Midwest Independent Bank in Jefferson City, Missouri (MO), NE
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Midwest Independent Bank in Jefferson City, Missouri (MO), NE
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Midwest Independent Bank - Overview

  • General
  • FDIC Certificate #: 25849
    Status: Active
    Federal Reserve ID: 977250
    Bank Holding Company (Regulatory Top Holder): Midwest Independent Bancshares, Inc. (RSSDID: 1142309, Location: Jefferson City, MO)
    Date Established: January 07, 1985
    WWW: http://www.mibanc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: Yes)
    OTS Docket #: 13812
    FDIC's unique #: 32084
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 07, 1985
    Last Structure Change Effective Date: December 31, 2011
    Last Structure Change Process Date: January 03, 2012
    Last Data Update: January 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 910 Weathered Rock Road, Jefferson City, MO 65101
    County: Cole
    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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $316.9 mil
    Equity capital: $36.4 mil
    Deposits held in domestic offices: $276.2 mil
    Return on assets (ROA): -0.17% (-$0.5 mil)
    Quarterly return on assets: -1.16% (-$3.7 mil)
    Return on Equity (ROE): -1.46% (-$0.5 mil)
    Quarterly return on equity: -10.20% (-$3.7 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -0.41% (-$1,299.4 mil)
    Quarterly Pretax return on assets: -2.01% (-$6,370.3 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
  • 42Total employees (full-time equivalent)
  • $316,928Total assets
  • $57,227Cash and due from depository institutions
  • $57,157Interest-bearing balances
  • $19,595Securities
  • $52,913Federal funds sold & reverse repurchase agreements
  • $165,384Net loans & leases
  • $4,549Loan loss allowance
  • $0Trading account assets
  • $3,014Bank premises and fixed assets
  • $5,383Other real estate owned
  • $0Goodwill and other intangibles
  • $316,928Life insurance assets
  • $13,412All other assets
  • $280,576Total liabilities and capital
  • $276,213Total liabilities
  • $33,387Total deposits
  • $276,213Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,363Subordinated debt
  • $36,352All other liabilities
  • $36,352Total equity capital
  • $36,352Total bank equity capital
  • $0Perpetual preferred stock
  • $1,117Common stock
  • $23,783Surplus
  • $11,452Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,738Income earned, not collected on loans
  • $0Earning assets
  • $1,193Long-term assets (5+ years)
  • $295,049Average Assets, year-to-date
  • $36,335Average Assets, quarterly
  • $308,446Volatile liabilities
  • $322,158Insider loans
  • $206,524FHLB advances
  • $318,994Loans and leases held for sale
  • $1,802Unused loan commitments
  • $224Tier 1 (core) risk-based capital
  • $33,155Tier 2 risk-based capital
  • $1,578Total risk weighted assets
  • $0Total unused commitments
  • $20,571Restructured Loans and leases
  • $11,352Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,094Total interest income
  • $349Total interest expense
  • $8,745Net interest income
  • $2,323Provision for loan and lease losses
  • $5,386Total noninterest income
  • $0Fiduciary activities
  • $6,291Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$905Additional noninterest income
  • $13,075Total noninterest expense
  • $3,562Salaries and employee benefits
  • $769Premises and equipment expense
  • $8,744Additional noninterest expense
  • -$1,267Pre-tax net operating income
  • $0Securities gains (losses)
  • -$729Applicable income taxes
  • -$538Income before extraordinary items
  • $0Extraordinary gains - net
  • -$538Net income attributable to bank
  • $0Net charge-offs
  • -$538Cash dividends
  • $8,061Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.31%Yield on earning assets
  • 0.13%Cost of funding earning assets
  • 3.19%Net interest margin
  • 1.96%Noninterest income to earning assets
  • 4.76%Noninterest expense to earning assets
  • -0.17%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -1.46%Return on equity (ROE)
  • -1.46%Retained earnings to average equity (YTD only)
  • 4.33%Net charge-offs to loans
  • 28.82%Credit loss provision to net charge-offs
  • 0.13%Efficiency ratio
  • 92,527Assets per employee
  • 7.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 27.18%Noncurrent assets plus other real estate owned to assets
  • 6.98%Noncurrent loans to loans
  • 9.85%Net loans and leases to deposits
  • 59.88%Net loans and leases to core deposits
  • 63.40%Equity capital to assets
  • 11.47%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 16.05%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $308,446Average earning assets
  • $36,767Average equity
  • $274,443Average loans

List of branches

  • 1 Missouri Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032084Midwest Independent Bank910 Weathered Rock Road, Jefferson City, MO 65101January 07, 1985Full Service Brick and Mortar
  • 1 Nebraska Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1362016Nebraska Banker's Bank Branch140 North 8th , Suite 260, Lincoln, NE 68508October 01, 2002Full Service Brick and Mortar

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