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10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in Peoria and is the 141st largest bank in the state of Illinois. It is also the 2,315th largest bank in the nation. It was established in 1898 and as of March of 2017, it had grown to 67 employees at 8 locations. Better Banks has an A health rating.

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Reviews (1)

Must Be Qualified To Sell

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!


Health Grade Components

FDIC Certificate #1808
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD7.51%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$283.3MM$270.4MM
LoansQ1 2017vs Q1 2016$176.7MM$168.8MM
DepositsQ1 2017vs Q1 2016$258.4MM$245.1MM
Equity CapitalQ1 2017vs Q1 2016$23.9MM$24.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.4MM$1.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$187.00K$517.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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Better Banks Checking Account Rates

2.00%*-$10kBetter Interest Checking
OTHER TIERS: 0.25% $10k+

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