Overview / Commentary
M1 Bank is headquartered in CLAYTON and is the 30th largest bank in the state of Missouri. It is also the 912th largest bank in the nation. It was established in 1911 and as of December of 2024, it had grown to 46 employees at 2 locations. M1 Bank's savings rates are 8X the national average, and it boasts an A+ health rating.
Reviews (1)
MUST APPLY IN-PERSON AT A BRANCH
Posted by: John2022 | Mar 15, 2024
As of 3-15-2024-
one can only open an account in-person, at a branch. NOT POSSIBLE TO OPEN ONLINE. Despite offering 10-MONTH CD AT 5.75% APY this "bank" isn't yet ready for the modern age.
Health
A+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9797 |
| Year Established | 1911 |
| Employees | 46 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.4% |
| Return on Equity - YTD | 15.42% |
| Annual Interest Income | $87.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.16B$963.8MM |
| Loans | Q4 2024vs Q4 2023 | $958.8MM$816MM |
| Deposits | Q4 2024vs Q4 2023 | $1.04B$861.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $110.6MM$91.1MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $12.8MM$6.6MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $0$0 |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |