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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 138th largest bank in the state of Illinois. It is also the 2,208th largest bank in the nation. It was established in 1898 and as of March of 2018, it had grown to 68 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

Health Grade Components

Overall
FDIC Certificate #1808
Year Established1898
Employees68
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD7.76%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$296.8MM$283.3MM
LoansQ1 2018vs Q1 2017$194.6MM$176.7MM
DepositsQ1 2018vs Q1 2017$271.3MM$258.4MM
Equity CapitalQ1 2018vs Q1 2017$24.6MM$23.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.4MM$1.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.4MM$187.00K
Real Estate OwnedQ1 2018vs Q1 2017$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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$100-Regular Savings

Better Banks Checking Account Rates

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

Better Banks CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%$1k-25 Month CD
1.05%$1k-15 Month CD
0.80%$1k-60 Month CD
0.17%$1k-12 Month CD
0.10%$1k-6 month CD
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
Morton Branch805 West Jackson StreetMorton, IL 61550

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