Midland States Bank Mortgage Rates, Fees & Info

Effingham, IL

LEI: 549300U6DW7DX671T306

Tax ID: 37-0259550

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Midland States Bank is a smaller bank specializing in Home Purchase and Refi loans. Midland States Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Chicago, Champaign, Kankakee, and Rockford among others. We have data for 81 markets. (Some data included below & more in-depth data is available with an active subscription.)

Midland States Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Midland States Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/31/24
30 Year Conventional Purchase 6.80% 10/31/24
30 Year Conventional Refi 6.57% 10/31/24
30 Year Cash-out Refi 6.90% 10/31/24
30 Year FHA Purchase 7.66% 10/31/24
30 Year FHA Refi 7.24% 10/31/24
30 Year VA Purchase 6.70% 10/31/24
30 Year USDA Purchase 7.13% 10/31/24
15 Year Conventional Purchase 6.46% 10/31/24
15 Year Conventional Refi 6.11% 10/31/24
15 Year Cash-out Refi 6.11% 10/31/24
15 Year FHA Refi 5.68% 10/31/24
15 Year VA Purchase 7.93% 10/31/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Midland States Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Midland States Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,042

Origination Dollar Volume (All Markets)

$396,070,000

Employee count

907

Awards

Midland States Bank FHA Loans silver Midland States Bank VA Loans silver Midland States Bank USDA Loans silver
Show all (3) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 274 $64,240,000 $234,453 $3,032 3.10%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 272 $56,590,000 $208,051 $3,990 3.08%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 131 $47,455,000 $362,252 $2,805 3.04%
KANKAKEE, IL (FHA|USDA|VA) 390 $45,910,000 $117,718 $2,964 2.92%
ROCKFORD, IL (FHA|USDA|VA) 448 $43,920,000 $98,036 $2,936 2.94%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $12,880,000 $2,146,667 $2,185 3.20%
Outside of Metro Areas 90 $12,470,000 $138,556 $3,177 2.95%
Effingham, IL (FHA|USDA|VA) 73 $12,025,000 $164,726 $3,159 2.93%
RACINE, WI (FHA|USDA|VA) 1 $9,805,000 $9,805,000 $0 4.75%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 7 $9,465,000 $1,352,143 $2,273 3.16%
Ottawa, IL (FHA|USDA|VA) 93 $9,225,000 $99,194 $2,700 3.12%
Jefferson, GA (FHA|USDA|VA) 1 $7,875,000 $7,875,000 $0 4.40%
LONGVIEW, TX (FHA|USDA|VA) 2 $5,490,000 $2,745,000 $3,079 3.69%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $5,090,000 $2,545,000 $15,965 2.75%
Centralia, IL (FHA|USDA|VA) 38 $4,700,000 $123,684 $2,800 3.10%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $4,505,000 $4,505,000 $0 4.50%
SALEM, OR (FHA|USDA|VA) 1 $4,075,000 $4,075,000 $0 4.25%
Heber, UT (FHA|USDA|VA) 1 $3,205,000 $3,205,000 $7,593 3.13%
Sterling, IL (FHA|USDA|VA) 42 $2,690,000 $64,048 $2,678 2.90%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 4.00%
Rochelle, IL (FHA|USDA|VA) 20 $2,130,000 $106,500 $3,102 2.83%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,900,000 $316,667 $2,508 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,585,000 $528,333 $5,622 3.08%
Dixon, IL (FHA|USDA|VA) 21 $1,515,000 $72,143 $2,548 2.96%
Charleston-Mattoon, IL (FHA|USDA|VA) 10 $1,230,000 $123,000 $3,605 2.70%
BLOOMINGTON, IL (FHA|USDA|VA) 5 $1,035,000 $207,000 $1,946 3.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,000,000 $250,000 $3,134 2.81%
PEORIA, IL (FHA|USDA|VA) 7 $975,000 $139,286 $3,103 2.54%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $965,000 $321,667 $2,605 2.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $895,000 $895,000 $4,143 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $840,000 $420,000 $5,987 3.44%
TUCSON, AZ (FHA|USDA|VA) 3 $835,000 $278,333 $3,041 2.46%
DECATUR, IL (FHA|USDA|VA) 4 $830,000 $207,500 $3,241 3.35%
Pontiac, IL (FHA|USDA|VA) 12 $800,000 $66,667 $3,181 2.81%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $725,000 $725,000 $6,340 3.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $680,000 $340,000 $3,617 3.06%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $680,000 $340,000 $3,031 2.56%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $660,000 $330,000 $5,108 3.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $630,000 $315,000 $3,580 3.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $585,000 $585,000 $3,286 2.88%
DANVILLE, IL (FHA|USDA|VA) 4 $580,000 $145,000 $4,801 2.22%
Mount Vernon, IL (FHA|USDA|VA) 4 $550,000 $137,500 $2,388 3.28%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $540,000 $270,000 $4,012 3.19%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $515,000 $515,000 $4,309 2.88%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $515,000 $515,000 $3,330 2.75%
SYRACUSE, NY (FHA|USDA|VA) 1 $465,000 $465,000 $3,601 2.25%
Freeport, IL (FHA|USDA|VA) 5 $425,000 $85,000 $3,186 2.58%
THE VILLAGES, FL (FHA|USDA|VA) 2 $420,000 $210,000 $2,841 3.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $395,000 $395,000 $3,066 3.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $380,000 $190,000 $2,283 2.75%
LUBBOCK, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,473 2.13%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $345,000 $345,000 $1,625 2.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $335,000 $335,000 $11,484 2.88%
TULSA, OK (FHA|USDA|VA) 1 $325,000 $325,000 $7,346 3.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $325,000 $325,000 $3,493 2.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.75%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $325,000 $325,000 $2,453 3.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,108 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.75%
Stevens Point, WI (FHA|USDA|VA) 1 $295,000 $295,000 $2,855 3.13%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $285,000 $285,000 $2,689 3.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $265,000 $265,000 $2,945 2.63%
SPRINGFIELD, IL (FHA|USDA|VA) 3 $265,000 $88,333 $2,954 2.04%
Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $4,145 2.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.99%
OCALA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,163 3.13%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $235,000 $235,000 $2,822 3.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $195,000 $195,000 $2,100 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,473 2.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $165,000 $165,000 $1,900 3.50%
MANHATTAN, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,893 2.88%
COLUMBIA, MO (FHA|USDA|VA) 1 $135,000 $135,000 $3,020 3.88%
Taylorville, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,130 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,822 2.88%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,892 4.13%
IOWA CITY, IA (FHA|USDA|VA) 1 $115,000 $115,000 $2,655 4.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,528 3.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $110,000 $55,000 $4,803 1.69%
LOUISVILLE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,915 3.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.50%
Midland States Bank's top markets include St. Louis, Chicago, Champaign, Kankakee, and Rockford among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Midland States Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First State Bank
    Similarity Rank: 24
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Fox Valley Savings Bank
    Similarity Rank: 96
    FOND DU LAC
    Similarity Rank: 128
    Liberty Bank for Savings
    Similarity Rank: 153
    Prairie State Bank and Trust
    Similarity Rank: 174
    Westbury Bank
    Similarity Rank: 190
    Rock Valley Credit Union
    Similarity Rank: 196
    Hickory Point Bank and Trust
    Similarity Rank: 220
    Hometown Bank
    Similarity Rank: 231

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,424 $338,600,000 $237,781 $2,817 2.98%
    HELOC 434 $28,500,000 $65,668 n/a 3.05%
    FHA 122 $17,410,000 $142,705 $5,907 3.10%
    USDA 33 $3,865,000 $117,121 $3,803 3.00%
    VA 29 $7,695,000 $265,345 $4,681 2.78%

    For 2021, Midland States Bank's most frequently originated type of loan was Conventional, with 1,424 originations. Their 2nd most popular type was HELOC, with 434 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 845 $178,465,000 $211,201 $4,120 2.84%
    Refi 695 $162,265,000 $233,475 $2,110 3.12%
    Other 259 $13,525,000 $52,220 $982 3.08%
    Cash Out Refi 235 $41,355,000 $175,979 $2,415 3.06%
    Home Improvement 8 $460,000 $57,500 $678 4.18%

    For 2021, Midland States Bank's most frequently cited loan purpose was Home Purchase, with 845 originations. The 2nd most popular reason was Refi, with 695 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 976 $184,430,000 $188,965 $3,688 3.16%
    10 Year 492 $39,020,000 $79,309 $1,047 2.97%
    15 Year 292 $47,820,000 $163,767 $2,206 2.59%
    5 Year 167 $51,785,000 $310,090 $152 2.54%
    20 Year 63 $12,795,000 $203,095 $2,251 2.84%
    Other 35 $32,935,000 $941,000 $1,262 3.93%
    1 Year 12 $10,220,000 $851,667 $0 4.44%
    3 Year 5 $17,065,000 $3,413,000 $2,000 3.89%

    For 2021, Midland States Bank's most frequently cited loan duration was 30 Year, with 976 originations. The 2nd most popular length was 10 Year, with 492 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 941 $177,675,000 $188,815
    $1k-2k 234 $41,200,000 $176,068
    $2k-3k 137 $20,385,000 $148,796
    $3k-4k 15 $2,445,000 $163,000
    $4k-5k 4 $760,000 $190,000
    $5k+ 3 $1,425,000 $475,000

    Midland States Bank's average total fees were $3,688, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 941 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 966 $134,970,000 $139,720
    3-4% 626 $163,000,000 $260,383
    <2.5% 299 $42,975,000 $143,729
    4-5% 131 $53,235,000 $406,374
    5-6% 18 $1,790,000 $99,444
    6-7% 2 $100,000 $50,000

    During 2021, Midland States Bank's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 966 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 832 $39,590,000 $47,584 $2,496 2.88%
    $100k-200k 710 $102,920,000 $144,958 $3,164 3.11%
    $200k-400k 404 $107,310,000 $265,619 $3,503 2.98%
    $400k-600k 62 $30,070,000 $485,000 $3,699 2.90%
    $1MM+ 21 $106,525,000 $5,072,619 $15,982 3.83%
    $600k-1MM 13 $9,655,000 $742,692 $5,276 3.77%

    2021 saw Midland States Bank place emphasis on $100,000 or less loans with 832 originations, totaling $39,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 509 $61,345,000 $120,521 $3,244 2.92%
    $50k or less 449 $40,595,000 $90,412 $3,454 2.84%
    $75k-100k 312 $40,790,000 $130,737 $3,011 2.99%
    $100k-150k 305 $52,075,000 $170,738 $2,911 3.07%
    $150k-250k 190 $37,000,000 $194,737 $2,787 2.93%
    $250k+ 82 $32,320,000 $394,146 $3,722 2.90%

    Midland States Bank lent most frequently to those with incomes in the $50k-75k range, with 509 originations. The second most popular income band? $50k or less, with 449 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 469 $64,815,000 $138,198 $2,778 3.05%
    30-36% 341 $54,405,000 $159,545 $3,338 3.07%
    <20% 290 $31,180,000 $107,517 $2,650 2.98%
    42% 67 $8,875,000 $132,463 $3,292 3.04%
    39% 67 $13,105,000 $195,597 $3,455 3.12%
    38% 64 $15,060,000 $235,313 $3,529 3.16%
    37% 62 $10,350,000 $166,935 $3,220 3.08%
    41% 62 $9,270,000 $149,516 $3,633 3.11%
    40% 60 $8,990,000 $149,833 $3,489 3.01%
    36% 57 $8,295,000 $145,526 $3,121 3.19%
    44% 56 $8,930,000 $159,464 $3,510 3.23%
    43% 55 $7,815,000 $142,091 $3,470 3.19%
    45% 27 $4,405,000 $163,148 $3,330 3.14%
    46% 23 $4,625,000 $201,087 $3,301 3.11%
    47% 20 $7,970,000 $398,500 $5,646 3.03%
    50-60% 19 $3,095,000 $162,895 $3,900 3.82%
    48% 16 $3,300,000 $206,250 $2,595 2.98%
    49% 16 $3,740,000 $233,750 $2,992 3.13%
    >60% 8 $930,000 $116,250 $956 4.21%

    Midland States Bank lent most frequently to those with DTI ratios of 20-30%, with 469 originations. The next most common DTI ratio? 30-36%, with 341 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,686 $240,500,000 $142,645 $3,075 2.96%
    Not applicable 97 $114,675,000 $1,182,216 $0 4.13%
    Not provided 114 $19,080,000 $167,368 $3,724 2.93%
    Black 92 $10,970,000 $119,239 $3,814 2.67%
    Asian 33 $6,815,000 $206,515 $3,419 2.79%
    American Indian 13 $1,775,000 $136,538 $2,730 2.87%
    Other Asian 1 $1,005,000 $1,005,000 $0 4.25%
    Asian Indian 3 $685,000 $228,333 $2,285 3.25%
    2 $410,000 $205,000 $4,054 2.88%
    Chinese 1 $155,000 $155,000 $0 4.35%

    Approval Rates

    Total approvals of all applications
    88.43%

    Midland States Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.54%

    Midland States Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,042 $396,070,000 $193,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,042 $396,070,000 $193,962

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 240 $23,790,000 $99,125 $1,705 3.22%
    40-60% 269 $78,015,000 $290,019 $2,295 3.07%
    60-80% 529 $157,465,000 $297,665 $2,561 3.16%
    80-100% 653 $118,125,000 $180,896 $3,951 3.12%
    Over 100% 10 $6,970,000 $697,000 $11,522 3.26%
    Under 20% 331 $8,865,000 $26,782 $421 2.28%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Midland States Bank 100 North Chicago Street Joliet, IL 60432 Full Service B&M $36,638
    Midland States Bank 101 North Main Street Waterloo, IL 62298 Limited, Drive-thru $0
    Midland States Bank 110 South Fifth Street Effingham, IL 62401 Full Service B&M $614,652
    Midland States Bank 11670 Gravois Road Saint Louis, MO 63126 Full Service B&M $60,216
    Midland States Bank 119 N Main Street Grant Park, IL 60940 Full Service B&M $68,707
    Midland States Bank 1201 Network Centre Drive Effingham, IL 62401 Full Service B&M $0
    Midland States Bank 1201 Network Centre Drive Effingham, IL 62401 Full Service Cyber Office $12,603
    Midland States Bank 1275 East Division Street Diamond, IL 60416 Full Service B&M $93,363
    Midland States Bank 13402 Clayton Rd Saint Louis, MO 63131 Full Service B&M $41,005
    Midland States Bank 1401 North Avenue Rockford, IL 61103 Full Service B&M $7,611
    Midland States Bank 1540 Route 59 Joliet, IL 60431 Full Service B&M $101,369
    Midland States Bank 1611 Veterans Avenue Vandalia, IL 62471 Full Service B&M $23,343
    Midland States Bank 1617 W. Springfield Ave Champaign, IL 61821 Full Service B&M $46,433
    Midland States Bank 1700 N Alpine Rd Rockford, IL 61107 Full Service B&M $281,836
    Midland States Bank 1920 Richardson Rd Arnold, MO 63010 Full Service B&M $41,742
    Midland States Bank 1972 Pawlisch Drive Rockford, IL 61112 Full Service B&M $86,182
    Midland States Bank 1988 Gateway Center Dr Belvidere, IL 61008 Full Service B&M $52,763
    Midland States Bank 200 Quarry Road Columbia, IL 62236 Full Service B&M $24,702
    Midland States Bank 200 South Poplar Street Centralia, IL 62801 Full Service B&M $76,986
    Midland States Bank 200 West Washington Street Momence, IL 60954 Full Service B&M $35,412
    Midland States Bank 201 East Main Street Streator, IL 61364 Full Service B&M $171,404
    Midland States Bank 202 Indian Springs Drive Sandwich, IL 60548 Full Service B&M $47,466
    Midland States Bank 208 East Veterans Parkway Yorkville, IL 60560 Full Service B&M $58,970
    Midland States Bank 212 North Hennepin Dixon, IL 61021 Full Service B&M $259,169
    Midland States Bank 212 South Central Avenue, Suite 200 Saint Louis, MO 63105 Limited, Administrative $0
    Midland States Bank 2218 North Mulford Road Rockford, IL 61107 Full Service B&M $54,215
    Midland States Bank 233 Mill Road Rockford, IL 61108 Limited, Drive-thru $0
    Midland States Bank 2341 Highway K O Fallon, MO 63368 Full Service B&M $16,285
    Midland States Bank 255 East Station Street Kankakee, IL 60901 Full Service B&M $139,521
    Midland States Bank 2825 Plaza Drive Peru, IL 61354 Full Service B&M $115,691
    Midland States Bank 302 First Avenue Sterling, IL 61081 Full Service B&M $167,934
    Midland States Bank 302 West Mazon Avenue Dwight, IL 60420 Full Service B&M $21,647
    Midland States Bank 303 Section Line Road Manteno, IL 60950 Full Service B&M $160,779
    Midland States Bank 311 Logan Avenue Belvidere, IL 61008 Limited, Drive-thru $0
    Midland States Bank 318 West College Greenville, IL 62246 Full Service B&M $34,562
    Midland States Bank 400 East Etna Road Ottawa, IL 61350 Full Service B&M $59,552
    Midland States Bank 4321 Manchester Avenue, Suite 100 Saint Louis, MO 63110 Full Service B&M $1,668
    Midland States Bank 5023 Rockrose Court Roscoe, IL 61073 Full Service B&M $50,865
    Midland States Bank 514 South Main Smithton, IL 62285 Full Service B&M $38,953
    Midland States Bank 576 Latham Drive Bourbonnais, IL 60914 Full Service B&M $91,192
    Midland States Bank 5991 South Highway 94 Saint Charles, MO 63304 Full Service B&M $513,007
    Midland States Bank 600 South State Street Belvidere, IL 61008 Full Service B&M $192,213
    Midland States Bank 609 Eighth Avenue Mendota, IL 61342 Full Service B&M $35,358
    Midland States Bank 613 Harlem Road Machesney Park, IL 61115 Full Service B&M $92,146
    Midland States Bank 654 North Park Road Herscher, IL 60941 Full Service B&M $24,338
    Midland States Bank 680 South Main Street Bourbonnais, IL 60914 Full Service B&M $44,828
    Midland States Bank 6838 East State Street Rockford, IL 61108 Full Service B&M $350,097
    Midland States Bank 7818 Bonhomme Avenue Saint Louis, MO 63105 Full Service B&M $163,707
    Midland States Bank 8021 West Florissant Avenue, Suite F Jennings, MO 63136 Full Service B&M $2,074
    Midland States Bank 812 N Market Waterloo, IL 62298 Full Service B&M $62,378
    Midland States Bank 815 North Commercial Avenue St. Clair, MO 63077 Full Service B&M $38,383
    Midland States Bank 815 South Main Street Princeton, IL 61356 Full Service B&M $171,454
    Midland States Bank 941 First Avenue Rock Falls, IL 61071 Full Service B&M $35,732
    Midland States Bank 951 Dixie Highway Beecher, IL 60401 Full Service B&M $81,524
    Midland States Bank 980 North Kinzie Avenue Bradley, IL 60915 Full Service B&M $144,721
    Midland States Bank 9877 Manchester Road Saint Louis, MO 63119 Full Service B&M $34,535
    Midland States Bank 9925 Clayton Rd Saint Louis, MO 63124 Full Service B&M $34,522
    Midland States Bank Walnut And Madison Streets Farina, IL 62838 Full Service B&M $25,414

    For 2021, Midland States Bank had 58 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $237,783
    Net interest income $218,309
    Total noninterest income $66,787
    Gross Fiduciary activities income $23,478
    Service charges on deposit accounts $8,348
    Trading account gains and fees $0
    Additional Noninterest Income $34,961
    Pre-tax net operating income $106,610
    Securities gains (or losses, -) $898
    Income before extraordinary items $87,687
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $87,687
    Minority interest net income $0
    Net income $87,687
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $86,950

    Midland States Bank's gross interest income from loans was $237,783,000.
    Midland States Bank's net interest income from loans was $218,309,000.
    Midland States Bank's fee based income from loans was $8,348,000.
    Midland States Bank's net income from loans was $87,687,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,474
    Provision for credit losses $3,393
    Total noninterest expense $175,093
    Salaries and employee benefits $86,582
    Premises and equipment expense $14,743
    Additional noninterest expense $73,768
    Applicable income taxes $19,821
    Net charge-offs $13,331
    Cash dividends $43,500

    Midland States Bank's interest expense for loans was $19,474,000.
    Midland States Bank's payroll and benefits expense were $86,582,000.
    Midland States Bank's property, plant and equipment expenses $14,743,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,148,477
    Deposits held in domestic offices $6,148,477
    Deposits by Individuals, partnerships, and corporations $5,687,819
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $452,806
    Deposits by Commercial banks and other depository institutions in U.S. $7,845
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $3,946,552
    Demand deposits $3,342,180
    Nontransaction accounts $2,201,926
    Money market deposit accounts (MMDAs) $869,067
    Other savings deposits (excluding MMDAs) $679,115
    Total time deposits $653,744
    Total time and savings deposits $2,806,298
    Noninterest-bearing deposits $2,283,530
    Interest-bearing deposits $3,864,947
    Retail deposits $5,981,828
    IRAs and Keogh plan accounts $101,175
    Brokered deposits $23,162
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,434,242
    Cash & Balances due from depository institutions $668,467
    Interest-bearing balances $607,848
    Total securities $915,807
    Federal funds sold & reverse repurchase $7,074
    Net loans and leases $5,205,784
    Loan and leases loss allowance $51,062
    Trading account assets $0
    Bank premises and fixed assets $70,792
    Other real estate owned $12,059
    Goodwill and other intangibles $215,143
    All other assets $339,116

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,434,242
    Total Liabilities $6,625,959
    Total deposits $6,148,477
    Interest-bearing deposits $3,864,947
    Deposits held in domestic offices $6,148,477
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $76,803
    Trading liabilities $0
    Other borrowed funds $310,000
    Subordinated debt $0
    All other liabilities $90,679

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,205,784
    Loan and leases loss allowance $51,062
    Total loans and leases (domestic) $5,256,846
    All real estate loans $2,379,735
    Real estate loans in domestic offices $2,379,735
    Construction and development loans $193,749
    Residential 1-4 family construction $20,593
    Other construction, all land development and other land $173,156
    Loans secured by nonfarm nonresidential properties $1,516,338
    Nonfarm nonresidential secured by owner-occupied properties $470,128
    Commercial real estate & other non-farm, non-residential $1,046,210
    Multifamily residential real estate $189,597
    1-4 family residential loans $410,088
    Farmland loans $69,963
    Loans held in foreign offices $0
    Farm loans $63,335
    Commercial and industrial loans $1,117,645
    To non-U.S. addressees $0
    Loans to individuals $936,533
    Credit card loans $0
    Related Plans $1,575
    Consumer Auto Loans $25,536
    Other loans to individuals $909,422
    All other loans & leases $759,599
    Loans to foreign governments and official institutions $0
    Other loans $287,998
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $20,181
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,158
    Non 1-4 family restructured loans & leases $2,420
    Total loans and leases (foreign) $0

    Midland States Bank had $5,205,784,000 of loans outstanding in 2021. $2,379,735,000 of loans were in real estate loans. $193,749,000 of loans were in development loans. $189,597,000 of loans were in multifamily mortgage loans. $410,088,000 of loans were in 1-4 family mortgage loans. $63,335,000 of loans were in farm loans. $0 of loans were in credit card loans. $25,536,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 835 $198,432 $237,643
    Nonfarm, nonresidential loans - <$100k 195 $12,037 $61,728
    Nonfarm, nonresidential loans - $100-250k 243 $29,326 $120,683
    Nonfarm, nonresidential loans - $250k-1MM 397 $157,069 $395,640
    Commercial & Industrial, US addressed loans - <$1MM 6,139 $675,443 $110,025
    Commercial & Industrial, US addressed loans - <$100k 2,807 $103,488 $36,868
    Commercial & Industrial, US addressed loans - $100-250k 2,307 $264,011 $114,439
    Commercial & Industrial, US addressed loans - $250k-1MM 1,025 $307,944 $300,433
    Farmland loans - <$1MM 456 $35,237 $77,274
    Farmland loans - <$100k 292 $5,783 $19,805
    Farmland loans - $100-250k 95 $10,952 $115,284
    Farmland loans - $250k-1MM 69 $18,502 $268,145
    Agriculture operations loans - <$1MM 484 $40,158 $82,971
    Agriculture operations loans - <$100k 328 $9,364 $28,549
    Agriculture operations loans - $100-250k 93 $11,536 $124,043
    Agriculture operations loans - $250k-1MM 63 $19,258 $305,683