Midland States Bank in Effingham, Illinois (IL), MO
Overview, Financial Summary, Detailed Financial Reports, Branches

Midland States Bank - Overview

  • General
  • FDIC Certificate #: 1040
    Status: Active
    Federal Reserve ID: 773247
    Bank Holding Company (Regulatory Top Holder): Midland States Bancorp, Inc. (RSSDID: 1491351, Location: Effingham, IL)
    Date Established: January 01, 1881
    WWW: http://www.midlandstatesbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 32 (Domestic: 32, Interstate: Yes)
    OTS Docket #: 15512
    FDIC's unique #: 693
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 2010
    Last Structure Change Process Date: October 19, 2010
    Last Data Update: October 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 West Jefferson Street, Effingham, IL 62401
    County: Effingham
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Effingham, IL (#20820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,510.0 mil
    Equity capital: $145.6 mil
    Deposits held in domestic offices: $1,222.1 mil
    Return on assets (ROA): 0.94% ($14.2 mil)
    Quarterly return on assets: 0.80% ($12.1 mil)
    Return on Equity (ROE): 10.52% ($15.4 mil)
    Quarterly return on equity: 8.32% ($12.1 mil)
    Net income: $14.5 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 1.34% ($20,234.6 mil)
    Quarterly Pretax return on assets: 1.08% ($16,308.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 390Total employees (full-time equivalent)
  • $1,510,045Total assets
  • $79,995Cash and due from depository institutions
  • $60,040Interest-bearing balances
  • $338,771Securities
  • $19,050Federal funds sold & reverse repurchase agreements
  • $934,457Net loans & leases
  • $26,831Loan loss allowance
  • $0Trading account assets
  • $47,336Bank premises and fixed assets
  • $11,622Other real estate owned
  • $19,571Goodwill and other intangibles
  • $1,510,045Life insurance assets
  • $59,243All other assets
  • $1,364,448Total liabilities and capital
  • $1,222,109Total liabilities
  • $1,023,376Total deposits
  • $1,222,109Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 55410.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $76,038Trading liabilities
  • $0Other borrowed funds
  • $10,891Subordinated debt
  • $145,597All other liabilities
  • $145,597Total equity capital
  • $145,597Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $95,837Surplus
  • $49,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34,471Income earned, not collected on loans
  • $0Earning assets
  • $8,620Long-term assets (5+ years)
  • $1,352,318Average Assets, year-to-date
  • $348,897Average Assets, quarterly
  • $1,552,821Volatile liabilities
  • $1,503,952Insider loans
  • $1,127,071FHLB advances
  • $1,479,006Loans and leases held for sale
  • $16,171Unused loan commitments
  • $16,171Tier 1 (core) risk-based capital
  • $124,866Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $146,131Restructured Loans and leases
  • $11,451Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $81,324Total interest income
  • $14,096Total interest expense
  • $67,228Net interest income
  • $3,854Provision for loan and lease losses
  • $11,573Total noninterest income
  • $3,376Fiduciary activities
  • $3,141Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,056Additional noninterest income
  • $53,944Total noninterest expense
  • $25,186Salaries and employee benefits
  • $5,400Premises and equipment expense
  • $23,358Additional noninterest expense
  • $21,003Pre-tax net operating income
  • -$253Securities gains (losses)
  • $6,206Applicable income taxes
  • $14,544Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,544Net income attributable to bank
  • $0Net charge-offs
  • $14,544Cash dividends
  • $5,511Sale, conversion, retirement of capital stock, net
  • $5,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.88%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 10.52%Return on equity (ROE)
  • 6.54%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 69.93%Credit loss provision to net charge-offs
  • 4.51%Efficiency ratio
  • 65,291Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.82%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 77.84%Noncurrent assets plus other real estate owned to assets
  • 3.05%Noncurrent loans to loans
  • 3.59%Net loans and leases to deposits
  • 76.46%Net loans and leases to core deposits
  • 88.02%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 8.44%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,552,821Average earning assets
  • $138,218Average equity
  • $1,378,558Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $573,588Managed Assets
  • 1Number of Accounts
  • $323,992Personal trust and agency accounts
  • $146,111Employee benefit-defined contribution accounts
  • $39,093Employee benefit-defined benefit accounts
  • $89Other retirement accounts
  • $43,457Corporate trust and agency accounts
  • $1Investment management agency accounts
  • $95,241Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 946Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $249,596Other retirement accounts
  • $101,967Corporate trust and agency accounts
  • $143,143Other fiduciary accounts
  • $1,913Fiduciary accounts held in foreign offices

List of branches

  • 30 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0693Midland States Bank133 West Jefferson Street, Effingham, IL 62401January 01, 1881Full Service Brick and Mortar
    1187771Merchant Street Facility101 South Merchant Street, Effingham, IL 62401November 05, 1979Full Service Retail
    37225Farina BranchWalnut And Madison Streets, Farina, IL 62838Febuary 01, 1902Full Service Brick and Mortar
    443882Centralia Branch200 South Poplar Street, Centralia, IL 62801January 01, 1879Full Service Brick and Mortar
    6280879Greenville Branch318 West College, Greenville, IL 62246January 01, 1894Full Service Brick and Mortar
    28452619Vandalia Branch1611 Veterans Avenue, Vandalia, IL 62471April 10, 2006Full Service Brick and Mortar
    29457898Effingham Branch1302 Thelma Keller Avenue, Effingham, IL 62401October 02, 2006Full Service Brick and Mortar
    307880Midland States Bank BranchMain And Mill Streets, Waterloo, IL 62298July 01, 1882Full Service Brick and Mortar
    31227040Waterloo BranchMain And Mill Streets, Waterloo, IL 62298June 20, 1988Limited Service Facility
    32227041Commercial State Bank812 N Market, Waterloo, IL 62298December 08, 1997Full Service Brick and Mortar
    33227042Hecker Branch130 S Main, Hecker, IL 62248November 01, 1998Full Service Brick and Mortar
    34360679Smithton Branch514 South Main, Smithton, IL 62285November 15, 2000Full Service Brick and Mortar
    35442010Freeburg Branch500 North State St, Freeburg, IL 62243August 02, 2004Full Service Brick and Mortar
    36465567Columbia Branch200 Quarry Road, Columbia, IL 62236December 04, 2006Full Service Brick and Mortar
    3875648Midland States Bank Branch1608 Broadmoor Drive, Champaign, IL 61821November 01, 1999Full Service Brick and Mortar
    395926Dixon Branch101 West First Street, Dixon, IL 61021October 16, 1905Full Service Brick and Mortar
    40219794Rock Falls Center Facility941 First Avenue, Rock Falls, IL 61071March 17, 1977Full Service Brick and Mortar
    412334Sterling Branch302 First Avenue, Sterling, IL 61081January 01, 1871Full Service Brick and Mortar
    42201681North Branch212 North Hennepin, Dixon, IL 61021August 07, 1967Full Service Brick and Mortar
    43201682Dixon Galena Branch101 Independence Court, Dixon, IL 61021January 17, 1980Full Service Brick and Mortar
    44219795Oregon Branch122 North Fourth Street, Oregon, IL 61061September 15, 1997Full Service Brick and Mortar
    452375Mendota Branch801 Washington Street, Mendota, IL 61342April 09, 1932Full Service Brick and Mortar
    46201767Data Center Drive-In Facility609 Eighth Avenue, Mendota, IL 61342June 24, 1983Limited Service Facility
    47226136Peru Drive-Up Facility2022 Fourth Street, Peru, IL 61354November 17, 1975Limited Service Facility
    48226138North Peru Branch2825 Plaza Drive, Peru, IL 61354May 07, 1994Full Service Brick and Mortar
    496689Princeton Branch815 South Main Street, Princeton, IL 61356May 01, 1902Full Service Brick and Mortar
    50222422Princeton Branch1407 North Main Street, Princeton, IL 61356October 10, 1990Full Service Brick and Mortar
    51428699Freeport Branch1753 South West Avenue, Freeport, IL 61032March 29, 2004Full Service Brick and Mortar
    52508886Joliet Il Branch1540 Route 59, Joliet, IL 60431May 24, 2010Full Service Brick and Mortar
    53510146Midland Financial Strategies Branch6957 Olde Creek Rd, Suite 1400, Rockford, IL 61114June 25, 2010Full Service Brick and Mortar
  • 2 Missouri Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    26431476Chesterfield Branch17107 Chesterfield Airport Road, Chesterfield, MO 63005December 31, 2003Full Service Brick and Mortar
    27468930Chesterfield Mobile Branch17107 Chestfield Airport Road, Suite 160, Chesterfield, MO 63005October 22, 2007Limited Service Mobile

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