Midwest Bankcentre Mortgage Rates, Fees & Info

Saint Louis, MO

LEI: 549300OR2C7AGDZFTS24

Tax ID: 43-0368910

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Midwest Bankcentre is a smaller bank specializing in Home Purchase loans. Midwest Bankcentre has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, San Diego, Edwards, Kansas City, and Mexico among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midwest Bankcentre has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Midwest Bankcentre 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.55% 11/17/24
    30 Year Conventional Refi 6.23% 11/17/24
    30 Year Cash-out Refi 6.21% 11/17/24
    30 Year FHA Purchase 7.02% 11/17/24
    30 Year FHA Refi 6.63% 11/17/24
    30 Year VA Purchase 6.18% 11/17/24
    15 Year Conventional Purchase 5.94% 11/17/24
    15 Year Conventional Refi 5.78% 11/17/24
    15 Year Cash-out Refi 5.78% 11/17/24
    15 Year FHA Refi 5.68% 11/17/24
    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.

    Midwest Bankcentre Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Midwest Bankcentre. 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

    470

    Origination Dollar Volume (All Markets)

    $133,740,000

    Employee count

    276 Show all (8) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 422 $118,990,000 $281,967 $1,580 4.60%
    Outside of Metro Areas 22 $5,230,000 $237,727 $2,200 4.71%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,850,000 $925,000 $1,095 3.88%
    Edwards, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $1,654 3.88%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $855,000 $285,000 $1,562 4.46%
    Mexico, MO (FHA|USDA|VA) 1 $605,000 $605,000 $570 4.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $545,000 $545,000 $2,210 4.13%
    READING, PA (FHA|USDA|VA) 1 $535,000 $535,000 $5,795 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $515,000 $515,000 $3,420 3.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $480,000 $240,000 $2,507 4.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $470,000 $235,000 $54 4.44%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $355,000 $355,000 $1,946 4.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $355,000 $355,000 $2,823 4.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $7,282 4.25%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $295,000 $295,000 $1,710 4.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $265,000 $265,000 $2,357 5.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,929 3.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.63%
    Farmington, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,108 4.75%
    Midwest Bankcentre's top markets include St. Louis, San Diego, Edwards, Kansas City, and Mexico among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Midwest BankCentre based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITED
    Similarity Rank: 28
    Eglin Federal Credit Union
    Similarity Rank: 30
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Liberty Bank for Savings
    Similarity Rank: 104
    KCB Bank
    Similarity Rank: 108
    Community Bank of Trenton
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    First National Bank of Waterloo
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 424 $126,660,000 $298,726 $1,410 4.62%
    FHA 39 $5,125,000 $131,410 $3,003 4.38%
    VA 7 $1,955,000 $279,286 $4,511 4.18%

    For 2018, Midwest Bankcentre's most frequently originated type of loan was Conventional, with 424 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 318 $81,820,000 $257,296 $1,911 4.64%
    Cash Out Refi 74 $25,990,000 $351,216 $1,456 4.52%
    Refi 42 $22,630,000 $538,810 $1,316 4.36%
    Home Improvement 21 $985,000 $46,905 $169 4.58%
    Other 15 $2,315,000 $154,333 $916 4.76%

    For 2018, Midwest Bankcentre's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 284 $83,980,000 $295,704 $1,801 4.46%
    5 Year 62 $23,230,000 $374,677 $0 5.06%
    15 Year 57 $12,775,000 $224,123 $1,675 4.14%
    1 Year 25 $4,815,000 $192,600 $0 5.33%
    10 Year 14 $500,000 $35,714 $217 4.95%
    Other 11 $3,785,000 $344,091 $0 5.41%
    20 Year 9 $2,475,000 $275,000 $1,335 4.46%
    3 Year 8 $2,180,000 $272,500 $0 5.24%

    For 2018, Midwest Bankcentre's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was 5 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 345 $95,225,000 $276,014
    $1k-2k 2 $470,000 $235,000
    $2k-3k 2 $330,000 $165,000

    Midwest Bankcentre's average total fees were $1,801, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 345 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 276 $70,450,000 $255,254
    3-4% 100 $44,660,000 $446,600
    5-6% 80 $15,660,000 $195,750
    6-7% 11 $935,000 $85,000
    2.5-3% 3 $2,035,000 $678,333

    During 2018, Midwest Bankcentre's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 276 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 158 $23,020,000 $145,696 $1,588 4.68%
    $100,000 or less 119 $6,685,000 $56,176 $1,192 4.82%
    $200k-400k 102 $28,520,000 $279,608 $2,075 4.54%
    $400k-600k 42 $20,290,000 $483,095 $1,981 4.31%
    $600k-1MM 31 $22,865,000 $737,581 $1,611 4.20%
    $1MM+ 18 $32,360,000 $1,797,778 $1,382 4.01%

    2018 saw Midwest Bankcentre place emphasis on $100k-200k loans with 158 originations, totaling $23,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 84 $7,470,000 $88,929 $1,272 4.54%
    $250k+ 70 $45,350,000 $647,857 $1,776 4.12%
    $50k-75k 63 $8,665,000 $137,540 $1,670 4.61%
    $75k-100k 59 $9,395,000 $159,237 $1,435 4.56%
    $100k-150k 47 $12,355,000 $262,872 $2,081 4.44%
    $150k-250k 47 $15,345,000 $326,489 $1,908 4.48%

    Midwest Bankcentre lent most frequently to those with incomes in the $50k or less range, with 84 originations. The second most popular income band? $250k+, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $28,090,000 $270,096 $1,656 4.42%
    30-36% 81 $19,425,000 $239,815 $1,481 4.42%
    <20% 51 $21,385,000 $419,314 $1,590 4.17%
    38% 15 $3,065,000 $204,333 $1,536 4.72%
    36% 14 $5,620,000 $401,429 $1,597 4.55%
    42% 11 $2,625,000 $238,636 $1,266 4.24%
    37% 11 $2,405,000 $218,636 $1,709 4.31%
    43% 11 $2,455,000 $223,182 $1,496 4.68%
    45% 11 $1,955,000 $177,727 $1,823 4.47%
    49% 11 $1,745,000 $158,636 $1,764 4.55%
    39% 10 $2,430,000 $243,000 $1,578 4.20%
    41% 9 $2,365,000 $262,778 $1,820 4.29%
    40% 8 $1,390,000 $173,750 $2,625 4.50%
    48% 6 $1,100,000 $183,333 $1,689 4.65%
    44% 6 $990,000 $165,000 $2,407 4.81%
    50-60% 6 $1,120,000 $186,667 $2,767 4.42%
    46% 5 $795,000 $159,000 $1,685 4.50%
    47% 3 $255,000 $85,000 $2,118 4.83%

    Midwest Bankcentre lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 341 $94,765,000 $277,903 $1,661 4.46%
    Not applicable 85 $31,395,000 $369,353 $0 5.22%
    Asian 6 $3,850,000 $641,667 $1,070 4.21%
    Black 36 $3,220,000 $89,444 $1,646 4.47%
    Not provided 2 $510,000 $255,000 $1,759 4.51%

    Approval Rates

    Total approvals of all applications
    82.29%

    Midwest Bankcentre has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.49%

    Midwest Bankcentre has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 470 $133,740,000 $284,553

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $20,920,000 $950,909
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 447 $112,745,000 $252,226

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $5,125,000 $176,724 $1,185 4.60%
    40-60% 61 $20,095,000 $329,426 $1,668 4.53%
    60-80% 167 $57,945,000 $346,976 $1,613 4.76%
    80-100% 181 $47,895,000 $264,613 $1,848 4.45%
    Over 100% 3 $915,000 $305,000 $7,582 4.67%
    Under 20% 19 $1,715,000 $90,263 $344 4.99%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 66.7%
    Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Midwest BankCentre 1007 Bowles Avenue Fenton, MO 63026 Full Service B&M $41,993
    Midwest BankCentre 1030 Main Street Imperial, MO 63052 Full Service B&M $29,708
    Midwest BankCentre 1820 1st Capitol Drive S Saint Charles, MO 63303 Full Service B&M $27,999
    Midwest BankCentre 1950 Richardson Road Arnold, MO 63010 Full Service B&M $111,506
    Midwest BankCentre 2101 Rock Road De Soto, MO 63020 Full Service B&M $23,855
    Midwest BankCentre 2191 Lemay Ferry Road Lemay, MO 63125 Full Service B&M $458,837
    Midwest BankCentre 2299 Technology Drive O Fallon, MO 63368 Full Service B&M $70,146
    Midwest BankCentre 300 South Truman Boulevard Crystal City, MO 63019 Full Service B&M $31,576
    Midwest BankCentre 3529 North Broadway Saint Louis, MO 63147 Full Service B&M $41,555
    Midwest BankCentre 4914 Gravois St. Louis, MO 63116 Full Service B&M $53,653
    Midwest BankCentre 500 Chesterfield Center Chesterfield, MO 63017 Full Service B&M $23,051
    Midwest BankCentre 5501 Dr. Martin Luther King Drive Saint Louis, MO 63112 Full Service B&M $3,107
    Midwest BankCentre 5515 South Grand Avenue Saint Louis, MO 63111 Full Service B&M $96,643
    Midwest BankCentre 5575 Telegraph Road Saint Louis, MO 63129 Full Service B&M $157,132
    Midwest BankCentre 6810 Page Avenue Saint Louis, MO 63133 Full Service B&M $30,212
    Midwest BankCentre 6969 South Lindbergh Saint Louis, MO 63125 Full Service B&M $65,629
    Midwest BankCentre 700 James S Mcdonnell Boulevard Hazelwood, MO 63042 Full Service B&M $23,679
    Midwest BankCentre 7201 South Broadway St. Louis, MO 63111 Full Service B&M $26,645
    Midwest BankCentre 8020 Forsyth Clayton, MO 63105 Full Service B&M $66,728

    For 2018, Midwest Bankcentre had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $67,201
    Net interest income $53,566
    Total noninterest income $8,912
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,261
    Trading account gains and fees $0
    Additional Noninterest Income $6,651
    Pre-tax net operating income $18,747
    Securities gains (or losses, -) $38
    Income before extraordinary items $15,560
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,560
    Minority interest net income $0
    Net income $15,560
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,528

    Midwest Bankcentre's gross interest income from loans was $67,201,000.
    Midwest Bankcentre's net interest income from loans was $53,566,000.
    Midwest Bankcentre's fee based income from loans was $2,261,000.
    Midwest Bankcentre's net income from loans was $15,560,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,635
    Provision for credit losses $300
    Total noninterest expense $43,431
    Salaries and employee benefits $25,867
    Premises and equipment expense $5,515
    Additional noninterest expense $12,049
    Applicable income taxes $3,225
    Net charge-offs $-193
    Cash dividends $8,000

    Midwest Bankcentre's interest expense for loans was $13,635,000.
    Midwest Bankcentre's payroll and benefits expense were $25,867,000.
    Midwest Bankcentre's property, plant and equipment expenses $5,515,000.

    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 $1,410,132
    Deposits held in domestic offices $1,410,132
    Deposits by Individuals, partnerships, and corporations $1,280,632
    Deposits by U.S. Government $3,368
    Deposits by States and political subdivisions in the U.S. $93,379
    Deposits by Commercial banks and other depository institutions in U.S. $32,753
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $186,319
    Demand deposits $93,304
    Nontransaction accounts $1,223,813
    Money market deposit accounts (MMDAs) $621,393
    Other savings deposits (excluding MMDAs) $197,976
    Total time deposits $404,444
    Total time and savings deposits $1,316,828
    Noninterest-bearing deposits $92,474
    Interest-bearing deposits $1,317,658
    Retail deposits $1,318,090
    IRAs and Keogh plan accounts $56,722
    Brokered deposits $20,069
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,946,316
    Cash & Balances due from depository institutions $29,896
    Interest-bearing balances $6,549
    Total securities $347,369
    Federal funds sold & reverse repurchase $9
    Net loans and leases $1,406,744
    Loan and leases loss allowance $15,335
    Trading account assets $0
    Bank premises and fixed assets $25,945
    Other real estate owned $1,885
    Goodwill and other intangibles $19,951
    All other assets $114,517

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,946,316
    Total Liabilities $1,752,397
    Total deposits $1,410,132
    Interest-bearing deposits $1,317,658
    Deposits held in domestic offices $1,410,132
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $91,836
    Trading liabilities $0
    Other borrowed funds $235,000
    Subordinated debt $0
    All other liabilities $15,429

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,406,744
    Loan and leases loss allowance $15,335
    Total loans and leases (domestic) $1,422,079
    All real estate loans $1,139,756
    Real estate loans in domestic offices $1,139,756
    Construction and development loans $115,271
    Residential 1-4 family construction $55,343
    Other construction, all land development and other land $59,928
    Loans secured by nonfarm nonresidential properties $516,665
    Nonfarm nonresidential secured by owner-occupied properties $187,794
    Commercial real estate & other non-farm, non-residential $328,871
    Multifamily residential real estate $80,961
    1-4 family residential loans $426,859
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $233,303
    To non-U.S. addressees $0
    Loans to individuals $35,698
    Credit card loans $68
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $35,630
    All other loans & leases $13,322
    Loans to foreign governments and official institutions $0
    Other loans $808
    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 $319
    Non 1-4 family restructured loans & leases $319
    Total loans and leases (foreign) $0

    Midwest BankCentre had $1,406,744,000 of loans outstanding in 2018. $1,139,756,000 of loans were in real estate loans. $115,271,000 of loans were in development loans. $80,961,000 of loans were in multifamily mortgage loans. $426,859,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $68,000 of loans were in credit card loans. $0 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 417 $93,101 $223,264
    Nonfarm, nonresidential loans - <$100k 77 $3,003 $39,000
    Nonfarm, nonresidential loans - $100-250k 140 $16,020 $114,429
    Nonfarm, nonresidential loans - $250k-1MM 200 $74,078 $370,390
    Commercial & Industrial, US addressed loans - <$1MM 458 $59,183 $129,221
    Commercial & Industrial, US addressed loans - <$100k 211 $4,245 $20,118
    Commercial & Industrial, US addressed loans - $100-250k 98 $8,313 $84,827
    Commercial & Industrial, US addressed loans - $250k-1MM 149 $46,625 $312,919