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1201 Network Centre Drive
Effingham, IL 62401

Midland States Bank is headquartered in Effingham and is the 20th largest bank in the state of Illinois. It is also the 404th largest bank in the nation. It was established in 1881 and as of June of 2014, it had grown to 435 employees at 35 locations. Midland States Bank has a A health rating.

Reviews (2)

Bad Midland Experiences

My husband and I have struggled along with this bank for far too long.  I am about to move all of our accounts, adding to the amazing decrease in deposits I see that they have had.  Here are a few reasons why:  rude tellers, changing current accounts from one type to another, with increased rates and fees, mistakes for which they were unapologetic.  I was coming in to transfer money from one account to another because I hadn't ordered checks for the one account.  One day I got two pads of checks in the mail and my account was charged $20 for them.  For TWO pads of checks!  Obviously whomever ordered them without our knowledge or permission, ordered the most expensive ones available.  The final straw was the third time we were charged overdraft fees when our account was not overdrawn.  I called the main bank instead of our branch.  After I explained the situation, the lady who answered my call said she would have to check into it and get back to me even though she could clearly see online that my account was never in the negative.  She called back and stumble, mumbled around trying to defend the charges, saying something about a debit for gas that the seller had reserved twice before it was hardposted.  The problem was, that debit was made on the same day as a large deposit.  I really couldn't believe my ears.  Were they really doing this?!  We called our branch (we've learned who to talk to there and who not to) and were told that there were problems with the software (which they have just changed) and she immediately refunded the charges.  These people don't care about the "little" depositors.  No more Midland States Bank headaches for me.

Advertised The Use Of Charitable Trust Funds To Give The Impression It Was A Corporate Sponsorship

Was at a charity banquet in Rockford in the Spring and when I opened the program their was a full page ad promoting a gift from a Charitable Trust from their trust department with a giant logo and advertising how theiy were the trustee's and how great they were.  All the fat cats in  the Trust department got a sponsors table, etc. 

The only thing was, the money came from the one of trust funds, not the Bank!!  I can imagine the gall.  If it were my family charitable trust why would I want the bank hogging the glory.  They didn't donate any money to the charity, they just showed up for the fancy dinner!!

Guess thats what you can expect from a podunk bank.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Midland States Bank had $20.35 million in non-current loans and owned real-estate with $191.98 million in equity and loan loss allowances on hand to cover it. This gives Midland States Bank a Texas Ratio of 10.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Midland States Bank decreased slightly from 12.91% as of June 30, 2013 to 10.60% as of June 30, 2014, resulting in a positive change of 17.93%.This indicates that the balance sheet and financial strength for Midland States Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Midland States Bank has increased its total deposits by $87.43 million, resulting in 6.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Midland States Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Midland States Bank has $1.75 billion in assets with $191.98 million in equity, resulting in a capitalization level of 10.98%, which is above average.

Institution Statistics

FDIC Certificate #1040
Year Established1881
Primary RegulatorFED
Assets and Liabilities
Assets$1.75 billion
Loans$1.19 billion
Deposits$1.45 billion
Equity Capital$178.03 million
Loan Loss Allowance$13.95 million
Unbacked Noncurrent Loans$14.29 million
Real Estate Owned$6.06 million
Historic Data - June 2013
Assets$1.67 billion
Equity Capital$164.61 million
Loan Loss Allowance$25.52 million
Unbacked Noncurrent Loans$14.29 million
Real Estate Owned$8.27 million
Profit Margin - Quarterly
Return on Assets0.93%
Return on Equity9.08%
Interest Income$36.61 million

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Midland States Bank has 34 locations. Click to view all Midland States Bank locations.