Midland States Bank

1201 Network Centre Drive
Effingham, IL 62401

Notable Rates APY Vs.Others
Savings 0.10% 2.30% →
1-Year CD 1.15% 2.25% →
2-Year CD 1.30% 2.50% →
5-Year CD 1.82% 2.80% →
30-Year Mortgage 3.69% 3.31% →
15-Year Mortgage 3.11% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Midland States Bank is an FDIC insured institution located in Effingham, IL. It was founded in 1881 and has approximately $5.54 billion in assets. Customers can open an account at one of its 72 branches.

FDIC Insured Yes
FDIC Certificate # 1040
Date Established 1881
Assets $5.54 billion
Loans $4.07 billion
Deposits $4.04 billion
Capital $0.78 billion

For a more detailed analysis of Midland States Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 10, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.07% $1 $24,999 Learn MoreShow Less
Money Market
0.23% $25,000 $249,999 Learn MoreShow Less
3 Mo CD
0.80% $500 - Learn MoreShow Less
6 Mo CD
0.85% $500 - Learn MoreShow Less
12 Mo CD
1.15% $500 - Learn MoreShow Less
18 Mo CD
1.26% $500 - Learn MoreShow Less
24 Mo CD
1.30% $500 - Learn MoreShow Less
30 Mo CD
1.35% $500 - Learn MoreShow Less
36 Mo CD
1.50% $500 - Learn MoreShow Less
48 Mo CD
1.62% $500 - Learn MoreShow Less
60 Mo CD
1.82% $500 - Learn MoreShow Less

Fixed IRA
1.15% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.10% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1 $49,999 Learn MoreShow Less

Loan Rates - December 10, 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.


Midland States Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Midland States Bank Locations

Financial Details

Midland States Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midland States Bank. 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
Midland States Bank U.S. Bank Average
6.63% 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, Midland States Bank had $49,725,000 in non-current loans and $3,797,000 in owned real estate. To cover these potential losses it had $781,738,000 in equity and $25,925,000 in loans loss reserves. That gives it a Texas Ratio of 6.63%.

Return on Equity
Midland States Bank U.S. Bank Average
8.68% 9.50%

Midland States Bank has a Return on Equity of 8.68% 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.

Midland States Bank U.S. Bank Average
14.11% 12.76%

Midland States Bank has a Capitalization of 14.11% 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.

Midland States Bank Balance Sheet Analysis

As of June 30, 2019, Midland States Bank had assets of $5,538,807,000, loans of $4,069,745,000, and deposits of $4,038,071,000. 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
Cash & Balances due from depository institutions $0.24 billion
Interest-bearing balances $0.17 billion
Total securities $0.61 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $4.07 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 $0.25 billion
All other assets $0.26 billion
     Total Assets $4.76 billion
Total deposits $4.04 billion
      Interest-bearing deposits $3.11 billion
      Deposits held in domestic offices $4.04 billion
      % insured (estimated) 72.97%
Federal funds purchased and repurchase agreements $0.11 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.55 billion
Subordinated debt $0.00 billion
All other liabilities $0.05 billion
      Total Liabilities $4.76 billion
      Shareholders’ Equity $0.78 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.12 billion
Total Interest Expense $0.02 billion
Net interest income $0.10 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.04 billion
Total non interest expense $0.08 billion
Pre-tax Net Operating Income $0.04 billion

Bank Loan Profile?

The top three loan types in Midland States Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Midland States Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.75
Credit Card Loans 0.02
Consumer Auto Loans 1.59
Small Business Loans 5.15
Construction and Development Loans 6.15
Commercial Real Estate 30.04
Commercial and Industrial Loans 16.52
Farm Loans 1.61

Frequently Asked Questions About Midland States Bank

Branches and Savings

Is Midland States Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1040.

Why does Midland States Bank pay such low interest on savings accounts?

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

Why are Midland States Bank CD rates not competitive?

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

Is Midland States Bank a commercial bank?


Where are Midland States Bank locations?

See branch locations nearby.

Is Midland States Bank open on Saturdays?

Is Midland States Bank open on Sundays?

What time does Midland States Bank open?

What time does Midland States Bank close?

Are Midland States Bank ATMs Open 24/7?

Do Midland States Bank ATMs accept cash deposits?

Can Midland States Bank customers use other ATMs?

Do Midland States Bank branches have notaries?

Will Midland States Bank notarize my document?

What address for Midland States Bank should I put for incoming ACH transfers?

Will the Midland States Bank branch print checks?

Do Midland States Bank checks expire?

Does Midland States Bank require US citizenship to open account?

Can Midland States Bank close my account?

Does Midland States Bank Report to credit bureaus?

Does Midland States Bank Use Equifax?

What is Midland States Bank's ACH Routing Number?

What is Midland States Bank's SWIFT code?


Does Midland States Bank offer mortgages?

Compare mortgage rates here.

Does Midland States Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midland States Bank offer personal loans?

Compare personal loan rates here.

Does Midland States Bank offer student loans?

Will Midland States Bank cash a check?

Will Midland States Bank redeem a savings bond?

Does Midland States Bank cash savings bonds?

Will Midland States Bank cash money orders?

Can Midland States Bank issue a money order?

Does Midland States Bank do currency exchange?

Background on The Bank

Who owns Midland States Bank?

How long has Midland States Bank been around?

Can Midland States Bank transfer to other banks?

Does Midland States Bank have quick pay?

Does Midland States Bank accept rolled coins?

Will Midland States Bank accept loose change?

Where is Midland States Bank headquarters?

Customer Reviews for Midland States Bank

  • July 13, 2019 |

    Research other banks for best currency exchange rates. I was charged $15 for delivery fee in addition to the currency exchange rate. I have 2 accounts with the bank. Found out later that other banks do not charge a delivery fee if accept a 3-5 day delivery. Only charge delivery fee if you want overnight. I wasn’t offered that option.

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