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 - March 19, 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 |
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Overview 2024
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 1058 |
Date Established | 1906 |
Assets | $ 2.71 billion |
Loans | $ 2.13 billion |
Deposits | $ 2.27 billion |
Capital | $ 279.02 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 99.46 million |
Interest-bearing balances | $ 77.60 million |
Total securities | $ 283.95 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 2.13 billion |
Loan loss allowance | $ 27.02 million |
Trading account assets | $ 6.55 million |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 0.56 million |
Goodwill and other intangibles | $ 17.85 million |
All other assets | $ 125.81 million |
Total Assets | $ 2.43 billion |
LIABILITIES | |
Total deposits | $ 2.27 billion |
Interest-bearing deposits | $ 2.18 billion |
Deposits held in domestic offices | $ 2.27 billion |
% insured (estimated) | 73.99% |
Federal funds purchased and repurchase agreements | $ 17.65 million |
Trading liabilities | $ 6.55 million |
Other borrowed funds | $ 145.00 million |
Subordinated debt | N.A. |
All other liabilities | $ 24.54 millionn |
Total Liabilities | $ 2.43 billion |
Shareholders’ Equity | $ 279.02 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 96.55 million |
Total Interest Expense | $ 30.69 million |
Net interest income | $ 65.86 million |
Provision for loan and lease losses | $ 5.04 million |
Total non interest income | $ 11.29 million |
Total non interest expense | $ 42.61 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
Branches
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Midwest BankCentre Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankMISSOURI$50,0006 Month0.25%0.63x (National Avg. - 0.40%)$10,000-SCENARIO
Year Rate
0.25%Annual
InterestAnnual Interest
(After Tax)1 50,000 125 88 2 50,125 125 88 3 50,250 126 88 4 50,376 126 88 5 50,502 126 88 6 50,628 127 89 7 50,755 127 89 8 50,882 127 89 9 51,009 128 89 10 51,136 128 89 11 51,264 128 90 12 51,392 128 90 13 51,521 129 90 14 51,650 129 90 15 51,779 129 91 16 51,908 130 91 17 52,038 130 91 18 52,168 130 91 19 52,298 131 92 20 52,429 131 92 TOTAL $2,560 $1,792 - 2LOCAL CDOnline Bank-$50,0006 Month5.15%12.97x (National Avg. - 0.40%)$1,000-SCENARIO
Year Rate
5.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,575 1,803 2 52,575 2,708 1,895 3 55,283 2,847 1,993 4 58,130 2,994 2,096 5 61,123 3,148 2,203 6 64,271 3,310 2,317 7 67,581 3,480 2,436 8 71,062 3,660 2,562 9 74,721 3,848 2,694 10 78,569 4,046 2,832 11 82,616 4,255 2,978 12 86,870 4,474 3,132 13 91,344 4,704 3,293 14 96,049 4,946 3,463 15 100,995 5,201 3,641 16 106,196 5,469 3,828 17 111,665 5,751 4,026 18 117,416 6,047 4,233 19 123,463 6,358 4,451 20 129,821 6,686 4,680 TOTAL $86,507 $60,555 - 3LOCAL CDOnline Bank-$50,00012 Month5.20%9.42x (National Avg. - 0.55%)$1,000-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468
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.