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, St. Louis, Springfield, and Kansas City among others. We have data for 12 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
338Origination Dollar Volume (All Markets)
$70,010,000Employee count
90Top 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) | 252 | $49,240,000 | $195,397 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 20 | $8,170,000 | $408,500 | $0 | 0.00% |
| Outside of Metro Areas | 44 | $7,220,000 | $164,091 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 334 | $69,460,000 | $207,964 | $0 | 0.00% |
| USDA | 4 | $550,000 | $137,500 | $0 | 0.00% |
For 2021, Mid America Bank's most frequently originated type of loan was Conventional, with 334 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2021, Mid America Bank's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Refi, with 83 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 338 | $70,010,000 | $207,130 | $0 | 0.00% |
For 2021, Mid America Bank's most frequently cited loan duration was Other, with 338 originations.
Loan Sizing
2021 saw Mid America Bank place emphasis on $100k-200k loans with 120 originations, totaling $17,710,000 in origination value.
Applicant Income
Mid America Bank lent most frequently to those with incomes in the $100k-150k range, with 75 originations. The second most popular income band? $50k-75k, with 60 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 338 | $70,010,000 | $207,130 | $0 | 0.00% |
Mid America Bank lent most frequently to those with DTI ratios of Exempt%, with 338 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.01%
Mid America Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.96%
Mid America Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 338 | $70,010,000 | $207,130 |
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 | 1200 West Stadium Boulevard Jefferson City, MO 65101 | Full Service B&M | $21,752 |
| Mid America Bank | 1511 Friendship Road Jefferson City, MO 65101 | Full Service B&M | $189,776 |
| Mid America Bank | 502 E Main St Linn, MO 65051 | Full Service B&M | $41,255 |
| Mid America Bank | 580 Karen Street Holts Summit, MO 65043 | Full Service B&M | $22,741 |
| Mid America Bank | 804 Highway 28 W Belle, MO 65013 | Full Service B&M | $18,941 |
| Mid America Bank | Third And Bertha Meta, MO 65058 | Full Service B&M | $146,064 |
For 2021, Mid America Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,006 |
| Net interest income | $20,208 |
| Total noninterest income | $2,752 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $555 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,197 |
| Pre-tax net operating income | $9,578 |
| Securities gains (or losses, -) | $2 |
| Income before extraordinary items | $9,580 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,580 |
| Minority interest net income | $0 |
| Net income | $9,580 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,578 |
Mid America Bank's gross interest income from loans was $22,006,000.
Mid America Bank's net interest income from loans was $20,208,000.
Mid America Bank's fee based income from loans was $555,000.
Mid America Bank's net income from loans was $9,580,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,798 |
| Provision for credit losses | $481 |
| Total noninterest expense | $12,901 |
| Salaries and employee benefits | $8,871 |
| Premises and equipment expense | $1,156 |
| Additional noninterest expense | $2,874 |
| Applicable income taxes | $0 |
| Net charge-offs | $870 |
| Cash dividends | $4,300 |
Mid America Bank's interest expense for loans was $1,798,000.
Mid America Bank's payroll and benefits expense were $8,871,000.
Mid America Bank's property, plant and equipment expenses $1,156,000.
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 | $541,698 |
| Deposits held in domestic offices | $541,698 |
| Deposits by Individuals, partnerships, and corporations | $513,542 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $28,156 |
| 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 | $290,655 |
| Demand deposits | $272,358 |
| Nontransaction accounts | $251,043 |
| Money market deposit accounts (MMDAs) | $131,580 |
| Other savings deposits (excluding MMDAs) | $71,346 |
| Total time deposits | $48,117 |
| Total time and savings deposits | $269,340 |
| Noninterest-bearing deposits | $166,161 |
| Interest-bearing deposits | $375,537 |
| Retail deposits | $530,381 |
| IRAs and Keogh plan accounts | $17,563 |
| Brokered deposits | $10,008 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $628,111 |
| Cash & Balances due from depository institutions | $83,343 |
| Interest-bearing balances | $76,919 |
| Total securities | $88,156 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $438,214 |
| Loan and leases loss allowance | $5,737 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,528 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $149 |
| All other assets | $12,721 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $628,111 |
| Total Liabilities | $562,743 |
| Total deposits | $541,698 |
| Interest-bearing deposits | $375,537 |
| Deposits held in domestic offices | $541,698 |
| % insured (estimated) | $43 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,045 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $438,214 |
| Loan and leases loss allowance | $5,737 |
| Total loans and leases (domestic) | $443,951 |
| All real estate loans | $346,947 |
| Real estate loans in domestic offices | $346,947 |
| Construction and development loans | $53,638 |
| Residential 1-4 family construction | $20,768 |
| Other construction, all land development and other land | $32,870 |
| Loans secured by nonfarm nonresidential properties | $148,607 |
| Nonfarm nonresidential secured by owner-occupied properties | $65,085 |
| Commercial real estate & other non-farm, non-residential | $83,522 |
| Multifamily residential real estate | $40,567 |
| 1-4 family residential loans | $82,662 |
| Farmland loans | $21,473 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,482 |
| Commercial and industrial loans | $77,804 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,666 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,960 |
| Other loans to individuals | $5,706 |
| All other loans & leases | $52 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $52 |
| 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 | $1,337 |
| Non 1-4 family restructured loans & leases | $1,211 |
| Total loans and leases (foreign) | $0 |
Mid America Bank had $438,214,000 of loans outstanding in 2021. $346,947,000 of loans were in real estate loans. $53,638,000 of loans were in development loans. $40,567,000 of loans were in multifamily mortgage loans. $82,662,000 of loans were in 1-4 family mortgage loans. $8,482,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,960,000 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 | 194 | $42,149 | $217,263 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,466 | $34,905 |
| Nonfarm, nonresidential loans - $100-250k | 77 | $10,169 | $132,065 |
| Nonfarm, nonresidential loans - $250k-1MM | 75 | $30,514 | $406,853 |
| Commercial & Industrial, US addressed loans - <$1MM | 543 | $37,635 | $69,309 |
| Commercial & Industrial, US addressed loans - <$100k | 372 | $9,317 | $25,046 |
| Commercial & Industrial, US addressed loans - $100-250k | 111 | $11,579 | $104,315 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 60 | $16,739 | $278,983 |
| Farmland loans - <$1MM | 115 | $17,074 | $148,470 |
| Farmland loans - <$100k | 38 | $1,518 | $39,947 |
| Farmland loans - $100-250k | 39 | $3,690 | $94,615 |
| Farmland loans - $250k-1MM | 38 | $11,866 | $312,263 |
| Agriculture operations loans - <$1MM | 256 | $8,481 | $33,129 |
| Agriculture operations loans - <$100k | 225 | $3,930 | $17,467 |
| Agriculture operations loans - $100-250k | 22 | $2,092 | $95,091 |
| Agriculture operations loans - $250k-1MM | 9 | $2,459 | $273,222 |