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 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.

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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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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

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