Great Midwest Bank, S.S.B.

15900 West Bluemound Road
Brookfield, WI 53005
(262) 784-4400
www.greatmidwestbank.com

OverView
Rates
Health
Reviews

Great Midwest Bank, S.S.B. is headquartered in Brookfield and is the 37^th largest bank in the state of Wisconsin. It is also the 1,308^th largest bank in the nation. It was established in 1936 and as of March of 2012, it had grown to 72 employees at 10 locations. Great Midwest Bank, S.S.B. has a 4-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Great Midwest Bank, S.S.B. Checking Account Rates

Apy	Min	Max	Product
0.10%	$2,500	-	Super Now Account
0.05%	$500	-	NOW Account

Great Midwest Bank, S.S.B. Savings Account Rates

Apy	Min	Max	Product
0.40%	$50k	-	Platinum Savings Account
0.30%	$10k	-	Premium Passbook Savings Account
0.30%	$25k	-	Premium Statement Plus Account
0.20%	$25k	-	Premium Passbook Plus Account
0.20%	$10k	-	Premium Statement Savings Account
0.10%	$200	-	Passbook Savings Account
0.10%	$200	-	Statement Savings Account

Great Midwest Bank, S.S.B. Money Market Rates

	Apy	Min	Max	Product
	0.40%	$25k	-	Insured Investment Account

Great Midwest Bank, S.S.B. CD Rates

Apy	Min	Max	Product
1.85%	$1k	-	6 Year CD
1.20%	$1k	-	4 Year CD
0.70%	$1k	-	2 Year CD
0.60%	$5k	-	15 Month CD
0.50%	$1k	-	1 Year CD
0.35%	$2,500	-	6 Month CD
0.15%	$2,500	-	91 Day CD
0.10%	$2,500	-	31 Day CD

Great Midwest Bank, S.S.B. IRA Rates

Apy	Min	Max	Product
1.85%	$1k	-	6 Year IRA
1.85%	$1k	-	6 Year Education IRA
1.85%	$1k	-	6 Year SIMPLE IRA
1.85%	$1k	-	6 Year SEP IRA
1.20%	$1k	-	4 Year IRA
1.20%	$1k	-	4 Year Education IRA
1.20%	$1k	-	4 Year SIMPLE IRA
1.20%	$1k	-	4 Year SEP IRA
0.70%	$1k	-	2 Year IRA
0.70%	$1k	-	2 Year Education IRA
0.70%	$1k	-	2 Year SIMPLE IRA
0.70%	$1k	-	2 Year SEP IRA
0.60%	$5k	-	15 Month IRA
0.60%	$5k	-	15 Month Education IRA
0.60%	$5k	-	15 Month SIMPLE IRA
0.60%	$5k	-	15 Month SEP IRA
0.50%	$100	-	18 Month IRA
0.50%	$1k	-	1 Year IRA
0.50%	$1k	-	1 Year Education IRA
0.50%	$100	-	18 Month Education IRA
0.50%	$1k	-	1 Year SIMPLE IRA
0.50%	$1k	-	1 Year SEP IRA
0.50%	$100	-	18 Month SIMPLE IRA
0.50%	$100	-	18 Month SEP IRA
0.35%	$2,500	-	6 Month IRA
0.35%	$2,500	-	6 Month Education IRA
0.35%	$2,500	-	6 Month SIMPLE IRA
0.35%	$2,500	-	6 Month SEP IRA
0.15%	$2,500	-	91 Day IRA
0.15%	$2,500	-	91 Day Education IRA
0.15%	$2,500	-	91 Day SIMPLE IRA
0.15%	$2,500	-	91 Day SEP IRA
0.10%	$2,500	-	31 Day IRA
0.10%	$2,500	-	31 Day Education IRA
0.10%	$2,500	-	31 Day SIMPLE IRA
0.10%	$2,500	-	31 Day SEP IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Great Midwest Bank, S.S.B.
FDIC Certificate #	29657
BankRate Report	View
Year Established	1936
Employees	72
Primary Regulator	FDIC
Assets and Liabilities
Assets	$517.73 million
Loans	$391.04 million
Deposits	$382.47 million
Equity Capital	$98.39 million
Loan Loss Allowance	$4.69 million
Unbacked Noncurrent Loans	$9.68 million
Real Estate Owned	$2.88 million
Historic Data - March 2011
Assets	$540.62 million
Equity Capital	$94.84 million
Loan Loss Allowance	$3.79 million
Unbacked Noncurrent Loans	$11.05 million
Real Estate Owned	$1.97 million
Profit Margin - Quarterly
Net Interest Margin	3.24%
Return on Assets	0.82%
Return on Equity	4.39%
Interest Income	$5.70 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Great Midwest Bank, S.S.B. had $12.56 million in non-current loans and owned real-estate with $103.09 million in equity and loan loss allowances on hand to cover it. This gives Great Midwest Bank, S.S.B. a Texas Ratio of 12.18% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Great Midwest Bank, S.S.B. held steady from 13.20% as of March 31, 2011 to 12.18% as of March 31, 2012, resulting in a positive change of 7.72%.This indicates that the balance sheet and financial strength for Great Midwest Bank, S.S.B. has held steady in recent periods.
Deposit Growth
In the past year, Great Midwest Bank, S.S.B. has decreased its total deposits by -$15.49 million, resulting in -3.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Great Midwest Bank, S.S.B. has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Great Midwest Bank, S.S.B. has $517.73 million in assets with $103.09 million in equity, resulting in a capitalization level of 19.91%, which is excellent.