Bank Midwest, National Association in Kansas City, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2010

  • Bank Midwest, National Association in Kansas City, Missouri (MO)
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Bank Midwest, National Association - Overview

  • General
  • FDIC Certificate #: 32964
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Armed Forces Bank, National Association (#4666)
    Federal Reserve ID: 635859
    Date Established: May 07, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 65 (Interstate: No)
    OTS Docket #: 13300
    FDIC's unique #: 46142
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 07, 1990
    Last Structure Change Effective Date: December 10, 2010
    Last Structure Change Process Date: December 16, 2010
    Last Data Update: December 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 Main Street Suite 1600, Kansas City, MO 64105
    County: Jackson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Absorption - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $3,943.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 851Total employees (full-time equivalent)
  • $4,263,943Total assets
  • $1,322,106Cash and due from depository institutions
  • $1,248,777Interest-bearing balances
  • $315,872Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,359,784Net loans & leases
  • $169,447Loan loss allowance
  • $0Trading account assets
  • $38,185Bank premises and fixed assets
  • $113,657Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $114,339All other assets
  • $4,263,943Total liabilities and capital
  • $4,026,955Total liabilities
  • $3,571,615Total deposits
  • $3,279,956Interest-bearing deposits
  • $3,571,615Deposits held in domestic offices
  • 96.78%% insured (estimated)
  • $52,829Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $378,000Other borrowed funds
  • $0Subordinated debt
  • $24,511All other liabilities
  • $236,988Total equity capital
  • $236,988Total bank equity capital
  • $236,988Perpetual preferred stock
  • $0Common stock
  • $75,000Surplus
  • $232,167Undivided profits
  • Memoranda
  • $-70,179Noncurrent loans and leases
  • $375,081Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $475,118Earning assets
  • $167Long-term assets (5+ years)
  • $11,797Average Assets, year-to-date
  • $3,924,433Average Assets, quarterly
  • $360,799Volatile liabilities
  • $4,228,976Insider loans
  • $4,183,866FHLB advances
  • $922,490Loans and leases held for sale
  • $1,866Unused loan commitments
  • $378,000Tier 1 (core) risk-based capital
  • $22,391Tier 2 risk-based capital
  • $5,487Total risk weighted assets
  • $375,081Total unused commitments
  • $9,856Restructured Loans and leases
  • $34,658Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $157,353Total interest income
  • $99,026Total interest expense
  • $58,327Net interest income
  • $327,300Provision for loan and lease losses
  • $52,223Total noninterest income
  • $0Fiduciary activities
  • $35,123Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,100Additional noninterest income
  • $129,185Total noninterest expense
  • $49,178Salaries and employee benefits
  • $11,099Premises and equipment expense
  • $68,908Additional noninterest expense
  • -$345,935Pre-tax net operating income
  • $1,634Securities gains (losses)
  • -$43,296Applicable income taxes
  • -$301,005Income before extraordinary items
  • $0Extraordinary gains - net
  • -$301,005Net income attributable to bank
  • $0Net charge-offs
  • -$301,005Cash dividends
  • $225,188Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 1.49%Net interest margin
  • 1.33%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -7.15%Net operating income to assets
  • -7.12%Return on assets (ROA)
  • -8.14%Pretax return on assets
  • -82.37%Return on equity (ROE)
  • -82.37%Retained earnings to average equity (YTD only)
  • 7.58%Net charge-offs to loans
  • 145.35%Credit loss provision to net charge-offs
  • -0.08%Efficiency ratio
  • 96,448Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.70%Loss allowance to noncurrent loans
  • 35.66%Noncurrent assets plus other real estate owned to assets
  • 13.81%Noncurrent loans to loans
  • 18.79%Net loans and leases to deposits
  • 66.07%Net loans and leases to core deposits
  • 85.81%Equity capital to assets
  • 5.56%Core capital (leverage) ratio
  • 5.68%Tier 1 risk-based capital ratio
  • 9.17%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $4,228,976Average earning assets
  • $365,441Average equity
  • $3,927,314Average loans

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