First Mid Bank & Trust, National Association

1515 Charleston Avenue
Mattoon, IL 61938

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3705
Date Established 1865
Assets $3.81 billion
Loans $2.52 billion
Deposits $3.04 billion
Capital $0.50 billion

First Mid Bank & Trust, National Association is an FDIC insured institution located in Mattoon, IL. It was founded in 1865 and has approximately $3.81 billion in assets. Customers can open an account at one of its 52 branches.

For a more detailed analysis of First Mid Bank & Trust, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.07% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 - Learn MoreShow Less
Premium Money Market Account
0.15% $1 $14,999 Learn MoreShow Less
Premium Money Market Account
0.20% $15,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.20% $1,000 - Learn MoreShow Less
18 Mo CD
0.25% $1,000 - Learn MoreShow Less
24 Mo CD
0.40% $1,000 - Learn MoreShow Less
30 Mo CD
0.40% $1,000 - Learn MoreShow Less
36 Mo CD
0.65% $1,000 - Learn MoreShow Less
48 Mo CD
0.90% $1,000 - Learn MoreShow Less
60 Mo CD
1.15% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $2,499 Learn MoreShow Less
Int Ckg
0.03% $2,500 $9,999 Learn MoreShow Less

Loan Rates - October 15, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Mid Bank & Trust, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Mid Bank & Trust, National Association Locations


Financial Details

First Mid Bank & Trust, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Mid Bank & Trust, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Mid Bank & Trust, National Association U.S. Bank Average
5.08% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, First Mid Bank & Trust, National Association had $22,994,000 in non-current loans and $3,569,000 in owned real estate. To cover these potential losses it had $496,454,000 in equity and $26,359,000 in loans loss reserves. That gives it a Texas Ratio of 5.08%.

Return on Equity
First Mid Bank & Trust, National Association U.S. Bank Average
9.32% 9.50%

First Mid Bank & Trust, National Association has a Return on Equity of 9.32% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Mid Bank & Trust, National Association U.S. Bank Average
13.02% 12.76%

First Mid Bank & Trust, National Association has a Capitalization of 13.02% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Mid Bank & Trust, National Association Balance Sheet Analysis

As of June 30, 2019, First Mid Bank & Trust, National Association had assets of $3,813,479,000, loans of $2,520,184,000, and deposits of $3,040,478,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.17 billion
Interest-bearing balances $0.07 billion
Total securities $0.83 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.52 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.12 billion
All other assets $0.10 billion
     Total Assets $3.32 billion
LIABILITIES
Total deposits $3.04 billion
      Interest-bearing deposits $2.41 billion
      Deposits held in domestic offices $3.04 billion
      % insured (estimated) 81.88%
Federal funds purchased and repurchase agreements $0.15 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.11 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $3.32 billion
      Shareholders’ Equity $0.50 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.08 billion
Total Interest Expense $0.01 billion
Net interest income $0.06 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

The top three loan types in First Mid Bank & Trust, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, First Mid Bank & Trust, National Association has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.09
Multifamily
Mortgages
6.65
Credit Card Loans 0.00
Consumer Auto Loans 1.84
Small Business Loans 7.05
Construction and Development Loans 2.26
Commercial Real Estate 35.26
Commercial and Industrial Loans 21.05
Farm Loans 4.69

Frequently Asked Questions About First Mid Bank & Trust, National Association

Branches and Savings

Is First Mid Bank & Trust, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #3705.

Why does First Mid Bank & Trust, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Mid Bank & Trust, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Mid Bank & Trust, National Association a commercial bank?

Yes

Where are First Mid Bank & Trust, National Association locations?

See branch locations nearby.

Is First Mid Bank & Trust, National Association open on Saturdays?

Is First Mid Bank & Trust, National Association open on Sundays?

What time does First Mid Bank & Trust, National Association open?

What time does First Mid Bank & Trust, National Association close?

Are First Mid Bank & Trust, National Association ATMs Open 24/7?

Do First Mid Bank & Trust, National Association ATMs accept cash deposits?

Can First Mid Bank & Trust, National Association customers use other ATMs?

Do First Mid Bank & Trust, National Association branches have notaries?

Will First Mid Bank & Trust, National Association notarize my document?

What address for First Mid Bank & Trust, National Association should I put for incoming ACH transfers?

Will the First Mid Bank & Trust, National Association branch print checks?

Do First Mid Bank & Trust, National Association checks expire?

Does First Mid Bank & Trust, National Association require US citizenship to open account?

Can First Mid Bank & Trust, National Association close my account?

Does First Mid Bank & Trust, National Association Report to credit bureaus?

Does First Mid Bank & Trust, National Association Use Equifax?

What is First Mid Bank & Trust, National Association's ACH Routing Number?

What is First Mid Bank & Trust, National Association's SWIFT code?

Products

Does First Mid Bank & Trust, National Association offer mortgages?

Compare mortgage rates here.

Does First Mid Bank & Trust, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Mid Bank & Trust, National Association offer personal loans?

Compare personal loan rates here.

Does First Mid Bank & Trust, National Association offer student loans?

Will First Mid Bank & Trust, National Association cash a check?

Will First Mid Bank & Trust, National Association redeem a savings bond?

Does First Mid Bank & Trust, National Association cash savings bonds?

Will First Mid Bank & Trust, National Association cash money orders?

Can First Mid Bank & Trust, National Association issue a money order?

Does First Mid Bank & Trust, National Association do currency exchange?

Background on The Bank

Who owns First Mid Bank & Trust, National Association?

How long has First Mid Bank & Trust, National Association been around?

Can First Mid Bank & Trust, National Association transfer to other banks?

Does First Mid Bank & Trust, National Association have quick pay?

Does First Mid Bank & Trust, National Association accept rolled coins?

Will First Mid Bank & Trust, National Association accept loose change?

Where is First Mid Bank & Trust, National Association headquarters?

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