Better Banks

Overview / Commentary
10225 North Knoxville Avenue
Peoria, IL 61615

Better Banks is headquartered in Peoria and is the 132nd largest bank in the state of Illinois. It is also the 2,274th largest bank in the nation. It was established in 1898 and as of December of 2019, it had grown to 69 employees at 8 locations. Better Banks has a B+ 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 - YTD0.91%
Return on Equity - YTD9.54%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$288.1MM$299.6MM
LoansQ4 2019vs Q4 2018$199.2MM$202.8MM
DepositsQ4 2019vs Q4 2018$257.3MM$272.5MM
Equity CapitalQ4 2019vs Q4 2018$29.6MM$26.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.6MM$1.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$586.00K$171.00K
Real Estate OwnedQ4 2019vs Q4 2018$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 Checking Account Rates

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

Better Banks CD Rates

0.45%$1k-10 Month CD Special
0.35%$1k-5 Month CD Special

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
Morton Branch805 West Jackson StreetMorton, IL 61550

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