Old Missouri Bank is headquartered in Springfield and is the 124th largest bank in the state of Missouri. It is also the 3,459th largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 38 employees at 2 locations. Old Missouri Bank's money market rates are 14% higher than the national average, and it boasts a A+ health rating.
I was hoping to find a home for my corporate accounts. I opened up a personal account 8/21/11 to see how things worked. Seems Old Missouri couldn't handle a simple personal account with a few hundred dollars. Held onto my debit card for about a week because they didn't want to buy a stamp to tell me they needed info. I offered to leave money to buy a stamp but they wouldn't do that either. Been almost a month and still haven't received my password for online banking. Lots of excuses. Claim they couldn't give me password because they didn't have my phone number. However their online enrollment REQUIRES a phone number or it won't process. I've been to the bank twice and still no password. Who ever issues out passwords seems to always be out. I wonder what would happen if she quit would that mean the end of anyone being able to have online access and they'd close their doors? Don't bother going to manager. She needs to be retrained in customer service. She's very argumentive and doesn't seem to know that online form requires phone number. Bottom line: If they can't be trusted to handle a personal accounts right then I wouldn't trust them with a corporate account. I'm looking for another bank.
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 December 31, 2013 Old Missouri Bank had $1.08 million in non-current loans and owned real-estate with $16.41 million in equity and loan loss allowances on hand to cover it. This gives Old Missouri Bank a Texas Ratio of 6.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Old Missouri Bank decreased dramatically from 11.10% as of December 31, 2012 to 6.57% as of December 31, 2013, resulting in a positive change of 40.84%.This indicates that the balance sheet and financial strength for Old Missouri Bank has improved dramatically in recent periods.
In the past year, Old Missouri Bank has increased its total deposits by $14.83 million, resulting in 11.63% 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 Old Missouri Bank has shown is excellent.
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. Old Missouri Bank has $167.18 million in assets with $16.41 million in equity, resulting in a capitalization level of 9.82%, which is above average.
|FDIC Certificate #||35213|
|Assets and Liabilities|
|Equity Capital||$14.53 million|
|Loan Loss Allowance||$1.89 million|
|Unbacked Noncurrent Loans||$198,000|
|Real Estate Owned||$880,000|
|Historic Data - December 2012|
|Equity Capital||$13.15 million|
|Loan Loss Allowance||$1.56 million|
|Unbacked Noncurrent Loans||$198,000|
|Real Estate Owned||$1.22 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.52%|
|Return on Assets||1.05%|
|Return on Equity||11.85%|
|Interest Income||$7.84 million|
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|0.50%||$200k||-||Non-Profit/Public Funds MM|
|0.50%||$200k||-||Money Market Checking|
|0.50%||$200k||-||Business Money Market Checking|
|0.10%||-||-||Business Interest Checking|
|0.10%||-||-||Non-Prof/Public Fds Int. Chkg|
|1.30%||$1k||-||60 Month CD|
|1.30%||$1k||-||72 Month CD|
|1.20%||$1k||-||48 Month CD|
|1.10%||$1k||-||36 Month CD|
|0.75%||$1k||-||24 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.35%||$1k||-||6 Month CD|
|0.20%||$1k||-||3 Month CD|
|1.30%||$100||-||60 Month IRA|
|1.30%||$100||-||72 Month IRA|
|1.20%||$100||-||48 Month IRA|
|1.10%||$100||-||36 Month IRA|
|0.75%||$100||-||24 Month IRA|
|0.50%||$100||-||12 Month IRA|
|0.35%||$100||-||6 Month IRA|
|0.20%||$100||-||3 Month IRA|
|Old Missouri Bank Locations|
|West Sunshine Branch||1535 West Sunshine||Springfield, MO 65807|
|Old Missouri Bank||3570 South National||Springfield, MO 65807|