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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 151st largest bank in the state of Illinois. It is also the 2,360th largest bank in the nation. It was established in 1898 and as of June of 2016, it had grown to 65 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
A

Health Grade Components

Overall
FDIC Certificate #1808
Year Established1898
Employees65
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD9.62%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$274.4MM$260.5MM
LoansQ2 2016vs Q2 2015$173.6MM$147.5MM
DepositsQ2 2016vs Q2 2015$248.3MM$229.7MM
Equity CapitalQ2 2016vs Q2 2015$25.0MM$23.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.2MM$1.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$51.00K$594.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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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