Midland States Bank
Effingham, Illinois, Effingham County
$6.7B in total assets, the 239th largest of 4,309 US banks and 13th of 328 headquartered in Illinois.
- FDIC certificate
- 1040
- Established
- 1881
- Owned by
- Midland States Bcorp Inc
- Primary regulator
- FED
- Website
- www.midlandsb.com
At a glance
Compared with 50 banks headquartered in Illinois with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $6.7B | 84% | $2.7B | |
| Loans | $4.3B | 84% | $2.0B | |
| Deposits | $5.7B | 90% | $2.3B | |
| Return on assets | 0.75% | 12% | 1.42% | |
| Net interest margin | 4.01% | 71% | 3.53% | |
| Efficiency ratio | 59.8% | 67% | 51.0% | |
| Equity to assets | 9.16% | 35% | 10.00% | |
| Loans to deposits | 74% | 10% | 87% |
Growth
Total assets grew 0.2% a year over the last 5 years and 8.3% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2019 | HomeStar Bank and Financial Services Manteno, IL, an affiliate under the same holding company | $397M |
| Jul 2018 | Alpine Bank & Trust Co. Rockford, IL, an affiliate under the same holding company | $1.3B |
| Sep 2017 | Centrue Bank Streator, IL, an affiliate under the same holding company | $1.0B |
| Mar 2015 | Heartland Bank Saint Louis, MO, an affiliate under the same holding company | $911M |
| Jun 2013 | The First National Bank of Grant Park Grant Park, IL | $110M |
| Oct 2010 | Westbridge Bank and Trust Chesterfield, MO | $88M |
| May 2009 | Strategic Capital Bank Champaign, IL | $547M |
| Feb 2009 | Commercial State Bank of Waterloo Waterloo, IL | $113M |
| Jan 2004 | Sun Security Bank of America Ellington, MO | $228M |
| Jul 2000 | Centralia Savings Bank Centralia, IL | $49M |
| Aug 1999 | State Bank of Farina Farina, IL, an affiliate under the same holding company | $29M |
Where they operate
58 branches in 23 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Winnebago County, IL | $954M | 11.6% | 3 of 18 |
| Kankakee County, IL | $900M | 31.7% | 1 of 13 |
| Effingham County, IL | $823M | 31.9% | 1 of 11 |
| St. Charles County, MO | $559M | 5.6% | 4 of 35 |
| Lasalle County, IL | $332M | 8.1% | 3 of 22 |
| Will County, IL | $305M | 1.3% | 11 of 34 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 9 branches since 2016 (49 to 58, +18.4%). 3 opened, 40 acquired, 34 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 49 | |||
| 2017 | Acquired Centrue BankOpened Saint Louis, closed 11 in 2 states | 20 | 11 | +9 | 58 |
| 2018 | Acquired Alpine Bank & Trust Co.Closed Denver and Rockford | 17 | 2 | +15 | 73 |
| 2019 | Acquired HomeStar Bank and Financial ServicesClosed 3 in Illinois | 4 | 3 | +1 | 74 |
| 2020 | Closed 15 in Illinois | 0 | 15 | −15 | 59 |
| 2021 | Closed Mendota | 0 | 1 | −1 | 58 |
| 2022 | Opened Mokena | 1 | 0 | +1 | 59 |
| 2023 | Opened SterlingClosed Sterling | 1 | 1 | 0 | 59 |
| 2025 | Closed Belvidere | 0 | 1 | −1 | 58 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 42% | 28% | |
| Business (C&I) | 20% | 26% | |
| 1-4 family residential | 10% | 14% | |
| Multifamily | 9% | 9% | |
| Construction and land | 6% | 7% | |
| Consumer | 2% | 6% | |
| Farmland | 1% | 3% | |
| Agricultural | 1% | 2% | |
| Other | 10% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 70% | 55% | |
| Noninterest-bearing | 18% | 21% | |
| Time deposits | 13% | 25% |
Brokered deposits are 0.4% of deposits (peers 8.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.37% | 0.49% |
| Net charge-offs, annualized | 0.89% | 0.07% |
| Reserves to loans | 1.47% | 1.07% |
| Leverage ratio | 10.08% | 10.08% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Illinois
Largest competitors in Winnebago County, IL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/midland-states