Midwest Bank (IL)

Overview / Commentary
200 East Broadway
Monmouth, IL 61462

Midwest Bank (IL) is headquartered in Monmouth and is the 80th largest bank in the state of Illinois. It is also the 1,422nd largest bank in the nation. It was established in 1870 and as of June of 2021, it had grown to 129 employees at 8 locations. Midwest Bank (IL) has an A+ health rating.


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Health Grade Components

FDIC Certificate #3711
Year Established1870
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD7.41%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$634.3MM$545.3MM
LoansQ2 2021vs Q2 2020$316.4MM$323.3MM
DepositsQ2 2021vs Q2 2020$508.8MM$414.0MM
Equity CapitalQ2 2021vs Q2 2020$71.7MM$68.0MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.6MM$3.6MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$4.8MM$9.8MM
Real Estate OwnedQ2 2021vs Q2 2020$781.00K$816.00K

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Midwest Bank (IL) Locations
Midwest Bank Of Western Illinois200 East BroadwayMonmouth, IL 61462
Mercer County Banking Center200 Se 13th Avenue CtAledo, IL 61231
Seminary Banking Center Branch2558 North Seminary StGalesburg, IL 61401
Galesburg Banking Center Branch612 W Main StGalesburg, IL 61401
Oquawka Banking CenterSixth and Schuyler StreetsOquawka, IL 61469
Andalusia Branch601 8th Street EastAndalusia, IL 61232
Moline Branch3907 16th StreetMoline, IL 61265
East Peoria Branch300 East Washington StreetEast Peoria, IL 61611

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