Midwest BankCentre

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.

Deposit Rates - May 21, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.50% $100,000 Compare
36 Mo CD
0.55% $10,000 Compare
36 Mo CD
0.55% $100,000 Compare
48 Mo CD
0.55% $10,000 Compare
48 Mo CD
0.55% $100,000 Compare
60 Mo CD
0.75% $10,000 Compare
60 Mo CD
0.75% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1058
Date Established 1906
Assets $ 2.75 billion
Loans $ 2.12 billion
Deposits $ 2.30 billion
Capital $ 286.44 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 142.21 million
Interest-bearing balances $ 123.40 million
Total securities $ 291.28 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.12 billion
Loan loss allowance $ 28.37 million
Trading account assets $ 4.77 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.56 million
Goodwill and other intangibles $ 17.87 million
All other assets $ 125.81 million
     Total Assets $ 2.47 billion

LIABILITIES
Total deposits $ 2.30 billion
      Interest-bearing deposits $ 2.21 billion
      Deposits held in domestic offices $ 2.30 billion
      % insured (estimated) 73.66%
Federal funds purchased and repurchase agreements $ 16.96 million
Trading liabilities $ 4.77 million
Other borrowed funds $ 145.00 million
Subordinated debt N.A.
All other liabilities $ 24.54 millionn
      Total Liabilities $ 2.47 billion
      Shareholders’ Equity $ 286.44 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 131.60 million
Total Interest Expense $ 44.16 million
Net interest income $ 87.44 million
Provision for loan and lease losses $ 7.27 million
Total non interest income $ 14.47 million
Total non interest expense $ 59.05 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
  • 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.


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Branches

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Midwest BankCentre Locations