492
    Deposits held in domestic offices $368,492
    Deposits by Individuals, partnerships, and corporations $355,653
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,839
    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 $143,291
    Demand deposits $127,661
    Nontransaction accounts $225,201
    Money market deposit accounts (MMDAs) $111,382
    Other savings deposits (excluding MMDAs) $43,613
    Total time deposits $70,206
    Total time and savings deposits $240,831
    Noninterest-bearing deposits $69,209
    Interest-bearing deposits $299,283
    Retail deposits $339,041
    IRAs and Keogh plan accounts $14,454
    Brokered deposits $16,441
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $468,640
    Cash & Balances due from depository institutions $12,744
    Interest-bearing balances $1,907
    Total securities $35,032
    Federal funds sold & reverse repurchase $36,167
    Net loans and leases $366,448
    Loan and leases loss allowance $5,322
    Trading account assets $0
    Bank premises and fixed assets $5,221
    Other real estate owned $316
    Goodwill and other intangibles $0
    All other assets $12,712

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $468,640
    Total Liabilities $419,488
    Total deposits $368,492
    Interest-bearing deposits $299,283
    Deposits held in domestic offices $368,492
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $50,017
    Subordinated debt $0
    All other liabilities $979

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $366,448
    Loan and leases loss allowance $5,322
    Total loans and leases (domestic) $371,770
    All real estate loans $300,333
    Real estate loans in domestic offices $300,333
    Construction and development loans $54,307
    Residential 1-4 family construction $20,388
    Other construction, all land development and other land $33,919
    Loans secured by nonfarm nonresidential properties $103,883
    Nonfarm nonresidential secured by owner-occupied properties $50,217
    Commercial real estate & other non-farm, non-residential $53,666
    Multifamily residential real estate $26,056
    1-4 family residential loans $99,250
    Farmland loans $16,837
    Loans held in foreign offices $0
    Farm loans $10,133
    Commercial and industrial loans $52,903
    To non-U.S. addressees $0
    Loans to individuals $8,318
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,617
    Other loans to individuals $4,701
    All other loans & leases $83
    Loans to foreign governments and official institutions $0
    Other loans $83
    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 $726
    Non 1-4 family restructured loans & leases $553
    Total loans and leases (foreign) $0

    Mid America Bank had $366,448,000 of loans outstanding in 2018. $300,333,000 of loans were in real estate loans. $54,307,000 of loans were in development loans. $26,056,000 of loans were in multifamily mortgage loans. $99,250,000 of loans were in 1-4 family mortgage loans. $10,133,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,617,000 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 186 $34,591 $185,973
    Nonfarm, nonresidential loans - <$100k 58 $2,561 $44,155
    Nonfarm, nonresidential loans - $100-250k 68 $8,420 $123,824
    Nonfarm, nonresidential loans - $250k-1MM 60 $23,610 $393,500
    Commercial & Industrial, US addressed loans - <$1MM 454 $32,418 $71,405
    Commercial & Industrial, US addressed loans - <$100k 332 $9,168 $27,614
    Commercial & Industrial, US addressed loans - $100-250k 81 $8,350 $103,086
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $14,900 $363,415
    Farmland loans - <$1MM 134 $16,837 $125,649
    Farmland loans - <$100k 48 $2,005 $41,771
    Farmland loans - $100-250k 52 $4,799 $92,288
    Farmland loans - $250k-1MM 34 $10,033 $295,088
    Agriculture operations loans - <$1MM 237 $8,965 $37,827
    Agriculture operations loans - <$100k 216 $4,455 $20,625
    Agriculture operations loans - $100-250k 15 $1,588 $105,867
    Agriculture operations loans - $250k-1MM 6 $2,922 $487,000