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First Mid


Overview / Commentary
www.firstmid.com
217-234-7454
1515 Charleston Avenue
Mattoon, IL 61938

First Mid is headquartered in MATTOON and is the 9th largest bank in the state of Illinois. It is also the 206th largest bank in the nation. It was established in 1865 and as of June of 2024, it had grown to 1,026 employees at 81 locations. First Mid's money market rates are 8X the national average, and it boasts an A+ health rating.

Reviews (1)

Just Awful.

Posted by: |

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.

1


Health
A+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3705
Year Established1865
Employees1026
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD8.55%
Annual Interest Income$176.2MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$7.53B$6.65B
LoansQ2 2024vs Q2 2023$5.49B$4.75B
DepositsQ2 2024vs Q2 2023$6.16B$5.26B
Equity CapitalQ2 2024vs Q2 2023$867.5MM$703.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$68.3MM$58.7MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$15.9MM$15.9MM
Real Estate OwnedQ2 2024vs Q2 2023$1.5MM$4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Mid; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Mid Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%$1-High Yield Savings Account Via Raisin
0.05%$100-Retail Savings

First Mid Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.56%$1-Money Market Account Via Raisin
0.25%*$15k*-Retail Prime First Money Management
OTHER TIERS: 0.15% → $0 - $15k
0.10%*$10k*-Retail Money Market
OTHER TIERS: 0.07% → $0 - $10k

First Mid Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$0-Premier Checking
0.01%$0-Classic Checking
0.01%$0-Interest Checking

First Mid CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-4 Month Add On CD Special
4.08%$1-9 Month High Yield CD Via Raisin
3.50%$1k-11 Month Add On CD Special
1.15%$1k- 60 Month CD
0.90%$1k-48-59 Month CD
0.65%$1k-36-47 Month CD
0.50%$1k- 24-35 MonthCD
0.45%$1k-18-23 Month CD
0.40%$1k-12-17 Month CD
0.30%$1k-91-181 Day CD
0.30%$1k-182-364 Day CD

First Mid IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500- 60 Month IRA
0.90%$500-48-59 Month IRA
0.65%$500-36-47 Month IRA
0.50%$500- 24-35 Month IRA
0.45%$500-18-23 Month IRA
0.40%$500-12-17 Month IRA
Locations

Availability



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