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

Jump to:

  • 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, Refi, and Cash Out Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Crestview, Dallas, Kansas City, and Edwards among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midwest Bankcentre 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. 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% 12/16/24
    30 Year Conventional Refi 6.23% 12/16/24
    30 Year Cash-out Refi 6.21% 12/16/24
    30 Year FHA Purchase 7.02% 12/16/24
    30 Year FHA Refi 6.63% 12/16/24
    30 Year VA Purchase 6.18% 12/16/24
    15 Year Conventional Purchase 5.94% 12/16/24
    15 Year Conventional Refi 5.78% 12/16/24
    15 Year Cash-out Refi 5.78% 12/16/24
    15 Year FHA Refi 5.68% 12/16/24
    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

    1,242

    Origination Dollar Volume (All Markets)

    $341,960,000

    Employee count

    274 Show all (11) 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) 1,038 $265,600,000 $255,877 $2,463 2.81%
    Outside of Metro Areas 35 $10,935,000 $312,429 $2,822 2.80%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 28 $9,360,000 $334,286 $5,201 3.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $6,415,000 $916,429 $7,310 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $3,705,000 $529,286 $2,422 2.77%
    Edwards, CO (FHA|USDA|VA) 3 $3,135,000 $1,045,000 $3,967 2.83%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,800,000 $466,667 $2,716 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $2,690,000 $448,333 $4,072 2.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $2,675,000 $891,667 $5,258 3.28%
    PANAMA CITY, FL (FHA|USDA|VA) 8 $2,380,000 $297,500 $4,132 3.41%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $2,245,000 $449,000 $3,971 2.30%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $1,660,000 $415,000 $3,384 2.59%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $1,540,000 $770,000 $4,359 2.93%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,455,000 $485,000 $2,669 2.79%
    Jackson, WY-ID (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $5,164 2.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,270,000 $317,500 $2,535 2.31%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,230,000 $307,500 $2,834 2.94%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,195,000 $398,333 $3,198 2.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $990,000 $247,500 $2,791 2.38%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $940,000 $470,000 $2,795 2.75%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $920,000 $460,000 $2,840 2.63%
    Farmington, MO (FHA|USDA|VA) 5 $905,000 $181,000 $2,536 2.73%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $905,000 $905,000 $0 3.97%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $820,000 $205,000 $5,320 2.81%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $715,000 $715,000 $3,951 3.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $690,000 $345,000 $2,864 3.56%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $660,000 $330,000 $6,237 2.56%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $640,000 $320,000 $4,897 2.63%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $620,000 $310,000 $2,491 2.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $620,000 $103,333 $1,896 2.94%
    SAVANNAH, GA (FHA|USDA|VA) 2 $620,000 $310,000 $2,666 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $545,000 $545,000 $3,011 2.38%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $535,000 $535,000 $4,240 2.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,959 2.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $505,000 $505,000 $3,306 2.95%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $505,000 $168,333 $2,287 2.98%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $440,000 $220,000 $3,087 2.88%
    Sevierville, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,605 3.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $405,000 $405,000 $2,368 2.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $395,000 $395,000 $3,355 2.88%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,095 2.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $2,550 2.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,578 3.38%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $325,000 $325,000 $2,445 2.00%
    COLUMBIA, MO (FHA|USDA|VA) 1 $325,000 $325,000 $1,674 2.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $1,957 2.87%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,933 2.88%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $295,000 $295,000 $7,411 2.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $285,000 $285,000 $1,884 3.13%
    Sandpoint, ID (FHA|USDA|VA) 1 $285,000 $285,000 $4,418 2.63%
    LONGVIEW, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,297 2.00%
    Tupelo, MS (FHA|USDA|VA) 1 $255,000 $255,000 $3,041 3.13%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $1,960 2.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,176 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.63%
    Gillette, WY (FHA|USDA|VA) 1 $215,000 $215,000 $2,591 2.38%
    COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,468 2.00%
    ROME, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,576 3.13%
    GREENVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,703 2.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,440 2.38%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.63%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,305 3.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $95,000 $95,000 $1,683 2.38%
    Hannibal, MO (FHA|USDA|VA) 1 $85,000 $85,000 $1,902 2.25%
    Alamogordo, NM (FHA|USDA|VA) 1 $75,000 $75,000 $1,887 2.25%
    Fort Dodge, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,343 3.00%
    Midwest Bankcentre's top markets include St. Louis, Crestview, Dallas, Kansas City, and Edwards among others.

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

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 248
    Town & Country Bank
    Similarity Rank: 328
    Eglin Federal Credit Union
    Similarity Rank: 340
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 426
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,124 $315,680,000 $280,854 $2,295 2.85%
    FHA 56 $10,260,000 $183,214 $5,569 2.56%
    VA 53 $14,205,000 $268,019 $5,931 2.43%
    USDA 9 $1,815,000 $201,667 $4,361 2.42%

    For 2021, Midwest Bankcentre's most frequently originated type of loan was Conventional, with 1,124 originations. Their 2nd most popular type was FHA, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 500 $141,450,000 $282,900 $3,761 3.04%
    Refi 493 $129,865,000 $263,418 $1,905 2.56%
    Cash Out Refi 238 $68,760,000 $288,908 $2,238 2.85%
    Home Improvement 11 $1,885,000 $171,364 $2,732 3.48%

    For 2021, Midwest Bankcentre's most frequently cited loan purpose was Home Purchase, with 500 originations. The 2nd most popular reason was Refi, with 493 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 820 $242,560,000 $295,805 $2,987 2.83%
    15 Year 248 $49,380,000 $199,113 $1,838 2.27%
    5 Year 65 $22,665,000 $348,692 $0 4.18%
    20 Year 36 $7,050,000 $195,833 $1,924 2.64%
    10 Year 32 $5,980,000 $186,875 $1,573 2.42%
    1 Year 27 $6,655,000 $246,481 $0 4.40%
    Other 12 $6,830,000 $569,167 $1,516 3.50%
    3 Year 2 $840,000 $420,000 $6,373 5.00%

    For 2021, Midwest Bankcentre's most frequently cited loan duration was 30 Year, with 820 originations. The 2nd most popular length was 15 Year, with 248 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,034 $283,620,000 $274,294
    $1k-2k 20 $5,780,000 $289,000
    $2k-3k 7 $2,745,000 $392,143
    $3k-4k 3 $1,265,000 $421,667
    $4k-5k 1 $1,405,000 $1,405,000

    Midwest Bankcentre's average total fees were $2,987, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,034 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 500 $154,500,000 $309,000
    <2.5% 463 $104,735,000 $226,210
    3-4% 213 $70,275,000 $329,930
    4-5% 59 $11,365,000 $192,627
    5-6% 7 $1,085,000 $155,000

    During 2021, Midwest Bankcentre's average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 500 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 459 $128,415,000 $279,771 $2,852 2.77%
    $100k-200k 420 $63,300,000 $150,714 $2,272 2.74%
    $100,000 or less 160 $11,430,000 $71,438 $1,841 2.98%
    $400k-600k 132 $64,120,000 $485,758 $3,243 2.84%
    $600k-1MM 46 $34,880,000 $758,261 $3,602 3.13%
    $1MM+ 25 $39,815,000 $1,592,600 $5,146 3.09%

    2021 saw Midwest Bankcentre place emphasis on $200k-400k loans with 459 originations, totaling $128,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 235 $39,625,000 $168,617 $2,472 2.60%
    $100k-150k 223 $57,255,000 $256,749 $2,580 2.72%
    $75k-100k 176 $38,230,000 $217,216 $2,776 2.69%
    $50k or less 171 $22,965,000 $134,298 $2,672 2.81%
    $150k-250k 164 $55,940,000 $341,098 $2,560 2.70%
    $250k+ 156 $87,670,000 $561,987 $3,161 2.81%

    Midwest Bankcentre lent most frequently to those with incomes in the $50k-75k range, with 235 originations. The second most popular income band? $100k-150k, with 223 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 317 $80,775,000 $254,811 $2,477 2.65%
    30-36% 204 $59,440,000 $291,373 $2,358 2.78%
    <20% 170 $51,980,000 $305,765 $2,378 2.62%
    41% 43 $11,165,000 $259,651 $2,478 2.76%
    42% 33 $10,425,000 $315,909 $3,284 2.86%
    43% 33 $6,555,000 $198,636 $2,248 2.78%
    47% 33 $7,395,000 $224,091 $2,738 2.62%
    50-60% 33 $7,365,000 $223,182 $6,149 2.65%
    37% 32 $9,130,000 $285,313 $2,667 2.83%
    44% 32 $8,550,000 $267,188 $2,715 2.63%
    38% 32 $6,210,000 $194,063 $2,450 2.79%
    40% 32 $10,120,000 $316,250 $3,233 2.90%
    39% 30 $7,580,000 $252,667 $2,519 2.75%
    48% 27 $6,565,000 $243,148 $2,906 2.84%
    46% 24 $5,860,000 $244,167 $3,366 2.76%
    45% 23 $5,545,000 $241,087 $2,594 2.59%
    36% 22 $5,130,000 $233,182 $2,984 2.78%
    49% 19 $4,705,000 $247,632 $3,487 2.66%
    >60% 1 $345,000 $345,000 $2,710 2.50%

    Midwest Bankcentre lent most frequently to those with DTI ratios of 20-30%, with 317 originations. The next most common DTI ratio? 30-36%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 950 $264,540,000 $278,463 $2,584 2.69%
    Not applicable 88 $33,700,000 $382,955 $0 4.20%
    Black 92 $16,060,000 $174,565 $3,241 2.80%
    Not provided 67 $15,385,000 $229,627 $3,198 2.85%
    Asian 35 $10,035,000 $286,714 $2,105 2.61%
    American Indian 8 $1,940,000 $242,500 $3,745 2.91%
    Asian Indian 1 $195,000 $195,000 $1,355 2.63%
    Native Hawaiian or Islander 1 $105,000 $105,000 $1,219 2.00%

    Approval Rates

    Total approvals of all applications
    93.13%

    Midwest Bankcentre has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.94%

    Midwest Bankcentre has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,242 $341,960,000 $275,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,242 $341,960,000 $275,330

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 83 $16,845,000 $202,952 $1,979 2.71%
    40-60% 236 $59,130,000 $250,551 $2,001 2.67%
    60-80% 512 $160,770,000 $314,004 $2,318 2.87%
    80-100% 386 $99,120,000 $256,788 $3,268 2.86%
    Over 100% 14 $4,230,000 $302,143 $10,891 2.36%
    Under 20% 11 $1,865,000 $169,545 $1,497 3.33%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Incorrect information on your report 1 14.3%
    Midwest Loan Services, Inc. Conventional home mortgage Struggling to pay mortgage 1 14.3%
    Midwest Loan Services, Inc. Conventional home mortgage Trouble during payment process 2 28.6%
    Midwest Loan Services, Inc. FHA mortgage Trouble during payment process 1 14.3%
    Midwest Loan Services, Inc. Other type of mortgage Closing on a mortgage 1 14.3%
    Midwest Loan Services, Inc. VA mortgage Trouble during payment process 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Midwest Bankcentre 1007 Bowles Avenue Fenton, MO 63026 Full Service B&M $56,292
    Midwest Bankcentre 1030 Main Street Imperial, MO 63052 Full Service B&M $42,486
    Midwest Bankcentre 1820 1st Capitol Drive S Saint Charles, MO 63303 Full Service B&M $44,704
    Midwest Bankcentre 1950 Richardson Road Arnold, MO 63010 Full Service B&M $130,546
    Midwest Bankcentre 2101 Rock Road De Soto, MO 63020 Full Service B&M $37,071
    Midwest Bankcentre 2191 Lemay Ferry Road Lemay, MO 63125 Full Service B&M $554,724
    Midwest Bankcentre 2191 Lemay Ferry Road Saint Louis, MO 63125 Full Service Cyber Office $133,996
    Midwest Bankcentre 2299 Technology Drive O Fallon, MO 63368 Full Service B&M $119,471
    Midwest Bankcentre 300 South Truman Boulevard Crystal City, MO 63019 Full Service B&M $38,573
    Midwest Bankcentre 3529 North Broadway Saint Louis, MO 63147 Full Service B&M $41,062
    Midwest Bankcentre 4914 Gravois St. Louis, MO 63116 Full Service B&M $74,542
    Midwest Bankcentre 500 Chesterfield Center, Suite 100 Chesterfield, MO 63017 Full Service B&M $87,874
    Midwest Bankcentre 5501 Dr. Martin Luther King Drive Saint Louis, MO 63112 Full Service B&M $25,842
    Midwest Bankcentre 5515 South Grand Avenue Saint Louis, MO 63111 Full Service B&M $121,060
    Midwest Bankcentre 5575 Telegraph Road Saint Louis, MO 63129 Full Service B&M $171,858
    Midwest Bankcentre 6810 Page Avenue Saint Louis, MO 63133 Full Service B&M $30,269
    Midwest Bankcentre 700 James S Mcdonnell Boulevard Hazelwood, MO 63042 Full Service B&M $14,584
    Midwest Bankcentre 8020 Forsyth Clayton, MO 63105 Full Service B&M $78,475

    For 2021, Midwest Bankcentre had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $77,628
    Net interest income $70,712
    Total noninterest income $15,948
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,729
    Trading account gains and fees $0
    Additional Noninterest Income $13,219
    Pre-tax net operating income $27,466
    Securities gains (or losses, -) $271
    Income before extraordinary items $23,776
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,776
    Minority interest net income $0
    Net income $23,776
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $23,542

    Midwest Bankcentre's gross interest income from loans was $77,628,000.
    Midwest Bankcentre's net interest income from loans was $70,712,000.
    Midwest Bankcentre's fee based income from loans was $2,729,000.
    Midwest Bankcentre's net income from loans was $23,776,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,916
    Provision for credit losses $2,434
    Total noninterest expense $56,760
    Salaries and employee benefits $34,676
    Premises and equipment expense $5,679
    Additional noninterest expense $16,405
    Applicable income taxes $3,961
    Net charge-offs $425
    Cash dividends $6,500

    Midwest Bankcentre's interest expense for loans was $6,916,000.
    Midwest Bankcentre's payroll and benefits expense were $34,676,000.
    Midwest Bankcentre's property, plant and equipment expenses $5,679,000.

    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 1.0%
    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 $1,885,615
    Deposits held in domestic offices $1,885,615
    Deposits by Individuals, partnerships, and corporations $1,735,675
    Deposits by U.S. Government $291
    Deposits by States and political subdivisions in the U.S. $130,263
    Deposits by Commercial banks and other depository institutions in U.S. $19,386
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $185,746
    Demand deposits $89,365
    Nontransaction accounts $1,699,869
    Money market deposit accounts (MMDAs) $1,093,280
    Other savings deposits (excluding MMDAs) $308,646
    Total time deposits $297,943
    Total time and savings deposits $1,796,250
    Noninterest-bearing deposits $88,168
    Interest-bearing deposits $1,797,447
    Retail deposits $1,792,969
    IRAs and Keogh plan accounts $37,502
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,374,880
    Cash & Balances due from depository institutions $116,398
    Interest-bearing balances $92,318
    Total securities $294,619
    Federal funds sold & reverse repurchase $9
    Net loans and leases $1,811,983
    Loan and leases loss allowance $21,768
    Trading account assets $1,745
    Bank premises and fixed assets $15,820
    Other real estate owned $904
    Goodwill and other intangibles $18,053
    All other assets $115,349

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,374,880
    Total Liabilities $2,108,480
    Total deposits $1,885,615
    Interest-bearing deposits $1,797,447
    Deposits held in domestic offices $1,885,615
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $67,300
    Trading liabilities $1,745
    Other borrowed funds $135,000
    Subordinated debt $0
    All other liabilities $18,820

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,811,983
    Loan and leases loss allowance $21,768
    Total loans and leases (domestic) $1,833,751
    All real estate loans $1,265,327
    Real estate loans in domestic offices $1,265,327
    Construction and development loans $165,959
    Residential 1-4 family construction $65,376
    Other construction, all land development and other land $100,583
    Loans secured by nonfarm nonresidential properties $645,898
    Nonfarm nonresidential secured by owner-occupied properties $285,359
    Commercial real estate & other non-farm, non-residential $360,539
    Multifamily residential real estate $117,319
    1-4 family residential loans $336,151
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $504,756
    To non-U.S. addressees $0
    Loans to individuals $61,061
    Credit card loans $2,182
    Related Plans $0
    Consumer Auto Loans $534
    Other loans to individuals $58,345
    All other loans & leases $2,607
    Loans to foreign governments and official institutions $0
    Other loans $1,171
    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 $190
    Non 1-4 family restructured loans & leases $190
    Total loans and leases (foreign) $0

    Midwest BankCentre had $1,811,983,000 of loans outstanding in 2021. $1,265,327,000 of loans were in real estate loans. $165,959,000 of loans were in development loans. $117,319,000 of loans were in multifamily mortgage loans. $336,151,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,182,000 of loans were in credit card loans. $534,000 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 385 $98,844 $256,738
    Nonfarm, nonresidential loans - <$100k 55 $2,041 $37,109
    Nonfarm, nonresidential loans - $100-250k 102 $10,416 $102,118
    Nonfarm, nonresidential loans - $250k-1MM 228 $86,387 $378,890
    Commercial & Industrial, US addressed loans - <$1MM 1,142 $121,349 $106,260
    Commercial & Industrial, US addressed loans - <$100k 629 $18,174 $28,893
    Commercial & Industrial, US addressed loans - $100-250k 217 $23,110 $106,498
    Commercial & Industrial, US addressed loans - $250k-1MM 296 $80,065 $270,490