Midwest Bank (IL)

Overview / Commentary
200 East Broadway
Monmouth, IL 61462

Midwest Bank (IL) is headquartered in Monmouth and is the 78th largest bank in the state of Illinois. It is also the 1,391st largest bank in the nation. It was established in 1870 and as of March of 2022, it had grown to 128 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 - YTD0.79%
Return on Equity - YTD7.54%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$650.6MM$617.6MM
LoansQ1 2022vs Q1 2021$316.6MM$327.7MM
DepositsQ1 2022vs Q1 2021$531.7MM$483.9MM
Equity CapitalQ1 2022vs Q1 2021$62.2MM$69.6MM
Loan Loss AllowanceQ1 2022vs Q1 2021$4.2MM$4.1MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$4.0MM$3.6MM
Real Estate OwnedQ1 2022vs Q1 2021$12.00K$917.00K

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Midwest Bank (IL) Locations
Midwest Bank Of Western Illinois200 E 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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