Midland States Bank Mortgage Rates, Fees & Info
Effingham, ILLEI: 549300U6DW7DX671T306
Tax ID: 37-0259550
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Mortgage Data
Bank Data
Review & Overview
Midland States Bank is a smaller bank specializing in Refi and Home Purchase 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, Rockford, Kankakee, and Champaign among others. We have data for 87 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,528Origination Dollar Volume (All Markets)
$459,610,000Employee count
900Awards
Midland States Bank - 2020
Midland States Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 440 | $93,690,000 | $212,932 | $2,547 | 3.17% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 350 | $82,120,000 | $234,629 | $3,290 | 3.26% |
| ROCKFORD, IL (FHA|USDA|VA) | 525 | $59,165,000 | $112,695 | $2,854 | 3.07% |
| KANKAKEE, IL (FHA|USDA|VA) | 438 | $52,770,000 | $120,479 | $2,832 | 3.16% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 151 | $23,755,000 | $157,318 | $2,668 | 2.73% |
| Effingham, IL (FHA|USDA|VA) | 90 | $18,090,000 | $201,000 | $2,672 | 3.23% |
| PEORIA, IL (FHA|USDA|VA) | 8 | $14,410,000 | $1,801,250 | $2,356 | 3.16% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $13,505,000 | $13,505,000 | $0 | 4.25% |
| Outside of Metro Areas | 96 | $13,230,000 | $137,813 | $2,364 | 3.25% |
| Ottawa, IL (FHA|USDA|VA) | 98 | $8,450,000 | $86,224 | $2,204 | 3.51% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $7,195,000 | $7,195,000 | $0 | 4.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 7 | $6,225,000 | $889,286 | $4,405 | 3.32% |
| Dixon, IL (FHA|USDA|VA) | 57 | $5,975,000 | $104,825 | $2,431 | 3.32% |
| DECATUR, IL (FHA|USDA|VA) | 7 | $5,865,000 | $837,857 | $2,048 | 3.36% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $5,390,000 | $673,750 | $2,530 | 3.14% |
| Rochelle, IL (FHA|USDA|VA) | 32 | $3,880,000 | $121,250 | $3,861 | 2.87% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 4 | $3,030,000 | $757,500 | $2,064 | 2.91% |
| Centralia, IL (FHA|USDA|VA) | 34 | $2,740,000 | $80,588 | $2,417 | 3.35% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 3.70% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,395,000 | $342,143 | $3,424 | 2.80% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $1,812 | 3.73% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $3,364 | 2.85% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $4,103 | 2.60% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $2,725 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $5,005 | 3.53% |
| Sterling, IL (FHA|USDA|VA) | 26 | $1,510,000 | $58,077 | $2,062 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $2,060 | 2.69% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 12 | $1,360,000 | $113,333 | $2,286 | 3.23% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $4,074 | 3.31% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,336 | 2.79% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $0 | 4.00% |
| DANVILLE, IL (FHA|USDA|VA) | 8 | $1,000,000 | $125,000 | $4,496 | 2.93% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $3,322 | 2.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $2,991 | 3.08% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,024 | 2.81% |
| Freeport, IL (FHA|USDA|VA) | 8 | $660,000 | $82,500 | $2,844 | 2.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,343 | 2.54% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,019 | 4.31% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $20,285 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,036 | 3.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,151 | 3.88% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,528 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,683 | 2.50% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,421 | 2.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,756 | 2.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,270 | 2.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,700 | 2.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,867 | 2.97% |
| Pontiac, IL (FHA|USDA|VA) | 7 | $395,000 | $56,429 | $2,164 | 3.49% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,291 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,160 | 3.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,773 | 3.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,445 | 2.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,607 | 2.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,013 | 3.80% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,022 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,491 | 2.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,026 | 2.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,778 | 2.25% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,517 | 2.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,405 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,919 | 3.25% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,492 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $970 | 3.25% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,992 | 3.88% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,162 | 2.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,520 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,240 | 2.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,520 | 2.63% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,432 | 3.19% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,680 | 3.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,808 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,724 | 3.63% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,175 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,117 | 3.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,893 | 3.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,870 | 3.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,732 | 2.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,463 | 2.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,430 | 2.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,221 | 2.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,083 | 3.75% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,015 | 3.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,300 | 2.63% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,868 | 2.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $195 | 5.00% |
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.
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Product Mix
For 2020, Midland States Bank's most frequently originated type of loan was Conventional, with 1,866 originations. Their 2nd most popular type was HELOC, with 448 originations.
Loan Reason
For 2020, Midland States Bank's most frequently cited loan purpose was Refi, with 1,034 originations. The 2nd most popular reason was Home Purchase, with 954 originations.
Loan Duration/Length
For 2020, Midland States Bank's most frequently cited loan duration was 30 Year, with 1,290 originations. The 2nd most popular length was 10 Year, with 573 originations.
Origination Fees/Closing Costs
Midland States Bank's average total fees were $3,235, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,298 originations.
Interest Rates
During 2020, Midland States Bank's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 1,219 originations.
Loan Sizing
2020 saw Midland States Bank place emphasis on $100,000 or less loans with 929 originations, totaling $43,235,000 in origination value.
Applicant Income
Midland States Bank lent most frequently to those with incomes in the $50k-75k range, with 584 originations. The second most popular income band? $50k or less, with 543 originations.
Applicant Debt to Income Ratio
Midland States Bank lent most frequently to those with DTI ratios of 20-30%, with 582 originations. The next most common DTI ratio? 30-36%, with 449 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.64%
Midland States Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.19%
Midland States Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,528 | $459,610,000 | $181,808 |
Occupancy Type Mix
LTV Distribution
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 | $36,498 |
| Midland States Bank | 101 Independence Court Dixon, IL 61021 | Full Service B&M | $30,851 |
| 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 | $662,682 |
| Midland States Bank | 11670 Gravois Road Saint Louis, MO 63126 | Full Service B&M | $60,438 |
| Midland States Bank | 119 N Main Street Grant Park, IL 60940 | Full Service B&M | $66,078 |
| 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 | $13,456 |
| Midland States Bank | 1302 Thelma Keller Avenue Effingham, IL 62401 | Full Service B&M | $18,975 |
| Midland States Bank | 13402 Clayton Rd Saint Louis, MO 63131 | Full Service B&M | $41,906 |
| Midland States Bank | 1401 North Avenue Rockford, IL 61103 | Full Service B&M | $7,406 |
| Midland States Bank | 1425 North State Street Belvidere, IL 61008 | Full Service B&M | $27,320 |
| Midland States Bank | 15 West South Street Plano, IL 60545 | Full Service B&M | $14,587 |
| Midland States Bank | 1540 Route 59 Joliet, IL 60431 | Full Service B&M | $67,389 |
| Midland States Bank | 1611 Veterans Avenue Vandalia, IL 62471 | Full Service B&M | $28,305 |
| Midland States Bank | 1617 W. Springfield Ave Champaign, IL 61821 | Full Service B&M | $47,780 |
| Midland States Bank | 1700 N Alpine Rd Rockford, IL 61107 | Full Service B&M | $250,409 |
| Midland States Bank | 1753 South West Avenue Freeport, IL 61032 | Full Service B&M | $15,923 |
| Midland States Bank | 1810 Harlem Road Loves Park, IL 61111 | Full Service Retail | $22,255 |
| Midland States Bank | 1839 North Main Street Princeton, IL 61356 | Full Service B&M | $11,938 |
| Midland States Bank | 1920 Richardson Rd Arnold, MO 63010 | Full Service B&M | $40,572 |
| Midland States Bank | 1972 Pawlisch Drive Rockford, IL 61112 | Full Service B&M | $78,431 |
| Midland States Bank | 1988 Gateway Center Dr Belvidere, IL 61008 | Full Service B&M | $29,958 |
| Midland States Bank | 200 Quarry Road Columbia, IL 62236 | Full Service B&M | $27,088 |
| Midland States Bank | 200 South Poplar Street Centralia, IL 62801 | Full Service B&M | $75,371 |
| Midland States Bank | 200 West Washington Street Momence, IL 60954 | Full Service B&M | $31,822 |
| Midland States Bank | 201 East Main Street Streator, IL 61364 | Full Service B&M | $124,788 |
| Midland States Bank | 202 Indian Springs Drive Sandwich, IL 60548 | Full Service B&M | $33,088 |
| Midland States Bank | 208 East Veterans Parkway Yorkville, IL 60560 | Full Service B&M | $56,106 |
| Midland States Bank | 212 North Hennepin Dixon, IL 61021 | Full Service B&M | $194,628 |
| Midland States Bank | 212 South Central Avenue Saint Louis, MO 63105 | Full Service Cyber Office | $4,718 |
| 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 | $49,870 |
| 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 | $16,551 |
| Midland States Bank | 255 East Station Street Kankakee, IL 60901 | Full Service B&M | $112,887 |
| Midland States Bank | 2642 Charles Street Rockford, IL 61104 | Full Service Retail | $22,524 |
| Midland States Bank | 2825 Plaza Drive Peru, IL 61354 | Full Service B&M | $98,241 |
| Midland States Bank | 302 First Avenue Sterling, IL 61081 | Full Service B&M | $142,232 |
| Midland States Bank | 302 West Mazon Avenue Dwight, IL 60420 | Full Service B&M | $22,159 |
| Midland States Bank | 303 Section Line Road Manteno, IL 60950 | Full Service B&M | $171,496 |
| Midland States Bank | 306 West Main Street Kirkland, IL 60146 | Full Service B&M | $23,798 |
| 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 | $35,520 |
| Midland States Bank | 400 East Etna Road Ottawa, IL 61350 | Full Service B&M | $20,074 |
| Midland States Bank | 4142 Johns Farm Road Rockford, IL 61101 | Limited, Mobile/Seasonal Office | $2,528 |
| Midland States Bank | 4321 Manchester Avenue, Suite 100 Saint Louis, MO 63110 | Full Service B&M | $1,464 |
| Midland States Bank | 435 East North Street Bradley, IL 60915 | Full Service B&M | $63,792 |
| Midland States Bank | 5023 Rockrose Court Roscoe, IL 61073 | Full Service B&M | $39,074 |
| Midland States Bank | 514 South Main Smithton, IL 62285 | Full Service B&M | $36,275 |
| Midland States Bank | 576 Latham Drive Bourbonnais, IL 60914 | Full Service B&M | $85,264 |
| Midland States Bank | 5991 South Highway 94 Saint Charles, MO 63304 | Full Service B&M | $528,152 |
| Midland States Bank | 600 South State Street Belvidere, IL 61008 | Full Service B&M | $163,497 |
| 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 | $64,054 |
| Midland States Bank | 654 North Park Road Herscher, IL 60941 | Full Service B&M | $21,069 |
| Midland States Bank | 660 South Broadway Street Coal City, IL 60416 | Full Service B&M | $70,594 |
| Midland States Bank | 680 South Main Street Bourbonnais, IL 60914 | Full Service B&M | $43,519 |
| Midland States Bank | 6838 East State Street Rockford, IL 61108 | Full Service B&M | $290,437 |
| Midland States Bank | 721 Columbus Street Ottawa, IL 61350 | Full Service B&M | $35,333 |
| Midland States Bank | 7818 Bonhomme Avenue Saint Louis, MO 63105 | Full Service B&M | $169,415 |
| Midland States Bank | 801 Washington Street Mendota, IL 61342 | Full Service B&M | $35,234 |
| Midland States Bank | 8021 West Florissant Avenue, Suite F Jennings, MO 63136 | Full Service B&M | $1,711 |
| Midland States Bank | 812 N Market Waterloo, IL 62298 | Full Service B&M | $59,603 |
| Midland States Bank | 815 North Commercial Avenue St. Clair, MO 63077 | Full Service B&M | $38,034 |
| Midland States Bank | 815 South Main Street Princeton, IL 61356 | Full Service B&M | $148,994 |
| Midland States Bank | 941 First Avenue Rock Falls, IL 61071 | Full Service B&M | $35,760 |
| Midland States Bank | 951 Dixie Highway Beecher, IL 60401 | Full Service B&M | $73,446 |
| Midland States Bank | 980 North Kinzie Avenue Bradley, IL 60915 | Full Service B&M | $71,628 |
| Midland States Bank | 9877 Manchester Road Saint Louis, MO 63119 | Full Service B&M | $36,558 |
| Midland States Bank | 9925 Clayton Rd Saint Louis, MO 63124 | Full Service B&M | $32,863 |
| Midland States Bank | Walnut And Madison Streets Farina, IL 62838 | Full Service B&M | $22,931 |
For 2020, Midland States Bank had 72 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $244,820 |
| Net interest income | $211,122 |
| Total noninterest income | $56,942 |
| Gross Fiduciary activities income | $19,328 |
| Service charges on deposit accounts | $8,603 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $29,011 |
| Pre-tax net operating income | $40,395 |
| Securities gains (or losses, -) | $2,298 |
| Income before extraordinary items | $30,652 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $30,652 |
| Minority interest net income | $0 |
| Net income | $30,652 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $28,836 |
Midland States Bank's gross interest income from loans was $244,820,000.
Midland States Bank's net interest income from loans was $211,122,000.
Midland States Bank's fee based income from loans was $8,603,000.
Midland States Bank's net income from loans was $30,652,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $33,698 |
| Provision for credit losses | $43,515 |
| Total noninterest expense | $184,154 |
| Salaries and employee benefits | $84,780 |
| Premises and equipment expense | $17,472 |
| Additional noninterest expense | $81,902 |
| Applicable income taxes | $12,041 |
| Net charge-offs | $23,517 |
| Cash dividends | $86,000 |
Midland States Bank's interest expense for loans was $33,698,000.
Midland States Bank's payroll and benefits expense were $84,780,000.
Midland States Bank's property, plant and equipment expenses $17,472,000.
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 | 3.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 2.0% |
| All other family | 2.0% |
| 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 | $5,161,594 |
| Deposits held in domestic offices | $5,161,594 |
| Deposits by Individuals, partnerships, and corporations | $4,743,922 |
| Deposits by U.S. Government | $9 |
| Deposits by States and political subdivisions in the U.S. | $411,689 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,974 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,132,428 |
| Demand deposits | $1,058,568 |
| Nontransaction accounts | $4,029,166 |
| Money market deposit accounts (MMDAs) | $785,872 |
| Other savings deposits (excluding MMDAs) | $2,564,582 |
| Total time deposits | $678,712 |
| Total time and savings deposits | $4,103,026 |
| Noninterest-bearing deposits | $1,530,157 |
| Interest-bearing deposits | $3,631,437 |
| Retail deposits | $5,045,176 |
| IRAs and Keogh plan accounts | $110,046 |
| Brokered deposits | $28,119 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $6,857,988 |
| Cash & Balances due from depository institutions | $331,892 |
| Interest-bearing balances | $270,645 |
| Total securities | $686,135 |
| Federal funds sold & reverse repurchase | $4,560 |
| Net loans and leases | $5,180,978 |
| Loan and leases loss allowance | $60,443 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $74,094 |
| Other real estate owned | $20,247 |
| Goodwill and other intangibles | $226,637 |
| All other assets | $333,445 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $6,857,988 |
| Total Liabilities | $6,091,335 |
| Total deposits | $5,161,594 |
| Interest-bearing deposits | $3,631,437 |
| Deposits held in domestic offices | $5,161,594 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $68,957 |
| Trading liabilities | $0 |
| Other borrowed funds | $779,000 |
| Subordinated debt | $0 |
| All other liabilities | $81,784 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $5,180,978 |
| Loan and leases loss allowance | $60,443 |
| Total loans and leases (domestic) | $5,241,421 |
| All real estate loans | $2,275,838 |
| Real estate loans in domestic offices | $2,275,838 |
| Construction and development loans | $172,737 |
| Residential 1-4 family construction | $8,980 |
| Other construction, all land development and other land | $163,757 |
| Loans secured by nonfarm nonresidential properties | $1,204,022 |
| Nonfarm nonresidential secured by owner-occupied properties | $422,657 |
| Commercial real estate & other non-farm, non-residential | $781,365 |
| Multifamily residential real estate | $276,033 |
| 1-4 family residential loans | $543,315 |
| Farmland loans | $79,731 |
| Loans held in foreign offices | $0 |
| Farm loans | $69,244 |
| Commercial and industrial loans | $1,196,304 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $829,759 |
| Credit card loans | $0 |
| Related Plans | $1,170 |
| Consumer Auto Loans | $30,399 |
| Other loans to individuals | $798,190 |
| All other loans & leases | $870,276 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $402,200 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $22,518 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,901 |
| Non 1-4 family restructured loans & leases | $1,843 |
| Total loans and leases (foreign) | $0 |
Midland States Bank had $5,180,978,000 of loans outstanding in 2020. $2,275,838,000 of loans were in real estate loans. $172,737,000 of loans were in development loans. $276,033,000 of loans were in multifamily mortgage loans. $543,315,000 of loans were in 1-4 family mortgage loans. $69,244,000 of loans were in farm loans. $0 of loans were in credit card loans. $30,399,000 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 | 965 | $220,029 | $228,009 |
| Nonfarm, nonresidential loans - <$100k | 239 | $13,552 | $56,703 |
| Nonfarm, nonresidential loans - $100-250k | 298 | $36,444 | $122,295 |
| Nonfarm, nonresidential loans - $250k-1MM | 428 | $170,033 | $397,273 |
| Commercial & Industrial, US addressed loans - <$1MM | 6,344 | $654,707 | $103,201 |
| Commercial & Industrial, US addressed loans - <$100k | 3,411 | $115,941 | $33,990 |
| Commercial & Industrial, US addressed loans - $100-250k | 2,008 | $256,412 | $127,695 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 925 | $282,354 | $305,248 |
| Farmland loans - <$1MM | 496 | $41,067 | $82,796 |
| Farmland loans - <$100k | 303 | $6,527 | $21,541 |
| Farmland loans - $100-250k | 114 | $13,284 | $116,526 |
| Farmland loans - $250k-1MM | 79 | $21,256 | $269,063 |
| Agriculture operations loans - <$1MM | 552 | $44,585 | $80,770 |
| Agriculture operations loans - <$100k | 383 | $10,692 | $27,916 |
| Agriculture operations loans - $100-250k | 102 | $12,873 | $126,206 |
| Agriculture operations loans - $250k-1MM | 67 | $21,020 | $313,731 |