First Midwest Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: KV8W1JTB8FZ821S5ED75
Tax ID: 36-1495255
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
First Midwest Bank is a smaller bank specializing in Home Purchase and Refi loans. First Midwest 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: Chicago, Louisville, Davenport, Champaign, and Ottawa among others. We have data for 78 markets. (Some data included below & more in-depth data is available with an active subscription.)First Midwest Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Midwest 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) | 5.66% | 11/25/24 |
| 30 Year Conventional Purchase | 6.43% | 11/25/24 |
| 30 Year Conventional Refi | 6.28% | 11/25/24 |
| 30 Year Cash-out Refi | 6.60% | 11/25/24 |
| 30 Year FHA Purchase | 7.21% | 11/25/24 |
| 30 Year FHA Refi | 6.71% | 11/25/24 |
| 30 Year VA Purchase | 6.34% | 11/25/24 |
| 30 Year VA Refi | 5.81% | 11/25/24 |
| 15 Year Conventional Purchase | 6.01% | 11/25/24 |
| 15 Year Conventional Refi | 5.98% | 11/25/24 |
| 15 Year Cash-out Refi | 5.98% | 11/25/24 |
| 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. | ||
First Midwest Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from First Midwest 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
4,417Origination Dollar Volume (All Markets)
$907,495,000Employee count
2,035Awards
×
![]()
First Midwest Bank - 2018
First Midwest Bank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for First Midwest Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3,940 | $800,830,000 | $203,256 | $3,291 | 4.08% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $14,045,000 | $14,045,000 | $0 | 5.48% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 99 | $13,445,000 | $135,808 | $2,414 | 4.08% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 13 | $5,655,000 | $435,000 | $2,479 | 4.77% |
| Ottawa, IL (FHA|USDA|VA) | 56 | $5,350,000 | $95,536 | $2,995 | 4.33% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $5,305,000 | $1,061,000 | $5,602 | 4.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 5.32% |
| Outside of Metro Areas | 30 | $4,400,000 | $146,667 | $2,730 | 4.25% |
| DANVILLE, IL (FHA|USDA|VA) | 43 | $3,975,000 | $92,442 | $2,680 | 4.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $3,965,000 | $440,556 | $4,046 | 4.29% |
| Whitewater, WI (FHA|USDA|VA) | 12 | $3,580,000 | $298,333 | $2,716 | 3.85% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $3,440,000 | $344,000 | $4,319 | 4.23% |
| KANKAKEE, IL (FHA|USDA|VA) | 26 | $3,080,000 | $118,462 | $2,400 | 4.42% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $2,565,000 | $513,000 | $5,121 | 4.33% |
| RACINE, WI (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $6,838 | 4.19% |
| Sterling, IL (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $2,538 | 4.40% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $5,778 | 4.06% |
| Galesburg, IL (FHA|USDA|VA) | 24 | $1,710,000 | $71,250 | $1,055 | 4.66% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $5,679 | 3.81% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $6,810 | 2.99% |
| NILES, MI (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $2,536 | 5.47% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $1,194 | 5.04% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $2,990 | 4.44% |
| PEORIA, IL (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $3,882 | 4.81% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,170 | 4.83% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $2,793 | 3.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 9 | $945,000 | $105,000 | $2,250 | 4.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $4,091 | 3.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $3,416 | 4.22% |
| Dixon, IL (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $4,294 | 3.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,073 | 4.44% |
| Pontiac, IL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $2,406 | 4.06% |
| Rochelle, IL (FHA|USDA|VA) | 8 | $660,000 | $82,500 | $3,857 | 4.29% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,397 | 3.82% |
| Macomb, IL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $2,322 | 5.11% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $600,000 | $75,000 | $1,191 | 3.87% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,999 | 3.79% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,987 | 4.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,649 | 5.52% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,648 | 5.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.99% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 2.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,638 | 4.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,580 | 4.54% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,574 | 4.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,748 | 4.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,282 | 3.50% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,942 | 4.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,590 | 4.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,237 | 5.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,341 | 3.67% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,751 | 5.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,464 | 5.25% |
| Angola, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,902 | 4.25% |
| MADISON, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,954 | 4.08% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,303 | 3.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,893 | 4.13% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,784 | 5.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,546 | 4.88% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $2,614 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,052 | 4.50% |
| FLINT, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,285 | 4.63% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,687 | 4.50% |
| New Castle, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $375 | 4.34% |
| Clinton, IA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 5.02% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $580 | 5.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,408 | 4.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $580 | 5.25% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.59% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,519 | 5.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.99% |
| Peru, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $450 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Midwest Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
FINANCIAL PLUS
Similarity Rank: 8
Similarity Rank: 8
AppleTree Credit Union
Similarity Rank: 10
Similarity Rank: 10
NORTHWESTERN MUTUAL
Similarity Rank: 12
Similarity Rank: 12
UNITED
Similarity Rank: 28
Similarity Rank: 28
McCoy Federal Credit Union
Similarity Rank: 60
Similarity Rank: 60
MAINSTREET FEDERAL CREDIT UNION
Similarity Rank: 68
Similarity Rank: 68
Liberty Bank for Savings
Similarity Rank: 104
Similarity Rank: 104
KCB Bank
Similarity Rank: 108
Similarity Rank: 108
R.I.A. Federal Credit Union
Similarity Rank: 120
Similarity Rank: 120
THE FAMILY CREDIT UNION
Similarity Rank: 125
Similarity Rank: 125
Product Mix
For 2018, First Midwest Bank's most frequently originated type of loan was Conventional, with 2,313 originations. Their 2nd most popular type was HELOC, with 1,893 originations.
Loan Reason
For 2018, First Midwest Bank's most frequently cited loan purpose was Home Purchase, with 1,337 originations. The 2nd most popular reason was Refi, with 1,323 originations.
Loan Duration/Length
For 2018, First Midwest Bank's most frequently cited loan duration was 30 Year, with 3,350 originations. The 2nd most popular length was 15 Year, with 448 originations.
Origination Fees/Closing Costs
First Midwest Bank's average total fees were $4,016, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,631 originations.
Interest Rates
During 2018, First Midwest Bank's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,701 originations.
Loan Sizing
2018 saw First Midwest Bank place emphasis on $100,000 or less loans with 2,020 originations, totaling $107,000,000 in origination value.
Applicant Income
First Midwest Bank lent most frequently to those with incomes in the $50k-75k range, with 901 originations. The second most popular income band? $100k-150k, with 827 originations.
Applicant Debt to Income Ratio
First Midwest Bank lent most frequently to those with DTI ratios of 20-30%, with 940 originations. The next most common DTI ratio? 30-36%, with 767 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.81%
First Midwest Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.20%
First Midwest Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,417 | $907,495,000 | $205,455 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MIDWEST BANCORP, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| FIRST MIDWEST BANCORP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| FIRST MIDWEST BANCORP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Midwest Bank | 1 E. Erie Street Chicago, IL 60611 | Full Service B&M | $37,274 |
| First Midwest Bank | 100 East Ogden Avenue Westmont, IL 60559 | Full Service B&M | $104,572 |
| First Midwest Bank | 100 North Gilbert Street Danville, IL 61832 | Full Service B&M | $155,787 |
| First Midwest Bank | 1011 14th Street North Chicago, IL 60064 | Full Service B&M | $37,756 |
| First Midwest Bank | 1029 Pleasant Street Dekalb, IL 60115 | Full Service Retail | $2,960 |
| First Midwest Bank | 1030 Dixie Highway Chicago Heights, IL 60411 | Full Service B&M | $54,674 |
| First Midwest Bank | 10322 Indianapolis Boulevard Highland, IN 46322 | Full Service B&M | $230,866 |
| First Midwest Bank | 10635 South Ewing Avenue Chicago, IL 60617 | Full Service B&M | $84,153 |
| First Midwest Bank | 10858 Pike Street Crown Point, IN 46307 | Full Service B&M | $30,932 |
| First Midwest Bank | 1095 South Water Wilmington, IL 60481 | Full Service B&M | $55,077 |
| First Midwest Bank | 1100 North Main Crown Point, IN 46307 | Full Service B&M | $69,058 |
| First Midwest Bank | 1104 South Arlington Heights Rd Arlington Heights, IL 60005 | Full Service B&M | $35,796 |
| First Midwest Bank | 1111 West Route 6 Morris, IL 60450 | Full Service B&M | $144,594 |
| First Midwest Bank | 11200 W. 143rd Street Orland Park, IL 60467 | Full Service B&M | $113,940 |
| First Midwest Bank | 11210 West Lincoln Highway Mokena, IL 60448 | Full Service B&M | $82,063 |
| First Midwest Bank | 11900 South Pulaski Road Alsip, IL 60803 | Full Service B&M | $147,308 |
| First Midwest Bank | 120 North Washington Street Naperville, IL 60540 | Full Service B&M | $28,142 |
| First Midwest Bank | 1201 Golf Road Waukegan, IL 60085 | Full Service B&M | $86,033 |
| First Midwest Bank | 12015 South Western Avenue Blue Island, IL 60406 | Full Service B&M | $189,300 |
| First Midwest Bank | 12600 South Harlem Avenue Palos Heights, IL 60463 | Full Service B&M | $340,204 |
| First Midwest Bank | 1290 East Steger Road Crete, IL 60417 | Full Service B&M | $24,986 |
| First Midwest Bank | 130 West Lincoln Hwy Dekalb, IL 60115 | Full Service B&M | $108,402 |
| First Midwest Bank | 1301 North Larkin Avenue Joliet, IL 60435 | Full Service B&M | $72,663 |
| First Midwest Bank | 1308 N. Richmond Road Mchenry, IL 60050 | Full Service B&M | $187,730 |
| First Midwest Bank | 13419 S. Ridgeland Ave. Palos Heights, IL 60463 | Full Service B&M | $65,754 |
| First Midwest Bank | 13500 South Cicero Avenue Crestwood, IL 60445 | Full Service B&M | $113,802 |
| First Midwest Bank | 1415 West Jefferson Street Joliet, IL 60435 | Full Service B&M | $84,445 |
| First Midwest Bank | 1425 Dekalb Avenue Sycamore, IL 60178 | Full Service B&M | $40,249 |
| First Midwest Bank | 1434 N Rand Road Arlington Heights, IL 60004 | Full Service B&M | $36,537 |
| First Midwest Bank | 1445 West Chicago Avenue Chicago, IL 60622 | Full Service B&M | $19,906 |
| First Midwest Bank | 1500 Allanson Road Mundelein, IL 60060 | Full Service B&M | $42,559 |
| First Midwest Bank | 15900 South Wolf Road Orland Park, IL 60462 | Full Service B&M | $114,869 |
| First Midwest Bank | 1600 West Lake Street Melrose Park, IL 60160 | Full Service B&M | $61,746 |
| First Midwest Bank | 16051 Weber Road Crest Hill, IL 60403 | Full Service B&M | $24,598 |
| First Midwest Bank | 1607 North Aurora Road Naperville, IL 60563 | Full Service B&M | $30,966 |
| First Midwest Bank | 16700 South 80th Avenue Tinley Park, IL 60477 | Full Service B&M | $200,430 |
| First Midwest Bank | 170 North Route 31 Crystal Lake, IL 60014 | Full Service B&M | $21,970 |
| First Midwest Bank | 17500 Oak Park Avenue Tinley Park, IL 60477 | Full Service B&M | $506,691 |
| First Midwest Bank | 1806 Robin Hood Boulevard Schererville, IN 46375 | Full Service B&M | $63,886 |
| First Midwest Bank | 18120 South Torrence Avenue Lansing, IL 60438 | Full Service B&M | $50,566 |
| First Midwest Bank | 18600 Dixie Highway Homewood, IL 60430 | Full Service B&M | $185,528 |
| First Midwest Bank | 1968 Sibley Blvd Calumet City, IL 60409 | Full Service Retail | $12,144 |
| First Midwest Bank | 1975 Kimberly Road Bettendorf, IA 52722 | Full Service B&M | $30,174 |
| First Midwest Bank | 1975 West Ridge Road Gary, IN 46408 | Full Service B&M | $22,319 |
| First Midwest Bank | 19997 S. La Grange Road Frankfort, IL 60423 | Full Service B&M | $148,201 |
| First Midwest Bank | 2 Main Street Park Forest, IL 60466 | Full Service B&M | $12,384 |
| First Midwest Bank | 2 South Broadway Aurora, IL 60507 | Full Service B&M | $27,521 |
| First Midwest Bank | 20 South Kankakee Coal City, IL 60416 | Full Service B&M | $60,082 |
| First Midwest Bank | 200 North Lasalle Street Chicago, IL 60601 | Full Service B&M | $7,059 |
| First Midwest Bank | 200 North Main Street Leland, IL 60531 | Full Service B&M | $21,233 |
| First Midwest Bank | 200 West Corning Avenue Peotone, IL 60468 | Full Service B&M | $91,566 |
| First Midwest Bank | 2090 East Commercial Street Lowell, IN 46356 | Full Service B&M | $36,392 |
| First Midwest Bank | 212 North Chicago Street Joliet, IL 60432 | Full Service Cyber Office | $0 |
| First Midwest Bank | 214 Washington Street Waukegan, IL 60085 | Full Service B&M | $689,003 |
| First Midwest Bank | 220 West Main Street Morris, IL 60450 | Full Service B&M | $173,770 |
| First Midwest Bank | 2222 41st Street Moline, IL 61265 | Full Service B&M | $24,466 |
| First Midwest Bank | 224 North Main Street Seneca, IL 61360 | Full Service B&M | $46,888 |
| First Midwest Bank | 2290 Sycamore Road Dekalb, IL 60115 | Full Service B&M | $68,729 |
| First Midwest Bank | 812 West Springfield Champaign, IL 61820 | Full Service B&M | $43,763 |
| First Midwest Bank | 230 West State Street Sycamore, IL 60178 | Full Service B&M | $206,904 |
| First Midwest Bank | 2301 N Cicero Avenue Chicago, IL 60639 | Full Service B&M | $48,431 |
| First Midwest Bank | 2400 West 95th Street Evergreen Park, IL 60805 | Full Service B&M | $94,094 |
| First Midwest Bank | 241 East Deerpath Lake Forest, IL 60045 | Full Service B&M | $55,418 |
| First Midwest Bank | 24509 West Lockport Street Plainfield, IL 60544 | Full Service B&M | $256,072 |
| First Midwest Bank | 2601 West Schaumburg Road Schaumburg, IL 60194 | Full Service B&M | $51,895 |
| First Midwest Bank | 2801 West Jefferson Street Joliet, IL 60435 | Full Service B&M | $109,988 |
| First Midwest Bank | 2806 North Vermilion Street Danville, IL 61832 | Full Service B&M | $45,705 |
| First Midwest Bank | 282 N Weber Road Bolingbrook, IL 60440 | Full Service B&M | $60,990 |
| First Midwest Bank | 2930 Ridge Road Highland, IN 46322 | Full Service B&M | $69,702 |
| First Midwest Bank | 300 N. Hunt Club Road Gurnee, IL 60031 | Full Service B&M | $185,836 |
| First Midwest Bank | 302 East Main Street Galesburg, IL 61401 | Full Service B&M | $74,166 |
| First Midwest Bank | 320 West Kimberly Road Davenport, IA 52806 | Full Service B&M | $60,498 |
| First Midwest Bank | 321 East Church Street Sandwich, IL 60548 | Full Service B&M | $39,679 |
| First Midwest Bank | 3220 W. 26th Street Chicago, IL 60623 | Full Service B&M | $31,386 |
| First Midwest Bank | 324 East Main Street Knoxville, IL 61448 | Full Service B&M | $33,436 |
| First Midwest Bank | 3303 Sheridan Road Zion, IL 60099 | Full Service B&M | $48,510 |
| First Midwest Bank | 3500 Grant Street Gary, IN 46408 | Limited, Drive-thru | $0 |
| First Midwest Bank | 3737 West 147th Street Midlothian, IL 60445 | Full Service B&M | $76,230 |
| First Midwest Bank | 3747 N Clark Street Chicago, IL 60613 | Full Service Retail | $12,086 |
| First Midwest Bank | 3800 Rock Creek Blvd. Joliet, IL 60431 | Limited, Administrative | $0 |
| First Midwest Bank | 3805 N. Johnsburg Road Johnsburg, IL 60051 | Full Service B&M | $45,451 |
| First Midwest Bank | 4000 North Point Boulevard Waukegan, IL 60085 | Full Service B&M | $31,618 |
| First Midwest Bank | 4000 West North Avenue Chicago, IL 60639 | Full Service B&M | $188,669 |
| First Midwest Bank | 4001 West 95th Street Oak Lawn, IL 60453 | Full Service B&M | $98,698 |
| First Midwest Bank | 41 South Vail Ave Arlington Heights, IL 60005 | Full Service B&M | $41,933 |
| First Midwest Bank | 4101 West 183rd Street Country Club Hills, IL 60478 | Full Service B&M | $48,494 |
| First Midwest Bank | 411 North Seymour Avenue Mundelein, IL 60060 | Full Service B&M | $49,790 |
| First Midwest Bank | 4150 Kennedy Drive East Moline, IL 61244 | Full Service B&M | $31,289 |
| First Midwest Bank | 4502 West Crystal Lake Road Mchenry, IL 60050 | Full Service B&M | $36,707 |
| First Midwest Bank | 4518 Indianapolis Boulevard East Chicago, IN 46312 | Full Service B&M | $15,824 |
| First Midwest Bank | 4600 West Lincoln Highway Matteson, IL 60443 | Full Service B&M | $30,269 |
| First Midwest Bank | 50 W Jefferson St Joliet, IL 60432 | Full Service Cyber Office | $0 |
| First Midwest Bank | 50 West Jefferson Street Joliet, IL 60432 | Full Service B&M | $722,647 |
| First Midwest Bank | 505 U.S. Route 6 Minooka, IL 60447 | Full Service B&M | $19,414 |
| First Midwest Bank | 506 15th Street Moline, IL 61265 | Full Service B&M | $206,068 |
| First Midwest Bank | 520 North Cass Avenue Westmont, IL 60559 | Full Service B&M | $75,453 |
| First Midwest Bank | 530 E. Washington Street Grayslake, IL 60030 | Full Service B&M | $70,813 |
| First Midwest Bank | 5545 Hohman Avenue Hammond, IN 46320 | Full Service B&M | $4,713 |
| First Midwest Bank | 555 West Dundee Road Buffalo Grove, IL 60089 | Full Service B&M | $246,925 |
| First Midwest Bank | 5601 Monee Manhattan Rd. Ste. 111 Monee, IL 60449 | Full Service B&M | $68,847 |
| First Midwest Bank | 579 West Lincoln Highway Merrillville, IN 46410 | Full Service B&M | $63,344 |
| First Midwest Bank | 601 Pearson Drive Genoa, IL 60135 | Full Service B&M | $39,198 |
| First Midwest Bank | 6011 West 95th Street Oak Lawn, IL 60453 | Full Service B&M | $73,636 |
| First Midwest Bank | 6603 Columbia Avenue Hammond, IN 46320 | Full Service B&M | $119,562 |
| First Midwest Bank | 6611 Kennedy Avenue Hammond, IN 46323 | Full Service B&M | $36,310 |
| First Midwest Bank | 7181 West Irving Park Road Chicago, IL 60634 | Full Service B&M | $46,161 |
| First Midwest Bank | 725 Waukegan Road Deerfield, IL 60015 | Full Service B&M | $205,361 |
| First Midwest Bank | 749 Lee Street Des Plaines, IL 60016 | Full Service B&M | $182,387 |
| First Midwest Bank | 750 Ridge Road Munster, IN 46321 | Full Service B&M | $108,659 |
| First Midwest Bank | 755 Indian Boundary Line Rd Chesterton, IN 46304 | Full Service B&M | $14,188 |
| First Midwest Bank | 7645 W. St.Francis Road Frankfort, IL 60423 | Full Service B&M | $43,719 |
| First Midwest Bank | 7800 West 95th Street Hickory Hills, IL 60457 | Full Service B&M | $419,580 |
| First Midwest Bank | 800 South State Street Lockport, IL 60441 | Full Service B&M | $88,640 |
| First Midwest Bank | 820 Joliet Street Dyer, IN 46311 | Full Service B&M | $49,616 |
| First Midwest Bank | 836 W Irving Park Rd Chicago, IL 60613 | Full Service Retail | $13,500 |
| First Midwest Bank | 8383 West Belmont Avenue River Grove, IL 60171 | Full Service B&M | $117,359 |
| First Midwest Bank | 8501 West Higgins Road Chicago, IL 60631 | Full Service B&M | $274,145 |
| First Midwest Bank | 8601 W Ogden Lyons, IL 60534 | Full Service Cyber Office | $0 |
| First Midwest Bank | 8601 West Ogden Avenue Lyons, IL 60534 | Full Service B&M | $118,976 |
| First Midwest Bank | 8750 West Bryn Mawr Avenue Suite 1300 Chicago, IL 60631 | Full Service B&M | $0 |
| First Midwest Bank | 915 West Glen Park Avenue Griffith, IN 46319 | Full Service B&M | $37,356 |
| First Midwest Bank | 930 North Main Street Elburn, IL 60119 | Full Service B&M | $38,684 |
| First Midwest Bank | 970 Brook Forest Ave Shorewood, IL 60431 | Full Service B&M | $63,964 |
| First Midwest Bank | 9700 West 131st Street Palos Park, IL 60464 | Full Service B&M | $101,657 |
| First Midwest Bank | 9800 Wicker Avenue Saint John, IN 46373 | Full Service B&M | $97,513 |
| First Midwest Bank | Depot Street Gardner, IL 60424 | Full Service B&M | $41,079 |
| First Midwest Bank | One West Roosevelt Road Villa Park, IL 60181 | Full Service B&M | $58,423 |
| First Midwest Bank | U.S. Route 52, Somonauk Road Serena, IL 60549 | Full Service B&M | $13,728 |
For 2018, First Midwest Bank had 128 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $579,573 |
| Net interest income | $526,298 |
| Total noninterest income | $135,675 |
| Gross Fiduciary activities income | $29,669 |
| Service charges on deposit accounts | $48,750 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $57,256 |
| Pre-tax net operating income | $239,343 |
| Securities gains (or losses, -) | $-59 |
| Income before extraordinary items | $187,015 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $187,015 |
| Minority interest net income | $0 |
| Net income | $187,015 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $187,061 |
First Midwest Bank's gross interest income from loans was $579,573,000.
First Midwest Bank's net interest income from loans was $526,298,000.
First Midwest Bank's fee based income from loans was $48,750,000.
First Midwest Bank's net income from loans was $187,015,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $53,275 |
| Provision for credit losses | $47,854 |
| Total noninterest expense | $374,776 |
| Salaries and employee benefits | $206,218 |
| Premises and equipment expense | $55,647 |
| Additional noninterest expense | $112,911 |
| Applicable income taxes | $52,269 |
| Net charge-offs | $41,364 |
| Cash dividends | $86,000 |
First Midwest Bank's interest expense for loans was $53,275,000.
First Midwest Bank's payroll and benefits expense were $206,218,000.
First Midwest Bank's property, plant and equipment expenses $55,647,000.
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 | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| 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 | $12,247,859 |
| Deposits held in domestic offices | $12,247,859 |
| Deposits by Individuals, partnerships, and corporations | $11,031,928 |
| Deposits by U.S. Government | $10 |
| Deposits by States and political subdivisions in the U.S. | $1,211,958 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,963 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,337,569 |
| Demand deposits | $1,816,096 |
| Nontransaction accounts | $9,910,290 |
| Money market deposit accounts (MMDAs) | $5,315,892 |
| Other savings deposits (excluding MMDAs) | $2,053,494 |
| Total time deposits | $2,540,904 |
| Total time and savings deposits | $10,431,763 |
| Noninterest-bearing deposits | $3,654,665 |
| Interest-bearing deposits | $8,593,194 |
| Retail deposits | $11,562,240 |
| IRAs and Keogh plan accounts | $310,932 |
| Brokered deposits | $226,074 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $15,430,682 |
| Cash & Balances due from depository institutions | $289,258 |
| Interest-bearing balances | $78,069 |
| Total securities | $2,292,762 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $11,348,042 |
| Loan and leases loss allowance | $102,219 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $131,804 |
| Other real estate owned | $12,821 |
| Goodwill and other intangibles | $769,147 |
| All other assets | $586,848 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $15,430,682 |
| Total Liabilities | $13,360,062 |
| Total deposits | $12,247,859 |
| Interest-bearing deposits | $8,593,194 |
| Deposits held in domestic offices | $12,247,859 |
| % insured (estimated) | $65 |
| Federal funds purchased and repurchase agreements | $121,079 |
| Trading liabilities | $0 |
| Other borrowed funds | $785,000 |
| Subordinated debt | $0 |
| All other liabilities | $206,124 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $11,348,042 |
| Loan and leases loss allowance | $102,219 |
| Total loans and leases (domestic) | $11,450,261 |
| All real estate loans | $6,926,987 |
| Real estate loans in domestic offices | $6,926,987 |
| Construction and development loans | $564,809 |
| Residential 1-4 family construction | $129,850 |
| Other construction, all land development and other land | $434,959 |
| Loans secured by nonfarm nonresidential properties | $3,131,264 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,349,593 |
| Commercial real estate & other non-farm, non-residential | $1,781,671 |
| Multifamily residential real estate | $937,423 |
| 1-4 family residential loans | $2,040,622 |
| Farmland loans | $252,869 |
| Loans held in foreign offices | $0 |
| Farm loans | $189,487 |
| Commercial and industrial loans | $3,520,679 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $428,426 |
| Credit card loans | $1,992 |
| Related Plans | $3,627 |
| Consumer Auto Loans | $99,823 |
| Other loans to individuals | $322,984 |
| All other loans & leases | $384,682 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $17,428 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $31,570 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,765 |
| Non 1-4 family restructured loans & leases | $758 |
| Total loans and leases (foreign) | $0 |
First Midwest Bank had $11,348,042,000 of loans outstanding in 2018. $6,926,987,000 of loans were in real estate loans. $564,809,000 of loans were in development loans. $937,423,000 of loans were in multifamily mortgage loans. $2,040,622,000 of loans were in 1-4 family mortgage loans. $189,487,000 of loans were in farm loans. $1,992,000 of loans were in credit card loans. $99,823,000 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 | 2,337 | $638,836 | $273,357 |
| Nonfarm, nonresidential loans - <$100k | 372 | $17,178 | $46,177 |
| Nonfarm, nonresidential loans - $100-250k | 752 | $101,963 | $135,589 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,213 | $519,695 | $428,438 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,999 | $689,728 | $172,475 |
| Commercial & Industrial, US addressed loans - <$100k | 1,681 | $77,579 | $46,151 |
| Commercial & Industrial, US addressed loans - $100-250k | 965 | $109,394 | $113,362 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,353 | $502,755 | $371,585 |
| Farmland loans - <$1MM | 285 | $43,252 | $151,761 |
| Farmland loans - <$100k | 92 | $3,908 | $42,478 |
| Farmland loans - $100-250k | 121 | $17,222 | $142,331 |
| Farmland loans - $250k-1MM | 72 | $22,122 | $307,250 |
| Agriculture operations loans - <$1MM | 419 | $53,365 | $127,363 |
| Agriculture operations loans - <$100k | 180 | $6,295 | $34,972 |
| Agriculture operations loans - $100-250k | 137 | $18,706 | $136,540 |
| Agriculture operations loans - $250k-1MM | 102 | $28,364 | $278,078 |