Institution Statistics
| MidCountry Bank | | OTS # | 02518 | | FDIC Certificate # | 28865 | | BankRate Report | View | | Year Established | 1933 | | Employees | 592 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $671.57 million | | Loans | $403.52 million | | Deposits | $533.83 million | | Equity Capital | $99.26 million | | Loan Loss Allowance | $12.98 million | | Unbacked Noncurrent Loans | $25.14 million | | Real Estate Owned | $3.82 million |
Historic Data - March 2011 | | Assets | $689.91 million | | Equity Capital | $95.95 million | | Loan Loss Allowance | $13.47 million | | Unbacked Noncurrent Loans | $28.06 million | | Real Estate Owned | $9.14 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.1% | | Return on Assets | 0.46% | | Return on Equity | 3.12% | | Interest Income | $7.45 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 MidCountry Bank had $28.96 million in non-current loans and owned real-estate with $112.24 million in equity and loan loss allowances on hand to cover it. This gives MidCountry Bank a Texas Ratio of 25.80% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for MidCountry Bank decreased slightly from 33.99% as of March 31, 2011 to 25.80% as of March 31, 2012, resulting in a positive change of 24.10%.This indicates that the balance sheet and financial strength for MidCountry Bank has improved slightly in recent periods. | | Deposit Growth | | | In the past year, MidCountry Bank has increased its total deposits by $8.24 million, resulting in 1.57% 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 MidCountry Bank has shown is above 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. MidCountry Bank has $671.57 million in assets with $112.24 million in equity, resulting in a capitalization level of 16.71%, which is excellent. |
|
Average User Rating:
Above Average
I have been a customer of Mid country (originally with First federal which was bought out by Mid country) for a very long time. They still offer free checking and good old fashioned atm cards. Their interest rates are about average, and there service is usually speedy and polite.
I have used 4 of there minnesota branches and have never had a bad experience.
Its easily a better choice than many of the larger banks.