Better Banks


Overview / Commentary
309-272-1000
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 1,909th largest bank in the nation. It was established in 1898 and as of June of 2022, it had grown to 82 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

Health Grade Components

Overall
FDIC Certificate #1808
Year Established1898
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD13.42%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$439.5MM$380.3MM
LoansQ2 2022vs Q2 2021$262.7MM$224.0MM
DepositsQ2 2022vs Q2 2021$415.4MM$346.6MM
Equity CapitalQ2 2022vs Q2 2021$22.6MM$32.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.5MM$2.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.2MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$1.0MM$1.0MM
Rates
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Better Banks Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Better Savings

Better Banks Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%-$10kBetter Interest Checking

Better Banks CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-15 Month CD Special
0.50%$1k-8 Month CD Special
Locations


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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