Better Banks is headquartered in PEORIA and is the 110th largest bank in the state of Illinois. It is also the 1,913th largest bank in the nation. It was established in 1898 and as of March of 2023, it had grown to 82 employees at 10 locations. Better Banks has a B health rating.
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!
Overall | |
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FDIC Certificate # | 1808 |
Year Established | 1898 |
Employees | 82 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.79% |
Return on Equity - YTD | 15.64% |
Annual Interest Income | $3.9MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $441.7MM$385.5MM |
Loans | Q1 2023vs Q1 2022 | $259.8MM$239.2MM |
Deposits | Q1 2023vs Q1 2022 | $417.2MM$359.4MM |
Equity Capital | Q1 2023vs Q1 2022 | $22.7MM$24.8MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $4.0MM$3.1MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.1MM$2.0MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $1.0MM$1.0MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.05% | - | - | Better Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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3.00%* | - | $10k | Better Interest Checking | ||
OTHER TIERS: 0.25% → $10k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.03% | $1k | - | 8 Month CD Special | |
3.03% | $1k | - | 91 Day CD Special |
Astoria Branches | ||
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Farmers State Bank Branch | 122 West Broadway | Astoria, IL 61501 |
Bartonville Branches | ||
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Bartonville Facility | 1204 West Garfield Avenue | Bartonville, IL 61607 |
Bartonville Bank Branch | 5600 South Adams Street | Bartonville, IL 61607 |
Chillicothe Branches | ||
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900 North 4th Street Branch | 900 North Fourth Street | Chillicothe, IL 61523 |
Dunlap Branches | ||
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Dunlap Branch | 201 North 2nd Street | Dunlap, IL 61525 |
Glasford Branches | ||
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Glasford Main Branch | 305 W Main St | Glasford, IL 61533 |
Mapleton Branches | ||
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Mapleton Branch | 10045 West Lancelot Drive | Mapleton, IL 61547 |
Morton Branches | ||
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Morton Branch | 805 West Jackson Street | Morton, IL 61550 |
Peoria Branches | ||
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Better Banks | 10225 N Knoxville Ave | Peoria, IL 61615 |
Wyoming Branches | ||
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Wyoming Bank & Trust Company - Branch | 200 West Williams Street | Wyoming, IL 61491 |