First Midwest Bank Of Poplar Bluff Mortgage Rates, Fees & Info
Poplar Bluff, MOLEI: 549300TSIYX9RDYWC806
Tax ID: 43-0811547
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Bank Data
Review & Overview
First Midwest Bank Of Poplar Bluff is a smaller bank specializing in Home Purchase and Refi loans. First Midwest Bank Of Poplar Bluff has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Poplar Bluff, Columbia, Crestview, Greensboro, and Springfield among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)First Midwest Bank Of Poplar Bluff has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Midwest Bank Of Poplar Bluff 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.
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Originations
320Origination Dollar Volume (All Markets)
$62,100,000Employee count
91Awards
First Midwest Bank of Poplar Bluff - 2020
First Midwest Bank of Poplar Bluff is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Poplar Bluff, MO (FHA|USDA|VA) | 199 | $26,725,000 | $134,296 | $1,651 | 4.21% |
| COLUMBIA, MO (FHA|USDA|VA) | 46 | $19,450,000 | $422,826 | $2,604 | 4.09% |
| Outside of Metro Areas | 54 | $6,190,000 | $114,630 | $1,843 | 4.28% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $5,455,000 | $5,455,000 | $0 | 4.40% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,634 | 4.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,784 | 3.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 5.50% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 2.88% |
| Branson, MO (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 4.91% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 2.63% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 3.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| Mexico, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Midwest Bank of Poplar Bluff based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 318 | $61,810,000 | $194,371 | $1,792 | 4.20% |
| USDA | 2 | $290,000 | $145,000 | $3,745 | 3.31% |
For 2020, First Midwest Bank Of Poplar Bluff's most frequently originated type of loan was Conventional, with 318 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2020, First Midwest Bank Of Poplar Bluff's most frequently cited loan purpose was Home Purchase, with 159 originations. The 2nd most popular reason was Refi, with 110 originations.
Loan Duration/Length
For 2020, First Midwest Bank Of Poplar Bluff's most frequently cited loan duration was Other, with 68 originations. The 2nd most popular length was 30 Year, with 64 originations.
Origination Fees/Closing Costs
First Midwest Bank Of Poplar Bluff's average total fees were $2,161, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 86 originations.
Interest Rates
During 2020, First Midwest Bank Of Poplar Bluff's average interest rate for loans was 3.49%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.
Loan Sizing
2020 saw First Midwest Bank Of Poplar Bluff place emphasis on $100,000 or less loans with 124 originations, totaling $7,010,000 in origination value.
Applicant Income
First Midwest Bank Of Poplar Bluff lent most frequently to those with incomes in the $50k or less range, with 75 originations. The second most popular income band? $100k-150k, with 52 originations.
Applicant Debt to Income Ratio
First Midwest Bank Of Poplar Bluff lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.18%
First Midwest Bank Of Poplar Bluff has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.50%
First Midwest Bank Of Poplar Bluff has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1872.11 | 1 | $265,000 | $265,000 |
| 1966.62 | 1 | $135,000 | $135,000 |
| 2088.82 | 1 | $255,000 | $255,000 |
| 2113.61 | 1 | $125,000 | $125,000 |
| 2123.42 | 1 | $125,000 | $125,000 |
| 2140.61 | 1 | $115,000 | $115,000 |
| 2152.02 | 1 | $95,000 | $95,000 |
| 2166.07 | 1 | $255,000 | $255,000 |
| 2197.99 | 1 | $95,000 | $95,000 |
| 2238.62 | 1 | $165,000 | $165,000 |
| 2259.92 | 1 | $265,000 | $265,000 |
| 2276.12 | 1 | $195,000 | $195,000 |
| 2285.28 | 1 | $125,000 | $125,000 |
| 2288.01 | 1 | $105,000 | $105,000 |
| 2290.62 | 1 | $365,000 | $365,000 |
| 2296.11 | 1 | $105,000 | $105,000 |
| 2299.43 | 1 | $145,000 | $145,000 |
| 2310.82 | 1 | $95,000 | $95,000 |
| 2341.26 | 1 | $95,000 | $95,000 |
| 2344.66 | 1 | $115,000 | $115,000 |
| 2386.38 | 1 | $125,000 | $125,000 |
| 2391.74 | 1 | $65,000 | $65,000 |
| 2407.82 | 1 | $145,000 | $145,000 |
| 2425.04 | 1 | $155,000 | $155,000 |
| 2445.62 | 1 | $155,000 | $155,000 |
| 2446.62 | 1 | $205,000 | $205,000 |
| 2448.04 | 1 | $75,000 | $75,000 |
| 2451.26 | 1 | $65,000 | $65,000 |
| 2451.72 | 1 | $155,000 | $155,000 |
| 2452.47 | 1 | $255,000 | $255,000 |
| 2456.78 | 1 | $245,000 | $245,000 |
| 2462.11 | 1 | $55,000 | $55,000 |
| 2474.51 | 1 | $115,000 | $115,000 |
| 2481.46 | 1 | $205,000 | $205,000 |
| 2485.42 | 1 | $85,000 | $85,000 |
| 2486.28 | 1 | $185,000 | $185,000 |
| 2486.78 | 1 | $125,000 | $125,000 |
| 2493.62 | 1 | $115,000 | $115,000 |
| 2497.66 | 1 | $85,000 | $85,000 |
| 2503.62 | 1 | $115,000 | $115,000 |
| 2506.44 | 1 | $175,000 | $175,000 |
| 2527.21 | 1 | $195,000 | $195,000 |
| 2528.62 | 1 | $165,000 | $165,000 |
| 2535.1 | 1 | $225,000 | $225,000 |
| 2620.62 | 1 | $325,000 | $325,000 |
| 2637.36 | 1 | $295,000 | $295,000 |
| 2645.12 | 1 | $115,000 | $115,000 |
| 2653.58 | 1 | $145,000 | $145,000 |
| 2658.46 | 1 | $155,000 | $155,000 |
| 2708.42 | 1 | $365,000 | $365,000 |
| 2717.32 | 1 | $185,000 | $185,000 |
| 2726.24 | 1 | $345,000 | $345,000 |
| 2752.52 | 1 | $165,000 | $165,000 |
| 2773.36 | 1 | $345,000 | $345,000 |
| 2788.92 | 1 | $435,000 | $435,000 |
| 2796.16 | 1 | $75,000 | $75,000 |
| 3036.22 | 1 | $515,000 | $515,000 |
| 3203.98 | 1 | $115,000 | $115,000 |
| 3212.51 | 1 | $85,000 | $85,000 |
| 3321.72 | 1 | $425,000 | $425,000 |
| 3687.11 | 1 | $365,000 | $365,000 |
| 4035.62 | 1 | $355,000 | $355,000 |
| 4925.91 | 1 | $265,000 | $265,000 |
| 844.97 | 1 | $245,000 | $245,000 |
| NA | 256 | $50,050,000 | $195,508 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MIDWEST BANCORP, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 25.0% |
| FIRST MIDWEST BANCORP, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 50.0% |
| FIRST MIDWEST BANCORP, INC. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Midwest Bank of Poplar Bluff | 1215 Fellows Place Columbia, MO 65201 | Full Service B&M | $40,178 |
| First Midwest Bank of Poplar Bluff | 141 East Richardson Avenue Puxico, MO 63960 | Full Service B&M | $36,122 |
| First Midwest Bank of Poplar Bluff | 1411 Grindstone Plaza Drive Columbia, MO 65203 | Full Service B&M | $65,115 |
| First Midwest Bank of Poplar Bluff | 220 East Pine Boulevard Poplar Bluff, MO 63901 | Full Service B&M | $5,953 |
| First Midwest Bank of Poplar Bluff | 3069 North Westwood Boulevard Poplar Bluff, MO 63901 | Full Service B&M | $13,543 |
| First Midwest Bank of Poplar Bluff | 333 South Westwood Poplar Bluff, MO 63901 | Full Service Retail | $9,277 |
| First Midwest Bank of Poplar Bluff | 704-706 Highway 67 North Poplar Bluff, MO 63901 | Full Service B&M | $250,474 |
For 2020, First Midwest Bank Of Poplar Bluff had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,111 |
| Net interest income | $17,828 |
| Total noninterest income | $3,437 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $769 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,668 |
| Pre-tax net operating income | $8,162 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,162 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,162 |
| Minority interest net income | $0 |
| Net income | $8,162 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,162 |
First Midwest Bank Of Poplar Bluff's gross interest income from loans was $22,111,000.
First Midwest Bank Of Poplar Bluff's net interest income from loans was $17,828,000.
First Midwest Bank Of Poplar Bluff's fee based income from loans was $769,000.
First Midwest Bank Of Poplar Bluff's net income from loans was $8,162,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,283 |
| Provision for credit losses | $1,022 |
| Total noninterest expense | $12,081 |
| Salaries and employee benefits | $6,344 |
| Premises and equipment expense | $1,559 |
| Additional noninterest expense | $4,178 |
| Applicable income taxes | $0 |
| Net charge-offs | $288 |
| Cash dividends | $5,371 |
First Midwest Bank Of Poplar Bluff's interest expense for loans was $4,283,000.
First Midwest Bank Of Poplar Bluff's payroll and benefits expense were $6,344,000.
First Midwest Bank Of Poplar Bluff's property, plant and equipment expenses $1,559,000.
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 | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $421,178 |
| Deposits held in domestic offices | $421,178 |
| Deposits by Individuals, partnerships, and corporations | $356,537 |
| Deposits by U.S. Government | $21 |
| Deposits by States and political subdivisions in the U.S. | $43,870 |
| Deposits by Commercial banks and other depository institutions in U.S. | $20,750 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $151,873 |
| Demand deposits | $64,720 |
| Nontransaction accounts | $269,305 |
| Money market deposit accounts (MMDAs) | $103,060 |
| Other savings deposits (excluding MMDAs) | $19,933 |
| Total time deposits | $146,312 |
| Total time and savings deposits | $356,458 |
| Noninterest-bearing deposits | $66,662 |
| Interest-bearing deposits | $354,516 |
| Retail deposits | $378,087 |
| IRAs and Keogh plan accounts | $14,772 |
| Brokered deposits | $13,907 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $491,353 |
| Cash & Balances due from depository institutions | $37,880 |
| Interest-bearing balances | $26,982 |
| Total securities | $21,044 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $411,115 |
| Loan and leases loss allowance | $5,038 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,715 |
| Other real estate owned | $76 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,523 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $491,353 |
| Total Liabilities | $444,039 |
| Total deposits | $421,178 |
| Interest-bearing deposits | $354,516 |
| Deposits held in domestic offices | $421,178 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $2,711 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,874 |
| Subordinated debt | $0 |
| All other liabilities | $4,276 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $411,115 |
| Loan and leases loss allowance | $5,038 |
| Total loans and leases (domestic) | $416,153 |
| All real estate loans | $284,063 |
| Real estate loans in domestic offices | $284,063 |
| Construction and development loans | $43,975 |
| Residential 1-4 family construction | $22,141 |
| Other construction, all land development and other land | $21,834 |
| Loans secured by nonfarm nonresidential properties | $91,639 |
| Nonfarm nonresidential secured by owner-occupied properties | $23,943 |
| Commercial real estate & other non-farm, non-residential | $67,696 |
| Multifamily residential real estate | $12,565 |
| 1-4 family residential loans | $119,440 |
| Farmland loans | $16,444 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,448 |
| Commercial and industrial loans | $105,963 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $15,780 |
| Credit card loans | $373 |
| Related Plans | $0 |
| Consumer Auto Loans | $11,370 |
| Other loans to individuals | $4,037 |
| All other loans & leases | $1,899 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $334 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Midwest Bank of Poplar Bluff had $411,115,000 of loans outstanding in 2020. $284,063,000 of loans were in real estate loans. $43,975,000 of loans were in development loans. $12,565,000 of loans were in multifamily mortgage loans. $119,440,000 of loans were in 1-4 family mortgage loans. $8,448,000 of loans were in farm loans. $373,000 of loans were in credit card loans. $11,370,000 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 | 171 | $36,077 | $210,977 |
| Nonfarm, nonresidential loans - <$100k | 40 | $1,664 | $41,600 |
| Nonfarm, nonresidential loans - $100-250k | 53 | $7,443 | $140,434 |
| Nonfarm, nonresidential loans - $250k-1MM | 78 | $26,970 | $345,769 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,158 | $64,689 | $55,863 |
| Commercial & Industrial, US addressed loans - <$100k | 928 | $20,290 | $21,864 |
| Commercial & Industrial, US addressed loans - $100-250k | 130 | $14,301 | $110,008 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 100 | $30,098 | $300,980 |
| Farmland loans - <$1MM | 71 | $7,110 | $100,141 |
| Farmland loans - <$100k | 33 | $1,337 | $40,515 |
| Farmland loans - $100-250k | 26 | $3,200 | $123,077 |
| Farmland loans - $250k-1MM | 12 | $2,573 | $214,417 |
| Agriculture operations loans - <$1MM | 136 | $5,301 | $38,978 |
| Agriculture operations loans - <$100k | 115 | $2,497 | $21,713 |
| Agriculture operations loans - $100-250k | 17 | $1,910 | $112,353 |
| Agriculture operations loans - $250k-1MM | 4 | $894 | $223,500 |