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Overview / Commentary
309-243-1000
10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in Peoria and is the 147th largest bank in the state of Illinois. It is also the 2,322nd largest bank in the nation. It was established in 1898 and as of December of 2016, it had grown to 58 employees at 7 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

Health Grade Components

Overall
FDIC Certificate #1808
Year Established1898
Employees58
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.93%
Annual Interest Income$8.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$279.7MM$269.8MM
LoansQ4 2016vs Q4 2015$177.3MM$163.4MM
DepositsQ4 2016vs Q4 2015$254.7MM$241.7MM
Equity CapitalQ4 2016vs Q4 2015$23.9MM$24.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.4MM$973.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$120.00K$1.6MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Better Banks Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kBetter Interest Checking
OTHER TIERS: 0.25% $10k+
Locations


Better Banks Locations
Better Banks10225 North Knoxville AvenuePeoria, IL 61615
Bartonville Facility1204 West Garfield AvenueBartonville, IL 61607
Farmers State Bank Branch122 West BroadwayAstoria, IL 61501
Wyoming Bank & Trust Company - Branch200 West Williams StreetWyoming, IL 61491
Bartonville Bank Branch5600 South Adams StreetBartonville, IL 61607
Dunlap Branch201 North 2nd StreetDunlap, IL 61525
900 North 4th Street Branch900 North Fourth StreetChillicothe, IL 61523