Midwest Bank National Association in Pierce, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Midwest Bank National Association in Pierce, Nebraska (NE)
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Midwest Bank National Association - Overview

  • General
  • FDIC Certificate #: 13255
    Status: Active
    Federal Reserve ID: 669555
    Bank Holding Company (Regulatory Top Holder): Midwest Banc Holding Co. (RSSDID: 1064652, Location: Pierce, NE)
    Date Established: January 01, 1882
    WWW: http://www.midwestbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 15702
    FDIC's unique #: 8387
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural 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
  • Location
  • Address: 101 West Main Street, Pierce, NE 68767
    County: Pierce
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Norfolk, NE (#35740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $477.7 mil
    Equity capital: $51.2 mil
    Deposits held in domestic offices: $399.5 mil
    Return on assets (ROA): 1.19% ($5.7 mil)
    Quarterly return on assets: 1.41% ($6.7 mil)
    Return on Equity (ROE): 11.40% ($5.8 mil)
    Quarterly return on equity: 13.30% ($6.8 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.65% ($7,881.9 mil)
    Quarterly Pretax return on assets: 2.00% ($9,553.8 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
  • 119Total employees (full-time equivalent)
  • $477,691Total assets
  • $29,871Cash and due from depository institutions
  • $17,201Interest-bearing balances
  • $92,183Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $331,237Net loans & leases
  • $5,147Loan loss allowance
  • $0Trading account assets
  • $10,044Bank premises and fixed assets
  • $962Other real estate owned
  • $1,892Goodwill and other intangibles
  • $477,691Life insurance assets
  • $11,502All other assets
  • $426,443Total liabilities and capital
  • $399,536Total liabilities
  • $382,118Total deposits
  • $399,536Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 4428.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,632Trading liabilities
  • $0Other borrowed funds
  • $1,847Subordinated debt
  • $51,248All other liabilities
  • $51,248Total equity capital
  • $51,248Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $11,313Surplus
  • $38,935Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,911Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $53Income earned, not collected on loans
  • $30Earning assets
  • $5,885Long-term assets (5+ years)
  • $440,621Average Assets, year-to-date
  • $76,332Average Assets, quarterly
  • $460,184Volatile liabilities
  • $475,234Insider loans
  • $363,169FHLB advances
  • $469,778Loans and leases held for sale
  • $398Unused loan commitments
  • $398Tier 1 (core) risk-based capital
  • $47,862Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $102,076Restructured Loans and leases
  • $13,752Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,028Total interest income
  • $4,708Total interest expense
  • $17,320Net interest income
  • $300Provision for loan and lease losses
  • $2,494Total noninterest income
  • $0Fiduciary activities
  • $1,048Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,446Additional noninterest income
  • $11,918Total noninterest expense
  • $7,785Salaries and employee benefits
  • $1,185Premises and equipment expense
  • $2,948Additional noninterest expense
  • $7,596Pre-tax net operating income
  • $12Securities gains (losses)
  • $2,144Applicable income taxes
  • $5,464Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,464Net income attributable to bank
  • $0Net charge-offs
  • $5,464Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $1,026Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 11.40%Return on equity (ROE)
  • 9.26%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1111.11%Credit loss provision to net charge-offs
  • 292.44%Efficiency ratio
  • 60,149Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.78%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 9711.32%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 82.91%Net loans and leases to core deposits
  • 89.12%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 13.18%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $460,184Average earning assets
  • $47,912Average equity
  • $430,772Average loans

List of branches

  • 9 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08387Midwest Bank National Association101 West Main Street, Pierce, NE 68767January 01, 1882Full Service Brick and Mortar
    23642Creighton Branch606 Main Street, Creighton, NE 68729December 23, 1930Full Service Brick and Mortar
    312593Deshler BranchMain Street, Deshler, NE 68340July 01, 1932Full Service Brick and Mortar
    43701Pilger BranchMain Street, Pilger, NE 68768January 01, 1900Full Service Brick and Mortar
    55315Plainview BranchMain Street, Plainview, NE 68769October 28, 1928Full Service Brick and Mortar
    6429660York Branch105 West Elm Street, York, NE 68467December 10, 2003Full Service Brick and Mortar
    7450368Norfolk Branch2501 Benjamin Avenue, Norfolk, NE 68702March 13, 2006Full Service Brick and Mortar
    8494734Lincoln Branch2655 Jamie Lane, Lincoln, NE 68512August 17, 2009Full Service Brick and Mortar
    9508651Midwest Bank, National Association506 S. 13th Street, Norfolk, NE 68702March 11, 2010Full Service Brick and Mortar

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