First Mid is headquartered in MATTOON and is the 9th largest bank in the state of Illinois. It is also the 207th largest bank in the nation. It was established in 1865 and as of September of 2024, it had grown to 1,034 employees at 81 locations. First Mid's money market rates are 8X the national average, and it boasts an A+ health rating.
Just Awful.
Rude personnel in smaller communities- they talk down to you.
Incompetence on so many levels it’s min blowing. They told me that I couldn’t open a business account with my Delaware corporation. They try to get me to leave my corporate binder there and get back with me after they had time to review. You never leave your corporate find her behind anywhere except with your attorney. Turns out it was a secret none process. By then - 2 months later- I’d gone elsewhere.
Instead of depositing a large sum, they ran me in the negative - caused NSF’s and declined transactions. Large deposits - because of the nature of their bank, can take 2 weeks to process and release those funds.
They have no pinpad for cash advances on credit cards.
I could go on and on but you get the picture.
Moving all of my accounts and family accounts ASAP.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3705 |
| Year Established | 1865 |
| Employees | 1034 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 8.48% |
| Annual Interest Income | $267.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $7.51B$6.63B |
| Loans | Q3 2024vs Q3 2023 | $5.55B$4.74B |
| Deposits | Q3 2024vs Q3 2023 | $6.12B$5.06B |
| Equity Capital | Q3 2024vs Q3 2023 | $897.6MM$657.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $68.8MM$59MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $15.9MM$14.4MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $1.8MM$2.3MM |
