MidFirst Bank

Headquarters

501 Nw Grand Blvd
Oklahoma City, OK 73118
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by sharzns | June 17, 2022

Savings Rates

Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time.


2024 Overview

General Bank Information

MidFirst Bank is an FDIC insured institution located in Oklahoma City, OK. It was founded in 1911 and has approximately $37.93 billion in assets. Customers can open an account at one of its 86 branches.

FDIC Insured Yes
FDIC Certificate # 4063
Date Established 1911
Assets $ 37.93 billion
Loans $ 30.77 billion
Deposits $ 23.01 billion
Capital $ 3.80 billion
 

For a more detailed analysis of MidFirst Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 31, 2024

Your Current Location: Alabama, AL 10007

Online Only Savings Rates of Vio Bank, A Division of MidFirst Bank

Online Savings Rates APY MIN MAX
Online Savings Account
1.10% $0 - Learn More

Online Only CD Rates of Vio Bank, A Division of MidFirst Bank

Online CD Rates APY MIN MAX
6-Month CD
4.30% $500 - Learn More
12 Month CD
4.00% $500 - Learn More
18 Month CD
3.95% $500 - Learn More
24 Month CD
3.75% $500 - Learn More
36 Month CD
3.50% $500 - Learn More
48 Month CD
2.75% $500 - Learn More
60 Month CD
2.75% $500 - Learn More
Checking Rates APY MIN FEE
M Account 0.00% $0 $10.00 Learn MoreShow Less
M+ Account 0.05% $2,500 $15.00 Learn MoreShow Less

Bank Online Offers


Loan Rates - October 31, 2024

Your Current Location: Alabama, AL 10007

There are currently no loan rates available for MidFirst Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Alabama 30 Year Fixed Mortgage Rates 2024

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Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.976% 6.875%
0.75 points
$3,295 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.200% 7.125%
0.75 points
$2,400 fees
$2,156 Learn More
Neighbors Bank
NMLS ID: 491986

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Wells Fargo Bank
NMLS ID: 399801

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Featured - Alabama Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More

Note to MidFirst Bank
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Branches

MidFirst Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Talladega,Alabama



Climate Policy and Initiatives


MidFirst has an energy lending page on their website that is entirely dedicated to the funding of oil and gas.  No mention of any funding or intent to fund in the renewable energy space.

Updated April 1, 2024


Climate Score: D

MidFirst has an energy lending page on their website that is entirely dedicated to the funding of oil and gas. No mention of any funding or intent to fund in the renewable energy space.


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Financial Details

MidFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MidFirst Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
MidFirst Bank U.S. Bank Average
71.27% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, MidFirst Bank had $2,843,802,000 in non-current loans and $9,733,000 in owned real estate. To cover these potential losses it had $3,797,265,000 in equity and $206,832,000 in loans loss reserves. That gives it a Texas Ratio of 71.27%.

Return on Equity
MidFirst Bank U.S. Bank Average
9.6% 10.46%

MidFirst Bank has a Return on Equity of 9.6% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
MidFirst Bank U.S. Bank Average
10.01% 10.84%

MidFirst Bank has a Capitalization of 10.01% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

MidFirst Bank Balance Sheet Analysis

As of June 30, 2024, MidFirst Bank had assets of $37,930,177,000, loans of $30,766,734,000, and deposits of $23,008,973,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 467.78 million
Interest-bearing balances $ 318.10 million
Total securities $ 4.77 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 30.77 billion
Loan loss allowance $ 206.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 9.73 million
Goodwill and other intangibles $ 259.34 million
All other assets $ 1,292.71 million
     Total Assets $ 34.13 billion
LIABILITIES
Total deposits $ 23.01 billion
      Interest-bearing deposits $ 19.01 billion
      Deposits held in domestic offices $ 23.01 billion
      % insured (estimated) 82.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.82 billion
Subordinated debt N.A.
All other liabilities $ 167.35 million
      Total Liabilities $ 34.13 billion
      Shareholders’ Equity $ 3.80 billion

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 944.41 million
Total Interest Expense $ 475.86 million
Net interest income $ 468.55 million
Provision for loan and lease losses $ 17.06 million
Total non interest income $ 61.90 million
Total non interest expense $ 328.00 million
Pre-tax Net Operating Income $ 379.51 million

Bank Loan Profile?

The top three loan types in MidFirst Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Oklahoma, MidFirst Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 55.56
Multifamily
Mortgages
1.77
Credit Card Loans 0.08
Consumer Auto Loans 0.13
Small Business Loans 2.51
Construction and Development Loans 2.62
Commercial Real Estate 18.61
Commercial and Industrial Loans 7.24
Farm Loans 0.00

Customer Reviews for MidFirst Bank


  • June 17, 2022

    Savings Rates

    Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time.

  • July 9, 2021 |

    "Vio" application process is defective, I used to work on bank security so truthfully responded. Requires documentation which I sent in at length and then got denied because of unknown reasons. Have excellent credit>>800.

  • April 13, 2021 |

    Great bank. No problems easy to set up. Been a customer for 3 years. Midfirst/ Vio great people.


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