Mid America Bank in Linn, Missouri (MO)



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Mid America Bank
GeneralFDIC Certificate #: 11459
Status: Active
Federal Reserve ID: 873259
Bank Holding Company (Regulatory Top Holder): Friendship Bancshares, Inc. (RSSDID: 1978151, Location: Linn, MO)
Date Established: April 12, 1914
WWW: http://www.midambk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 7319
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 502 E Main St, Linn, MO 65051
County: Osage
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Columbia Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Jefferson City, MO (#27620)
CBSA Metro Statistical Area: Jefferson City, MO (#27620)
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $260.2 mil
Equity capital: $21.3 mil
Deposits held in domestic offices: $238.2 mil
Return on assets (ROA): 1.41% ($3.7 mil)
Quarterly return on assets: 1.27% ($3.3 mil)
Return on Equity (ROE): 17.93% ($3.8 mil)
Quarterly return on equity: 15.77% ($3.3 mil)
Net income: $3.6 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.41% ($3,668.8 mil)
Quarterly Pretax return on assets: 1.27% ($3,304.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)79
Total assets$260,198
Cash and due from depository institutions$19,778
Interest-bearing balances$14,010
Securities$22,582
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$206,075
Loan loss allowance $2,140
Trading account assets$0
Bank premises and fixed assets$5,076
Other real estate owned$2,109
Goodwill and other intangibles$0
All other assets$4,578
Life insurance assets$260,198
Total liabilities and capital$238,866
Total liabilities$238,173
Total deposits$216,570
Interest-bearing deposits$238,173
Deposits held in domestic offices$52
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$95
Other borrowed funds $0
Subordinated debt $598
All other liabilities $21,332
Total equity capital$21,332
Total bank equity capital$21,332
Perpetual preferred stock$0
Common stock$160
Surplus$5,686
Undivided profits $15,486
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $264
Earning assets $0
Long-term assets (5+ years) $1,062
Average Assets, year-to-date $242,667
Average Assets, quarterly $26,232
Volatile liabilities $255,619
Insider loans $260,955
FHLB advances $198,123
Loans and leases held for sale $262,765
Unused loan commitments $1,907
Tier 1 (core) risk-based capital $1,907
Tier 2 risk-based capital $21,032
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,866
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,362
Total interest expense $1,917
Net interest income $10,445
Provision for loan and lease losses $1,400
Total noninterest income $1,046
Fiduciary activities $0
Service charges on deposit accounts $433
Trading account gains & fees $0
Additional noninterest income $613
Total noninterest expense $6,663
Salaries and employee benefits $4,247
Premises and equipment expense $666
Additional noninterest expense $1,750
Pre-tax net operating income $3,428
Securities gains (losses) $169
Applicable income taxes $0
Income before extraordinary items $3,597
Extraordinary gains - net $0
Net income attributable to bank $3,597
Net charge-offs $0
Cash dividends $3,597
Sale, conversion, retirement of capital stock, net $662
Net operating income $1,210
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.21%
Cost of funding earning assets 0.81%
Net interest margin 4.40%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 2.81%
Net operating income to assets 1.34%
Return on assets (ROA) 1.41%
Pretax return on assets 1.41%
Return on equity (ROE) 17.93%
Retained earnings to average equity (YTD only) 11.90%
Net charge-offs to loans 0.34%
Credit loss provision to net charge-offs 211.48%
Efficiency ratio7.29%
Assets per employee$57,985
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 33.64%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 810.61%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits0.13%
Net loans and leases to core deposits 86.52%
Equity capital to assets 95.02%
Core capital (leverage) ratio 8.20%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 10.62%
Memoranda
Average assets$12
Average earning assets$255,619
Average equity $20,064
Average loans $237,441
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5 Missouri Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07319Mid America Bank502 E Main St, Linn, MO 65051April 12, 1914Full Service Brick and Mortar
1224657Meta BranchThird And Bertha, Meta, MO 65058April 09, 1984Full Service Brick and Mortar
2224658Wardsville BranchFriendship Road And Highway B, Wardsville, MO 65101October 28, 1993Full Service Brick and Mortar
3453924Mid America Bank - Holts Summit Bran580 Karen Street, Holts Summit, MO 65043August 01, 2006Full Service Brick and Mortar
4480095Belle BranchP.O. Box 727, Belle, MO 65013May 27, 2008Full Service Brick and Mortar
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