Better Banks

Overview / Commentary
10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in PEORIA and is the 107th largest bank in the state of Illinois. It is also the 1,886th largest bank in the nation. It was established in 1898 and as of June of 2023, it had grown to 78 employees at 10 locations. Better Banks has a B health rating.

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 - YTD0.73%
Return on Equity - YTD14.51%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$451.1MM$439.5MM
LoansQ2 2023vs Q2 2022$265.2MM$262.7MM
DepositsQ2 2023vs Q2 2022$426.2MM$415.4MM
Equity CapitalQ2 2023vs Q2 2022$22.7MM$22.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$4.0MM$3.5MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.7MM$2.2MM
Real Estate OwnedQ2 2023vs Q2 2022$1.0MM$1.0MM
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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 Savings Account Rates

0.10%--Better Savings

Better Banks Checking Account Rates

3.00%*-$10kBetter Interest Checking
OTHER TIERS: 0.25% $10k+

Better Banks CD Rates

4.55%$1k- 13 Month CD Special
4.03%$1k-8 Month CD Special
3.03%$1k-91 Day CD Special

Cities: Astoria, Bartonville, Chillicothe, Dunlap, Glasford, Mapleton, Morton, Peoria, Wyoming

Astoria Branches
Farmers State Bank Branch122 West BroadwayAstoria, IL 61501

Bartonville Branches
Bartonville Facility1204 West Garfield AvenueBartonville, IL 61607
Bartonville Bank Branch5600 South Adams StreetBartonville, IL 61607

Chillicothe Branches
900 North 4th Street Branch900 North Fourth StreetChillicothe, IL 61523

Dunlap Branches
Dunlap Branch201 North 2nd StreetDunlap, IL 61525

Glasford Branches
Glasford Main Branch305 W Main StGlasford, IL 61533

Mapleton Branches
Mapleton Branch10045 West Lancelot DriveMapleton, IL 61547

Morton Branches
Morton Branch805 West Jackson StreetMorton, IL 61550

Peoria Branches
Better Banks10225 N Knoxville AvePeoria, IL 61615

Wyoming Branches
Wyoming Bank & Trust Company - Branch200 West Williams StreetWyoming, IL 61491

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