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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Rockford, Kankakee, Chicago, and Salt Lake City among others. We have data for 61 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% 12/16/24
    30 Year Conventional Purchase 6.80% 12/16/24
    30 Year Conventional Refi 6.57% 12/16/24
    30 Year Cash-out Refi 6.90% 12/16/24
    30 Year FHA Purchase 7.66% 12/16/24
    30 Year FHA Refi 7.24% 12/16/24
    30 Year VA Purchase 6.70% 12/16/24
    30 Year USDA Purchase 7.13% 12/16/24
    15 Year Conventional Purchase 6.46% 12/16/24
    15 Year Conventional Refi 6.11% 12/16/24
    15 Year Cash-out Refi 6.11% 12/16/24
    15 Year FHA Refi 5.68% 12/16/24
    15 Year VA Purchase 7.93% 12/16/24
    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

    1,689

    Origination Dollar Volume (All Markets)

    $316,015,000

    Employee count

    1,083 Show all (6) 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) 257 $53,415,000 $207,840 $2,778 4.42%
    ROCKFORD, IL (FHA|USDA|VA) 467 $47,075,000 $100,803 $2,724 3.69%
    KANKAKEE, IL (FHA|USDA|VA) 333 $43,115,000 $129,474 $2,521 4.46%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 213 $31,385,000 $147,347 $3,900 4.78%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $15,565,000 $15,565,000 $0 6.25%
    Outside of Metro Areas 71 $15,375,000 $216,549 $2,549 4.33%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $14,505,000 $14,505,000 $0 6.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $12,805,000 $12,805,000 $0 6.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $12,675,000 $12,675,000 $0 6.50%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 91 $12,345,000 $135,659 $2,852 3.84%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $10,285,000 $10,285,000 $0 4.64%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $8,090,000 $4,045,000 $0 5.84%
    Effingham, IL (FHA|USDA|VA) 35 $7,215,000 $206,143 $2,639 4.12%
    Ottawa, IL (FHA|USDA|VA) 57 $5,755,000 $100,965 $2,359 4.67%
    Dixon, IL (FHA|USDA|VA) 24 $2,890,000 $120,417 $2,462 4.65%
    Sterling, IL (FHA|USDA|VA) 20 $1,810,000 $90,500 $2,359 4.69%
    BLOOMINGTON, IL (FHA|USDA|VA) 5 $1,655,000 $331,000 $2,384 3.75%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $1,560,000 $780,000 $3,880 5.06%
    Rochelle, IL (FHA|USDA|VA) 12 $1,280,000 $106,667 $2,888 4.42%
    Centralia, IL (FHA|USDA|VA) 17 $1,205,000 $70,882 $2,036 3.78%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $1,180,000 $590,000 $2,107 4.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $990,000 $495,000 $6,526 5.38%
    DANVILLE, IL (FHA|USDA|VA) 6 $980,000 $163,333 $2,139 5.04%
    Manitowoc, WI (FHA|USDA|VA) 1 $975,000 $975,000 $0 5.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $800,000 $400,000 $7,828 5.63%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $705,000 $705,000 $0 5.60%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $680,000 $170,000 $3,078 3.91%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $565,000 $113,000 $1,955 5.42%
    MADISON, WI (FHA|USDA|VA) 1 $515,000 $515,000 $0 6.60%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $490,000 $245,000 $2,433 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $470,000 $235,000 $4,605 3.13%
    Pontiac, IL (FHA|USDA|VA) 7 $445,000 $63,571 $1,689 5.24%
    Freeport, IL (FHA|USDA|VA) 5 $425,000 $85,000 $1,517 5.29%
    LANCASTER, PA (FHA|USDA|VA) 1 $425,000 $425,000 $4,716 3.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $385,000 $385,000 $3,756 3.50%
    Charleston-Mattoon, IL (FHA|USDA|VA) 4 $360,000 $90,000 $1,891 4.56%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $360,000 $180,000 $2,644 3.56%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $355,000 $355,000 $4,956 3.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $340,000 $170,000 $0 3.94%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $335,000 $335,000 $3,203 3.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.38%
    PEORIA, IL (FHA|USDA|VA) 5 $305,000 $61,000 $2,057 5.15%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $2,197 3.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $295,000 $295,000 $2,719 4.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,452 3.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $290,000 $145,000 $2,544 4.19%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,625 4.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $1,580 3.38%
    Cookeville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,051 3.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,393 3.75%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,105 4.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,144 4.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,700 4.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $5,121 4.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.88%
    NILES, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,381 4.88%
    Mount Vernon, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,732 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,035 4.75%
    JACKSON, MS (FHA|USDA|VA) 1 $85,000 $85,000 $2,823 3.88%
    Farmington, MO (FHA|USDA|VA) 1 $85,000 $85,000 $195 6.10%
    Midland States Bank's top markets include St. Louis, Rockford, Kankakee, Chicago, and Salt Lake City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Iowa (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.

    Rock Valley Credit Union
    Similarity Rank: 14
    Fox Valley Savings Bank
    Similarity Rank: 28
    First Community Credit Union
    Similarity Rank: 40
    FINANCIAL PLUS
    Similarity Rank: 75
    Liberty Bank for Savings
    Similarity Rank: 85
    Horicon Bank
    Similarity Rank: 96
    Merchants Bank
    Similarity Rank: 150
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 150
    WEST COMMUNITY
    Similarity Rank: 190
    The First National Bank and Trust Company
    Similarity Rank: 252

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,501 $290,025,000 $193,221 $2,531 4.26%
    FHA 119 $15,425,000 $129,622 $4,969 4.29%
    USDA 37 $4,065,000 $109,865 $3,339 4.04%
    VA 32 $6,500,000 $203,125 $4,671 3.93%

    For 2019, Midland States Bank's most frequently originated type of loan was Conventional, with 1,501 originations. Their 2nd most popular type was FHA, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,127 $201,545,000 $178,833 $3,302 3.96%
    Refi 306 $86,240,000 $281,830 $1,749 4.85%
    Cash Out Refi 158 $23,810,000 $150,696 $2,791 4.38%
    Other 51 $2,285,000 $44,804 $592 5.49%
    Home Improvement 47 $2,135,000 $45,426 $615 5.58%

    For 2019, Midland States Bank's most frequently cited loan purpose was Home Purchase, with 1,127 originations. The 2nd most popular reason was Refi, with 306 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,108 $170,750,000 $154,106 $3,228 4.45%
    5 Year 193 $66,815,000 $346,192 $248 2.75%
    10 Year 160 $9,420,000 $58,875 $551 4.39%
    15 Year 139 $23,445,000 $168,669 $2,456 3.94%
    Other 40 $10,980,000 $274,500 $336 5.64%
    20 Year 36 $4,120,000 $114,444 $2,817 4.77%
    3 Year 9 $28,785,000 $3,198,333 $195 5.58%
    1 Year 4 $1,700,000 $425,000 $0 6.31%

    For 2019, Midland States Bank's most frequently cited loan duration was 30 Year, with 1,108 originations. The 2nd most popular length was 5 Year, with 193 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 937 $133,955,000 $142,962
    $1k-2k 364 $47,920,000 $131,648
    $2k-3k 42 $8,280,000 $197,143
    $3k-4k 16 $3,460,000 $216,250
    $5k+ 6 $2,510,000 $418,333
    $4k-5k 5 $1,135,000 $227,000

    Midland States Bank's average total fees were $3,228, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 937 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 753 $117,465,000 $155,996
    3-4% 414 $81,270,000 $196,304
    5-6% 275 $65,005,000 $236,382
    <2.5% 137 $735,000 $5,365
    6-7% 100 $50,100,000 $501,000
    7-8% 6 $400,000 $66,667
    2.5-3% 4 $1,040,000 $260,000

    During 2019, Midland States Bank's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 753 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 717 $35,405,000 $49,379 $2,041 4.10%
    $100k-200k 647 $92,595,000 $143,114 $3,180 4.43%
    $200k-400k 270 $71,940,000 $266,444 $3,328 4.15%
    $400k-600k 37 $17,185,000 $464,459 $3,892 4.27%
    $1MM+ 13 $94,695,000 $7,284,231 $0 5.71%
    $600k-1MM 5 $4,195,000 $839,000 $4,282 4.95%

    2019 saw Midland States Bank place emphasis on $100,000 or less loans with 717 originations, totaling $35,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 522 $39,530,000 $75,728 $2,806 3.90%
    $50k-75k 449 $53,025,000 $118,096 $2,992 4.19%
    $75k-100k 219 $31,675,000 $144,635 $2,783 4.38%
    $100k-150k 218 $36,880,000 $169,174 $2,561 4.50%
    $150k-250k 102 $23,710,000 $232,451 $2,635 4.44%
    $250k+ 54 $15,860,000 $293,704 $2,881 4.39%

    Midland States Bank lent most frequently to those with incomes in the $50k or less range, with 522 originations. The second most popular income band? $50k-75k, with 449 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 348 $51,840,000 $148,966 $2,505 4.48%
    30-36% 292 $39,140,000 $134,041 $2,821 4.53%
    <20% 116 $15,920,000 $137,241 $2,416 4.38%
    37% 66 $10,500,000 $159,091 $3,000 4.54%
    38% 64 $9,560,000 $149,375 $2,929 4.71%
    42% 60 $7,950,000 $132,500 $2,951 4.74%
    39% 59 $7,895,000 $133,814 $2,944 4.61%
    41% 58 $8,990,000 $155,000 $2,898 4.63%
    44% 57 $8,445,000 $148,158 $3,244 4.53%
    40% 57 $6,995,000 $122,719 $3,073 4.84%
    36% 54 $7,660,000 $141,852 $3,073 4.45%
    43% 53 $7,565,000 $142,736 $3,254 4.48%
    50-60% 26 $3,610,000 $138,846 $3,744 4.58%
    47% 24 $3,650,000 $152,083 $3,534 4.55%
    >60% 19 $1,905,000 $100,263 $957 5.51%
    45% 19 $3,425,000 $180,263 $3,496 4.33%
    49% 19 $3,135,000 $165,000 $3,173 4.22%
    46% 16 $2,500,000 $156,250 $3,343 4.33%
    48% 15 $2,055,000 $137,000 $2,922 4.59%

    Midland States Bank lent most frequently to those with DTI ratios of 20-30%, with 348 originations. The next most common DTI ratio? 30-36%, with 292 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,413 $185,455,000 $131,249 $2,794 4.21%
    Not applicable 73 $105,265,000 $1,441,986 $0 5.45%
    Not provided 69 $9,005,000 $130,507 $3,187 4.88%
    Black 74 $8,180,000 $110,541 $3,047 3.84%
    Asian 48 $6,560,000 $136,667 $2,587 3.39%
    American Indian 8 $950,000 $118,750 $3,010 4.07%
    Native Hawaiian or Islander 3 $545,000 $181,667 $2,115 5.63%
    Filipino 1 $55,000 $55,000 $195 6.10%

    Approval Rates

    Total approvals of all applications
    89.29%

    Midland States Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.21%

    Midland States Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,689 $316,015,000 $187,102

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $485,000 $485,000
    Multifamily:Site-Built 37 $100,225,000 $2,708,784
    Single Family (1-4 Units):Manufactured 11 $1,205,000 $109,545
    Single Family (1-4 Units):Site-Built 1,640 $214,100,000 $130,549

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $8,265,000 $73,142 $1,249 5.24%
    40-60% 157 $63,975,000 $407,484 $1,963 4.71%
    60-80% 410 $111,800,000 $272,683 $2,837 4.51%
    80-100% 781 $127,465,000 $163,207 $3,359 4.46%
    Over 100% 2 $310,000 $155,000 $4,482 4.48%
    Under 20% 224 $3,800,000 $16,964 $399 2.24%

    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 $26,640
    Midland States Bank 101 Independence Court Dixon, IL 61021 Full Service B&M $24,825
    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 $543,228
    Midland States Bank 11670 Gravois Road Saint Louis, MO 63126 Full Service B&M $56,164
    Midland States Bank 119 N Main Street Grant Park, IL 60940 Full Service B&M $46,789
    Midland States Bank 1201 Network Centre Drive Effingham, IL 62401 Full Service B&M $0
    Midland States Bank 1275 East Division Street Diamond, IL 60416 Full Service B&M $12,490
    Midland States Bank 1302 Thelma Keller Avenue Effingham, IL 62401 Full Service B&M $15,899
    Midland States Bank 13402 Clayton Rd Saint Louis, MO 63131 Full Service B&M $43,610
    Midland States Bank 1401 North Avenue Rockford, IL 61103 Full Service B&M $7,345
    Midland States Bank 1425 North State Street Belvidere, IL 61008 Full Service B&M $26,228
    Midland States Bank 15 West South Street Plano, IL 60545 Full Service B&M $11,048
    Midland States Bank 1540 Route 59 Joliet, IL 60431 Full Service B&M $46,618
    Midland States Bank 1611 Veterans Avenue Vandalia, IL 62471 Full Service B&M $28,344
    Midland States Bank 1617 W. Springfield Ave Champaign, IL 61821 Full Service B&M $47,728
    Midland States Bank 1700 N Alpine Rd Rockford, IL 61107 Full Service B&M $242,799
    Midland States Bank 1753 South West Avenue Freeport, IL 61032 Full Service B&M $15,504
    Midland States Bank 1810 Harlem Road Loves Park, IL 61111 Full Service Retail $20,653
    Midland States Bank 1839 North Main Street Princeton, IL 61356 Full Service B&M $11,252
    Midland States Bank 1920 Richardson Rd Arnold, MO 63010 Full Service B&M $38,045
    Midland States Bank 1972 Pawlisch Drive Rockford, IL 61112 Full Service B&M $68,440
    Midland States Bank 1988 Gateway Center Dr Belvidere, IL 61008 Full Service B&M $25,026
    Midland States Bank 200 Quarry Road Columbia, IL 62236 Full Service B&M $30,989
    Midland States Bank 200 South Poplar Street Centralia, IL 62801 Full Service B&M $65,676
    Midland States Bank 200 West Washington Street Momence, IL 60954 Full Service B&M $29,586
    Midland States Bank 201 East Main Street Streator, IL 61364 Full Service B&M $112,226
    Midland States Bank 202 Indian Springs Drive Sandwich, IL 60548 Full Service B&M $27,248
    Midland States Bank 208 East Veterans Parkway Yorkville, IL 60560 Full Service B&M $47,497
    Midland States Bank 212 North Hennepin Dixon, IL 61021 Full Service B&M $163,745
    Midland States Bank 212 South Central Avenue Saint Louis, MO 63105 Full Service Cyber Office $4,352
    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 $50,415
    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 $16,099
    Midland States Bank 24 Dannys Drive Streator, IL 61364 Full Service B&M $73
    Midland States Bank 2642 Charles Street Rockford, IL 61104 Full Service Retail $20,618
    Midland States Bank 2825 Plaza Drive Peru, IL 61354 Full Service B&M $69,497
    Midland States Bank 302 First Avenue Sterling, IL 61081 Full Service B&M $73,039
    Midland States Bank 302 West Mazon Avenue Dwight, IL 60420 Full Service B&M $18,377
    Midland States Bank 306 West Main Street Kirkland, IL 60146 Full Service B&M $23,302
    Midland States Bank 310 Section Line Road Manteno, IL 60950 Full Service B&M $35,828
    Midland States Bank 310 South Schuyler Avenue Kankakee, IL 60901 Full Service B&M $57,295
    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 $27,826
    Midland States Bank 400 East Etna Road Ottawa, IL 61350 Full Service B&M $18,874
    Midland States Bank 4142 Johns Farm Road Rockford, IL 61101 Limited, Mobile/Seasonal Office $2,815
    Midland States Bank 4321 Manchester Avenue, Suite 100 Saint Louis, MO 63110 Full Service B&M $998
    Midland States Bank 500 North State St Freeburg, IL 62243 Full Service B&M $10,623
    Midland States Bank 5023 Rockrose Court Roscoe, IL 61073 Full Service B&M $34,016
    Midland States Bank 514 South Main Smithton, IL 62285 Full Service B&M $25,802
    Midland States Bank 5991 South Highway 94 Saint Charles, MO 63304 Full Service B&M $472,496
    Midland States Bank 600 South State Street Belvidere, IL 61008 Full Service B&M $152,482
    Midland States Bank 609 Eighth Avenue Mendota, IL 61342 Limited, Drive-thru $0
    Midland States Bank 613 Harlem Road Machesney Park, IL 61115 Full Service B&M $61,210
    Midland States Bank 6410 E. State Street Rockford, IL 61108 Full Service Retail $19,800
    Midland States Bank 654 North Park Road Herscher, IL 60941 Full Service B&M $20,340
    Midland States Bank 660 South Broadway Street Coal City, IL 60416 Full Service B&M $72,274
    Midland States Bank 680 South Main Street Bourbonnais, IL 60914 Full Service B&M $38,473
    Midland States Bank 6838 East State Street Rockford, IL 61108 Full Service B&M $222,090
    Midland States Bank 721 Columbus Street Ottawa, IL 61350 Full Service B&M $33,947
    Midland States Bank 7818 Bonhomme Avenue Saint Louis, MO 63105 Full Service B&M $101,571
    Midland States Bank 801 Washington Street Mendota, IL 61342 Full Service B&M $35,238
    Midland States Bank 8021 West Florissant Avenue, Suite F Jennings, MO 63136 Full Service B&M $1,831
    Midland States Bank 812 N Market Waterloo, IL 62298 Full Service B&M $59,226
    Midland States Bank 815 North Commercial Avenue St. Clair, MO 63077 Full Service B&M $38,138
    Midland States Bank 815 South Main Street Princeton, IL 61356 Full Service B&M $142,228
    Midland States Bank 941 First Avenue Rock Falls, IL 61071 Full Service B&M $25,656
    Midland States Bank 951 Dixie Highway Beecher, IL 60401 Full Service B&M $66,917
    Midland States Bank 980 North Kinzie Avenue Bradley, IL 60915 Full Service B&M $61,965
    Midland States Bank 9877 Manchester Road Saint Louis, MO 63119 Full Service B&M $32,648
    Midland States Bank 9925 Clayton Rd Saint Louis, MO 63124 Full Service B&M $31,657
    Midland States Bank Walnut And Madison Streets Farina, IL 62838 Full Service B&M $22,393

    For 2019, Midland States Bank had 73 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $249,439
    Net interest income $201,534
    Total noninterest income $72,344
    Gross Fiduciary activities income $18,496
    Service charges on deposit accounts $11,027
    Trading account gains and fees $0
    Additional Noninterest Income $42,821
    Pre-tax net operating income $83,666
    Securities gains (or losses, -) $767
    Income before extraordinary items $64,486
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $64,486
    Minority interest net income $0
    Net income $64,486
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $63,880

    Midland States Bank's gross interest income from loans was $249,439,000.
    Midland States Bank's net interest income from loans was $201,534,000.
    Midland States Bank's fee based income from loans was $11,027,000.
    Midland States Bank's net income from loans was $64,486,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $47,905
    Provision for credit losses $16,985
    Total noninterest expense $173,227
    Salaries and employee benefits $90,911
    Premises and equipment expense $18,639
    Additional noninterest expense $63,677
    Applicable income taxes $19,947
    Net charge-offs $9,860
    Cash dividends $42,500

    Midland States Bank's interest expense for loans was $47,905,000.
    Midland States Bank's payroll and benefits expense were $90,911,000.
    Midland States Bank's property, plant and equipment expenses $18,639,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 4.0%
    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 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 $4,597,914
    Deposits held in domestic offices $4,597,914
    Deposits by Individuals, partnerships, and corporations $4,245,722
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $345,069
    Deposits by Commercial banks and other depository institutions in U.S. $7,115
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $770,745
    Demand deposits $704,440
    Nontransaction accounts $3,827,169
    Money market deposit accounts (MMDAs) $787,662
    Other savings deposits (excluding MMDAs) $2,167,631
    Total time deposits $871,876
    Total time and savings deposits $3,893,474
    Noninterest-bearing deposits $1,073,132
    Interest-bearing deposits $3,524,782
    Retail deposits $4,420,395
    IRAs and Keogh plan accounts $118,053
    Brokered deposits $54,812
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,073,827
    Cash & Balances due from depository institutions $387,753
    Interest-bearing balances $318,729
    Total securities $655,054
    Federal funds sold & reverse repurchase $1,811
    Net loans and leases $4,389,813
    Loan and leases loss allowance $28,028
    Trading account assets $0
    Bank premises and fixed assets $94,983
    Other real estate owned $6,745
    Goodwill and other intangibles $258,470
    All other assets $279,198

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,073,827
    Total Liabilities $5,248,643
    Total deposits $4,597,914
    Interest-bearing deposits $3,524,782
    Deposits held in domestic offices $4,597,914
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $82,029
    Trading liabilities $0
    Other borrowed funds $493,130
    Subordinated debt $0
    All other liabilities $75,570

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,389,813
    Loan and leases loss allowance $28,028
    Total loans and leases (domestic) $4,417,841
    All real estate loans $2,315,655
    Real estate loans in domestic offices $2,315,655
    Construction and development loans $208,733
    Residential 1-4 family construction $24,404
    Other construction, all land development and other land $184,329
    Loans secured by nonfarm nonresidential properties $1,197,478
    Nonfarm nonresidential secured by owner-occupied properties $463,809
    Commercial real estate & other non-farm, non-residential $733,669
    Multifamily residential real estate $153,302
    1-4 family residential loans $666,908
    Farmland loans $89,234
    Loans held in foreign offices $0
    Farm loans $76,561
    Commercial and industrial loans $827,570
    To non-U.S. addressees $0
    Loans to individuals $675,134
    Credit card loans $745
    Related Plans $1,962
    Consumer Auto Loans $48,748
    Other loans to individuals $623,679
    All other loans & leases $522,921
    Loans to foreign governments and official institutions $0
    Other loans $125,439
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $25,244
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,209
    Non 1-4 family restructured loans & leases $2,055
    Total loans and leases (foreign) $0

    Midland States Bank had $4,389,813,000 of loans outstanding in 2019. $2,315,655,000 of loans were in real estate loans. $208,733,000 of loans were in development loans. $153,302,000 of loans were in multifamily mortgage loans. $666,908,000 of loans were in 1-4 family mortgage loans. $76,561,000 of loans were in farm loans. $745,000 of loans were in credit card loans. $48,748,000 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 1,076 $235,368 $218,743
    Nonfarm, nonresidential loans - <$100k 247 $9,770 $39,555
    Nonfarm, nonresidential loans - $100-250k 350 $41,262 $117,891
    Nonfarm, nonresidential loans - $250k-1MM 479 $184,336 $384,835
    Commercial & Industrial, US addressed loans - <$1MM 3,513 $428,482 $121,970
    Commercial & Industrial, US addressed loans - <$100k 1,561 $64,972 $41,622
    Commercial & Industrial, US addressed loans - $100-250k 1,227 $158,436 $129,125
    Commercial & Industrial, US addressed loans - $250k-1MM 725 $205,074 $282,861
    Farmland loans - <$1MM 445 $44,759 $100,582
    Farmland loans - <$100k 115 $4,286 $37,270
    Farmland loans - $100-250k 191 $14,982 $78,440
    Farmland loans - $250k-1MM 139 $25,491 $183,388
    Agriculture operations loans - <$1MM 519 $47,690 $91,888
    Agriculture operations loans - <$100k 318 $10,197 $32,066
    Agriculture operations loans - $100-250k 128 $13,954 $109,016
    Agriculture operations loans - $250k-1MM 73 $23,539 $322,452