First Midwest Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: KV8W1JTB8FZ821S5ED75
Tax ID: 36-1495255
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Review & Overview
First Midwest Bank is a small bank specializing in Refi and Home Purchase 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, Milwaukee, Denver, Miami, and Minneapolis among others. We have data for 229 markets. (Some data included below & more in-depth data is available with an active subscription.)First Midwest 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.66% | 11/22/24 |
| 30 Year Conventional Purchase | 6.43% | 11/22/24 |
| 30 Year Conventional Refi | 6.28% | 11/22/24 |
| 30 Year Cash-out Refi | 6.60% | 11/22/24 |
| 30 Year FHA Purchase | 7.21% | 11/22/24 |
| 30 Year FHA Refi | 6.71% | 11/22/24 |
| 30 Year VA Purchase | 6.34% | 11/22/24 |
| 30 Year VA Refi | 5.81% | 11/22/24 |
| 15 Year Conventional Purchase | 6.01% | 11/22/24 |
| 15 Year Conventional Refi | 5.98% | 11/22/24 |
| 15 Year Cash-out Refi | 5.98% | 11/22/24 |
| 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
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This is not an official calculator from First Midwest Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,828Origination Dollar Volume (All Markets)
$2,273,240,000Employee count
1,886Awards
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First Midwest Bank - 2021
First Midwest Bank is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5,033 | $1,427,655,000 | $283,659 | $3,359 | 3.03% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 217 | $168,045,000 | $774,401 | $3,034 | 3.23% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 111 | $75,595,000 | $681,036 | $4,219 | 2.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 80 | $47,800,000 | $597,500 | $5,103 | 2.82% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $32,775,000 | $4,682,143 | $4,817 | 3.24% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 60 | $29,610,000 | $493,500 | $3,922 | 2.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $26,135,000 | $26,135,000 | $0 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 47 | $21,705,000 | $461,809 | $4,567 | 2.82% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 146 | $20,480,000 | $140,274 | $2,811 | 3.06% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $19,400,000 | $9,700,000 | $2,708 | 3.13% |
| MADISON, WI (FHA|USDA|VA) | 12 | $18,560,000 | $1,546,667 | $3,313 | 2.84% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 69 | $18,475,000 | $267,754 | $2,667 | 2.70% |
| Outside of Metro Areas | 54 | $15,840,000 | $293,333 | $3,243 | 3.00% |
| Whitewater, WI (FHA|USDA|VA) | 31 | $12,675,000 | $408,871 | $3,212 | 2.83% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 18 | $12,430,000 | $690,556 | $6,453 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 24 | $12,160,000 | $506,667 | $5,549 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 25 | $12,135,000 | $485,400 | $4,585 | 2.95% |
| RACINE, WI (FHA|USDA|VA) | 8 | $11,950,000 | $1,493,750 | $3,332 | 3.27% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 31 | $11,755,000 | $379,194 | $3,583 | 2.58% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 25 | $11,135,000 | $445,400 | $4,889 | 2.96% |
| Ottawa, IL (FHA|USDA|VA) | 78 | $10,510,000 | $134,744 | $2,690 | 3.06% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 7 | $10,125,000 | $1,446,429 | $2,750 | 3.22% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 29 | $9,845,000 | $339,483 | $2,846 | 2.63% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $9,170,000 | $4,585,000 | $0 | 3.25% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $9,005,000 | $9,005,000 | $0 | 2.09% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 27 | $8,705,000 | $322,407 | $3,498 | 2.97% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $8,340,000 | $4,170,000 | $2,099 | 2.49% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $6,650,000 | $302,273 | $2,647 | 2.77% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $4,960,000 | $2,480,000 | $0 | 3.37% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $4,745,000 | $431,364 | $4,713 | 2.80% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 9 | $4,385,000 | $487,222 | $6,751 | 2.72% |
| KANKAKEE, IL (FHA|USDA|VA) | 26 | $4,160,000 | $160,000 | $3,197 | 3.24% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 8 | $3,870,000 | $483,750 | $6,496 | 2.78% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 12 | $3,610,000 | $300,833 | $1,953 | 2.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 13 | $3,575,000 | $275,000 | $2,964 | 2.86% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $3,560,000 | $1,780,000 | $9,797 | 2.44% |
| NILES, MI (FHA|USDA|VA) | 9 | $3,535,000 | $392,778 | $3,055 | 2.61% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 11 | $3,315,000 | $301,364 | $3,809 | 2.77% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $3,175,000 | $352,778 | $4,554 | 2.71% |
| DANVILLE, IL (FHA|USDA|VA) | 38 | $3,120,000 | $82,105 | $1,791 | 3.27% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $3,115,000 | $445,000 | $4,229 | 2.84% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $3,060,000 | $382,500 | $4,538 | 2.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 14 | $2,950,000 | $210,714 | $3,584 | 2.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,845,000 | $406,429 | $3,218 | 2.89% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $2,805,000 | $215,769 | $3,751 | 3.32% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $2,725,000 | $545,000 | $3,650 | 2.90% |
| Galesburg, IL (FHA|USDA|VA) | 38 | $2,640,000 | $69,474 | $2,549 | 3.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,615,000 | $290,556 | $2,409 | 2.85% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $2,610,000 | $435,000 | $3,565 | 2.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $5,357 | 3.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $2,425,000 | $808,333 | $2,700 | 2.98% |
| Holland, MI (FHA|USDA|VA) | 2 | $2,390,000 | $1,195,000 | $5,024 | 3.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $3,133 | 2.93% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,325,000 | $332,143 | $2,863 | 2.50% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $3,007 | 2.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $3,616 | 3.09% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,115,000 | $235,000 | $2,201 | 2.53% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $2,030,000 | $507,500 | $2,975 | 2.81% |
| PEORIA, IL (FHA|USDA|VA) | 13 | $1,965,000 | $151,154 | $3,314 | 3.11% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $3,118 | 2.75% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $6,543 | 2.92% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $3,422 | 2.69% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $2,848 | 2.79% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 11 | $1,725,000 | $156,818 | $3,982 | 3.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,685,000 | $561,667 | $4,540 | 2.54% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 1.50% |
| Sterling, IL (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $2,815 | 3.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $2,428 | 2.68% |
| WICHITA, KS (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $5,959 | 2.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $2,723 | 2.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $2,454 | 2.62% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $4,135 | 3.29% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $3,329 | 3.33% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $3,686 | 2.67% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $3,087 | 2.82% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $4,071 | 2.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $2,777 | 2.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $2,960 | 2.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $4,190 | 2.47% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $2,520 | 2.72% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $2,492 | 2.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,953 | 2.79% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $4,840 | 3.08% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $6,156 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $3,311 | 2.85% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $4,008 | 2.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $4,128 | 2.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $2,333 | 2.35% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $4,994 | 2.78% |
| OCALA, FL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $4,421 | 3.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $4,032 | 2.98% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $5,839 | 2.96% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $3,731 | 2.75% |
| ERIE, PA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $3,920 | 2.71% |
| Payson, AZ (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $4,242 | 2.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $1,995 | 2.33% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $3,472 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,026 | 2.58% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $3,011 | 2.50% |
| Rochelle, IL (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,021 | 2.97% |
| Montrose, CO (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $2,843 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,657 | 2.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $2,434 | 2.54% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $4,578 | 2.53% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,971 | 2.92% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,576 | 2.81% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $1,508 | 2.06% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,089 | 3.00% |
| Pontiac, IL (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $3,210 | 3.30% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,203 | 2.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $7,289 | 4.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $1,850 | 2.69% |
| RENO, NV (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $1,998 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,040 | 2.56% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,515 | 2.69% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $6,254 | 2.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,332 | 2.50% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $5,254 | 2.63% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,540 | 3.06% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $3,119 | 2.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,266 | 2.46% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,238 | 2.38% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,035 | 2.88% |
| TULSA, OK (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,586 | 2.81% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,867 | 2.63% |
| Branson, MO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,320 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,673 | 3.13% |
| Prineville, OR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,634 | 2.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,526 | 2.25% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,216 | 2.50% |
| Angola, IN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,916 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $1,963 | 2.50% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,477 | 3.50% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,696 | 2.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,280 | 2.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,407 | 2.38% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $1,902 | 3.75% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,032 | 3.13% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,396 | 2.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,833 | 2.13% |
| Edwards, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,586 | 3.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,269 | 2.94% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,211 | 2.31% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,310 | 2.13% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,409 | 2.63% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,513 | 2.94% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,834 | 2.44% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,635 | 2.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,064 | 3.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,109 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,988 | 2.69% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $1,949 | 2.88% |
| Dixon, IL (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $2,537 | 3.03% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $1,833 | 2.94% |
| Effingham, IL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,419 | 2.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,242 | 2.50% |
| Shelton, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,787 | 2.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,399 | 2.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,028 | 2.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,199 | 3.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,170 | 3.38% |
| Vernal, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,807 | 2.38% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,673 | 2.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,141 | 2.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,018 | 3.13% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,152 | 2.25% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,894 | 3.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,196 | 3.19% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,669 | 2.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,560 | 2.88% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,265 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $882 | 2.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,973 | 2.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,875 | 2.75% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,042 | 2.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,942 | 2.50% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,536 | 3.50% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,344 | 3.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,332 | 2.75% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,566 | 2.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $680 | 3.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,446 | 2.88% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,037 | 2.25% |
| Clovis, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,337 | 2.13% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,818 | 2.25% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,077 | 2.88% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,740 | 2.25% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,870 | 2.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,591 | 2.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,568 | 3.75% |
| FLINT, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,086 | 2.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,919 | 2.75% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,168 | 2.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,920 | 2.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,788 | 3.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,204 | 2.75% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,638 | 2.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,616 | 3.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,573 | 2.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,944 | 2.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,870 | 2.88% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,196 | 2.38% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,796 | 3.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,084 | 2.38% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,501 | 3.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,117 | 2.88% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,602 | 2.63% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,805 | 2.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,195 | 3.25% |
| Murray, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,216 | 2.13% |
| Boone, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,633 | 3.63% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,967 | 3.12% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,836 | 2.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,654 | 2.25% |
| Mason City, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,990 | 3.63% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.99% |
| Clinton, IA (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $2,865 | 2.62% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,946 | 3.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,153 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,408 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,080 | 2.75% |
| Madison, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.99% |
| Crossville, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,852 | 3.38% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.99% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,504 | 3.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,609 | 3.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,158 | 2.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.00% |
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Product Mix
For 2021, First Midwest Bank's most frequently originated type of loan was Conventional, with 4,890 originations. Their 2nd most popular type was HELOC, with 1,645 originations.
Loan Reason
For 2021, First Midwest Bank's most frequently cited loan purpose was Refi, with 2,603 originations. The 2nd most popular reason was Home Purchase, with 1,996 originations.
Loan Duration/Length
For 2021, First Midwest Bank's most frequently cited loan duration was 30 Year, with 5,065 originations. The 2nd most popular length was 15 Year, with 1,030 originations.
Origination Fees/Closing Costs
First Midwest Bank's average total fees were $3,913, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,868 originations.
Interest Rates
During 2021, First Midwest Bank's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,384 originations.
Loan Sizing
2021 saw First Midwest Bank place emphasis on $100k-200k loans with 2,071 originations, totaling $298,795,000 in origination value.
Applicant Income
First Midwest Bank lent most frequently to those with incomes in the $100k-150k range, with 1,382 originations. The second most popular income band? $50k-75k, with 1,154 originations.
Applicant Debt to Income Ratio
First Midwest Bank lent most frequently to those with DTI ratios of 20-30%, with 1,632 originations. The next most common DTI ratio? 30-36%, with 1,334 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.52%
First Midwest Bank has a below average approval rate.
Pick Rate
Approvals leading to origination87.13%
First Midwest Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,828 | $2,273,240,000 | $332,929 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,828 | $2,273,240,000 | $332,929 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MIDWEST BANCORP, INC. | Other type of mortgage | Closing on a mortgage | 1 | 20.0% |
| FIRST MIDWEST BANCORP, INC. | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| FIRST MIDWEST BANCORP, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Midwest Bank | 100 East Ogden Avenue Westmont, IL 60559 | Full Service B&M | $109,773 |
| First Midwest Bank | 100 North Gilbert Street Danville, IL 61832 | Full Service B&M | $115,083 |
| First Midwest Bank | 1011 14th Street North Chicago, IL 60064 | Full Service B&M | $47,053 |
| First Midwest Bank | 1030 Dixie Highway Chicago Heights, IL 60411 | Full Service B&M | $86,723 |
| First Midwest Bank | 10322 Indianapolis Boulevard Highland, IN 46322 | Full Service B&M | $320,114 |
| First Midwest Bank | 1058 West Bryn Mawr Chicago, IL 60660 | Full Service B&M | $51,120 |
| First Midwest Bank | 10635 South Ewing Avenue Chicago, IL 60617 | Full Service B&M | $101,028 |
| First Midwest Bank | 10858 Pike Street Crown Point, IN 46307 | Full Service B&M | $39,316 |
| First Midwest Bank | 1095 South Water Wilmington, IL 60481 | Full Service B&M | $67,219 |
| First Midwest Bank | 1100 North Main Crown Point, IN 46307 | Full Service B&M | $86,433 |
| First Midwest Bank | 1111 West Route 6 Morris, IL 60450 | Full Service B&M | $163,296 |
| First Midwest Bank | 11210 West Lincoln Highway Mokena, IL 60448 | Full Service B&M | $112,113 |
| First Midwest Bank | 11900 South Pulaski Road Alsip, IL 60803 | Full Service B&M | $190,159 |
| First Midwest Bank | 120 North Washington Street Naperville, IL 60540 | Full Service B&M | $59,141 |
| First Midwest Bank | 1201 Golf Road Waukegan, IL 60085 | Full Service B&M | $376,046 |
| First Midwest Bank | 12015 South Western Avenue Blue Island, IL 60406 | Full Service B&M | $237,430 |
| First Midwest Bank | 12600 South Harlem Avenue Palos Heights, IL 60463 | Full Service B&M | $449,677 |
| First Midwest Bank | 1290 East Steger Road Crete, IL 60417 | Full Service B&M | $48,656 |
| First Midwest Bank | 130 West Lincoln Hwy Dekalb, IL 60115 | Full Service B&M | $136,345 |
| First Midwest Bank | 1301 North Larkin Avenue Joliet, IL 60435 | Full Service B&M | $102,243 |
| First Midwest Bank | 1308 N. Richmond Road Mchenry, IL 60050 | Full Service B&M | $325,424 |
| First Midwest Bank | 13500 South Cicero Avenue Crestwood, IL 60445 | Full Service B&M | $153,731 |
| First Midwest Bank | 1415 West Jefferson Street Joliet, IL 60435 | Full Service B&M | $104,950 |
| First Midwest Bank | 14870 West Greenfield Avenue Brookfield, WI 53005 | Full Service B&M | $447,804 |
| First Midwest Bank | 1500 Allanson Road Mundelein, IL 60060 | Full Service B&M | $146,336 |
| First Midwest Bank | 15900 South Wolf Road Orland Park, IL 60462 | Full Service B&M | $269,806 |
| First Midwest Bank | 1600 West Lake Street Melrose Park, IL 60160 | Full Service B&M | $73,955 |
| First Midwest Bank | 16700 South 80th Avenue Tinley Park, IL 60477 | Full Service B&M | $253,848 |
| First Midwest Bank | 17500 Oak Park Avenue Tinley Park, IL 60477 | Full Service B&M | $602,141 |
| First Midwest Bank | 1777 North Cedar Lake Road Round Lake, IL 60073 | Full Service B&M | $100,631 |
| First Midwest Bank | 18120 South Torrence Avenue Lansing, IL 60438 | Full Service B&M | $71,405 |
| First Midwest Bank | 18600 Dixie Highway Homewood, IL 60430 | Full Service B&M | $211,403 |
| First Midwest Bank | 1970 North Halsted Avenue Chicago, IL 60614 | Full Service B&M | $143,499 |
| First Midwest Bank | 1975 West Ridge Road Gary, IN 46408 | Full Service B&M | $32,876 |
| First Midwest Bank | 19997 S. La Grange Road Frankfort, IL 60423 | Full Service B&M | $267,529 |
| First Midwest Bank | 2 South Broadway Aurora, IL 60507 | Full Service B&M | $30,297 |
| First Midwest Bank | 20 South Kankakee Coal City, IL 60416 | Full Service B&M | $75,660 |
| First Midwest Bank | 200 West Corning Avenue Peotone, IL 60468 | Full Service B&M | $107,872 |
| First Midwest Bank | 212 N Chicago St Joliet, IL 60432 | Full Service Cyber Office | $0 |
| First Midwest Bank | 212 N Chicago St Joliet, IL 60432 | Full Service B&M | $1,294,004 |
| First Midwest Bank | 212 North Chicago Street Joliet, IL 60432 | Full Service Cyber Office | $0 |
| First Midwest Bank | 212 W. Madison St. Waukegan, IL 60085 | Full Service B&M | $753,110 |
| First Midwest Bank | 220 West Main Street Morris, IL 60450 | Full Service B&M | $221,420 |
| First Midwest Bank | 224 North Main Street Seneca, IL 61360 | Full Service B&M | $54,949 |
| First Midwest Bank | 2290 Sycamore Road Dekalb, IL 60115 | Full Service B&M | $69,444 |
| First Midwest Bank | 230 West State Street Sycamore, IL 60178 | Full Service B&M | $273,818 |
| First Midwest Bank | 2301 N Cicero Avenue Chicago, IL 60639 | Full Service B&M | $66,614 |
| First Midwest Bank | 2400 West 95th Street Evergreen Park, IL 60805 | Full Service B&M | $119,881 |
| First Midwest Bank | 241 East Deerpath Lake Forest, IL 60045 | Full Service B&M | $83,712 |
| First Midwest Bank | 24509 West Lockport Street Plainfield, IL 60544 | Full Service B&M | $285,635 |
| First Midwest Bank | 2601 West Schaumburg Road Schaumburg, IL 60194 | Full Service B&M | $68,553 |
| First Midwest Bank | 2760 Route 34 Oswego, IL 60543 | Full Service B&M | $61,415 |
| First Midwest Bank | 2801 East 53rd Street Davenport, IA 52807 | Full Service B&M | $35,896 |
| First Midwest Bank | 2801 West Jefferson Street Joliet, IL 60435 | Full Service B&M | $152,531 |
| First Midwest Bank | 2806 North Vermilion Street Danville, IL 61832 | Full Service B&M | $52,452 |
| First Midwest Bank | 282 N Weber Road Bolingbrook, IL 60440 | Full Service B&M | $80,184 |
| First Midwest Bank | 2930 Ridge Road Highland, IN 46322 | Full Service B&M | $74,694 |
| First Midwest Bank | 300 N. Hunt Club Road Gurnee, IL 60031 | Full Service B&M | $259,806 |
| First Midwest Bank | 302 East Main Street Galesburg, IL 61401 | Full Service B&M | $91,213 |
| First Midwest Bank | 302 East Wells Street Milwaukee, WI 53202 | Full Service B&M | $0 |
| First Midwest Bank | 320 West Kimberly Road Davenport, IA 52806 | Full Service B&M | $78,784 |
| First Midwest Bank | 321 East Church Street Sandwich, IL 60548 | Full Service B&M | $67,526 |
| First Midwest Bank | 3220 W. 26th Street Chicago, IL 60623 | Full Service B&M | $56,326 |
| First Midwest Bank | 324 East Main Street Knoxville, IL 61448 | Full Service B&M | $41,217 |
| First Midwest Bank | 330 East Kilbourn Avenue Milwaukee, WI 53202 | Full Service B&M | $432,380 |
| First Midwest Bank | 3303 Sheridan Road Zion, IL 60099 | Full Service B&M | $153,444 |
| First Midwest Bank | 3540 Hobson Road Woodridge, IL 60517 | Full Service B&M | $79,237 |
| First Midwest Bank | 3737 West 147th Street Midlothian, IL 60445 | Full Service B&M | $102,672 |
| First Midwest Bank | 3747 N Clark Street Chicago, IL 60613 | Full Service Retail | $24,053 |
| 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 | $65,292 |
| First Midwest Bank | 4000 West North Avenue Chicago, IL 60639 | Full Service B&M | $240,731 |
| First Midwest Bank | 4001 West 95th Street Oak Lawn, IL 60453 | Full Service B&M | $210,465 |
| First Midwest Bank | 41 South Vail Ave Arlington Heights, IL 60005 | Full Service B&M | $119,187 |
| First Midwest Bank | 4101 West 183rd Street Country Club Hills, IL 60478 | Full Service B&M | $93,882 |
| First Midwest Bank | 4150 Kennedy Drive East Moline, IL 61244 | Full Service B&M | $49,590 |
| First Midwest Bank | 4753 Broadway Chicago, IL 60640 | Full Service B&M | $117,287 |
| First Midwest Bank | 506 15th Street Moline, IL 61265 | Full Service B&M | $348,220 |
| First Midwest Bank | 520 North Cass Avenue Westmont, IL 60559 | Full Service B&M | $125,248 |
| First Midwest Bank | 530 E. Washington Street Grayslake, IL 60030 | Full Service B&M | $80,659 |
| First Midwest Bank | 555 West Dundee Road Buffalo Grove, IL 60089 | Full Service B&M | $236,530 |
| First Midwest Bank | 5601 Monee Manhattan Rd. Ste. 111 Monee, IL 60449 | Full Service B&M | $94,519 |
| First Midwest Bank | 579 West Lincoln Highway Merrillville, IN 46410 | Full Service B&M | $69,138 |
| First Midwest Bank | 601 Pearson Drive Genoa, IL 60135 | Full Service B&M | $49,206 |
| First Midwest Bank | 6041 North Clark Street Chicago, IL 60660 | Full Service B&M | $75,399 |
| First Midwest Bank | 6603 Columbia Avenue Hammond, IN 46320 | Full Service B&M | $165,284 |
| First Midwest Bank | 6611 Kennedy Avenue Hammond, IN 46323 | Full Service B&M | $58,332 |
| First Midwest Bank | 7181 West Irving Park Road Chicago, IL 60634 | Full Service B&M | $206,911 |
| First Midwest Bank | 725 Waukegan Road Deerfield, IL 60015 | Full Service B&M | $260,021 |
| First Midwest Bank | 749 Lee Street Des Plaines, IL 60016 | Full Service B&M | $189,828 |
| First Midwest Bank | 750 Ridge Road Munster, IN 46321 | Full Service B&M | $145,440 |
| First Midwest Bank | 7540 West Capitol Drive Milwaukee, WI 53216 | Full Service B&M | $303,524 |
| First Midwest Bank | 7800 West 95th Street Hickory Hills, IL 60457 | Full Service B&M | $695,494 |
| First Midwest Bank | 7940 South Harlem Avenue Bridgeview, IL 60455 | Full Service B&M | $299,844 |
| First Midwest Bank | 800 South State Street Lockport, IL 60441 | Full Service B&M | $106,545 |
| First Midwest Bank | 812 West Springfield Champaign, IL 61820 | Full Service B&M | $116,118 |
| First Midwest Bank | 820 Joliet Street Dyer, IN 46311 | Full Service B&M | $139,424 |
| First Midwest Bank | 8501 West Higgins Road Chicago, IL 60631 | Full Service B&M | $632,888 |
| 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 | $107,978 |
| First Midwest Bank | 8750 W Bryn Mawr Ave, Ste 1300 Chicago, IL 60631 | Full Service B&M | $0 |
| First Midwest Bank | 915 West Glen Park Avenue Griffith, IN 46319 | Full Service B&M | $51,125 |
| First Midwest Bank | 930 North Main Street Elburn, IL 60119 | Full Service B&M | $47,589 |
| First Midwest Bank | 970 Brook Forest Ave Shorewood, IL 60431 | Full Service B&M | $94,643 |
| First Midwest Bank | 9700 West 131st Street Palos Park, IL 60464 | Full Service B&M | $102,968 |
| First Midwest Bank | 9800 Wicker Avenue Saint John, IN 46373 | Full Service B&M | $105,116 |
| First Midwest Bank | Depot Street Gardner, IL 60424 | Full Service B&M | $49,257 |
| First Midwest Bank | N Green Bay Road And Grand Avenue Waukegan, IL 60085 | Full Service B&M | $53,088 |
| First Midwest Bank | One West Roosevelt Road Villa Park, IL 60181 | Full Service B&M | $50,595 |
For 2021, First Midwest Bank had 109 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $603,900 |
| Net interest income | $579,254 |
| Total noninterest income | $178,955 |
| Gross Fiduciary activities income | $33,449 |
| Service charges on deposit accounts | $43,761 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $101,745 |
| Pre-tax net operating income | $315,624 |
| Securities gains (or losses, -) | $-276 |
| Income before extraordinary items | $232,382 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $232,382 |
| Minority interest net income | $0 |
| Net income | $232,382 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $232,600 |
First Midwest Bank's gross interest income from loans was $603,900,000.
First Midwest Bank's net interest income from loans was $579,254,000.
First Midwest Bank's fee based income from loans was $43,761,000.
First Midwest Bank's net income from loans was $232,382,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $24,646 |
| Provision for credit losses | $3,174 |
| Total noninterest expense | $439,411 |
| Salaries and employee benefits | $242,703 |
| Premises and equipment expense | $56,093 |
| Additional noninterest expense | $140,615 |
| Applicable income taxes | $82,966 |
| Net charge-offs | $40,954 |
| Cash dividends | $119,000 |
First Midwest Bank's interest expense for loans was $24,646,000.
First Midwest Bank's payroll and benefits expense were $242,703,000.
First Midwest Bank's property, plant and equipment expenses $56,093,000.
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 | 2.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 1.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| 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 | $17,578,256 |
| Deposits held in domestic offices | $17,578,256 |
| Deposits by Individuals, partnerships, and corporations | $15,796,963 |
| Deposits by U.S. Government | $21 |
| Deposits by States and political subdivisions in the U.S. | $1,742,323 |
| Deposits by Commercial banks and other depository institutions in U.S. | $38,949 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $9,602,922 |
| Demand deposits | $6,483,358 |
| Nontransaction accounts | $7,975,334 |
| Money market deposit accounts (MMDAs) | $3,406,272 |
| Other savings deposits (excluding MMDAs) | $2,854,612 |
| Total time deposits | $1,714,450 |
| Total time and savings deposits | $11,094,898 |
| Noninterest-bearing deposits | $6,450,523 |
| Interest-bearing deposits | $11,127,733 |
| Retail deposits | $17,196,563 |
| IRAs and Keogh plan accounts | $276,149 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $21,629,046 |
| Cash & Balances due from depository institutions | $2,119,072 |
| Interest-bearing balances | $1,898,865 |
| Total securities | $3,186,547 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $14,496,765 |
| Loan and leases loss allowance | $201,237 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $119,847 |
| Other real estate owned | $5,196 |
| Goodwill and other intangibles | $883,926 |
| All other assets | $817,693 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $21,629,046 |
| Total Liabilities | $19,150,012 |
| Total deposits | $17,578,256 |
| Interest-bearing deposits | $11,127,733 |
| Deposits held in domestic offices | $17,578,256 |
| % insured (estimated) | $55 |
| Federal funds purchased and repurchase agreements | $141,288 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,150,528 |
| Subordinated debt | $0 |
| All other liabilities | $279,940 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $14,496,765 |
| Loan and leases loss allowance | $201,237 |
| Total loans and leases (domestic) | $14,698,002 |
| All real estate loans | $9,253,942 |
| Real estate loans in domestic offices | $9,253,942 |
| Construction and development loans | $515,022 |
| Residential 1-4 family construction | $207,838 |
| Other construction, all land development and other land | $307,184 |
| Loans secured by nonfarm nonresidential properties | $3,136,804 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,531,817 |
| Commercial real estate & other non-farm, non-residential | $1,604,987 |
| Multifamily residential real estate | $1,328,930 |
| 1-4 family residential loans | $4,107,636 |
| Farmland loans | $165,550 |
| Loans held in foreign offices | $0 |
| Farm loans | $158,068 |
| Commercial and industrial loans | $4,259,134 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $555,567 |
| Credit card loans | $18 |
| Related Plans | $2,257 |
| Consumer Auto Loans | $49,032 |
| Other loans to individuals | $504,260 |
| All other loans & leases | $471,291 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $137,034 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $34,961 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $437 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Midwest Bank had $14,496,765,000 of loans outstanding in 2021. $9,253,942,000 of loans were in real estate loans. $515,022,000 of loans were in development loans. $1,328,930,000 of loans were in multifamily mortgage loans. $4,107,636,000 of loans were in 1-4 family mortgage loans. $158,068,000 of loans were in farm loans. $18,000 of loans were in credit card loans. $49,032,000 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 | 1,943 | $603,997 | $310,858 |
| Nonfarm, nonresidential loans - <$100k | 226 | $13,811 | $61,111 |
| Nonfarm, nonresidential loans - $100-250k | 563 | $76,060 | $135,098 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,154 | $514,126 | $445,516 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,296 | $553,524 | $167,938 |
| Commercial & Industrial, US addressed loans - <$100k | 1,390 | $70,652 | $50,829 |
| Commercial & Industrial, US addressed loans - $100-250k | 711 | $76,539 | $107,650 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,195 | $406,333 | $340,028 |
| Farmland loans - <$1MM | 155 | $24,184 | $156,026 |
| Farmland loans - <$100k | 46 | $2,076 | $45,130 |
| Farmland loans - $100-250k | 64 | $8,584 | $134,125 |
| Farmland loans - $250k-1MM | 45 | $13,524 | $300,533 |
| Agriculture operations loans - <$1MM | 299 | $34,995 | $117,040 |
| Agriculture operations loans - <$100k | 133 | $5,025 | $37,782 |
| Agriculture operations loans - $100-250k | 96 | $10,934 | $113,896 |
| Agriculture operations loans - $250k-1MM | 70 | $19,036 | $271,943 |