For information concerning Rising Bank, a division of Midwest BankCentre online bank, please click here.
Midwest BankCentre is an FDIC insured institution headquartered at
2191 Lemay Ferry Rd, Lemay, MO 63125.
It was founded in
1906 and has approximately $3 billion in
assets. Customers can open an account at one of its 25 branches.
1st Mortgages & Home Equity Loans (Credit Score Approvals Down to 500)
Cash Out and Debt Consolidation Experts
Self Employed Bank Statement Loan Programs
A+ BBB Rating and 4.9 Stars on Google
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
97% of borrowers would recommend to friends or family
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 1058
Date Established
1906
Assets
$ 2.79 billion
Loans
$ 2.14 billion
Deposits
$ 2.32 billion
Capital
$ 296.59 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 152.63 million
Interest-bearing balances
$ 121.84 million
Total securities
$ 296.48 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 2.14 billion
Loan loss allowance
$ 29.81 million
Trading account assets
$ 5.24 million
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 17.82 million
All other assets
$ 125.81 million
Total Assets
$ 2.49 billion
LIABILITIES
Total deposits
$ 2.32 billion
Interest-bearing deposits
$ 2.23 billion
Deposits held in domestic offices
$ 2.32 billion
% insured (estimated)
74.87%
Federal funds purchased and repurchase agreements
$ 25.90 million
Trading liabilities
$ 5.24 million
Other borrowed funds
$ 145.00 million
Subordinated debt
N.A.
All other liabilities
$ 24.54 millionn
Total Liabilities
$ 2.49 billion
Shareholders’ Equity
$ 296.59 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 72.13 million
Total Interest Expense
$ 29.18 million
Net interest income
$ 42.95 million
Provision for loan and lease losses
$ 1.13 million
Total non interest income
$ 6.72 million
Total non interest expense
$ 31.20 million
Pre-tax Net Operating Income
$ 14.60 million
Customer Reviews for Midwest BankCentre (1)
Rated 4.00 stars out of 5 - based on 1 reviews
Great
June 21, 2021 |
This account is great. Had first opened an online savings account and then I locked into the 18-month No Penalty CD. While interest is still lost if you get out before a quarterly payment date, it provides all the flexibility I need and gives a slightly higher rate. Phone support was excellent and works around some quirks in an imperfect website.
Branches
Click on location and enter new zip number to change.
Your current location is: Columbus, OH
Great
June 21, 2021 |
This account is great. Had first opened an online savings account and then I locked into the 18-month No Penalty CD. While interest is still lost if you get out before a quarterly payment date, it provides all the flexibility I need and gives a slightly higher rate. Phone support was excellent and works around some quirks in an imperfect website.