Mid America Bank Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 549300DOV2RLYPY10B52
Tax ID: 43-0691607
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Bank Data
Review & Overview
Mid America Bank is a smaller bank specializing in Refi and 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, Kansas City, Cape Coral, and St. Louis among others. We have data for 14 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
477Origination Dollar Volume (All Markets)
$95,705,000Employee count
86Top 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) | 382 | $73,590,000 | $192,644 | $0 | 0.00% |
| Outside of Metro Areas | 54 | $9,360,000 | $173,333 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 21 | $6,695,000 | $318,810 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 474 | $95,300,000 | $201,055 | $0 | 0.00% |
| USDA | 3 | $405,000 | $135,000 | $0 | 0.00% |
For 2020, Mid America Bank's most frequently originated type of loan was Conventional, with 474 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2020, Mid America Bank's most frequently cited loan purpose was Refi, with 219 originations. The 2nd most popular reason was Home Purchase, with 155 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 477 | $95,705,000 | $200,639 | $0 | 0.00% |
For 2020, Mid America Bank's most frequently cited loan duration was Other, with 477 originations.
Loan Sizing
2020 saw Mid America Bank place emphasis on $100k-200k loans with 184 originations, totaling $27,200,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $100k-150k range, with 109 originations. The second most popular income band? $50k-75k, with 93 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 477 | $95,705,000 | $200,639 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 477 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.27%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.81%
Mid America Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 477 | $95,705,000 | $200,639 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MidAmerica Mortgage Inc | Conventional home mortgage | Struggling to pay mortgage | 3 | 5.4% |
| MidAmerica Mortgage Inc | Conventional home mortgage | Trouble during payment process | 8 | 14.3% |
| MidAmerica Mortgage Inc | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | FHA mortgage | Closing on a mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | FHA mortgage | Incorrect information on your report | 1 | 1.8% |
| MidAmerica Mortgage Inc | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.8% |
| MidAmerica Mortgage Inc | FHA mortgage | Struggling to pay mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | FHA mortgage | Trouble during payment process | 9 | 16.1% |
| MidAmerica Mortgage Inc | FHA mortgage | Unable to get your credit report or credit score | 1 | 1.8% |
| MidAmerica Mortgage Inc | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 3.6% |
| MidAmerica Mortgage Inc | Other type of mortgage | Closing on a mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | Other type of mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.8% |
| MidAmerica Mortgage Inc | Other type of mortgage | Struggling to pay mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | Other type of mortgage | Trouble during payment process | 6 | 10.7% |
| MidAmerica Mortgage Inc | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | VA mortgage | Closing on a mortgage | 1 | 1.8% |
| MidAmerica Mortgage Inc | VA mortgage | Struggling to pay mortgage | 6 | 10.7% |
| MidAmerica Mortgage Inc | VA mortgage | Trouble during payment process | 11 | 19.6% |
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 | $271,010 |
| Mid America Bank | 502 E Main St Linn, MO 65051 | Full Service B&M | $38,423 |
| Mid America Bank | 580 Karen Street Holts Summit, MO 65043 | Full Service B&M | $18,979 |
| Mid America Bank | P.O. Box 727 Belle, MO 65013 | Full Service B&M | $16,720 |
| Mid America Bank | Third And Bertha Meta, MO 65058 | Full Service B&M | $185,159 |
For 2020, Mid America Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,469 |
| Net interest income | $19,682 |
| Total noninterest income | $2,664 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $409 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,255 |
| Pre-tax net operating income | $10,299 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $10,299 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,299 |
| Minority interest net income | $0 |
| Net income | $10,299 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,299 |
Mid America Bank's gross interest income from loans was $22,469,000.
Mid America Bank's net interest income from loans was $19,682,000.
Mid America Bank's fee based income from loans was $409,000.
Mid America Bank's net income from loans was $10,299,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,787 |
| Provision for credit losses | $517 |
| Total noninterest expense | $11,530 |
| Salaries and employee benefits | $7,822 |
| Premises and equipment expense | $951 |
| Additional noninterest expense | $2,757 |
| Applicable income taxes | $0 |
| Net charge-offs | $300 |
| Cash dividends | $4,400 |
Mid America Bank's interest expense for loans was $2,787,000.
Mid America Bank's payroll and benefits expense were $7,822,000.
Mid America Bank's property, plant and equipment expenses $951,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| 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 | $526,923 |
| Deposits held in domestic offices | $526,923 |
| Deposits by Individuals, partnerships, and corporations | $508,190 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $18,236 |
| Deposits by Commercial banks and other depository institutions in U.S. | $497 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $247,509 |
| Demand deposits | $229,213 |
| Nontransaction accounts | $279,414 |
| Money market deposit accounts (MMDAs) | $157,025 |
| Other savings deposits (excluding MMDAs) | $68,138 |
| Total time deposits | $54,251 |
| Total time and savings deposits | $297,710 |
| Noninterest-bearing deposits | $178,912 |
| Interest-bearing deposits | $348,011 |
| Retail deposits | $509,548 |
| IRAs and Keogh plan accounts | $16,596 |
| Brokered deposits | $14,225 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $609,001 |
| Cash & Balances due from depository institutions | $110,244 |
| Interest-bearing balances | $102,241 |
| Total securities | $65,324 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $415,527 |
| Loan and leases loss allowance | $6,126 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,248 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,658 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $609,001 |
| Total Liabilities | $548,139 |
| Total deposits | $526,923 |
| Interest-bearing deposits | $348,011 |
| Deposits held in domestic offices | $526,923 |
| % insured (estimated) | $40 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,216 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $415,527 |
| Loan and leases loss allowance | $6,126 |
| Total loans and leases (domestic) | $421,653 |
| All real estate loans | $335,637 |
| Real estate loans in domestic offices | $335,637 |
| Construction and development loans | $55,909 |
| Residential 1-4 family construction | $20,098 |
| Other construction, all land development and other land | $35,811 |
| Loans secured by nonfarm nonresidential properties | $135,107 |
| Nonfarm nonresidential secured by owner-occupied properties | $63,603 |
| Commercial real estate & other non-farm, non-residential | $71,504 |
| Multifamily residential real estate | $33,280 |
| 1-4 family residential loans | $92,344 |
| Farmland loans | $18,997 |
| Loans held in foreign offices | $0 |
| Farm loans | $9,195 |
| Commercial and industrial loans | $66,536 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,207 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,311 |
| Other loans to individuals | $5,896 |
| All other loans & leases | $78 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $78 |
| 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 | $2,675 |
| Non 1-4 family restructured loans & leases | $2,430 |
| Total loans and leases (foreign) | $0 |
Mid America Bank had $415,527,000 of loans outstanding in 2020. $335,637,000 of loans were in real estate loans. $55,909,000 of loans were in development loans. $33,280,000 of loans were in multifamily mortgage loans. $92,344,000 of loans were in 1-4 family mortgage loans. $9,195,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,311,000 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 | 204 | $44,355 | $217,426 |
| Nonfarm, nonresidential loans - <$100k | 46 | $1,616 | $35,130 |
| Nonfarm, nonresidential loans - $100-250k | 75 | $9,660 | $128,800 |
| Nonfarm, nonresidential loans - $250k-1MM | 83 | $33,079 | $398,542 |
| Commercial & Industrial, US addressed loans - <$1MM | 697 | $39,086 | $56,077 |
| Commercial & Industrial, US addressed loans - <$100k | 530 | $12,749 | $24,055 |
| Commercial & Industrial, US addressed loans - $100-250k | 107 | $10,071 | $94,121 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 60 | $16,266 | $271,100 |
| Farmland loans - <$1MM | 119 | $17,959 | $150,916 |
| Farmland loans - <$100k | 36 | $1,566 | $43,500 |
| Farmland loans - $100-250k | 42 | $3,736 | $88,952 |
| Farmland loans - $250k-1MM | 41 | $12,657 | $308,707 |
| Agriculture operations loans - <$1MM | 272 | $9,195 | $33,805 |
| Agriculture operations loans - <$100k | 239 | $4,175 | $17,469 |
| Agriculture operations loans - $100-250k | 23 | $2,294 | $99,739 |
| Agriculture operations loans - $250k-1MM | 10 | $2,726 | $272,600 |