Better Banks

Overview / Commentary

www.betterbanks.com

309-243-1000

10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in Peoria and is the 127^th largest bank in the state of Illinois. It is also the 2,138^th largest bank in the nation. It was established in 1898 and as of December of 2020, it had grown to 68 employees at 8 locations. Better Banks has an A health rating.

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2010

10/25 - 2.75% Reward Checking Account (Up To $10K) At Better Banks In IL

Reviews (1)

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Must Be Qualified To Sell

Posted by: Nicoli Thompson | Apr 24, 2016

I tried to sell a rental property to an individual who was using Better Banks. Apparently it is policy to ask the seller for the sellers tax returns to see if the buyer is going to qualify to purchase the property. Even after being provided the traditional P&L, they still wanted information they weren't supposed to have. Very odd, beware!

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Health

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1808
Year Established	1898
Employees	68
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	10.02%
Annual Interest Income	$11.2MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$352.9MM$288.1MM
Loans	Q4 2020vs Q4 2019	$213.6MM$199.2MM
Deposits	Q4 2020vs Q4 2019	$319.1MM$257.3MM
Equity Capital	Q4 2020vs Q4 2019	$32.4MM$29.6MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$2.6MM$1.6MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$1.7MM$586.00K
Real Estate Owned	Q4 2020vs Q4 2019	$1.0MM$1.0MM

Rates

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CD

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Always verify rates and promotions with the bank or credit union. We are not Better Banks; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Better Banks Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	-	$10k	Better Interest Checking
OTHER TIERS: 0.25% → $10k+

Better Banks CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%	$1k	-	10 Month CD Special
0.35%	$1k	-	5 Month CD Special

Locations

Better Banks Locations
Better Banks	10225 North Knoxville Avenue	Peoria, IL 61615
Bartonville Facility	1204 West Garfield Avenue	Bartonville, IL 61607
Farmers State Bank Branch	122 West Broadway	Astoria, IL 61501
Wyoming Bank & Trust Company - Branch	200 West Williams Street	Wyoming, IL 61491
Bartonville Bank Branch	5600 South Adams Street	Bartonville, IL 61607
Dunlap Branch	201 North 2nd Street	Dunlap, IL 61525
900 North 4th Street Branch	900 North Fourth Street	Chillicothe, IL 61523
Morton Branch	805 West Jackson Street	Morton, IL 61550

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