Midwest Bank (IL)

Overview / Commentary
200 East Broadway
Monmouth, IL 61462

Midwest Bank (IL) is headquartered in Monmouth and is the 81st largest bank in the state of Illinois. It is also the 1,439th largest bank in the nation. It was established in 1870 and as of March of 2021, it had grown to 125 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 - YTD6.72%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$617.6MM$511.8MM
LoansQ1 2021vs Q1 2020$327.7MM$309.7MM
DepositsQ1 2021vs Q1 2020$483.9MM$390.4MM
Equity CapitalQ1 2021vs Q1 2020$69.6MM$62.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$4.1MM$3.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$3.6MM$10.0MM
Real Estate OwnedQ1 2021vs Q1 2020$917.00K$1.7MM

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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 West Main StreetGalesburg, 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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