Overview / Commentary
M1 Bank is headquartered in CLAYTON and is the 33rd largest bank in the state of Missouri. It is also the 1,036th largest bank in the nation. It was established in 1911 and as of December of 2023, it had grown to 38 employees at 2 locations. M1 Bank has a B+ health rating.
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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
B+
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9797 |
| Year Established | 1911 |
| Employees | 38 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.2% |
| Return on Equity - YTD | 24.59% |
| Annual Interest Income | $70.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $963.8MM$828.3MM |
| Loans | Q4 2023vs Q4 2022 | $816MM$653.7MM |
| Deposits | Q4 2023vs Q4 2022 | $861.3MM$753.8MM |
| Equity Capital | Q4 2023vs Q4 2022 | $91.1MM$70.3MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $6.6MM$5.2MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $0$0 |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |