Mid America Bank Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 549300DOV2RLYPY10B52
Tax ID: 43-0691607
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Jefferson City, Columbia, Chicago, Nashville, and St. Louis among others. We have data for 10 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.
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Originations
264Origination Dollar Volume (All Markets)
$54,350,000Employee count
71Top 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) | 221 | $38,605,000 | $174,683 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 11 | $9,915,000 | $901,364 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $4,180,000 | $174,167 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 259 | $53,635,000 | $207,085 | $0 | 0.00% |
| USDA | 5 | $715,000 | $143,000 | $0 | 0.00% |
For 2019, Mid America Bank's most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2019, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 264 | $54,350,000 | $205,871 | $0 | 0.00% |
For 2019, Mid America Bank's most frequently cited loan duration was Other, with 264 originations.
Loan Sizing
2019 saw Mid America Bank place emphasis on $100k-200k loans with 105 originations, totaling $14,875,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $100k-150k, with 51 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 264 | $54,350,000 | $205,871 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 264 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.27%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.27%
Mid America Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 264 | $54,350,000 | $205,871 |
Occupancy Type Mix
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 | 1511 Friendship Road Jefferson City, MO 65101 | Full Service B&M | $197,391 |
| Mid America Bank | 502 E Main St Linn, MO 65051 | Full Service B&M | $31,164 |
| Mid America Bank | 580 Karen Street Holts Summit, MO 65043 | Full Service B&M | $16,998 |
| Mid America Bank | P.O. Box 727 Belle, MO 65013 | Full Service B&M | $16,403 |
| Mid America Bank | Third And Bertha Meta, MO 65058 | Full Service B&M | $107,835 |
For 2019, Mid America Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,611 |
| Net interest income | $17,865 |
| Total noninterest income | $1,851 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $501 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,350 |
| Pre-tax net operating income | $8,168 |
| Securities gains (or losses, -) | $38 |
| Income before extraordinary items | $8,206 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,206 |
| Minority interest net income | $0 |
| Net income | $8,206 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,168 |
Mid America Bank's gross interest income from loans was $22,611,000.
Mid America Bank's net interest income from loans was $17,865,000.
Mid America Bank's fee based income from loans was $501,000.
Mid America Bank's net income from loans was $8,206,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,746 |
| Provision for credit losses | $845 |
| Total noninterest expense | $10,703 |
| Salaries and employee benefits | $7,044 |
| Premises and equipment expense | $950 |
| Additional noninterest expense | $2,709 |
| Applicable income taxes | $0 |
| Net charge-offs | $258 |
| Cash dividends | $4,000 |
Mid America Bank's interest expense for loans was $4,746,000.
Mid America Bank's payroll and benefits expense were $7,044,000.
Mid America Bank's property, plant and equipment expenses $950,000.
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 | 1.0% |
| 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 | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $394,856 |
| Deposits held in domestic offices | $394,856 |
| Deposits by Individuals, partnerships, and corporations | $375,388 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $18,977 |
| Deposits by Commercial banks and other depository institutions in U.S. | $491 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $182,898 |
| Demand deposits | $165,967 |
| Nontransaction accounts | $211,958 |
| Money market deposit accounts (MMDAs) | $78,993 |
| Other savings deposits (excluding MMDAs) | $59,815 |
| Total time deposits | $73,150 |
| Total time and savings deposits | $228,889 |
| Noninterest-bearing deposits | $131,191 |
| Interest-bearing deposits | $263,665 |
| Retail deposits | $363,740 |
| IRAs and Keogh plan accounts | $16,308 |
| Brokered deposits | $15,565 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $480,087 |
| Cash & Balances due from depository institutions | $44,869 |
| Interest-bearing balances | $36,702 |
| Total securities | $25,766 |
| Federal funds sold & reverse repurchase | $11,497 |
| Net loans and leases | $380,754 |
| Loan and leases loss allowance | $5,909 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,873 |
| Other real estate owned | $207 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,121 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $480,087 |
| Total Liabilities | $425,992 |
| Total deposits | $394,856 |
| Interest-bearing deposits | $263,665 |
| Deposits held in domestic offices | $394,856 |
| % insured (estimated) | $48 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $30,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,136 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $380,754 |
| Loan and leases loss allowance | $5,909 |
| Total loans and leases (domestic) | $386,663 |
| All real estate loans | $311,151 |
| Real estate loans in domestic offices | $311,151 |
| Construction and development loans | $50,841 |
| Residential 1-4 family construction | $22,161 |
| Other construction, all land development and other land | $28,680 |
| Loans secured by nonfarm nonresidential properties | $112,708 |
| Nonfarm nonresidential secured by owner-occupied properties | $47,042 |
| Commercial real estate & other non-farm, non-residential | $65,666 |
| Multifamily residential real estate | $33,025 |
| 1-4 family residential loans | $94,835 |
| Farmland loans | $19,742 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,953 |
| Commercial and industrial loans | $57,872 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,606 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $3,560 |
| Other loans to individuals | $5,046 |
| All other loans & leases | $81 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $81 |
| 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 | $2,243 |
| Non 1-4 family restructured loans & leases | $2,080 |
| Total loans and leases (foreign) | $0 |
Mid America Bank had $380,754,000 of loans outstanding in 2019. $311,151,000 of loans were in real estate loans. $50,841,000 of loans were in development loans. $33,025,000 of loans were in multifamily mortgage loans. $94,835,000 of loans were in 1-4 family mortgage loans. $8,953,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,560,000 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 | 273 | $46,117 | $168,927 |
| Nonfarm, nonresidential loans - <$100k | 135 | $12,785 | $94,704 |
| Nonfarm, nonresidential loans - $100-250k | 74 | $9,272 | $125,297 |
| Nonfarm, nonresidential loans - $250k-1MM | 64 | $24,060 | $375,938 |
| Commercial & Industrial, US addressed loans - <$1MM | 510 | $34,214 | $67,086 |
| Commercial & Industrial, US addressed loans - <$100k | 363 | $9,350 | $25,758 |
| Commercial & Industrial, US addressed loans - $100-250k | 98 | $9,999 | $102,031 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 49 | $14,865 | $303,367 |
| Farmland loans - <$1MM | 129 | $19,741 | $153,031 |
| Farmland loans - <$100k | 42 | $1,763 | $41,976 |
| Farmland loans - $100-250k | 43 | $3,963 | $92,163 |
| Farmland loans - $250k-1MM | 44 | $14,015 | $318,523 |
| Agriculture operations loans - <$1MM | 254 | $8,953 | $35,248 |
| Agriculture operations loans - <$100k | 228 | $4,224 | $18,526 |
| Agriculture operations loans - $100-250k | 17 | $1,701 | $100,059 |
| Agriculture operations loans - $250k-1MM | 9 | $3,028 | $336,444 |