Independent Banker - July 2018 - 40

CONSUMER AND MORTGAGE
Keeping things simple
Great Midwest Bank's market savvy, varied borrower portfolio and dedication to a simple,
eff icient residential loan process set it apart in a competitive environment.
By Beth Mattson-Teig
n Brookfi eld, Wis., Great Midwest
Bank relies on a strong team
of residential lenders, market
expertise and a simple approach to
grow its mortgage business.
The bank, which has $753 million
in assets, reported 6.7 percent annual
growth in its consumer and mortgage
loan portfolio.
I
Bank name
1
2
3
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Lawrenceburg Federal Bank
Union Building and Loan Savings Bank
First Western Federal Savings Bank
4 Fairfield Federal Savings and Loan Association
of Lancaster
First Federal Savings and Loan Association
The North Country Savings Bank
Priority Bank
Brazos National Bank
Carthage Federal Savings and Loan
Association
Home Loan Investment Bank, F.S.B.
Mid-Central Federal Savings Bank
First Federal Savings and Loan Association
of Bath
Georgia Banking Company
Homewood Federal Savings Bank
Citizens Savings Bank
The Oculina Bank
Raymond Federal Bank
Argentine Federal Savings
First Federal Bank, A FSB
Natbank, National Association
40 Q ICBA Independent Banker Q July 2018
How do they do it? " First, we follow
a common-sense approach that has
been part of our culture since we
started in 1935, " says Dennis Doyle,
president and CEO. Specifi cally, the
team makes a concerted eff ort to
keep things simple from application
through underwriting and closing,
he says. This has resulted in great
Consumer and mortgage: Less than $500 million
Rank
City
Lawrenceburg
West
Bridgewater
Rapid City
Lancaster
Pascagoula
Canton
Fayetteville
Richwood
Carthage
Warwick
Wadena
Bath
Atlanta
Baltimore
Clarks Summit
Vero Beach
Raymond
Kansas City
Tuscaloosa
Hollywood
State
TN
PA
SD
OH
MS
NY
AR
TX
NY
RI
MN
ME
GA
MD
PA
FL
WA
KS
AL
FL
borrower and Realtor/builder loyalty.
Great Midwest is primarily a
residential lender that provides
home mortgage, jumbo, construction
and renovation loans, as well as
mortgage refi nancing for homeowners
and homebuyers. The community
bank also provides loans for
multifamily properties.
Consumer &
mortgage loans to
assets ratio
90.71%
86.94%
84.82%
82.81%
80.88%
80.04%
79.90%
79.63%
79.44%
77.14%
75.78%
75.50%
75.30%
75.29%
75.20%
75.11%
74.80%
74.61%
74.59%
74.20%
Its common-sense approach means
that a manual does not rule every
decision. The lending team looks at
loan applications on a case-by-case
basis, considering factors such as the
house and current market conditions,

Independent Banker - July 2018

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Independent Banker - July 2018 - Intro
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Independent Banker - July 2018 - Table of Contents
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