United Midwest Savings Bank
United Midwest Savings Bank is headquartered in De Graff and is the 95th largest bank in the state of Ohio. It is also the 3,286th largest bank in the nation. It was established in 1889 and as of December of 2013, it had grown to 66 employees at 5 locations. United Midwest Savings Bank has a C+ health rating.
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DISGUSTING BANKING PRACTICES
You want some 'constructive criticism' and no rude or 'derisive' posts huh? Well no wonder therre are no ratings on here, because they have clearly all been deleted.
This bank used the 'guise' of fannie mae and freddie mac paperwork leading me to believe they were backed by such. NOT the case.
And when i became disabled and begged for a loan modification to keep my home...of course i was DENIED.
To make matters worse, they were suppose to be taking my property taxes out of escrow as i had requested. Did they? NOPE.
So now i have a tax lein on my property to make my already difficult situation now an impossible one.
So here's some of that 'constructive criticism' you supposedly want (wink and nod here):
Be courteous. Show some empathy. Or better yet, just do your job and try to help ppl with their loans.
Upside down on your loan? Paying EXORBITANT interest rates? Well, here's the bad news: If you have a mortgage loan with UMSB...you are screwed.
If I get any feedback from this, Im glad to give ANYONE my name and number so you can get a load of what they have done to me.
As i said at the start...DISGUSTING BANK DISGUSTING HEARTLESS PEOPLE WHO WORK THERE!!!!
Data for Q4 2013
Institution Health
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 December 31, 2013 United Midwest Savings Bank had $2.39 million in non-current loans and owned real-estate with $11.64 million in equity and loan loss allowances on hand to cover it. This gives United Midwest Savings Bank a Texas Ratio of 20.55% 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 United Midwest Savings Bank decreased dramatically from 73.21% as of December 31, 2012 to 20.55% as of December 31, 2013, resulting in a positive change of 71.93%.This indicates that the balance sheet and financial strength for United Midwest Savings Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, United Midwest Savings Bank has decreased its total deposits by -$7.26 million, resulting in -4.1% 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 United Midwest Savings Bank 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. United Midwest Savings Bank has $180.27 million in assets with $11.64 million in equity, resulting in a capitalization level of 6.46%, which is below average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 32441 |
| Year Established | 1889 |
| Employees | 66 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $180.27 million |
| Loans | $149.35 million |
| Deposits | $169.72 million |
| Equity Capital | $9.23 million |
| Loan Loss Allowance | $2.41 million |
| Unbacked Noncurrent Loans | $881,000 |
| Real Estate Owned | $1.51 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $201.91 million |
| Equity Capital | $16.19 million |
| Loan Loss Allowance | $2.50 million |
| Unbacked Noncurrent Loans | $881,000 |
| Real Estate Owned | $10.80 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.92% |
| Return on Assets | -3.77% |
| Return on Equity | -65.28% |
| Interest Income | $9.31 million |
Sorry, we do not have rate data for United Midwest Savings Bank
| United Midwest Savings Bank Locations | ||
|---|---|---|
| The First State Bk. Of W. Manchester Branch | 101 North Main Street | West Manchester, OH 45382 |
| United Midwest Savings Bank | 101 South Main Street | De Graff, OH 43318 |
| Ridgeway Avenue Branch | 1057 Ridgeway Avenue | Falmouth, KY 41040 |
| Reed Rd Branch | 4848 Reed Road | Columbus, OH 43220 |
| Lake Mary Branch | 875 Currency Circle | Lake Mary, FL 32746 |