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

Review & Overview

Midland States Bank is a smaller bank specializing in Home Purchase loans. Midland States Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Rockford, Chicago, Kankakee, and Anchorage among others. We have data for 140 markets. (Some data included below & more in-depth data is available with an active subscription.)

Midland States Bank has an above 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%	4/21/24
30 Year Conventional Purchase	6.80%	4/21/24
30 Year Conventional Refi	6.57%	4/21/24
30 Year Cash-out Refi	6.90%	4/21/24
30 Year FHA Purchase	7.66%	4/21/24
30 Year FHA Refi	7.24%	4/21/24
30 Year VA Purchase	6.70%	4/21/24
30 Year USDA Purchase	7.13%	4/21/24
15 Year Conventional Purchase	6.46%	4/21/24
15 Year Conventional Refi	6.11%	4/21/24
15 Year Cash-out Refi	6.11%	4/21/24
15 Year FHA Refi	5.68%	4/21/24
15 Year VA Purchase	7.93%	4/21/24
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

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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

2,369

Origination Dollar Volume (All Markets)

$423,115,000

Employee count

1,086

Awards

Midland States Bank 30 Year Conventional Loans gold

Show all (11) 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)	654	$129,200,000	$197,554	$3,071	4.72%
ROCKFORD, IL (FHA\|USDA\|VA)	621	$56,765,000	$91,409	$2,634	5.08%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	159	$30,015,000	$188,774	$3,177	5.06%
KANKAKEE, IL (FHA\|USDA\|VA)	184	$21,760,000	$118,261	$2,755	5.02%
ANCHORAGE, AK (FHA\|USDA\|VA)	1	$20,105,000	$20,105,000	$0	6.00%
Outside of Metro Areas	115	$16,155,000	$140,478	$2,843	4.86%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	3	$15,895,000	$5,298,333	$5,032	5.29%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	71	$10,455,000	$147,254	$3,351	4.70%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	37	$9,355,000	$252,838	$3,861	4.56%
Effingham, IL (FHA\|USDA\|VA)	41	$7,565,000	$184,512	$3,236	4.86%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	1	$7,105,000	$7,105,000	$0	6.02%
Ottawa, IL (FHA\|USDA\|VA)	89	$6,995,000	$78,596	$2,096	5.26%
YAKIMA, WA (FHA\|USDA\|VA)	1	$6,455,000	$6,455,000	$0	5.99%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	10	$4,610,000	$461,000	$4,566	4.60%
Dixon, IL (FHA\|USDA\|VA)	37	$3,835,000	$103,649	$2,061	5.02%
PEORIA, IL (FHA\|USDA\|VA)	19	$3,095,000	$162,895	$2,679	4.86%
ROCHESTER, NY (FHA\|USDA\|VA)	4	$3,050,000	$762,500	$5,899	4.59%
FOND DU LAC, WI (FHA\|USDA\|VA)	17	$2,945,000	$173,235	$4,036	4.83%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	10	$2,880,000	$288,000	$2,918	4.19%
Rochelle, IL (FHA\|USDA\|VA)	19	$2,405,000	$126,579	$2,940	5.09%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	4	$2,320,000	$580,000	$3,231	4.19%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	5	$2,155,000	$431,000	$4,501	4.45%
Sterling, IL (FHA\|USDA\|VA)	25	$2,025,000	$81,000	$2,024	5.28%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	6	$1,920,000	$320,000	$4,151	4.29%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	5	$1,715,000	$343,000	$2,480	4.43%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	4	$1,620,000	$405,000	$4,653	4.19%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	7	$1,595,000	$227,857	$3,550	3.98%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	8	$1,540,000	$192,500	$3,973	4.75%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	4	$1,500,000	$375,000	$4,870	4.56%
RENO, NV (FHA\|USDA\|VA)	2	$1,340,000	$670,000	$3,883	4.13%
Centralia, IL (FHA\|USDA\|VA)	15	$1,305,000	$87,000	$1,999	5.10%
COLUMBIA, MO (FHA\|USDA\|VA)	3	$1,285,000	$428,333	$2,125	4.50%
AMARILLO, TX (FHA\|USDA\|VA)	1	$1,275,000	$1,275,000	$7,137	4.13%
TUCSON, AZ (FHA\|USDA\|VA)	5	$1,265,000	$253,000	$3,576	4.20%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	2	$1,180,000	$590,000	$3,628	4.19%
Beaver Dam, WI (FHA\|USDA\|VA)	9	$1,175,000	$130,556	$3,561	4.71%
SPRINGFIELD, IL (FHA\|USDA\|VA)	3	$1,135,000	$378,333	$2,826	4.42%
WENATCHEE, WA (FHA\|USDA\|VA)	2	$1,060,000	$530,000	$3,222	4.75%
Pontiac, IL (FHA\|USDA\|VA)	8	$1,020,000	$127,500	$1,363	5.49%
Charleston-Mattoon, IL (FHA\|USDA\|VA)	9	$1,005,000	$111,667	$2,323	4.96%
LANCASTER, PA (FHA\|USDA\|VA)	2	$930,000	$465,000	$5,560	3.88%
BLOOMINGTON, IL (FHA\|USDA\|VA)	4	$890,000	$222,500	$3,090	4.25%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$865,000	$865,000	$3,981	3.63%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	2	$810,000	$405,000	$3,158	4.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	2	$720,000	$360,000	$2,924	4.25%
SIOUX FALLS, SD (FHA\|USDA\|VA)	1	$705,000	$705,000	$3,162	4.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	3	$665,000	$221,667	$2,183	4.33%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	3	$655,000	$218,333	$3,333	4.21%
BOISE CITY, ID (FHA\|USDA\|VA)	1	$655,000	$655,000	$5,012	4.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	2	$620,000	$310,000	$4,213	4.00%
SYRACUSE, NY (FHA\|USDA\|VA)	4	$590,000	$147,500	$3,844	3.94%
Freeport, IL (FHA\|USDA\|VA)	9	$555,000	$61,667	$2,227	5.12%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$555,000	$555,000	$3,721	4.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	3	$555,000	$185,000	$2,674	3.83%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	2	$550,000	$275,000	$4,524	3.94%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$535,000	$535,000	$0	5.75%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	2	$530,000	$265,000	$6,354	4.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	5	$525,000	$105,000	$2,366	5.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	2	$520,000	$260,000	$4,107	4.19%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	2	$510,000	$255,000	$5,664	4.44%
KENNEWICK-RICHLAND, WA (FHA\|USDA\|VA)	1	$505,000	$505,000	$2,866	3.88%
AMES, IA (FHA\|USDA\|VA)	1	$505,000	$505,000	$2,728	3.75%
Bozeman, MT (FHA\|USDA\|VA)	1	$495,000	$495,000	$3,019	4.88%
ROCHESTER, MN (FHA\|USDA\|VA)	1	$475,000	$475,000	$3,469	3.75%
ELMIRA, NY (FHA\|USDA\|VA)	1	$465,000	$465,000	$4,494	5.13%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$465,000	$465,000	$3,843	3.63%
MADISON, WI (FHA\|USDA\|VA)	3	$465,000	$155,000	$3,540	4.46%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$455,000	$455,000	$3,763	3.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	1	$455,000	$455,000	$4,105	4.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	2	$440,000	$220,000	$3,079	5.06%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	1	$415,000	$415,000	$2,400	4.00%
DECATUR, IL (FHA\|USDA\|VA)	2	$410,000	$205,000	$3,207	4.25%
Show Low, AZ (FHA\|USDA\|VA)	1	$395,000	$395,000	$3,897	4.00%
LAKE CHARLES, LA (FHA\|USDA\|VA)	1	$395,000	$395,000	$4,810	4.13%
GREELEY, CO (FHA\|USDA\|VA)	1	$375,000	$375,000	$10,687	3.75%
LINCOLN, NE (FHA\|USDA\|VA)	1	$375,000	$375,000	$2,264	5.00%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$375,000	$375,000	$15,217	3.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	2	$370,000	$185,000	$3,048	4.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$360,000	$180,000	$12,258	4.88%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	3	$355,000	$118,333	$2,600	4.75%
Waycross, GA (FHA\|USDA\|VA)	1	$335,000	$335,000	$3,432	4.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$325,000	$325,000	$5,140	4.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	2	$320,000	$160,000	$3,218	4.56%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	1	$315,000	$315,000	$6,558	4.25%
TERRE HAUTE, IN (FHA\|USDA\|VA)	2	$310,000	$155,000	$2,429	4.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,703	4.63%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$305,000	$305,000	$4,061	4.00%
Vermillion, SD (FHA\|USDA\|VA)	1	$305,000	$305,000	$1,589	3.75%
Fort Madison-Keokuk, IA-IL-MO (FHA\|USDA\|VA)	2	$300,000	$150,000	$4,066	4.63%
WACO, TX (FHA\|USDA\|VA)	1	$295,000	$295,000	$8,973	4.88%
BLOOMINGTON, IN (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,503	4.50%
LUBBOCK, TX (FHA\|USDA\|VA)	1	$275,000	$275,000	$4,173	4.00%
Ogdensburg-Massena, NY (FHA\|USDA\|VA)	1	$275,000	$275,000	$6,669	4.00%
SHEBOYGAN, WI (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,538	5.00%
MCALLEN-EDINBURG-MISSION, TX (FHA\|USDA\|VA)	2	$270,000	$135,000	$3,317	3.88%
Montrose, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,628	4.38%
EAU CLAIRE, WI (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,139	4.50%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	2	$260,000	$130,000	$2,910	5.13%
BATON ROUGE, LA (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,601	3.75%
The Dalles, OR (FHA\|USDA\|VA)	1	$245,000	$245,000	$4,291	5.13%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$245,000	$245,000	$2,598	4.63%
GREENVILLE, NC (FHA\|USDA\|VA)	2	$230,000	$115,000	$0	4.88%
GAINESVILLE, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,860	4.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,966	4.00%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,181	3.63%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,734	3.88%
Willmar, MN (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,717	4.25%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,711	4.00%
BLOOMSBURG-BERWICK, PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,515	3.88%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,233	4.38%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	2	$180,000	$90,000	$2,471	4.88%
OCALA, FL (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,002	5.38%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,268	4.00%
ASHEVILLE, NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,825	5.25%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,001	3.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,055	4.88%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,667	4.00%
Baraboo, WI (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,702	4.50%
Richmond, IN (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,369	4.00%
CASPER, WY (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,497	4.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,888	4.88%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,442	4.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,632	4.63%
Cullowhee, NC (FHA\|USDA\|VA)	1	$135,000	$135,000	$4,243	4.00%
LAWTON, OK (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,463	3.75%
Kirksville, MO (FHA\|USDA\|VA)	1	$125,000	$125,000	$1,973	3.75%
Whitewater, WI (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,569	4.75%
DANVILLE, IL (FHA\|USDA\|VA)	2	$120,000	$60,000	$1,941	5.38%
Danville, VA (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,700	4.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,106	5.00%
Mount Vernon, IL (FHA\|USDA\|VA)	1	$105,000	$105,000	$1,792	5.00%
Breckenridge, CO (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	3.63%
SPRINGFIELD, MO (FHA\|USDA\|VA)	2	$100,000	$50,000	$1,359	5.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	4.63%
JOHNSON CITY, TN (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,089	5.13%
Toccoa, GA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.00%
Durango, CO (FHA\|USDA\|VA)	1	$65,000	$65,000	$195	5.00%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,634	5.00%
BOWLING GREEN, KY (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,454	5.00%
Hannibal, MO (FHA\|USDA\|VA)	1	$5,000	$5,000	$195	4.60%

Midland States Bank's top markets include St. Louis, Rockford, Chicago, Kankakee, and Anchorage among others.

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Wisconsin (FHA|USDA|VA)

Alaska (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	2,056	$375,890,000	$182,826	$2,629	4.90%
FHA	192	$26,330,000	$137,135	$5,016	4.81%
VA	74	$16,420,000	$221,892	$4,797	4.45%
USDA	47	$4,475,000	$95,213	$3,341	4.77%

For 2018, Midland States Bank's most frequently originated type of loan was Conventional, with 2,056 originations. Their 2nd most popular type was FHA, with 192 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,822	$340,360,000	$186,806	$3,281	4.78%
Refi	258	$43,640,000	$169,147	$1,548	5.33%
Cash Out Refi	209	$33,125,000	$158,493	$2,498	4.80%
Other	44	$2,090,000	$47,500	$597	5.59%
Home Improvement	36	$3,900,000	$108,333	$423	5.55%

For 2018, Midland States Bank's most frequently cited loan purpose was Home Purchase, with 1,822 originations. The 2nd most popular reason was Refi, with 258 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,730	$305,690,000	$176,699	$3,249	4.79%
5 Year	201	$60,315,000	$300,075	$187	5.59%
10 Year	182	$8,520,000	$46,813	$434	5.71%
15 Year	142	$22,930,000	$161,479	$2,459	4.30%
20 Year	57	$10,085,000	$176,930	$2,876	4.70%
Other	40	$5,670,000	$141,750	$628	5.46%
3 Year	14	$9,560,000	$682,857	$195	5.79%
1 Year	3	$345,000	$115,000	$0	6.01%

For 2018, Midland States Bank's most frequently cited loan duration was 30 Year, with 1,730 originations. The 2nd most popular length was 5 Year, with 201 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	1,432	$249,570,000	$174,281
$1k-2k	461	$59,065,000	$128,124
$2k-3k	61	$12,715,000	$208,443
$3k-4k	29	$6,375,000	$219,828
$4k-5k	12	$3,720,000	$310,000
$5k+	9	$5,655,000	$628,333

Midland States Bank's average total fees were $3,249, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,432 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	1,222	$229,450,000	$187,766
5-6%	681	$100,315,000	$147,305
3-4%	226	$61,440,000	$271,858
6-7%	85	$15,735,000	$185,118
7-8%	5	$15,345,000	$3,069,000
<2.5%	1	$15,000	$15,000

During 2018, Midland States Bank's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 1,222 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	919	$47,995,000	$52,225	$2,152	5.27%
$100k-200k	798	$114,370,000	$143,321	$3,101	4.78%
$200k-400k	540	$145,960,000	$270,296	$3,600	4.51%
$400k-600k	79	$36,905,000	$467,152	$3,797	4.42%
$600k-1MM	19	$13,675,000	$719,737	$3,774	4.50%
$1MM+	14	$64,210,000	$4,586,429	$6,740	5.45%

2018 saw Midland States Bank place emphasis on $100,000 or less loans with 919 originations, totaling $47,995,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	698	$52,750,000	$75,573	$2,776	5.00%
$50k-75k	614	$79,340,000	$129,218	$2,966	4.85%
$100k-150k	348	$69,940,000	$200,977	$2,975	4.76%
$75k-100k	289	$49,185,000	$170,190	$3,030	4.86%
$150k-250k	169	$47,465,000	$280,858	$3,065	4.57%
$250k+	126	$44,530,000	$353,413	$3,535	4.65%

Midland States Bank lent most frequently to those with incomes in the $50k or less range, with 698 originations. The second most popular income band? $50k-75k, with 614 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	492	$81,540,000	$165,732	$2,847	4.82%
30-36%	415	$68,615,000	$165,337	$2,870	4.86%
<20%	145	$20,605,000	$142,103	$2,611	4.76%
40%	102	$16,860,000	$165,294	$3,092	4.72%
42%	90	$14,110,000	$156,778	$2,905	4.87%
43%	84	$13,640,000	$162,381	$3,218	4.72%
38%	83	$14,605,000	$175,964	$2,790	4.89%
36%	81	$15,065,000	$185,988	$3,333	4.84%
39%	75	$11,625,000	$155,000	$3,393	4.89%
37%	73	$13,415,000	$183,767	$2,842	4.86%
44%	72	$11,600,000	$161,111	$3,426	4.78%
41%	70	$11,430,000	$163,286	$3,051	4.97%
45%	58	$9,990,000	$172,241	$3,040	4.77%
46%	56	$9,920,000	$177,143	$3,060	4.64%
50-60%	49	$6,095,000	$124,388	$3,055	5.15%
48%	48	$8,330,000	$173,542	$3,409	4.70%
49%	41	$7,665,000	$186,951	$2,980	4.66%
47%	40	$6,900,000	$172,500	$2,897	4.66%
>60%	13	$2,235,000	$171,923	$1,385	5.51%

Midland States Bank lent most frequently to those with DTI ratios of 20-30%, with 492 originations. The next most common DTI ratio? 30-36%, with 415 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,961	$301,955,000	$153,980	$2,896	4.83%
Not applicable	93	$74,625,000	$802,419	$2,861	5.52%
Black	152	$18,430,000	$121,250	$3,538	4.94%
Not provided	85	$15,885,000	$186,882	$3,383	4.86%
Asian	69	$10,695,000	$155,000	$3,019	4.87%
Asian Indian	3	$905,000	$301,667	$3,259	4.08%
American Indian	6	$620,000	$103,333	$2,017	5.73%

Approval Rates

Total approvals of all applications
91.25%

Midland States Bank has an average approval rate.

Pick Rate

Approvals leading to origination
79.57%

Midland States Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
185.0	1	$5,000	$5,000
NA	2,368	$423,110,000	$178,678

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	23	$60,365,000	$2,624,565
Single Family (1-4 Units):Manufactured	22	$2,020,000	$91,818
Single Family (1-4 Units):Site-Built	2,324	$360,730,000	$155,219

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	104	$9,160,000	$88,077	$1,124	5.35%
40-60%	154	$62,750,000	$407,468	$2,240	4.94%
60-80%	598	$110,850,000	$185,368	$2,825	4.87%
80-100%	1,241	$224,105,000	$180,584	$3,335	4.75%
Over 100%	40	$12,800,000	$320,000	$5,847	5.44%
Under 20%	232	$3,450,000	$14,871	$231	5.74%

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	$23,572
Midland States Bank	101 Independence Court Dixon, IL 61021	Full Service B&M	$19,700
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	$538,946
Midland States Bank	11670 Gravois Road Saint Louis, MO 63126	Full Service B&M	$59,954
Midland States Bank	119 N Main Street Grant Park, IL 60940	Full Service B&M	$52,451
Midland States Bank	1201 Network Centre Drive Effingham, IL 62401	Full Service B&M	$0
Midland States Bank	122 West Madison Street Ottawa, IL 61350	Limited, Administrative	$0
Midland States Bank	1275 East Division Street Diamond, IL 60416	Full Service B&M	$12,392
Midland States Bank	1302 Thelma Keller Avenue Effingham, IL 62401	Full Service B&M	$18,241
Midland States Bank	13402 Clayton Rd Saint Louis, MO 63131	Full Service B&M	$42,077
Midland States Bank	15 West South Street Plano, IL 60545	Full Service B&M	$12,572
Midland States Bank	1540 Route 59 Joliet, IL 60431	Full Service B&M	$34,381
Midland States Bank	1611 Veterans Avenue Vandalia, IL 62471	Full Service B&M	$32,115
Midland States Bank	1617 W. Springfield Ave Champaign, IL 61821	Full Service B&M	$50,817
Midland States Bank	1753 South West Avenue Freeport, IL 61032	Full Service B&M	$15,088
Midland States Bank	1839 North Main Street Princeton, IL 61356	Full Service B&M	$11,211
Midland States Bank	1920 Richardson Rd Arnold, MO 63010	Full Service B&M	$37,340
Midland States Bank	200 East Main Street Streator, IL 61364	Limited, Administrative	$0
Midland States Bank	200 Quarry Road Columbia, IL 62236	Full Service B&M	$30,924
Midland States Bank	200 South Poplar Street Centralia, IL 62801	Full Service B&M	$62,786
Midland States Bank	200 West Washington Street Momence, IL 60954	Full Service B&M	$33,116
Midland States Bank	201 East Main Street Streator, IL 61364	Full Service B&M	$108,977
Midland States Bank	Walnut And Madison Streets Farina, IL 62838	Full Service B&M	$21,103
Midland States Bank	202 Indian Springs Drive Sandwich, IL 60548	Full Service B&M	$29,002
Midland States Bank	208 East Veterans Parkway Yorkville, IL 60560	Full Service B&M	$40,618
Midland States Bank	212 North Hennepin Dixon, IL 61021	Full Service B&M	$159,013
Midland States Bank	212 South Central Avenue Saint Louis, MO 63105	Full Service Cyber Office	$4,735
Midland States Bank	212 South Central Avenue, Suite 200 Saint Louis, MO 63105	Limited, Administrative	$0
Midland States Bank	2341 Highway K O Fallon, MO 63368	Full Service B&M	$14,142
Midland States Bank	24 Dannys Drive Streator, IL 61364	Full Service B&M	$6
Midland States Bank	2825 Plaza Drive Peru, IL 61354	Full Service B&M	$66,948
Midland States Bank	302 First Avenue Sterling, IL 61081	Full Service B&M	$75,858
Midland States Bank	302 West Mazon Avenue Dwight, IL 60420	Full Service B&M	$15,845
Midland States Bank	310 Section Line Road Manteno, IL 60950	Full Service B&M	$28,619
Midland States Bank	310 South Schuyler Avenue Kankakee, IL 60901	Full Service B&M	$48,079
Midland States Bank	318 West College Greenville, IL 62246	Full Service B&M	$27,824
Midland States Bank	400 East Etna Road Ottawa, IL 61350	Full Service B&M	$17,393
Midland States Bank	4321 Manchester Avenue Saint Louis, MO 63110	Full Service B&M	$913
Midland States Bank	44 Cook Street Suite 650 Denver, CO 80206	Full Service B&M	$28,793
Midland States Bank	500 North State St Freeburg, IL 62243	Full Service B&M	$10,733
Midland States Bank	514 South Main Smithton, IL 62285	Full Service B&M	$25,719
Midland States Bank	5991 South Highway 94 Saint Charles, MO 63304	Full Service B&M	$480,118
Midland States Bank	609 Eighth Avenue Mendota, IL 61342	Limited, Drive-thru	$0
Midland States Bank	654 North Park Road Herscher, IL 60941	Full Service B&M	$19,437
Midland States Bank	660 South Broadway Street Coal City, IL 60416	Full Service B&M	$70,537
Midland States Bank	680 South Main Street Bourbonnais, IL 60914	Full Service B&M	$36,876
Midland States Bank	721 Columbus Street Ottawa, IL 61350	Full Service B&M	$36,781
Midland States Bank	7818 Bonhomme Avenue Saint Louis, MO 63105	Full Service B&M	$124,477
Midland States Bank	801 Washington Street Mendota, IL 61342	Full Service B&M	$34,028
Midland States Bank	8021 West Florissant Avenue, Suite F Jennings, MO 63136	Full Service B&M	$1,972
Midland States Bank	812 N Market Waterloo, IL 62298	Full Service B&M	$59,981
Midland States Bank	815 North Commercial Avenue St. Clair, MO 63077	Full Service B&M	$38,658
Midland States Bank	815 South Main Street Princeton, IL 61356	Full Service B&M	$143,830
Midland States Bank	941 First Avenue Rock Falls, IL 61071	Full Service B&M	$27,402
Midland States Bank	951 Dixie Highway Beecher, IL 60401	Full Service B&M	$60,934
Midland States Bank	980 North Kinzie Avenue Bradley, IL 60915	Full Service B&M	$59,778
Midland States Bank	9877 Manchester Road Saint Louis, MO 63119	Full Service B&M	$30,217
Midland States Bank	9925 Clayton Rd Saint Louis, MO 63124	Full Service B&M	$36,295

For 2018, Midland States Bank had 59 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$223,325
Net interest income	$190,759
Total noninterest income	$69,292
Gross Fiduciary activities income	$17,407
Service charges on deposit accounts	$10,440
Trading account gains and fees	$0
Additional Noninterest Income	$41,445
Pre-tax net operating income	$60,296
Securities gains (or losses, -)	$454
Income before extraordinary items	$46,936
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$46,936
Minority interest net income	$0
Net income	$46,936
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$46,577

Midland States Bank's gross interest income from loans was $223,325,000.
Midland States Bank's net interest income from loans was $190,759,000.
Midland States Bank's fee based income from loans was $10,440,000.
Midland States Bank's net income from loans was $46,936,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$32,566
Provision for credit losses	$9,430
Total noninterest expense	$190,325
Salaries and employee benefits	$96,295
Premises and equipment expense	$18,791
Additional noninterest expense	$75,239
Applicable income taxes	$13,814
Net charge-offs	$4,958
Cash dividends	$17,000

Midland States Bank's interest expense for loans was $32,566,000.
Midland States Bank's payroll and benefits expense were $96,295,000.
Midland States Bank's property, plant and equipment expenses $18,791,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	1.0%
Nonfarm, nonresidential loans	1.0%
Multifamily residential loans	3.0%
1-4 family residential loans	1.0%
HELOC loans	1.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	6.3%
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	$4,095,300
Deposits held in domestic offices	$4,095,300
Deposits by Individuals, partnerships, and corporations	$3,827,687
Deposits by U.S. Government	$33
Deposits by States and political subdivisions in the U.S.	$266,791
Deposits by Commercial banks and other depository institutions in U.S.	$789
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$502,608
Demand deposits	$428,949
Nontransaction accounts	$3,592,692
Money market deposit accounts (MMDAs)	$862,171
Other savings deposits (excluding MMDAs)	$1,935,093
Total time deposits	$795,428
Total time and savings deposits	$3,666,351
Noninterest-bearing deposits	$993,294
Interest-bearing deposits	$3,102,006
Retail deposits	$3,783,516
IRAs and Keogh plan accounts	$113,237
Brokered deposits	$235,808
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$5,629,526
Cash & Balances due from depository institutions	$206,371
Interest-bearing balances	$129,628
Total securities	$660,785
Federal funds sold & reverse repurchase	$2,920
Net loans and leases	$4,147,049
Loan and leases loss allowance	$20,903
Trading account assets	$0
Bank premises and fixed assets	$96,473
Other real estate owned	$3,483
Goodwill and other intangibles	$254,905
All other assets	$257,540

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$5,629,526
Total Liabilities	$4,871,462
Total deposits	$4,095,300
Interest-bearing deposits	$3,102,006
Deposits held in domestic offices	$4,095,300
% insured (estimated)	$70
Federal funds purchased and repurchase agreements	$124,235
Trading liabilities	$0
Other borrowed funds	$607,610
Subordinated debt	$0
All other liabilities	$44,317

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$4,147,049
Loan and leases loss allowance	$20,903
Total loans and leases (domestic)	$4,167,952
All real estate loans	$2,467,574
Real estate loans in domestic offices	$2,467,574
Construction and development loans	$231,899
Residential 1-4 family construction	$28,261
Other construction, all land development and other land	$203,638
Loans secured by nonfarm nonresidential properties	$1,274,484
Nonfarm nonresidential secured by owner-occupied properties	$490,971
Commercial real estate & other non-farm, non-residential	$783,513
Multifamily residential real estate	$188,434
1-4 family residential loans	$676,830
Farmland loans	$95,927
Loans held in foreign offices	$0
Farm loans	$78,050
Commercial and industrial loans	$612,737
To non-U.S. addressees	$0
Loans to individuals	$591,941
Credit card loans	$736
Related Plans	$2,380
Consumer Auto Loans	$83,060
Other loans to individuals	$505,765
All other loans & leases	$417,650
Loans to foreign governments and official institutions	$0
Other loans	$79,521
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,883
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,296
Non 1-4 family restructured loans & leases	$2,518
Total loans and leases (foreign)	$0

Midland States Bank had $4,147,049,000 of loans outstanding in 2018. $2,467,574,000 of loans were in real estate loans. $231,899,000 of loans were in development loans. $188,434,000 of loans were in multifamily mortgage loans. $676,830,000 of loans were in 1-4 family mortgage loans. $78,050,000 of loans were in farm loans. $736,000 of loans were in credit card loans. $83,060,000 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	1,044	$217,695	$208,520
Nonfarm, nonresidential loans - <$100k	237	$9,778	$41,257
Nonfarm, nonresidential loans - $100-250k	345	$40,246	$116,655
Nonfarm, nonresidential loans - $250k-1MM	462	$167,671	$362,924
Commercial & Industrial, US addressed loans - <$1MM	2,188	$228,508	$104,437
Commercial & Industrial, US addressed loans - <$100k	1,067	$39,054	$36,602
Commercial & Industrial, US addressed loans - $100-250k	635	$76,867	$121,050
Commercial & Industrial, US addressed loans - $250k-1MM	486	$112,587	$231,660
Farmland loans - <$1MM	463	$40,861	$88,253
Farmland loans - <$100k	116	$4,364	$37,621
Farmland loans - $100-250k	204	$13,917	$68,221
Farmland loans - $250k-1MM	143	$22,580	$157,902
Agriculture operations loans - <$1MM	550	$47,572	$86,495
Agriculture operations loans - <$100k	355	$10,416	$29,341
Agriculture operations loans - $100-250k	116	$13,794	$118,914
Agriculture operations loans - $250k-1MM	79	$23,362	$295,722