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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 221st largest bank in the nation. It was established in 1865 and as of March of 2023, it had grown to 847 employees at 71 locations. First Mid's money market rates are 14% higher than the national average, and it has an A health rating.

Reviews (2)

Amazing Service

Posted by: |

I am impressed with the professionalism of the bank, the friendly staff, and their ability to offer banking products that meet my needs. I have a savings account, a business checking account, and a credit card through First-Mid and I plan on using them for all my banking needs. I was sold when I walked in a branch and tellers greeted customers by name.

1

First Mid Review

Posted by: |

First of all, My mother is a customer there. After having over 2000 in fraudulent charges, The bank accused her of making the charges. Then we were able to prove it was fraud. Now the bank refuses to issue her a new debit card. They canceled a transfer of funds from her acct. to her other bank account here where she lives now. I give them an overall review and rating of 0

2


Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3705
Year Established1865
Employees847
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD9.4%
Annual Interest Income$63.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$6.65B$5.87B
LoansQ1 2023vs Q1 2022$4.70B$3.97B
DepositsQ1 2023vs Q1 2022$5.08B$4.97B
Equity CapitalQ1 2023vs Q1 2022$709.8MM$620.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$58.2MM$55.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$12.3MM$17.1MM
Real Estate OwnedQ1 2023vs Q1 2022$4.0MM$4.8MM
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
0.05%$100-Retail Savings

First Mid Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Retail Prime First Money Management
OTHER TIERS: 0.15% → Up to $15k | 0.20% → $15k - $100k
0.10%*$10k*-Retail Money Market
OTHER TIERS: 0.07% → Up to $10k

First Mid Checking Account Rates

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

First Mid CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Champaign Area

Interactive local rates map


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